NZDJPY SHORTNZDJPY was making Higher Highs and Higher Lows, it was in up trend but now it formed RSI divergence. it will likely to change in down trend so place the sell order
NZDJPY trade ideas
NZDJPY | SELLSo I have been just monitoring how price is moving on this pair, I see that we had a BOS on the 4hour and these internal BOS...
We are now at the 4hour bearish OB and identified the 15min OB, if it holds we can expect some bears coming in
NZD/JPY: Poised at Rising Wedge, Awaiting Breakout➡ Poised at a rising wedge, indicating potential for breakout on either side
➡ Resistance levels to watch: 91.52
➡ Support levels: 85.39 and 83.04
This currency pair is currently in a rising wedge formation, a pattern that typically suggests forthcoming volatility with a possible breakout. Traders should closely monitor these levels to anticipate the next significant move.
NZD/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
NZD/JPY pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 2H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 89.810 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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NZDJPY- Nice break out FxWirePro- NZDJPY trade idea
NZDJPY trades neutral with positive bias yesterday. It hits a high of 90.31 and is currently trading around 90.15.
Technicals-
The pair is trading above 34- and 55 EMA in the hourly chart.
The near-term resistance is around 90.31, a breach above targets 90.82/91.80. The immediate support is at 89.85 any violation below will drag the pair to 89.70/89.10/88.40.
Indicator (hourly chart)
CCI (14)- Bullish (above 100)
CCI (50)- Bullish (above 100)
Average directional movement Index - Bullish. All indicators confirm a bullish trend.
It is good to buy on dips around 90.22-24 with SL around 89.90 for TP of 91.
NZDJPY OUTLOOKLooking bearish on higher time frames we take advantage of it in lower time frames , trade with trend
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 demand zone 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 supply zone 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.
NZDJPY: Expecting Bullish Continuation! Here is Why:
Looking at the chart of NZDJPY right now we are seeing some interesting price action on the lower timeframes. Thus a local move up seems to be quite likely.
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NZD/JPY For Bearishyou can go short now
or
wait for break current support area at green arrow and go short with retest the broken support
- general trend is down
- price make double top and fail for breaking the resistance
- NZD is Weak
have fun :)
NZDJPY: Short-Term Risky TradeNZDJPY: Short-Term Risky Trade
Price is rising within an "Ascending Channel Pattern"
The channel's support area proved several times to be strong and pushed the price further.
Every time the price moved up it created new highs.
NZDJPY will likely rise to 90.50 this time in order to develop the pattern further.
You may find more details in the chart!
Thank you and Good Luck!
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NZD_JPY WILL GO DOWN|SHORT|
✅NZD_JPY went up to retest a horizontal resistance level of 90.600
Which makes me locally bearish biased
And I think that a move down
From the level is to be expected
Towards the target below at 88.780
SHORT🔥
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NZDJPY at Resistance and looks to be Bullish The Price is Making HH and soon may break the resistance and reach the new target! Untill this support is intact can go for long position. Have a profitable trade.
NZDJPY "Kiwi yen" Bank Bearish Robbery Plan on Short sideOla Hola Robbers / Traders,
This is our master plan to Heist NZDJPY market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
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Stop Loss : Recent Swing High using 4h timeframe
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Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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BULLISH ON NZDJPYthe previous week's high on the 12th of august has been broken signifying a potential to the upside, on the weekly timeframe, we see an FVG or a big void which needs to be filled, so I am taking advantage of that potential fill to go longs per my technical analysis. My
entry:89.854
sl:89.362
tp:94.519
Also the previous day's high on the 23rd of August has also been broken on the 4hr with a body and closed bullish, entry was based off of external to internal to external liquidity
Nzdjpy buy trendHigher high higher low
Waiting for breakout of prior high ans retesr to enter the swing buy entry
NZDJPY Potential UpsidesHey Traders, in today's trading session we are monitoring NZDJPY for a buying opportunity around 89 zone, NZDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 89 support and resistance area.
Trade safe, Joe.
sell NZDJPYNZDJPY Pair Analysis
We have two strong areas that can bring prices back down to the targets shown
NZD-JPY Potential Short! Sell!
Hello,Traders!
NZD-JPY is going up
But will soon hit a
Horizontal resistance
Level of 91.00 from where
We will be expecting a
Local bearish correction
Sell!
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Check out other forecasts below too!
Short idea on kiwi yen price seems to be in ascending channel , my demand levels stands at 85.500 ish patience is key
A possible sell opportunity on NZDJPYNZDJPY should either reverse and go bearish after retesting "Wait for retest A" or "Wait for retest B". The first rectangle (Wait for retest A) is a possible sell opportunity confirming a "Support that becomes Resistance" while the second rectangle (Wait for retest B) is a possible sell opportunity confirming a "Head and Shoulder" and also a zone where the market retest the Uptrend for a "Bearish Breakout".
NZD/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are now examining the NZD/JPY pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 87.651 level.
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NZD/JPY short setup if risk rolls over NZD/JPY has rebounded over six big figures from its August nadir, enjoying relative calm in markets which has enabled carry trades to be reestablished. But the bullish price action is showing signs of fatigue; RSI (14) has broken its uptrend while Tuesday’s daily candle looks suspiciously like a topping patten, rejected from the intersection of horizontal resistance at 89.96 and former uptrend running from the pandemic lows in early 2020.
I’m not ready to short just yet knowing buyers are parked above 88.00 based on the price action seen over the past week. Liquidity is also likely to wane ahead of Jerome Powell’s speech on Friday. But if NZD/JPY were to fail again at the former uptrend, especially post Powell, the conviction behind the trade would increase considerably.
Stops could be placed above the uptrend with shorts targeting a push towards 87.72. If that level gives way, there’s little major support to speak of until you get down to 83.50.
I’ve included correlation analysis in the bottom pane, looking at the rolling daily relationship NZD/JPY has had with Nasdaq 100 futures over the past fortnight. At 0.88, the strength of the correlation suggests a short setup is far more likely to succeed if risk appetite rolls over.
Good luck!
DS
