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NZDJPY trade ideas

NZDJPY: Time To Rise AgainNZDJPY: Time To Rise Again During the last 6 days, the price created a strong support zone near 0.8925 The fact that the BOJ did nothing to support its economy during the monetary policy meeting is not helping the JPY to strengthen. NZDJPY on the other hand faced a strong support area near 0.8925 showing very strong buying interest, despite the ugly shape that the price went down in that area. NZDJPY is likely to rise further these days. However, we must be careful during the holiday season. Stochastic is still showing a bullish continuation move as it has not yet reached the overbought zone. Thanks and good luck!
Long
by KlejdiCuni
4
NZDJPY Pump and dump in action.The NZDJPY pair is trading within a Channel Up pattern using the 1D MA50 (blue trend-line) as a pivot point as of late. We can see a diverging (dotted) Channel Up that has priced the recent Higher Highs as well as being supported by the 1D MA200 (orange trend-line). The 1D RSI has rebounded on the 39.90 Support level, which is where the last two Higher Lows has been priced, while the 1D MACD just formed a Bullish Cross. This is a buy signal and our target is the top (Higher Highs trend-line) of the dotted Channel Up at 91.800. We are waiting for a sell after the 1D RSI gets rejected near the 73.40 Resistance, and we will target the bottom of the longer term Channel Up at 88.900. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
NZDJPY H4 | Potential bearish breakoutThe price of NZDJPY could continue with the downtrend and breakout of the sell entry and reverse to the take profit level. Sell entry is at 90.081 which is an overlap support. Stop loss is at 90.416, which is an overlap resistance. Take profit is at 89.215, which is the overlap support that aligns with the 0.618 Fibonacci projection level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
NZDJPY Will Go Higher From Support! Buy! Here is our detailed technical review for NZDJPY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 89.663. The above observations make me that the market will inevitably achieve 91.001 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
Trade report of 22-12Action: CHFJPY: a buy range entered at 166,500 with a target of 170.5. NZDJPY : buy range entered at 90.0 with target 91,623 News: The British economy shrank in the third quarter, according to a negative adjustment. This increases the chance of a recession. An earlier estimate assumed that gross domestic product would have remained unchanged in the third quarter. That was expected again. The previous growth figure of 0.2% in the second quarter has also been reduced. According to the new figures from the British statistical agency ONS, there was no growth in that quarter. The negative adjustment means the British economy is heading for a technical recession – two quarters of contraction in a row – or an even longer downturn. In October the economy already shrank by 0.3% compared to the previous month. This would mean that this loss would have to be made up in the remaining two months. That is not possible in the manufacturing industry. The purchasing managers index for the services sector did show growth in November and December. The personal consumption expenditure price index turned out to be more favorable than previously thought. A price increase of 2.8% was expected compared to November last year, but the increase amounted to 2.6%. In October it was still 3%. This means that inflation is once again weakening more than expected. The so-called core PCE also fell more than expected by 3.2% compared to an expected 3.3%. Compared to a month earlier, this core inflation - adjusted for volatile energy and food prices - amounted to 0.1%. That is better than the 0.2% that was expected and equal to the percentage from a month earlier. The better-than-expected inflation figures are favorable for the financial markets, which have recently strongly anticipated interest rate cuts in 2024. If inflation falls further, there will be room for a lower policy interest rate, for example if economic conditions deteriorate. It is the sixth month in a row that core inflation in the United States has fallen below 4% and it is not the first time that it has fallen more than expected. The peak of the middle of last year is very clearly behind us.
by Probeleg
NZDJPY H4 | Approaching 50% Fibo supportNZD/JPY is falling towards a pullback support and could potentially bounce off this level to rise higher towards our take profit target. Entry: 89.019 Why we like it: There is a pullback support that aligns with the 50.0% Fibonacci retracement level Stop Loss:88.461 Why we like it: There is a pullback support that aligns with the 100.0% Fibonacci projection level Take Profit: 90.405 Why we like it: There is a pullback resistance level 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.
Long
by VantageMarkets