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New Zealand Dollar / Japanese Yen

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NZDJPY trade ideas

Heading into 38.2% Fibonacci resistance?NZD/JPY is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support which is also an overlap support. Pivot: 88.22 1st Support: 86.65 1st Resistance: 89.17 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
NZDJPY 4H bears waterfall..The global economic turmoil has impacted all countries, and New Zealand is no exception. As a result, the nation is experiencing slow growth, which is reflected in a weak NZD. China, one of New Zealand's largest trading partners, contributes to this issue. However, there was some improvement noted in the GDP for the March quarter, which rose by 0.2% compared to the previous quarter. Additionally, with inflation at 3.3%, the RBNZ is in a delicate position, attempting to manage inflation without hindering economic growth. Adjusting interest rates—whether cutting or raising them—will inevitably affect economic stability. Typically, the JPY strengthens during times of global uncertainty, earning its reputation as a "safe haven." This trend may be contributing to the decline of the NZD, as risk aversion continues to influence the markets. From a technical perspective, the price has experienced a significant drop from 91.654, resembling a free fall. The EMA (21) has effectively served as dynamic resistance. Currently (20:10 AEST), bulls are attempting to hold their ground, but I do not see any bullish momentum that could alter the price direction significantly. The new support level at 86.638 does not appear robust enough to withstand bearish pressure, although there may be some reaction since the RSI is just above the 30 level and poised to enter the oversold territory.
Short
by cyberFX2019
NZDJPY - Bounce Strategy Post Profit-TakingIntroduction: I've recently closed a long position on NZDJPY with a solid profit, taking advantage of the Kiwi's strength against the Yen. Now, I'm setting my sights on another potential bounce from current levels, leveraging both fundamental and technical analysis. Fundamental Analysis: New Zealand's Economy: Despite global headwinds, NZ's economy has shown resilience. The RBNZ's hawkish stance, driven by robust inflation figures, supports a higher yield environment, which traditionally favors the Kiwi. Japan's Monetary Policy: The Bank of Japan's (BoJ) ultra-loose policy continues, keeping the Yen under pressure. This divergence in monetary policy could further support NZDJPY. Technical Analysis: Support Levels: The pair is currently testing a significant support zone around . This level has historically acted as a bounce point. Indicators: RSI is showing signs of oversold conditions, suggesting a potential reversal. MACD is about to cross, indicating momentum might shift in favor of the bulls. Fibonacci Retracement: The current price aligns with the 61.8% retracement level from the last major swing high to low. Strategy Execution: Entry: I've entered a long position at , right at the confluence of the support zone and technical indicators. Stop Loss: Placed just below the recent swing low at to manage risk effectively. This level also coincides with a psychological round number, adding to its significance. Take Profit: My primary target is set at , which aligns with the next resistance level and a previous high. However, I'll also look for partial exits at if the move is swift, securing profits while leaving room for further upside. Risk Management: Position Size: I've sized this trade to ensure that my risk per trade doesn't exceed 1% of my trading capital, adhering to strict risk management principles. Pyramiding: If the price moves in my favour and hits , I plan to add to my position, averaging up with a smaller lot size. Market Sentiment: Global Risk Sentiment: NZDJPY often acts as a proxy for risk appetite. With global markets showing signs of recovery, this could further bolster the pair. Geopolitical Events: Keeping an eye on any unexpected geopolitical developments that could impact market sentiment. Conclusion: This trade setup on NZDJPY leverages a confluence of fundamental strength, technical support, and market sentiment. While no trade is without risk, the setup's alignment with multiple factors makes it an attractive opportunity. I'll be monitoring economic releases from both NZ and Japan closely, ready to adjust my strategy as needed. Remember to replace placeholders with actual price levels, technical indicators, or economic data relevant at the time of posting. This detailed idea not only shares your strategy but also provides insights into your thought process, which can be valuable for other traders looking for similar setups or learning from your approach.
Long
by TradeRenegadeX
Heading into 38.2% Fibonacci resistance?NZD/JPY is rising towards the pivot and could reverse to the 38.2% Fibonacci support. Pivot: 89.88 1st Support: 88.23 1st Resistance: 91.03 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
NZDJPY Expected Growth! BUY! My dear friends, NZDJPY looks like it will make a good move, and here are the details: The market is trading on 89.069 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 89.884 Recommended Stop Loss - 88.645 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
NZD/JPY Bank Money Heist Plan on Bullish SideMy Dear Robbers / Money Makers & Newbies, This is our master plan to Heist NZD/JPY Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Stop Loss : Recent Swing Low using 2h timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. 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. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Long
by Thief_Trader