Watch out for BoJ tomorrowThe BoJ will be coming out with its interest rate decision tomorrow. Be careful with your yen positions, if you have any.
#nzdjpy FX_IDC:NZDJPY EASYMARKETS:NZDJPY
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JPYNZD trade ideas
TECHNICAL BOUNCE EXPECTED ON NZDJPYDespite a drop of almost 10% from the all-time high of 99 reached on 10 July 2024, the pair's long-term trend remains bullish.
However, a break of the medium-term uptrend line could open the door to a much larger correction and threaten the uptrend.
The price is currently in a key support zone at 90.186 - 90.763. This zone has been worked by both buyers and sellers between 9 January 2024 and 21 April.
Technically, we can expect a buying bounce that could take the price back to the uptrend line for a perfect technical pullback.
With the RSI at 12.60 at the time of writing, a technical rebound could also be confirmed by the RSI returning to its neutral zone. However, it would be better to wait for a buy signal on the smaller TFs before confirming this move.
On the other hand, a confirmation of a break of the support zone would allow the sellers to take control and drive the price even lower towards the 88 level.
Maxime Dominguez - Analyst for Activtrades
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NZD/JPY Buy AnalysisNZD/JPY Buy Analysis
Trade Idea: Sell NZD/JPY
Entry: 90.800
1st Take Profit: Up to 94.479
2nd Take Profit: Up to 96.170
Rationale:
Technical Analysis: NZD/JPY has faced Support near the 89.864 level, indicating potential for a Upward movement.
Bullish Momentum: Recent price action suggests a High from recentlow, supporting a Bullish bias.
Long-Term View: This trade reflects a broader bullish outlook on NZD/JPY, considering both technical indicators and market sentiment.
Risk Management: Implement a well-defined risk management strategy, including stop-loss orders, to mitigate potential losses in volatile market conditions.
Disclaimer: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The analysis provided is for informational purposes only and should not be considered as investment advice.
New Zealand Dollar / Japanese Yen | Range Idea | Asian SessionKey indicators on Trade Set Up in general;
1. Push Set Up
2. Range Set Up
3. Break & Retest Set Up
# HIGHER DEGREE | 4 Hour Time Frame
- Behaviour & Subdivision
- Measurement on Session
* 20 EMA
* 1000 EMA
* Signpost | Market Cap | Confluence Set Up
# POSITION & Risk Reward | 1 Hour Time Frame
- Measurement on Session
* 20 EMA
* 1000 EMA
* Retracement
# POSITION & Risk Reward | 15 Minutes Time Frame
- Measurement on Session
* Retracement | 0.5 & 0.618
* Extension | 0.88 & 1
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
NZDJPY: HTF CURVE ANALYSIS (14D) - DT WEALTH TRADE✨ NZDJPY: HTF CURVE ANALYSIS (14D) ✨ (DOWNTREND)
SLO2 @ 96.96 ⏳
SLO1a @ 96.11 ⏳
SLO1 @ 95.01 ⏳
SSO1 @ 90.83 ⏳
TP1 @ 80.395
TP1a @ 70.25
TP2 @ 65.164
TP4 @ 55.184
BLO1 @ 52.787 ⏳ (DO NOT SET!!! PLACE PRICE ALERT)
BLO2 @ 46.965 ⏳ (DO NOT SET!!! PLACE PRICE ALERT)
🔑
BLO = BUY LIMIT ORDER
HTF = HIGH TIME FRAME
SLO = SELL LIMIT ORDER
SSO = SELL STOP ORDER
TP = TAKE PROFIT
NOTE: Based on my evaluation, I don't anticipate PA going above 95.60, however if it does, I'll have orders waiting for it up there! I believe a conservative DCA approach will serve this trade the best. This is a wealth opportunity. It will take some time to play out but if managed well, it will pay out well.
Long-term time frames (1 week to 1 year):
— Shows the big picture, revealing major trends and economic factors.
— Less volatile, price movements are slower and smoother.
— Suitable for long-term trend trading and position trading.
— Requires less frequent monitoring but may offer fewer trading opportunities.
[NZDJPY] Big anticipation on this corrective moveHere is a big anticipation of the correction for this very bearish asset.
So let's take a little risk for a swing position to hold as much as possible.
I don't want now to see the price pushing to the downside at all or I will leave the position for the next opportunity. What is sure, is I want to long this asset on the next days.
Great Trade !
OPPORTUNITY FOR SELL NZDJPYWe have these indicators for SELL opportunity:
- Low volume to continue the current direction
- Reflection from the top of the parallel channel
- Return/re-test to 3M high (min. for TP1)
- Stong resistance line – zone with ATH
We define 3 goals:
TP 1 = 80 pips
TP 2 = 200 pips
TP 3 = 400 pips
NZDJPY: ITF CURVE ANALYSIS (13H/14H) ITF-DT✨ NZDJPY: ITF CURVE ANALYSIS (13H/14H) ✨ (DOWNTREND)
SLO2 @ 97.886 ⏳
SLO1a @ 97.077 ⏳
SLO1 @ 95.01 ⏳ (ANTICIPATED TURN BETWEEN 94.70 & 95.20)
TP1 @ 95.942 - BANKED
TP1a @ 95.05 (Secret TP)
TP2 @ 93.423
TP3 @ 91.772
BLO1 @ 91.376⏳ (DO NOT SET) WILL EVALUATE LATER
🔑
BLO = BUY LIMIT ORDER
ITF = INTERMEDIATE TIME FRAME
SLO = SELL LIMIT ORDER
TP = TAKE PROFIT
NOTE: Secret sauce, if used in tandem with the wealth trade, I believe there is a great opportunity on this pair. It's paid out well so far with TP1 being hit already.
Intermediate time frames (4 hours to 6 day):
— Offer a clearer picture of the underlying trend compared to short-term frames.
— Provide more opportunities for confirmation signals and technical analysis.
— Allow for more flexible trading schedules, trades can be held overnight.
— Suitable for swing traders and some positional traders.
Riding the Waves: NZD/JPY's Rollercoaster JourneyTechnical Analysis
Technical analysis also supports a long position in NZD/JPY:
Market Bottom Formation: Recent technical analysis indicates that the short-term downtrend has halted, and the price is starting to create a market bottom. A recent market high has been broken, suggesting a potential bull run .
Key Structure Levels: The pair is about to retest a key structure level of 95.24, implying a high likelihood of a move up .
Economic Calendar and Upcoming Events
Upcoming events on the economic calendar can also influence the NZD/JPY pair:
Japan’s FY 2024/2025 Annual Wage Negotiations: Preliminary results on March 15 could impact the JPY .
BOJ’s Monetary Policy Outcome: Scheduled for March 19, this event could provide further insights into Japan's economic stance .
Fed FOMC Meeting: The release of the latest dot plot on March 20 could influence global market sentiment .
Conclusion
Longing NZD/JPY is supported by a combination of high-interest rate differentials, strong macroeconomic indicators, favorable technical analysis, and institutional investor sentiment. While risks remain, the overall outlook suggests that a long position in NZD/JPY could be a profitable strategy.
BIG BOUNCE SETTING UP IN NZD/JPYA monster rally in the Yen is creating some extreme technical readings across the entire JPY complex. Of note is the Kiwi/Yen cross (NZD/JPY)
A pullback of 7 cents from 99 to 92 has brought prices back into trendline support from 2020. Not suggesting you try to catch falling knives, but in the forex space, a methodic and patient building of a position of size could lead to one of those 7 figure profitable trades in a few days.
Anticipating NZDJPY DeclineFundamental Reasons:
Diverging Monetary Policies: A significant factor influencing currency pairs is the divergence in monetary policies between the two countries. If the Reserve Bank of New Zealand (RBNZ) adopts a more dovish stance compared to the Bank of Japan (BoJ), it could weaken the NZD relative to the JPY.
Commodity Prices: As a commodity-driven economy, New Zealand is susceptible to fluctuations in commodity prices. A decline in prices of key exports like dairy, meat, and wool can negatively impact the NZD.
Global Risk Sentiment: The NZD is often considered a riskier currency. Periods of increased global uncertainty or risk aversion can lead to investors seeking safer havens like the JPY, causing NZDJPY to decline.
Trade Relations: New Zealand's reliance on international trade makes it vulnerable to trade tensions. Deteriorating trade relations with major partners can negatively impact the NZD.
Economic Calendar Events:
The economic calendar provides crucial data points that can influence currency movements. Key events to watch for potential NZDJPY weakness include:
New Zealand Economic Indicators:
GDP growth: A slowdown in economic growth can weaken the NZD.
Employment data: Rising unemployment or declining wage growth can negatively impact consumer spending and the overall economy.
Inflation figures: Lower-than-expected inflation could lead to expectations of interest rate cuts, weakening the NZD.
Trade balance: Persistent trade deficits can indicate economic weakness.
Global Economic Indicators:
Global risk sentiment: Events like geopolitical tensions, trade disputes, or economic slowdowns can increase demand for safe-haven currencies like the JPY.
US economic data: As the US is a major global economy, its economic performance can impact global risk sentiment and currency markets.
Central Bank Statements and Interest Rate Decisions:
RBNZ interest rate decisions and forward guidance: Any indication of a more dovish stance or potential rate cuts can weaken the NZD.
BoJ monetary policy decisions: While the BoJ is expected to maintain an ultra-loose monetary policy, any unexpected shifts could impact the JPY.
Falling towards pullback support?NZD/JPY is falling towards a support level which is a pullback support and could bounce from this level to our take profit.
Entry: 93.53
Why we like it:
There is a pullback support level.
Stop loss: 92.44
Why we like it:
There is a pullback support level which aligns with the 78.6% Fibonacci retracement.
Take profit: 95.10
Why we like it:
There is an overlap resistance level which lines up with the 23.6% Fibonacci retracement.
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NZDJPY Is Going Down! Sell!
Take a look at our analysis for NZDJPY.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 94.587.
Considering the today's price action, probabilities will be high to see a movement to 94.204.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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Trading Signal for NZDJPYDirection: Sell
Enter Price: 94.592
Take Profit: 94.368
Stop Loss: 94.999
Dear Traders,
We have identified a promising trading opportunity for the currency pair NZDJPY. Based on our analysis, we recommend entering a Sell position at the price of 94.592. Set the Take Profit at 94.368 and the Stop Loss at 94.999.
Our forecast is based on the EASY Quantum Ai strategy, which utilizes advanced algorithms and comprehensive market analysis to identify potential price movements. Several factors contribute to our bearish outlook for NZDJPY:
1. Technical Indicators: Various technical indicators, including moving averages and oscillators, are showing signs of an impending downward trend. The RSI (Relative Strength Index) suggests overbought conditions, indicating a potential price decline.
2. Market Sentiment: Market sentiment analysis shows an increase in bearish sentiment among traders. This psychological aspect often precedes a price drop.
3. Economic Data: Recent economic reports from New Zealand have been weaker than expected, which could negatively impact the NZD. Conversely, Japan's economy shows relative stability, providing additional downward pressure on NZDJPY.
Please remember to adjust your risk assessment and trading strategy according to your risk tolerance and investment goals. Always ensure to follow good risk management practices.
Good trading, and may the markets be in your favor.
Best Regards,
Your Trading Analysis Team
NZD_JPY BEARISH CONTINUATION AHEAD|SHORT|
✅NZD_JPY broke the key
Horizontal level of 95.500
Which is now a resistance
And is now making a pullback
After the retest of the level
So we are bearish biased
And we will be expecting
A strong bearish continuation
SHORT🔥
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