POSSIBLE BUY OPPORTUNITY ON NZDJPYPrice showing signs of strong momentum. We look for the pullback to take the trade.
NZDJPY trade ideas
NZDJPYThe expected trajectory for the pair in the coming days suggests a likely continuation of the downward trend.
NZDJPY Bullish Outlook: Time to Buy!The NZDJPY currency pair is presenting a promising buying opportunity at an entry price of 88.155. With the recent analysis provided by EASY Trading AI, the sentiment is clear: we're leaning towards a bullish direction.
Supporting this bullish outlook, the current market conditions indicate strong momentum that's likely to push the price towards our Take Profit target of 88.332. Key factors influencing this trend include positive economic indicators from New Zealand and stable risk appetite in the Japanese markets, which are fostering an environment conducive to upward price movement.
We also have a Stop Loss set at 87.945 to mitigate risks in case the market moves against our position. This setup ensures a favorable risk-to-reward ratio and aligns well with our strategy of disciplined trading.
Utilizing the insights from our trading robots and market analysis tools, I encourage you to consider this setup and refine your trading strategy. For those engaged in scalping or more active trading, this signal can be incorporated into your broader strategy with precision.
Stay informed of market updates and adjust accordingly. Happy trading!
NZDJPY 4hSL 89.61
TP 81.14
R:R 1:5, recommended R:R 1:3
Price action is respecting the resistance , this is a strong level for sell.
Good trade everyone $$$
NZD/JPY BEARS ARE GAINING STRENGTH|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 3H 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 87.705 area.
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NZD JPY Trade.NZD/JPY Trade Setup
The NZD/JPY pair frequently breaks through order blocks to grab liquidity before reversing.
FVG and Bullish Engulfing (M3):
Look for a Fair Value Gap (FVG) on the M3 timeframe.
Confirmation comes with a bullish engulfing candle forming within the FVG.
Market Structure Shift (MSS):
Wait for a market structure shift above the FVG, signaling a transition to bullish momentum.
Target: Aim for a 30-pip move.
Asian Low Taken Out:
Price tends to take out the Asian session low, acting as a liquidity grab before reversing.
Fibonacci 61.8% Rejection:
Watch for price rejection near the 61.8% Fibonacci retracement level, adding confluence to the setup.
H1 Order Block Behavior:
The NZD/JPY pair has a tested tendency to break H1 order blocks to grab liquidity before moving in the intended direction.
NZDJPY: Forecast & Trading Plan
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current NZDJPY chart which, if analyzed properly, clearly points in the downward direction.
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Visualizing Liquidity in Retail PatternsIn this short video I go through a nice example of liquidity being engineered and raided on both sides of the market in order to facilitate a AMD/PO3 schematic.
I hope you find it insightful in how you view price, and how you can use retail patterns in order to fade the retail mindset.
- R2F
NZDJPY: Set Your Sails for a Buy Opportunity!In potential trades like NZDJPY, aligning our moves with the dynamic and proven EASY Trading AI strategy unleashes a promising opportunity. 📈 With clear direction set to Buy, entering the trade at a price of 88.607 feels more than right—it becomes a strategic play in the unfolding market scenario.
But why is this pair expected to take off? Several contributing factors take the stage. Firstly, the broader economic climate is favorable for higher yielding currencies like NZD amidst global risk appetite, pushing it against yen safe-haven appeal. This trend reflects confidence among investors in coming economic balances.
Our Take Profit level stands at 88.89866667, offering a solid potential return. It's not just a target; it echoes market momentum, likely driven by positive economic data or buoyant sentiment around New Zealand’s growth forecasts.
On the flip side, allowing room for calculated risks is essential. Maintaining Stop Loss at 88.19266667, we navigate uncertainties while safeguarding our trading positions.
This strategic blend of risk management and profit pursuit is what makes the EASY Trading AI model both compelling and reliable. So, are you gearing up to seize this NZDJPY move? Happy trading! 💹
NZDJPY Is Going Down! Sell!
Here is our detailed technical review for NZDJPY.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 88.668.
Considering the today's price action, probabilities will be high to see a movement to 86.980.
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.
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Bearish drop off pullback resistance?NZD/JPY is rising towards the pivot which is a pullback resistance and could drop to the 1st support.
Pivot: 88.97
1st Support: 87.88
1st Resistance: 89.47
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.
NZD-JPY Local Short! Sell!
Hello,Traders!
NZD-JPY retested a horizontal
Resistance of 89.2400 from
Where we are already seeing
A local pullback so a further
Bearish move down
Is to be expected
Sell!
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Check out other forecasts below too!
NZDJPYThe potential BUY scenario for the pair
The pair is under observation as it approaches the designated BUY zone on the chart.
NZDJPY Long4hr: Reversal pattern at support
1D: Bottom of trend channel + Bullish engulfing + Class A RSI bullish divergence
1W: Uptrend
Sidenotes: 1 hr short term potential downside towards Golden Pocket entry @ $87.90.
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.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
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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20.12.24 Morning ForecastPairs on Watch -
FX:GBPAUD
FX:EURUSD
FX:NZDJPY
A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!
How I pulled 2R on NZDJPY sellHello
I had an idea that the SL hunt for this head and shoulders will happen.
With this trend and its retest the plan was easy.
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 SHORTLooking to sell NZDJPY as soon as price breaks below the AOI zone. Catching 50pips out of this move won't be bad.. Fingers crossed.
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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