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JAPANESE YEN / NEW ZEALAND DOLLAR

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JPYNZD trade ideas

NZD/JPY 4H Timeframe Analysis: NZD/JPY 4H Timeframe Analysis: Trend: The price is currently in a downtrend and has reached a key support level. A Doji candle formed, with a strong wick that pushed the sellers above and broke our significant horizontal support at the 88.000 level. Price Action: Following the Doji candle, we observed a Buy Signal Confirmation: An Inverted Hammer candle was formed, followed by a Bullish Engulfing candle, all within the breakout and retest zone. This suggests a potential price reversal in the coming hours. We also noticed that price is accumulating buy orders in the area between 88.000-88.450, near a minor resistance zone. This accumulation indicates that buyers are entering the market in this range. Liquidity Zone & Expected Manipulation: The liquidity zone is identified between 88.000-87.600. We anticipate a manipulation in this area, where price could briefly dip before reversing higher. Trade Setup: If manipulation occurs and the price drops to the 87.600 level, we expect a bounce back toward 88.000. This level will serve as our Buy Stop Order, indicating a potential entry point for a bullish reversal. Our target profit is set at 89.000, where we expect price distribution as the market trends higher. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Trading carries a high level of risk, and you should only trade with money you can afford to lose. Always perform your own research and consider your risk tolerance before making any trading decisions. Past performance is not indicative of future results.
Long
by RebornFXTrader
1
Bearish drop off overlap resistance?NZD/JPY is rising towards the pivot which is an overlap resistance and could drop to the 1st support which acts as a pullback support. Pivot: 88.77 1st Support: 87.77 1st Resistance: 89.46 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
Buy NZD/JPY Wedge BreakoutThe NZD/JPY pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the Upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around the current price of 88.23, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 89.00 2nd Support – 89.45 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_TA_TRADING
7
NZDJPY - 4hrs ( Sell Trade Target Range 220 PIP ) 🟢 Pair Name :NZD/JPY Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ 🟢 Key Technical / Direction ( Short ) ——————————— Bearish Break 89.600 Area Reasons - Major Turn level - Visible Range Hvn - Pattern Break - inner Down Trend Line - CHoch ZOne Bullish Reversal 87.800 Area Reasons - Major Turn level / w - Visible Range Lvn - Pattern Target - Fibo Golden Zone - Quarters Area
Short
by GentleGoldenEngine
1
NZDJPY Long Term Selling Trading IdeaHello Traders In This Chart NZDJPY HOURLY Forex Forecast By FOREX PLANET today NZDJPY analysis 👆 🟢This Chart includes_ (NZDJPY market update) 🟢What is The Next Opportunity on NZDJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
NZDJPY Wave Analysis 2 December 2024 - NZDJPY broke support zone - Likely to fall to support level 86.75 NZDJPY currency pair recently broke the support zone located between the support level 89.00 and the 38.2% Fibonacci correction of the upward price move from the start of August. The breakout of this support zone accelerated the active c-wave of the ABC correction 2 from the start of November. Given the strongly bullish yen sentiment seen today, NZDJPY currency pair can be expected to fall to the next support level 86.75 (former support from September and the target price for the completion of the active ABC correction 2).
Short
by FxProGlobal
NZDJPY might return to the rangeThe fundamental situation for NZDJPY is essentially different from most other pairs with the Kiwi dollar since the Bank of Japan is in a cycle of slow tightening rather than the RBNZ’s relatively aggressive loosening. The probability of a hike by the BoJ on 19 December is now about 60%. Possible new American tariffs on imports would affect both countries, but New Zealand would likely face a much stronger though indirect effect due to its important trade with China. Although the sideways trend since early October isn’t very well established, the recent downward movement still looks like a fakeout. 27 November’s doji wasn’t followed by a clear down candle and the price is clearly oversold based on Bollinger Bands and the slow stochastic. ¥91 remains the primary reference. A move back above ¥92 seems highly unfavourable in the near future but volume and volatility probably need to increase before there’s another test of the strong support around ¥86.50. This is my personal opinion which does not represent the opinion of Exness. This is not a recommendation to trade.
by Michael_Stark_Exness
NZD JPY may enter into a bullish phaseNZD JPY may enter into a bullish phase Seasonal trends indicate a bullish outlook for NZD/JPY; however, the COT report for non-commercial positions does not align with this view, showing a potential shift in sentiment. Despite this, NZD exhibits stronger endogenous positive factors compared to JPY, reinforcing a bullish bias for the NZD. Key drivers include improvements in business confidence, manufacturing, and services data, which collectively strengthen NZD's position.
Long
by ammadbashir14