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New Zealand Dollar / Japanese Yen

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NZDJPY trade ideas

NZDJPY is looking for support … the week of 15 July, 2024The up trend that commenced in March has stalled a bit and price is retracing. Support could come at the 95.50 area and the 50% retracement of the recent bullish move is also nearby. At this point I have no interest in shorting this pair. IMO the bulls will regain control of this market and I want to trade long when there is evidence of that happening. This is not a trade recommendation, it is just my analysis. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management if/when you trade. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!!
Long
by Trading_Vista
4
NZDJPY ShortDaily Bias Bearish Fundamental Analysis NZD Bearish JPY Bullish Price Action: Price broke and close below Daily S/R Level respecting the bearish trendline. Price then break and close lower for H1&H4 TF below the H1 S/R level. Price broke both S/R level and short term bullish trendline, respecting H4/Daily Bearish trendline. Confluence: Higher TF (W/D/H4) - Bearish Trendline and Broken S/R level Lower TF (H1/M30/M15) - broken H1 S/R level and H1 bullish trendline. Bearish Momentum Candle is closed and formed Set up: Set short trade at broken support level with SL above the swing high of the last H1 high. TP is next Daily S/R level with R:R 1:3.5
Short
by royschen07
NZDJPY - BUY The Market is severe at the moment, drastic moves. Like I say they stop u out or squeeze u out No Prisoners taken so u have to average in basically U gotta have a strong conviction of what u think the market is thinking and going to do So far not so good. But I got so much Demo money I can afford it : ) NZD Interest rates versus Jappy 5.5% v's 0.10% is massive if u are going to park your money anywhere NZD or USD is the place to do it V's Jappy USD posted already NZD much stronger than JPY fundamentally also USD GBP strongest of all
by NZ_Shareman
NZDJPY - 4hrs ( Sell Trade Target Rang 180 PIP ) Pair Name : NZD/JPY Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— 🦸‍♀️Bearish Break 98.350 Area Reasons - Major Turn level - Visible Range Hvn - Channel Break - Day / week low - Fibo Golden Zone 🦸‍♀️Bullish Reversal 96.800 Area reasons - Choch Zone - Visible Range Hvn - Major Turn level / D - Fibo Golden - Fixed Range Hvn
Short
by GentleGoldenEngine
1
NZDJPY - BUY Taken out again below Monthly Resistance that turned Support. Everyone would think Na that's where it will turn it shouldn't go past there surely, there must be untold Buy orders there. I guess there must have been because then it went up and hit everyone's Sell orders and went back down again then hit more Buy orders and is at Sell order resistance again now. But this is the makings of a Wycoff pattern hopefully and we should break through and continue to order block top of black candle and then on up higher to continue with the carry trade scenario the only thing that makes sense to me and I'm very clever just ask me. : ) Forex is a tricky game. NASDAQ is the only safe Trade as long as u can give it plenty of room to move it is on a tare and only just started Interest rates haven't even started to come down yet and its honking. Scale in small lots 0.01 until u get used to the Profit Loss compared to yr Capital then increase it has everything going for it the wind is in it's sails buy into every dip. Please do your own due diligence this is not financial advice. Blah Blah Blah. : )
Long
by NZ_Shareman
NZDJPY Is Showing Weakness after RBNZ Kept Rates UnchangedNZDJPY Is Showing Weakness after RBNZ Kept Rates Unchanged 🚨RBNZ kept the interest rate steady at 5.50%, as expected. After this decision, NZDJPY faced a strong sell-off and appreciated by nearly 88 pips NZDJPY also confirmed a bearish wedge pattern showing further downward movement. However, as I explained previously selling XXXJPY pairs carries a high level of risk. They will begin the bearish wave only when BOJ intervenes in the market. But with the current data, this is what NZDJPY is showing...a small bearish move. 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
10
Sell AnalysisNZD/JPY Sell Analysis Trade Idea: Sell NZD/JPY Entry: 98.400 1st Take Profit: Up to 97.500 2nd Take Profit: Up to 96.200 Rationale: Technical Analysis: NZD/JPY has faced resistance near the 98.400 level, indicating potential for a downward movement. Bearish Momentum: Recent price action suggests a decline from recent highs, supporting a bearish bias. Long-Term View: This trade reflects a broader bearish outlook on NZD/JPY, considering both technical indicators and market sentiment. Risk Management: Implement a well-defined risk management strategy, including stop-loss orders, to mitigate potential losses in volatile market conditions. Disclaimer: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The analysis provided is for informational purposes only and should not be considered as investment advice.
Short
by GODOCM