JPYNZD trade ideas
NZDJPY: Rectangle trading calls for buying.NZDJPY is neutral on its 1D technical outlook (RSI = 52.566, MACD = 0.350, ADX = 19.993) as it's been trading sideways inside a Rectangle pattern since September 27th. The recent rebound happened on the 4H MA200 and today it took a rejection on the 4H MA50. One more test of the 4H MA200 is possible but overall it is more likely to see an upward test of the lower Resistance Zone (TP = 91.800).
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NZDJPY Will Explode! BUY!
My dear friends,
Please, find my technical outlook for NZDJPY below:
The instrument tests an important psychological level 91.135
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 91.469
Recommended Stop Loss - 90.960
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
NZD/JPY SHORT FROM RESISTANCE
Hello, Friends!
The BB upper band is nearby so NZD-JPY is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 90.171.
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Good Buy chancePrice is tryin to return to it's upward channel and this kind of consolidating means BUY position for me , on 30 OCT i prefer to buy NZDJPY .
Currently, the sentiment in the NZD/JPY market is estimated as bullish. The 14-day RSI reading is 62.51, suggesting neutral conditions. In the last 30 days, the volatility of the NZD to NZD has been 0.44%.
The current NZD to JPY exchange rate is above the 50-day SMA, which is currently sitting at ¥ 90.02. The current rate is below the 200-day simple moving average, which is positioned at ¥ 92.57.
NZDJPY What Next? SELL!
My dear followers,
I analysed this chart on NZDJPY and concluded the following:
The market is trading on 91.609 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 91.230
Safe Stop Loss - 91.834
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
NZDJPY BUYERS COMING IN? Current Market Conditions: Look at the overall trend—are we in an uptrend or downtrend? If the market is trending upwards, it might be a good time to consider buying.
Technical Indicators: Check indicators like RSI or MACD to see if the pair is overbought or oversold. An oversold condition might suggest a potential buying opportunity.
Support and Resistance Levels: Identify key support levels where price might bounce. If NZD/JPY is near a strong support level, a buy could be justified.
Fundamental Analysis: Look at economic news from New Zealand and Japan. Strong economic data from New Zealand could support a buy.
Risk Management: Always define your stop-loss and take-profit levels based on your trading plan.
NZDJPY → Consolidation before breakout and distributionFX:NZDJPY is forming a pre-breakdown consolidation amid the weakening of the Japanese national currency. There is a chance to get out of the accumulation...
The potential, if the bulls hold the victory and go outside the channel, is quite high. Above 92.00 there is a free way to 94.4 - 98.87, there is no resistance that can prevent the movement.
BUT, for this to happen, the buyers need to be able to utilize their potential.
On H4, a global range of 91.9 - 86.5 is forming. But, more remarkable is that a strong consolidation is forming near the upper boundary of the channel, hinting at a possible upside realization.
Resistance levels: 91.975
Support levels: 90.788, 90.03
Technically, there is no pullback at all from the resistance at 91.97. Accumulation before distribution is forming. A break of 91.97, which may happen soon, may trigger a strong bullish momentum
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:NZDJPY ;)
Regards R. Linda!
NZDJPY Will Move Higher! Long!
Take a look at our analysis for NZDJPY.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 90.965.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 92.269 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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NZDJPY Buyers In Panic! SELL!
My dear subscribers,
NZDJPY looks like it will make a good move, and here are the details:
The market is trading on 91.89 pivot level.
Bias -Bearish
My Stop Loss - 92.317
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 91.246
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
NZDJPY 30M Analysis: Bullish Continuation Setup with Key Support
On the 30-minute chart, NZDJPY is showing signs of a potential bullish continuation. Price is currently testing the lower trendline, and a break above 91.275 could signal further upside momentum, with targets around 92.038. However, if the price breaks below the green key support zone at 90.680, it will invalidate the buy continuation setup, suggesting a shift in market sentiment. Watch for price action and volume at these critical levels for potential trade opportunities.
"NZD/JPY: Consolidation Hints at Upcoming Rally"The NZD/JPY currency pair is currently showing signs of consolidation near a key resistance level, following a recent retest and what appears to be a false breakdown. As the Japanese yen continues its decline, driven by a combination of domestic factors and the broader strength of the U.S. dollar, the New Zealand dollar may be positioning itself for an upside move. The technical picture is intriguing, as price action suggests an impending shift in momentum.
The price behavior at range resistance has been relatively muted, with no significant reaction thus far. However, a descending wedge pattern is forming—a powerful technical formation often associated with the potential for sharp movements once a breakout occurs. This wedge reflects a period of consolidation, but one that is building energy for a decisive move. Given the yen's weakness, largely driven by the Bank of Japan's passive stance in the face of economic developments and the dollar's rally, the near-term outlook for the pair suggests upward potential for the NZD. However, traders should remain cautious, as any strong comments from Japanese officials or unexpected shifts in central bank policy could trigger a rapid reversal, putting the current setup at risk of a shakeout.
Currently, key resistance levels are situated at 91.362 and 91.968, while the nearest support is around the 90.056 mark. Price action shows that the NZD/JPY pair has stalled at wedge resistance, entering a period of consolidation lasting between 12 and 16 hours. This pause in movement is a common feature of patterns like the descending wedge, which tend to "compress" price action before a breakout attempt. The critical question is whether the bulls can defend the price above the psychological barrier of 91.0. If they succeed in maintaining control above this level, the stage could be set for a sustained mid-term rally, offering a strong upside opportunity for traders.
This technical setup coincides with broader fundamental factors that could provide tailwinds for the pair. The yen’s weakness has been exacerbated by a lack of intervention from the Bank of Japan, which seems content to let the currency drift lower while they assess the impact of U.S. economic data and the ongoing dollar rally. This inaction may be temporary, but for now, it creates a window for the NZD to gain further ground. The absence of any significant reaction to resistance hints at a market that is quietly building momentum, potentially setting the scene for a breakout if the bulls remain in control.
In summary, NZD/JPY is entering a crucial phase as it consolidates near resistance, forming a descending wedge that often precedes strong price movements. With the yen continuing to lose ground and no immediate intervention in sight from Japan’s central bank, the path of least resistance appears to be upward. However, the risk of a shakeout remains high, particularly if unexpected comments or actions from Japanese officials catch the market off guard. For now, though, the technicals favor the bulls, and if the price holds above 91.0, we could see a meaningful rally in the medium term, driven by both technical patterns and the ongoing weakness of the yen. Traders should closely monitor price action at key levels, as the next move may offer a compelling opportunity for those positioned for a breakout.
NZDJPY / H1 / SHORTNZDJPY may experience a downfall from the Bearish Order Block.
Bearish Order Block: 92.293 and 91.916
NZDJPY is nearing the Bearish Order Block, and based on my analysis using Smart Money Concepts (SMC), we can expect the price to move downward from this zone. Let's see how the price reacts as it approaches the key level.
Entry Price :- 91.995
Take Profit :- 91.424
Stop Loss :- 92.567
NZD/JPY Break Above 92.293 Signals Bullish ContinuationHello,
OANDA:NZDJPY is nearing its recent 3-month/1-month high of 92.293. A decisive break and hold above this level is crucial to confirm further upside momentum. The current price action remains well-positioned for a bullish continuation, as long as it stays above the 1-month pivot point (PP), supporting continued upward movement.
TradeWithTheTrend3344
NZDJPY → Pre-breakdown consolidation. Preparing for a rallyFX:NZDJPY is forming consolidation near resistance after retest and false breakdown. On the back of JPY decline, NZD may show upside...
There is no proper price reaction to range resistance. Consolidation in the format of a descending wedge, a rather strong pattern capable of forming strong movements, is being formed. The Japanese national currency continues to update lows amid the calm of the central bank of Japan, which is waiting for something because of the rally in the dollar, as well as economic data from the United States. Any strong comments could restart the rally in the JPY, so the risk of a shakeout is quite high. But at the moment the chart is hinting at a possible upside...
Resistance levels: 91.362, 91968
Support levels: 90.056
The price stops moving away from the wedge resistance at some point, forming a 12-16 hour consolidation. Most likely there will be a breakout attempt. If the bulls keep the defense above 91.0, we can catch a good upward rally in the mid term
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:NZDJPY ;)
Regards R. Linda!