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NZDJPY

💱NZDJPY - Symmetrical triangle in reversal set-upNZDJPY is forming a symmetrical triangle on the background that D1 is in the phase of forming a head and shoulders reversal set-up. TA on the high timeframe: 1) A head and shoulders is forming against support at 87.140 and resistance at 88.56. A strong enough pattern for a market reversal. 2) But! Consolidation is forming, which may send the price to 89.00 TA on the low timeframe: 1) A symmetrical triangle has been forming for the past two weeks. 2) The price cannot approach the support retest, because the liquidity at the bottom does not allow it. 3) The price is heading for the resistance retest. Two scenarios are possible. 4) The price can break through the resistance and form an impulse. Or a false breakout will be formed, consolidation below the resistance will give an entry point Key support: 86.700 Key resistance: 87.888
by AndeWave
11
NZD/JPY Technical Analysis! BUY! My dear subscribers, This is my opinion on the NZD/JPY next move: The price is coiling around a solid key level - 87.454 Bias - Bullish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Target - 87.932 Safe Stop Loss - 87.191 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
3
Kepp it easy NZDJPY Long Can go Above 101Trend Bullish Momentum bullish Pivozs bullish broken, we will make new Higher Highs If the NZD/JPY breaks the abovementioned price level, the next stop would be the 89.00 psychological level, as the pair gets on its way toward testing the 2015 high at 92.42. Conversely, the NZD/JPY first support would be the May 23 high at 87.31, which, once cleared, would expose the May 24 daily high turned support at 86.68. The following support levels would be the Tenkan-Sen line at 86.00 and the Kijun-Sen line at 85.56. Given that the Ichimoku cloud suggests the NZD/JPY is upwards, oscillators like the Relative Strength Index (RSI) indicate that the pair is approaching overbought territory, but its slope aims down. The three-day Rate of Change (RoC) shows buyers are losing momentum. LEVELS Previous Daily High 87 Previous Daily Low 86.07 Previous Weekly High 85.55 Previous Weekly Low 84.42 Previous Monthly High 87.31 Previous Monthly Low 83.44 Daily Fibonacci 38.2% 86.64 Daily Fibonacci 61.8% 86.42 Daily Pivot Point S1 86.32 Daily Pivot Point S2 85.73 Daily Pivot Point S3 85.39 Daily Pivot Point R1 87.25 Daily Pivot Point R2 87.59 Daily Pivot Point R3 88.18 NZ Dollar to Yen forecast by day Date Weekday Min Max Rate 04/07 Tuesday 88.10 90.78 89.44 05/07 Wednesd 88.79 91.49 90.14 06/07 Thursday 88.93 91.63 90.28 07/07 Friday 87.82 90.50 89.16 10/07 Monday 88.22 90.90 89.56 11/07 Tuesday 88.40 91.10 89.75 12/07 Wednesd 88.25 90.93 89.59 13/07 Thursday 88.63 91.33 89.98 14/07 Friday 89.44 92.16 90.80 17/07 Monday 88.61 91.31 89.96 18/07 Tuesday 88.22 90.90 89.56 19/07 Wednesd 89.21 91.93 90.57 20/07 Thursday 89.77 92.51 91.14 21/07 Friday 90.46 93.22 91.84 24/07 Monday 91.29 94.07 92.68 25/07 Tuesday 91.30 94.08 92.69 26/07 Wednesd 92.18 94.98 93.58 27/07 Thursday 92.22 95.02 93.62 28/07 Friday 91.94 94.74 93.34 31/07 Monday 92.06 94.86 93.46 01/08 Tuesday 92.01 94.81 93.41 02/08 Wednesd 92.59 95.41 94.00 03/08 Thursday 93.08 95.92 94.50 04/08 Friday 92.32 95.14 93.73 The NZD/JPY is still upward biased from a daily chart perspective, as the pair remains above the Ichimoku cloud.
Long
by DaveBrascoFX
2
NZD/JPY Trading Opportunity! BUY! My dear subscribers, This is my opinion on the NZD/JPY next move: The asset is approaching an important pivot point 87.48 Bias - Bullish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Target - 89.00 My Stop Loss - 86.39 About Used Indicators: The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
2
NZDJPY Is Bullish! Long! Please, check our technical outlook for NZDJPY. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 87.647. Taking into consideration the structure & trend analysis, I believe that the market will reach 89.204 level soon. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
NZDJPY: Use the 1D MA50 as the pivot level for your trades.NZDJPY is trading inside a Channel Up since March with the 1D timeframe neutral (RSI = 52.530, MACD = 0.380, ADX = 27.602) after last week's rebound on the 1D MA50. This tells us that this is the technical pivot and as long as it holds the new Higher Low for the Channel Up, hence a bullish signal targeting the R1 (TP = 89.675). If the price crosses under the S1 (86.235) this bullish signal will be invalidated and we will sell, targeting the S2 (TP = 83.550). An early sell confirmation may come when the 1D RSI crosses under its HL trendline. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
1
Analysis: NZD/JPY Trend-Following TradeAnalysis: NZD/JPY Trend-Following Trade Based on my analysis of the ongoing upward trend and the potential breakout of resistance in NZD/JPY, i have formulated a plan to follow the trend and enter a buy trade. Here is a breakdown of your trade plan: Currency Pair: NZD/JPY Entry Price: 88.994 Stop Loss (SL): 86.541 Take Profit (TP): 99.221 Upward Trend and Resistance Breakout: i have observed a continued upward trend in NZD/JPY, indicating strength in the New Zealand dollar against the Japanese yen. Additionally, i anticipate a potential breakout of a resistance level, suggesting a further bullish move in the currency pair. This trend-following approach aims to capitalize on the upward momentum. Entry Point (88.994): my chosen entry point is at 88.994. This entry price should be determined based on technical analysis, such as identifying key support and resistance levels, trend lines, or chart patterns. It is important to ensure that the entry point aligns with the ongoing trend and provides a favorable risk-to-reward ratio. Stop Loss (86.541): To manage risk, i have set a stop loss at 86.541. The stop loss level is placed below a significant support level or a point that, if breached, would invalidate the bullish scenario. It acts as a protective measure to limit potential losses in case the trade moves against your expectations. Take Profit (99.221): my take profit level is set at 99.221. This level represents your target for closing the trade and taking profits. It should be determined based on resistance levels, Fibonacci extensions, or other technical indicators that suggest potential areas where the price might encounter selling pressure or reach a significant target. Please note that market conditions can change rapidly, and it is important to continuously monitor price action and adjust your trade management accordingly. Additionally, consider fundamental factors, economic data, and geopolitical events that may impact the NZD/JPY pair. Remember to conduct your own comprehensive analysis and use proper risk management strategies to protect your trading capital. Following a well-defined trading plan and maintaining discipline are key elements of successful trading in the financial markets.
Long
by Jazzy_Qmolautsi
NZDJPY held the MA50 (1d) and can rise +7%NZDJPY is trading inside a Channel Up and Wednesday's contact with the MA50 (1d) resulted in a 3 day rebound so far. That was the latest Higher Low at the bottom of the Channel Up, the previous was also formed on the MA50 (1d). The two bullish legs have risen at least +7%. Trading Plan: 1. Buy on the current market price. 2. Sell below Support (1). Targets: 1. 92.300 (+7% rise to the top of the Channel Up). 2. 83.550 (Support 2). Tips: 1. The RSI (1d) is also trading inside a Channel Up. The recent bottom matches the one on the MA50 (1d). Please like, follow and comment!!
Long
by TradingBrokersView
7
NZDJPY sell. Don't forget about stop-loss. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade ====================================== #NZDJPY**SELL 🌷🎓Waves ScoUt Forex🎓🌷 At :88.15 SL :88.42**Risk**27pips TP :83.59**Reward**457pips🎯
Short
by wavesscoutforex11
NZDJPY to see a temporary move higher?NZDJPY - 24h expiry - We look to Sell at 88.80 (stop at 89.30) Broken out of the channel formation to the downside. Further downside is expected. Although we remain bearish overall, a correction is possible without impacting the trend lower. Risk/Reward would be poor to call a sell from current levels. A move through 88.00 will confirm the bearish momentum. Our profit targets will be 87.60 and 87.35 Resistance: 88.50 / 88.80 / 89.00 Support: 88.00 / 87.80 / 87.50 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.
Short
by VantageMarkets
Bearish Bets : 2 Key Reversal Patterns Signal Potential DownturnLooking at this pair, I'm getting the impression that a deeper correction might be imminent. Initially, the breakout from the 88 area wasn't convincing at all as it didn't exhibit significant follow-through, despite the fact that last week it touched a new high @89.700, marking the commencement of a Monthly SUPPLY/SELL zone. A solid signal that a reversal could be on the horizon is the last 2 out of the 3 weekly' candlestick patterns being key reversal indicators. With both a hanging man and a gravestone doji surfacing following a substantial rally in price, these are important markers of a likely correction. Considering the weak follow-through on the breakout, the bearish correction candlesticks, and the apparent trend exhaustion in the lower timeframes, I'm inclined to adopt a short-term bearish perspective. This might well be the result of profit-taking and position adjustment in anticipation of the BOJ announcement later this month. For the early part of this week, I'd like to see the price inching back up towards the 89 region. Then, I will wait for my TRFX indicator to give an entry signal on a lower timeframe chart such as a 2hr, 4hr, and so on, and subsequently establish a position. My first target will be the 87 level on this position, which corresponds to a previous swing high. The following target would be a descent towards the 85 area, a freshly established DEMAND/BUY level. This could be a desirable level for buyers to reenter for the long haul. Hope you enjoyed the read I will keep you updated.
Short
by TheFxAce
13
NZDJPY to see a temporary move higher?NZDJPY - 24h expiry - We look to Sell at 87.50 (stop at 87.90) Broken out of the channel formation to the downside. Further downside is expected. Short term RSI is moving lower. Risk/Reward would be poor to call a sell from current levels. A move through 86.75 will confirm the bearish momentum. Our profit targets will be 86.50 and 86.25 Resistance: 87.00 / 87.50 / 88.00 Support: 86.50 / 86.25 / 86.00 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.
Short
by VantageMarkets