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New Zealand Dollar / Japanese Yen

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NZDJPY trade ideas

Sell NZDJPY Channel PatternThe NZD/JPY pair on the M30 timeframe presents a potential selling opportunity due to the presence of a bearish channel pattern. Sell Entry: Consider entering a short position around the current price of 91.65, positioned near the current price within the channel. Target Levels: The initial bearish target lies at the 91.15 level, which represents the previous support line within the channel. Further downside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions. Stop-Loss: To manage risk, place a stop-loss order above the broken resistance line of the channel, ideally around 91.85. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_FOREX_TRADING
16
NZDJPY to continue in the downward move?NZDJPY - 24h expiry Price action looks to be forming a top. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. The rally is close to an exhaustion count on the weekly chart. Although the anticipated move lower is corrective, it does offer ample risk/reward today. Bespoke resistance is located at 91.80. We look to Sell at 91.80 (stop at 92.12) Our profit targets will be 91.00 and 90.80 Resistance: 91.80 / 92.10 / 92.40 Support: 91.20 / 90.90 / 90.60 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
nzdjpy buy trade Overall Trend: NZDJPY has been in an uptrend. Recent price action shows higher lows, indicating bullish momentum. Key Technical Points: Support and Resistance Levels: The pair is approaching a support zone near 92.585. This level has held previously, suggesting potential buying interest. Bullish Divergence: On the RSI and MACD, we observe bullish divergence. This signals a potential reversal to the upside. Triple Bottom Formation: A triple bottom pattern has formed. This pattern often precedes a bullish move. Fibonacci Retracement: The entry zone lies between 38.2% and 61.8% Fibonacci retracement levels. This aligns with the triple bottom formation. Oversold Conditions: Despite the downtrend, NZDJPY is oversold on the 2-hour timeframe. A bounce from this level is likely. Exhaustion Near Resistance: Be cautious as the pair approaches a resistance zone. It may experience exhaustion or a pullback.
Long
by Mansa_Musa_Capital
NZDJPY Is Going Up! Long! Here is our detailed technical review for NZDJPY. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 91.691. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 92.496 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
NZDJPY: Very Risky SellNZDJPY: Very Risky Sell The price is about to complete a large harmonic pattern. In the current conditions it is still very risky because it is all about BOJ and the next intervention in the market. The market is not reacting at all lately and it keeps rising on hopes that BOJ will make a big mess again. I do not understand if they are doing their job or not because we have years without having a clear signal about their monetary policy statement. They only tell lies and are already losing the confidence of the market. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by KlejdiCuni
1
NZDJPY - 4hrs ( Sell Trade Target Range 120 PIP ) 💵Pair Name NZD/JPY Time Frame : 4 hrs Scale Type : line chart + Candle Stick ------ 🌐 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🔗 Key Technical / Direction ( Short ) Mid Term Type : Mid Term Swing —————————— Bearish Break 92.650 Area Reasons - Major Turn level / w - Fixed Range Hvn Break - inner Trend Break - H&S small pattern - Day + week low break Bullish Reversal 91.200 area reasons - Major Turn level / D - Pattern Target - Fibo Golden - Quarter's Area - Fixed Range Lvn Area
Short
by GoldenEngine
NZDJPY Long ZoneDon't Forget to click on the follow button to see more Detailed Daily Analysis. Also if you have any questions please do ask them in the comments section! Here we have our NZDJPY chart. We have seen volatility on current global tensions across various asset classes. This morning the NZD has fallen Rapidly across the board. From the Long term Downtrend on the NZD we can look for Longs amid the current support we find ourselves at. At highs we can return to shorts. Look for exit at the eclipse symbol area.
Long
by WillSebastian
1