NZDJPY Upside Momentum ContinuesHello,
OANDA:NZDJPY has shown upward momentum, which is likely to continue as long as the price remains above the 1W/1D pivot points. In the long term, this pair is still considered a buy.
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NZDJPY trade ideas
NZDJPY bottomed being formed. Huge long-term buy.The NZDJPY pair gave us an excellent sell signal back on our July 10 analysis (see chart below) and not only hit our 95.580 Target but broke below and invalidated the medium-term Channel Up:
The long-term Channel Up however, is still intact and it is evident on the 1W time-frame where the July - August sell-off found support and stopped exactly on the 1W MA200 (orange trend-line).
That was the first strong long-term buy signal. Since then, the price has been consolidating within the 1W MA50 (blue trend-line), which has already rejected the uptrend multiple times and the bottom (Higher Lows trend-line) of the Channel Up.
The second buy signal came this month, as it made a Double Bottom on the Higher Lows trend-line of the Channel Up. This whole sequence is very similar with the bottom formations of Jan - April 2023 and December - February 2022. Both started new Bullish Legs and never looked back once the price broke above the 1W MA50.
So the confirmed buy signal for this pair will be if a 1W candle closes above the 1W MA50. If that happens, we will turn bullish with our Target being 102.000 (+18.31%, the minimum Bullish Leg rise within the Channel Up).
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NZD/JPY BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
NZD/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 12H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 86.825 area.
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NZDJPY: Finally a Bullish Confirmation?! 🇳🇿🇯🇵
Update for my recent post for NZDJPY.
The pair finally looks bullish after a test of a key daily support.
My confirmation signals are a double bottom pattern and
a bullish imbalance candle on an hourly time frame.
We can expect growth at least to 87.8
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NZDJPY: Change of Character Confirmed?! 🇳🇿🇯🇵
NZDJPY confirms a bullish reversal on a daily.
The price violated both the resistance lines of a falling channel
and a horizontal range.
Bullish breakout of the underlined blue resistance also is a valid
Change of Character.
The market may go much higher soon.
Next resistance - 89.75
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NZD/JPY Bullish Cup and Handle: Targeting a 60-Pip Move The NZD/JPY pair on the 1-hour chart has formed a bullish Cup and Handle pattern, signaling a potential upward move of approximately 60 pips with a target around 89.260. Traders may look for confirmation of the breakout above the handle resistance to enter a buy trade.
However, caution is advised, as a bearish harmonic pattern could emerge on the 4-hour chart, potentially leading to a reversal after the target is achieved. Monitoring price action and higher timeframes is recommended to manage risk effectively.
NZDJPY FORECASTThis is the pair that I look for today! It one of the higher probability setups that we have early on this week. When I look the higher timeframe and the 4H, I get the message that this is the first big structure since price broke all potential lows. Price broke above the highs of the correction which shows that liquidity has been grabed and price is ready for the move to the downside. Let's look it with a close eye!
BUY NZDJPY - How to spot high probability set upsTrader Tom, a technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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NZD_JPY BULLISH BREAKOUT|LONG|
✅NZD_JPY is going up now
And we are already seeing a
Bullish breakout of the key
Level of 88.80 which is now
A support which reinforces
Our bullish bias and we will
Be expecting a further move up
LONG🚀
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NZDJPY MARKET ANALYSIS AND PRICE PREDICTION NZDJPY, has finished consolidation at Institutional Renegotiation zone, Decision has been taken in favor of The Bulls. Price is retracing a little to give the Bulls 61:8% Discount Price Entry at FVG. Take Profit 1 is at FVG at Trend Line Liquidity, Take Profit 2 is at The Renegotiation Resistance, Take Profit 3 is the First unmitigated order block and the Target is the Last Unmitigated Order Block.
Entry, Take Profit 1,2,3&4 and Stop Loss Are Clearly Marked on the Chat.
GOOD LUCK GUYS
NZDJPY💡The chart shows technical analysis of the NZD/JPY currency pair on the daily time frame (D1). The price is moving within the Ascending Channel If the price continues to consolidate above the support (S.1), a rise towards the resistance levels (P.P) or the upper border of the channel (R.1) is expected. If the support is broken, we may see a pullback towards lower levels. The MACD is showing a decline in red momentum, which may indicate declining selling power. ⛔️It is not investment advice for educational purposes only.
Heading into pullback resistance?NZD/JPY is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support.
Pivot: 90.09
1st Support: 86.65
1st Resistance: 92.32
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NZD/JPY 30-Minute Chart – Bearish FocusThis chart highlights a potential selling setup for the NZD/JPY pair on the 30-minute timeframe. Key insights include:
Supply Zone at 88.800:
Price recently tested a key supply zone near 88.800, where strong selling pressure is likely to emerge.
Bearish Ascending Wedge:
The current price action is forming a small ascending wedge pattern, a bearish reversal structure, indicating a potential breakdown.
Potential Sell Setup:
A break below the ascending trendline could confirm selling momentum.
The first target is the 87.600 level, with an extended move toward the demand zone around 87.200.
Risk Management:
Stop-loss placement above the supply zone near 88.800 is recommended to protect against invalidation.
This setup provides a bearish outlook, with sellers waiting for confirmation of a trendline break before entering short positions.
NZDJPY is all set to continue its upward movement! The price is moving within an ascending channel and has just hit the lower limit again, bouncing back up and forming a bullish candlestick with a long lower wick and a small body. This suggests that sellers have made another unsuccessful try to change the trend, even creating a higher low that backs up the uptrend. The price is also bouncing off the 50% Fibonacci retracement level. NZDJPY is moving towards the major volume activity price range around 90.5. On top of that, volume analysis backs this up, indicating that buyers are getting stronger and ready to push the price up.
Time Frame: daily
Idea support:
- Price action
- Volume Analysis
- Trend analysis
NZDJPY to turnaround?NZDJPY - 24h expiry
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
The selloff is close to an exhaustion count on the daily chart.
Price action looks to be forming a bottom.
Bespoke support is located at 87.80.
Risk/Reward would be poor to call a buy from current levels.
We look to Buy at 87.80 (stop at 87.30)
Our profit targets will be 89.00 and 89.25
Resistance: 89.00 / 89.50 / 90.00
Support: 88.50 / 87.80 / 87.30
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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