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NZDJPY trade ideas

NZDJPY Wave Analysis 8 November 2024 - NZDJPY reversed from resistance level 92.00 - Likely to fall to support level 90.40 NZDJPY currency pair recently reversed down from the resistance level 92.00, which is the upper boundary of the narrow sideways price range inside which the pair has been moving from September. The resistance level 92.00 was strengthened by the upper daily Bollinger Band and by the nearby 61.8% Fibonacci correction of the downward impulse from July. NZDJPY currency pair can be expected to fall to the next support level 90.40 (lower boundary of the aforementioned price range).
Short
by FxProGlobal
NZD/JPY may rise 58 - 79 pips89.90 is our pivot point. Our preference Rebound towards 90.99. Alternative scenario Below 89.90, expect 89.55 and 89.33. Comment The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 90.22 and 90.34). Supports and resistances 91.42 ** 91.21 * 90.99 ** 90.78 90.20 last 90.04 89.90 ** 89.55 * 89.33 ** Number of asterisks represents the strength of support and resistance levels.
Long
by Daniel_Thompson
Fundamental Analysis 11/22/2024Hello, Welcome back to our daily market digest. My name is Miles Johnson, and I would like to thank you for joining us on the final trading day of the week. Today, we analyzed our fundamental data released thus far and compared it to the current market conditions. It appears that the GBP and euro are currently experiencing significant challenges. In contrast, the CAD released information after our video concluded, resulting in a strong but mixed trajectory. The GBP pairs are particularly affected, as GBP’s performance has been subpar. However, this information presents an opportunity for us, as we were able to identify during our pre-analysis review today. Almost all GBP pairs, except for the Swiss franc, are correlated. Now, it is your responsibility to identify the most promising trading opportunities while simultaneously utilizing correlation to filter out both profitable and losing trades.
by milesjohnson778
NZDJPY Will Go Up From Support! Buy! Take a look at our analysis for NZDJPY. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 90.196. The above observations make me that the market will inevitably achieve 90.681 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
I called this out it dropped 80 pipsWhat a trade! I was on the H4, and it rejected the break of structure—it broke both above and below, showing clear indecision. Then, it formed a clean bearish engulfing on the M30, and that was my signal to enter. As soon as I entered, it started to drop—an incredible move! Ended up being an 80-pip trade, which I managed carefully by holding partials and setting my stop-loss to zero. It’s trades like this that make all the patience and strategy worth it! 🙌📉
by EZIO-FX
NZDJPY to find buyers at current swing low?NZDJPY - 24h expiry The primary trend remains bullish. The selloff is close to an exhaustion count on the daily chart. Preferred trade is to buy on dips. Bespoke support is located at 90.50. The hourly chart technicals suggests further downside before the uptrend returns. We look to Buy at 90.50 (stop at 90.25) Our profit targets will be 91.50 and 92.00 Resistance: 91.20 / 91.50 / 92.00 Support: 90.25 / 90.00 / 89.70 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. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
Idea on a chartNice trade today pure structure During the trading session on Tuesday, we have seen the Japanese yen strengthen quite sharply in the early hours, only to see a turnaround and give back its gains. Perhaps this was a run into safety as Vladimir Putin and the Russians announced that they were going to ease the restrictions on using nuclear weapons after Ukraine fired at least six NATO missiles into the deeper parts of the Russian Federation. That being said, it looks like the market has given this back and I think ultimately you have a scenario where we stay within the range that we have been in. If you are a short-term trader, this is an excellent opportunity due to the fact that the market is so clearly defined right now in the 250 pip range.
by EZIO-FX
Pullback resistance ahead?NZD/JPY is rising towards the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could drop from this level to our take profit. Entry: 91.37 Why we like it: There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement. Stop loss: 92.38 Why we like it: There is a pullback resistance level that lines up with the 127.2% Fibonacci extension. Take profit: 90.63 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! 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.
Short
by VantageMarkets
Buy OpportunityPotential Trade Setup: Long Position: The updated analysis favors a long position based on the support bounce and potential momentum shift. Entry: Enter the long trade at the current price level of 90.48. Stop Loss: Place the stop loss below the support at 90.00 to allow for minor fluctuations while protecting against further downside. Take Profit: Target the resistance level at 92.46, which aligns with the next major resistance zone. Analysis Breakdown: Current Price Action: NZD/JPY is currently trading at 90.48, close to a recent low where it found support. The price action indicates a potential reversal from the support level at 90.49, as seen by a bounce on the chart. Volume Profile: The volume profile highlights significant liquidity around 90.50, suggesting a strong area of interest where buyers have stepped in previously. This area may act as a launching point for a potential bullish move. Support and Resistance Levels: Support: The critical support level is identified at 90.49, aligning with the current bounce zone. Resistance: Overhead resistance levels are marked at 91.39, 92.05, and the final target at 92.46. Take-Profit Level: The suggested take-profit is at 92.46, offering a potential upside of 2.16% from the current level. Squeeze Momentum Indicator: The Squeeze Momentum Indicator shows a transition with red bars decreasing, suggesting weakening bearish momentum. A potential shift to green bars could indicate the start of a new bullish phase.
Long
by GODOCM
NZDJPY to breakdown?NZDJPY - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We are trading at overbought extremes. Bearish divergence is expected to cap gains. A lower correction is expected. We look to Sell a break of 92.10. We look to Sell a break of 92.10 (stop at 92.50) Our profit targets will be 91.10 and 90.85 Resistance: 92.50 / 92.80 / 93.20 Support: 92.00 / 91.60 / 90.90 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. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA