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New Zealand Dollar / Japanese Yen

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NZDJPY trade ideas

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.
Short
by oktane
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.
Long
by FtradeFXArabic
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.
Short
by FtradeFXArabic
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. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
1
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. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
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
Short
by ForexRobotEasy
NZDJPY is looking for support … the week of 15 July, 2024The up trend that commenced in March has stalled a bit and price is retracing. Support could come at the 95.50 area and the 50% retracement of the recent bullish move is also nearby. At this point I have no interest in shorting this pair. IMO the bulls will regain control of this market and I want to trade long when there is evidence of that happening. This is not a trade recommendation, it is just my analysis. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management if/when you trade. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!!
Long
by Trading_Vista
4
NZDJPY ShortDaily Bias Bearish Fundamental Analysis NZD Bearish JPY Bullish Price Action: Price broke and close below Daily S/R Level respecting the bearish trendline. Price then break and close lower for H1&H4 TF below the H1 S/R level. Price broke both S/R level and short term bullish trendline, respecting H4/Daily Bearish trendline. Confluence: Higher TF (W/D/H4) - Bearish Trendline and Broken S/R level Lower TF (H1/M30/M15) - broken H1 S/R level and H1 bullish trendline. Bearish Momentum Candle is closed and formed Set up: Set short trade at broken support level with SL above the swing high of the last H1 high. TP is next Daily S/R level with R:R 1:3.5
Short
by royschen07