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JAPANESE YEN / NEW ZEALAND DOLLAR

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JPYNZD trade ideas

NZDJPY is Bearish - SellI will be watching patiently to see how the situation develops with NZDJPY to short the pair. The price is currently at a strong monthly resistance. The last time the price was at this level was in July 2007, and I envisage that the price cannot break above this level on the first test. My bearish outlook is further reinforced because the weekly candle closed bearish. My first target is 94.000. If you are a patient trader, you could target 90.000.
Short
by Integrity_GoldFX
Why I'm selling NZDJPY W7Hello!! This trade is based on 4H-1H and technical analysis only. Deep pullbacks on an uptrend Divergence Triple top Accumulation and distribution Let me break it down: We have been in an uptrend for about a month but we are starting to see signs of reversal. The market tried twice to break the highest high of this trend but failed ultimately creating a tipple top and a divergence. Every time it failed to take out the highs we saw strong bearish candles. We started seeing deeper pullbacks indicating weakness. If price breaks this strong level it will be an indication that we might be going down.
Short
by Linkhive001
NZDJPY Bullish ContinuationHello Everyone! How are you all? NZDJPY is a pair to watch this week, because it is shaping up very nicely for a bullish trend continuation that we can capitalize on. So, I will be looking for a bullish continuation because of the following reasons: 1. The overall trend is bullish. 2. The price has formed a continuation structure and it is approaching the value area. 3. COT report shows that Nzd has 29,791 long positions and 22,586 short positions; Jpy has 40,427 long positions and 172,528 short positions. Game Plan: If the price comes to the VA, and rejects at that level or sweeps the Low, and makes a bullish impulse followed by a 15mins flag with two highs and lows. Entry : will look for a risk buy entry within the flag or a reduced risk entry on the breakout of the flag.
Long
by DTreasureMarketHub
NZD/JPYSupport and resistance are critical concepts in technical analysis: 1. **Support** is a price level where buying interest is strong enough to prevent the price from falling further. It represents a zone of demand and is seen as a potential buying opportunity. 2. **Resistance** is a price level where selling interest is strong enough to prevent the price from rising further. It represents a zone of supply and is seen as a potential selling opportunity. 3. These levels are not fixed prices but rather zones where buying or selling pressure tends to concentrate. 4. Traders use various technical tools to identify support and resistance levels, such as trendlines, moving averages, and chart patterns. 5. Support and resistance levels help traders make decisions about entering or exiting trades, setting stop-loss orders, and managing risk. 6. When a support level is breached, it may become a new resistance level, and vice versa. 7. While support and resistance levels can be reliable indicators, they are not foolproof and should be used in conjunction with other analysis methods.
Short
by B9A-88652-NisarAhmad
NZDJPY Potential Resistance Breakout At 96.736 03.05.2024- Potential resistance breakout at 96.765 on 30-minute NZDJPY chart. - If breakout holds, high chances of exchange rate rising to 97.112; breaking 97.112 may push it higher. - If breakout fails, high chances of exchange rate dropping to 96.440; breaking 96.440 may push it lower. - Apply risk management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350)
Long
by Stuart_Cowell