NZDJPY
NZDJPY BuyNzdjpy has taken a support on its H1 support level but as we are monitoring this pair we have a sell baised someway and thats the reason we have a trendline on H1 time frame if it goes down and touches this H1 trendline we will be buying this pair from there after a proper price action as markets are slow today but we are still in the market and monitoring this pair and will inshallah go long if we get any singla
NZDJPY support continues to hold back the bears.NZDJPY - 24h expiry - We look to Buy at 84.50 (stop at 84.05)
Previous support located at 84.41.
Previous resistance located at 85.00.
Price action looks to be forming a bottom.
Further upside is expected.
Dips continue to attract buyers.
Our profit targets will be 85.60 and 85.80
Resistance: 85.00 / 85.41 / 85.86
Support: 84.50 / 84.25 / 83.50
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NZDJPY: starting the final sell wave of the Head and Shoulders.NZDJPY is on neutral 1D technicals (RSI = 50.536, MACD = 0.110, ADX = 26.358) as the price is consolidating after a rebound on the 1D MA50. The rejection on the R1 Zone, is technically the Head of the Head and Shoulders pattern, a bearish formation seen on market peaks. This rebound is forming the Right Shoulder.
With the 1D RSI on Higher Lows for the whole year, we can't ignore the possibility of a fake Head and Shoulders formation, so the level which invalidates this is the LS overhead Resistance at 85.940. Under this, we will target the 0.236 Fibonacci level (TP = 81.550), which is a standard target for the price after rejections on the R1 Zone since April 2022.
Prior idea:
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Low Risk, High Return TradeA combo trade, this is what I call it.
A Bearish Shark Pattern appears on the M15 chart coinciding with the 1-hourly chart Wedge Pattern with a retest of resistance, allowing me to engage the trade base on the M15 chart but allow an extended target on the 1-hourly chart.
As good as it sounds, I'll be placing my stop loss as per usual and will not overtrade this.
NZDJPY remains in the box: short.I believe that NZD/JPY will likely continue trading within the current range because it has reached the upper boundary. Resistance naturally opposes upward movement, while support naturally provides a floor for prices. In this case, it is evident that we are facing a clear resistance level.
NzdJpy BuyNzdjpy is all set for buy position as M30 and H1 trendline show that for scalpers its best oppertunity for going long for this pair to H1 tree resistance level and the we will decide what next as on H4 the pair is forming a Head and shoulder pattren but if it fails it will go upwards rally to its daily Resistance level
NzdJpy Long Bias !!Good Day.
i've had my eyes on NZDJPY for a Long time now.
i'm looking at a potential Bullish reversal at the Support level which has a Demand Zone on H8 TF.
Price has been at this zone for about 24 hours with multiple Exhaustion Candles and now we have a potential Bullish
which may serve as a potential Confirmation for Entry for a BUY!
NZDJPY to find sellers at previous support?NZDJPY - 24h expiry - We look to Sell at 84.50 (stop at 84.90)
Previous support located at 83.50.
Previous resistance located at 84.00.
Broken out of the channel formation to the downside.
Further downside is expected.
Risk/Reward would be poor to call a sell from current levels.
Our profit targets will be 83.50 and 83.25
Resistance: 84.00 / 84.50 / 84.75
Support: 83.50 / 83.25 / 83.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
NZDJPY - DAILY TECHNICAL BIAS WITH FUNDAMENTAL BIAS
By now MARKET RISK is ON. Also, since NZD RATES are high, we expect NZDJPY to go UP again. We look forward to the future behavior of NZDJPY. The reason is because the interest rate of NZD is higher compared to JPY. NZD CPI DATA is also very high. LABOR DATA is also very POSITIVE for NZD. JPY may be somewhat WEAK in the next few days.
However, NZDJPY should be slightly BUY with upcoming JPY WEAKNESS.
Anyway, if the PRICE falls back on the NZDJPY MAIN SUPPORT LINE, you can BUY if the MARKET RISK ON continues. And 87.00 LEVEL can be BUY temporarily. Earlier NZDJPY was SELL due to strong JPY and MARKET SENTIMENT is RISK OFF.
Anyway, after that, you can definitely SELL at the 80.00 LEVEL. For that, MARKET RISK should be ON. STOCK UP, VIX DOWN, JPY WEAK.
NZDJPY to find sellers at psychological level?NZDJPY - 24h expiry - We look to Sell at 85.00 (stop at 85.36)
Previous support located at 84.50.
Previous resistance located at 85.00.
Broken out of the channel formation to the downside.
Reverse trend line resistance comes in at 85.50.
Further downside is expected although we prefer to sell into rallies close to the 85.00 level.
Our profit targets will be 84.10 and 83.90
Resistance: 85.00 / 85.25 / 85.50
Support: 84.50 / 83.75 / 83.50
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
NZDJPY LONG TRADE - SETUP H1 On NZDJPY, we have a price that is currently in the 84.48 area, where we have a demand zone. The price is creating a significant liquidity area there, and a long setup could potentially be formed to reach the 86.60 area, covering the entire market inefficiency.
Let me know what you think.
Happy trading to everyone.