NZDJPY trade ideas
HIGH PROBABILITY SWING TRADE ON NZDJPYAs we can see that double bottom pattern has been formed at the daily AOI on NZDJPY after the break and retest of the neckline we can look for buying opportunities.
TP1 - 92.653
TP2 - 93.372
Confluence of Technical Indicators Suggests Bullish On NZDJPYThis analysis highlights a potential bullish opportunity emerging from the convergence of three significant technical indicators:
Broken and Retested Resistance: The price level at ~91.148, which previously acted as resistance, has been decisively broken and subsequently retested. This retest transformed the resistance level into a crucial support zone, suggesting buying pressure at this level.
Supportive Weekly Trend Line: The price is currently approaching a supportive weekly trend line. This line, formed by connecting swing lows on the weekly chart, often acts as a significant support level. The proximity of the price to this trend line indicates potential buying interest, as market participants might anticipate a bounce from the trend line.
Potential Monthly Pivot Point Break: While not confirmed yet, a break above the monthly pivot point could add further bullish confirmation. Pivot points are often used by traders to identify potential support and resistance levels.
Confluence of Technicals:
The confluence of these three technical indicators strengthens the bullish case. This suggests that the price may encounter significant support at this level, potentially leading to a bullish reversal.
It is important to remember that this analysis is for informational purposes only and should not be considered as trading advice. Always conduct your own research and due diligence before making any trading decisions.
NZDJPY - BuyNZDJPY is forming a double bottom reversal pattern with a bullish divergence which shows that there are chances that the price may go up when it breaks the previous lower high.
We'll put the buy stop at the point with proper stop loss and take profit.
HEAD AND SHOULDER PATTERNI really don't know which position to take, as it is an uptrend but has formed a bearish H&S Pattern on the 4hr timeframe. Probably lower time frames will give better insights but I will also support suggestion. Thanks
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.
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
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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.
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shortThe market has strong momentum toward the sellers side, it will touch above level and will go down
NZD/JPY SHORT FROM RESISTANCE
Hello,Friends!
The BB upper band is nearby so NZD/JPY is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 91.984.
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NZDJPY SHORT DAILY TIME FRAME NZDJPY looking for short but there is big but if market break the neck line of perfect head and shoulder daily time frame
🇳🇿 NZDJPY 🇯🇵 - Breakthrough of the structure for further groThe currency pair is breaking the structure and preparing for further growth. The target at the moment is the resistance 93.4. The bullish trend, as well as the weak yen favorably influences the New Zealand dollar.
Reasons for further growth:
1) Correction phase ends in an area of strong liquidity
2) False support breakout
3) Consolidation relative to PDH
4) Bullish trend
Uptrend for New Zealand Dollar to Japanese YenThe price can move up by hitting the entry point OANDA:NZDJPY
NZDJPY..SHORTOANDA:NZDJPY SHORT position can be taken in the specified ZONE
There is no position before the ZONE
Enter the first line only with Hamer's approval
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.
Bullish Looking for price to retrace back down towards daily support to then push towards the upside. This is definitely a swing trade so be patient with it.
NZDJPY Shows Bullish Signs with Support Zone BreakthroughHello Everyone,
The NZDJPY has discovered support as it entered the daily support zone, closing above both the daily and monthly pivot points. These developments signify a positive indication that the upward momentum is likely to persist.
TradeWithTheTrend3344
NZDJPY - Upside move ✅Hello traders!
‼️ This is my perspective on NZDJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for a long. I expect bullish price action from here as price rejected from support zone. My target is buy side liquidity.
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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.
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NZDJPY - longsilly me forgot to post idea as soon as I entered
Anyways Im posting on 15min to make this idea public.
I did analysis on the 1h tmfr and entry on 3min tmfr
Just trying to profit off of small price movements
NZDJPY: Bullish Continuation & Long Signal
NZDJPY
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy NZDJPY
Entry - 91.665
Stop - 91.297
Take - 92.496
Our Risk - 1%
Start protection of your profits from lower levels
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NZDJPY BUYWe tapped down into the 1m OB within a 1hr OB and got a BoS at the 1m
Targeting the unswept asian high
