NZD . JPY MOVE UPBased on the trend behind and also the weakness of the Japanese yen , I think NZD.JPY will move up
NZDJPY trade ideas
POTENTIAL BUY HERE ON NZDJPYAfter a break of ltf resistance and retest of support I’m looking for higher prices. If the price breaks the trendline/88.900 and restest as support I will hold longer term.
✅NZD_JPY TIME TO BUY|LONG🚀
✅NZD_JPY fell again to retest the support of 87.800
But it is a strong key level
So I think that there is a high chance
We will see a bullish rebound and a move up
LONG🚀
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BUY SETUPDaily trend is an ascending channel, expecting a breakout and retest of the descending channel in 1H time frame, before we go long.
NZDJPYNZDJPY is moving on ascending support. So I can see a bullish trend. We will find and look for bullish entry in the coming week.
Bearish Flag on NzdJpyBearish flag pattern continuation identified for this pair, expecting to take short trades from Fib level 61.8%
NZDJPY Will Move Higher! Long!
Take a look at our analysis for NZDJPY.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 87.994.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 88.507 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.
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NZDJPYNZDJPY have made a high of 91.5. It has broken the 90 structural and a restest of the structure will present an opportunity to move towards the downside with a min target of 80.
On a higher TF , it is still trading below major trendline.
NZDJPY technical analysisShort term sell
What do you think
We taped into a 1hr fvg
Moved into lower 15mins timeframe saw a BOS and inducement waiting too retest that OB
NZDJPY: The November manufacturing PMI index in New Zealand incrNew Zealand's manufacturing PMI, also known as the BNZ BusinessNZ Manufacturing Performance Index, jumped from 42.9 points in October to 46.7 points in November and hit a 6-month peak, but is still in the range narrowed and was the 9th consecutive month below 50 points.
NZDJPYI like to simplify things here is the chart for NJ am really looking at two zones 87.700 break out and 88.500 if price decide to retest the level again for the second time again.
NZDJPY SHORTW, D, a nice setup for a short, as Audjpy already start, Nzd lagging behind, i will come with update with correlation AJ NJ
NZDJPY - Long active ✅Hello traders!
‼️ This is my perspective on NZDJPY.
Technical analysis: Here we are in a bullish market structure from daily perspective, so I am looking for longs. I expect bullish price action from here as price rejected from bullish order block + institutional big figure 88.000.
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NZDJPY H1 | Bounce off support linePrice is reacting off our buy entry which is a pullback support level at 87.951 . Our take profit is at 89.215, an overlap resistance level. Stop loss is at 87.548, which is a swing low support level.
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Short opportunityShort opportunity at Resistance Zone and Head & Shoulders Neckline Retest.
- Double top confirmation at 1h chart!
- 50 pips SL
- 30 pips Break-Even or TP1
- 70 pips TP
NZDJPY IdeaPotential for a bearish pullback on the NZDJPY pair, which could lead to a price movement towards the support level at 85.000 in the upcoming period.
NZDJPY IdeaPotential for a bearish pullback on the NZDJPY pair, which could lead to a price movement towards the support level at 86.000 in the upcoming period.
NZDJPY - H1 - SELL Setup.There is a supply zone created after recent price drop. It's not that good because it didn't break previous low, but it's worth to watch.
NZDJPY: Asian session market update: NZD decreased during the seNZD fell during the session, a report from Westpac cut its expectations for Q4 CPI to 3%. If inflation falls rapidly, it would mean the Reserve Bank of New Zealand does not need to keep interest rates 'higher for longer' and would therefore cut support for the NZD.
In addition, the Tankan Q4 report includes a survey of thousands of Japanese companies of all sizes, in many industries conducted by the Bank of Japan. Shows that the Japanese economy continues to improve, albeit slowly, and also shows that business inflation expectations remain above 2% (BOJ target) for 5 years!
USD recovered, EUR, GBP, CAD, AUD all decreased slightly. The market is now mainly waiting for the Federal Open Market Committee (FOMC).
Oil prices remain high, a draft global declaration at COP28 called for the world to transition away from fossil fuels by 2050.
NZDJPY to move higher from doji?NZDJPY - 24h expiry
Indecisive price action has resulted in sideways congestion on the intraday chart.
Further upside is expected.
RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending.
Risk/Reward would be poor to call a buy from current levels.
A move through 89.50 will confirm the bullish momentum.
We look to Buy at 89.15 (stop at 88.83)
Our profit targets will be 89.95 and 90.00
Resistance: 89.50 / 89.95 / 90.00
Support: 89.25 / 89.15 / 89.00
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