Higher Time Profiles Can Be Used For Support and ResistanceSupply and Demand Zones use volume profile and cumulative volume delta and rocket.
NZDJPY trade ideas
NZDJPY The Target Is UP! BUY!
My dear followers,
I analysed this chart on NZDJPY and concluded the following:
The market is trading on 86.858 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 88.100
Safe Stop Loss - 86.123
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
NZDJPY: Bearish Forecast & Bearish Scenario
The price of NZDJPY will most likely increase soon enough, due to the demand beginning to exceed supply which we can see by looking at the chart of the pair.
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NZDJPY - 4hrs ( Buy Trade Target Range 240 PIP ) Pair Name : NZD/JPY
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
Key Technical / Direction ( Long )
Type : Mid Term Swing
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Bullish Break: 88.100 Area
Reasons:
Major Turn Level
Visible Range HVN
Fixed Range Value
Day/Week High Area
CHoCH Zone
Bearish Reversal: 90.000 Area
NZDJPY buy tradeNZDJPY BUY STOP
Entry point :- 88.436
Stop lose :- 86.195
Risk :- 0.25% / 2x
Target 1 :- 90.6770
Target 2 :- 92.9180
Target 3 :- 95.1590
Target 4 :- 97.4000
NZDJPY IS PRINTING REVERSALTechnically:
NZDJPY is printing Double Bottom
NZDJPY is printing bullish divergence
ZXY Bullish
JXY Bearish
Fundamentally:
COT Data shows NZD is Bullish
Sentiments:
NZDJPY IS 93% Bullish
NZD/JPY - Long- 1:3RR tradeI've entered a long position on NZD/JPY following a breakout above the trendline. A 30-minute candle closed above the resistance level, after which the price retraced to test and confirm the former resistance as new support.
Bearish reversal off the 38.2% Fibonacci resistance?NZD/JPY is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support which is an overlap support.
Pivot: 88.22
1st Support: 86.65
1st Resistance: 89.27
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
NZDJPY: Weak Market & Bearish Continuation
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the NZDJPY pair which is likely to be pushed down by the bears so we will sell!
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NZD/JPY LONG FROM SUPPORT
Hello, Friends!
NZD/JPY pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 1H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 87.117 area.
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NZDJPY FORECASTINGThis pair is looking good guys! watch this video to see the scenarios that I have covered
NZD/JPY BUY!There is a bullish divergence on the NZD/JPY, which indicates a possible trend reversal. Consider buying above the previous lower high for confirmation.
NZDJPYWe are in favor of buying New Zealand against the Yen, and to confirm buying it, we wait for the trend to be broken and the trend to be retested, and then it rises to specific targets.
ANTICIPATING TRADING THROUGH MARKET SENTIMENTSNZDJPY pair selected after checking on market sentiments and found it above 90%.Checked following checklist to follow trading strategy:-
1. Bearish trend
2. Bullish Divergence
3. No Continuation pattern
4. Falling wedge bullish reversal pattern
5. Bullish AB=CD harmonics pattern
6. Anticipated that bullish trend is starting, and initiated two trades through buy stop
NZDJPY WILL GO UP!Order block is between 86.411 and 86.279
Entry point :- 86.414
Take profit :-86.805
Stop loss :-86.223
NZDJPY WILL GO UP!Order block is between 86.411 and 86.279
Entry point :- 86.414
Take profit :-86.805
Stop loss :-86.223
Nzdjpy trade idea #nzdcad #nzdjpy #eurusd #xauusdNzdjpy break the trendline and currently taking support from previous level if it give any bullish move then we trade from uper support level after pullback
Why NZD JPY is pulling back & setting up for another run!
NZD JPY broke out today in Thursday Asian currency trading.
But like anything in life......you need to take a breather....before setting up and running again.
We feel it has pulled back to a Fib level to attract more buying & with a tiny bit of luck but probably none required.... it will be on the move again.
Heading into 38.2% Fibonacci resistance?NZD/JPY is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support which is also an overlap support.
Pivot: 88.22
1st Support: 86.65
1st Resistance: 89.17
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
NZDJPY Falling (NZD Weakness)Risk appetite follows JPY strength post US data today.
Traders preferring to get rid of NZD longs, same for AUD.
Would not be surprised if we see further drifts into lows.
NZDJPY 4H bears waterfall..The global economic turmoil has impacted all countries, and New Zealand is no exception. As a result, the nation is experiencing slow growth, which is reflected in a weak NZD. China, one of New Zealand's largest trading partners, contributes to this issue. However, there was some improvement noted in the GDP for the March quarter, which rose by 0.2% compared to the previous quarter. Additionally, with inflation at 3.3%, the RBNZ is in a delicate position, attempting to manage inflation without hindering economic growth. Adjusting interest rates—whether cutting or raising them—will inevitably affect economic stability.
Typically, the JPY strengthens during times of global uncertainty, earning its reputation as a "safe haven." This trend may be contributing to the decline of the NZD, as risk aversion continues to influence the markets.
From a technical perspective, the price has experienced a significant drop from 91.654, resembling a free fall. The EMA (21) has effectively served as dynamic resistance. Currently (20:10 AEST), bulls are attempting to hold their ground, but I do not see any bullish momentum that could alter the price direction significantly. The new support level at 86.638 does not appear robust enough to withstand bearish pressure, although there may be some reaction since the RSI is just above the 30 level and poised to enter the oversold territory.
