NZDJPY: Very Bearish Outlook Explained📉NZDJPY has developed a significant head and shoulders pattern on a 4-hour chart.
The neckline of the pattern was breached and closed below.
I anticipate a downward trend now, with a target set at 89.82.
NZDJPY trade ideas
NZDJPY: Classic Bearish Pattern 🇳🇿🇯🇵
NZDJPY formed a huge head and shoulders pattern on a daily time frame.
We see a confirmed neckline violation, with a daily candle close below that.
The pair may continue to fall.
Next goal - 90.0
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NZDJPY H4 | Potential bullish breakoutNZDJPY is rising towards a pullback resistance, price could breakout and rise to take profit level.
Buy entry is at 90.972 which is a pullback resistance that aligns closely with the 23.6% Fibonacci retracement.
Stop loss is at 90.502 which is a level that lies underneath an overlap support.
Take profit is at 91.842 which is a pullback resistance which also aligns with the 50% Fibonacci retracement.
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Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
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Losses can exceed deposits.
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The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Nzdjpy sellsThe 93.4 are it touched is a very strong suplly zone that has been retested after a long time of compressed rise. It looks like a fast drop when it gets out of the channel
NZDJPY Channel - Are we going Long soon?Hi everyone,
Technical Trader here.
Awaiting confirmation on the Daily and (maybe Weekly) to see whether we can fill the Monthly candle stick wick. Price approached the yearly mark (Jan 2014) and was rejected.
Clear Channel, but could it break?
I've not got a bias on this one just yet, but I will be watching over the next few days.
Bullish IdeaThe pair seems to have corrected nicely and may have found support for a swing to the upside again. RSI is oversold and price is at the bottom of the 4h upward trend line. The over all trend is also bullish.
NZD/JPY: Support Amid Bullish OutlookHello Everyone,
Despite the recent decline in NZD/JPY, higher timeframes ranging from 1 day to 1 year continue to indicate a favorable stance for a buy position. However, it's important to exercise caution at this juncture as the price is currently below the monthly, weekly, and daily pivot points, which have recently acted as resistance levels. Presently, the weekly support level is being tested, with a robust support zone identified at 90.421 on the weekly timeframe, aligning well with monthly supports at 90.896, 90.512, and 90.128, and a strong monthly support noted at 88.975. Should the support around 90 falter, the full monthly support could be tested. Nevertheless, the bullish outlook remains intact.
TradeWithTheTrend3344
NZDJPY - Wait for the retracement ✅Hello traders!
‼️ This is my perspective on NZDJPY.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I want price to make a retracement to fill the imbalance and then to reject from bearish order block.
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NZDJPY H4 | Potential bullish breakoutNZDJPY is rising towards the pullback resistance level and it might breakout of the resistance and climb to take profit level.
Entry: 91.808
Why we like it:
There is an pullback resistance.
Stop Loss: 90.978
Why we like it:
There is a pullback support which aligns with 61.8% Fibonacci retracement.
Take Profit: 93.327.
Why we like it:
There is a swing-high resistance
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.
Bearish OpportunityJPY is still strong and it seems NZD is loosing value, 4h is overbought and 1h trend has become bearish and has teste the top the trend line. Price is below MA's and has had a bearish cross.
Nzdjpy SetupThis is my Setup to go Short on NZDJPY on 1 Hour time-frame. So let's see how market behaves. Remember to look for LTF confirmation before taking order.
NZDJPY The Target Is UP! BUY!
My dear subscribers,
NZDJPY looks like it will make a good move, and here are the details:
The market is trading on 91.313 pivot level.
Bias - Bullish
My Stop Loss - 90.950
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish ) continuation.
Target - 92.129
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.
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WISH YOU ALL LUCK
NZDJPY - LONGHello all! The big bullish divergence combined with demand zone on the 1H Timeframe. After closing a big bullish candle we could have a look for a entry. Please consider this only like an idea.
NZDJPY downIt is based on indicators, on H4 and daily S/R.
It is no financial advice. I am not a profi.
NZDJPY M30 / Long Trade Idea Intraday✅ Hello Traders!
This is my idea related to NZDJPY M30. I expect to see a bullish move until the price of 91.600. The JPY Basket is still bearish and I consider this argument an opportunity to look for a long entry on NZDJPY. Mos probable the price will hit the OB level.
Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives.
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NZD/JPY H1 | Potential bearish breakoutNZD/JPY has broken below a potential breakout level and could drop lower from here.
Sell entry is at 91.126 which is a potential breakout level (wait for the current 1-hour candle to close below 91.126 for confirmation of the bearish breakout).
Stop loss is at 91.450 which is a level that sits above a pullback resistance.
Take profit is at 90.605 which is a pullback support that aligns close to the 161.8% Fibonacci extension level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
NZDJPY: Descending channel - Very RiskyNZDJPY: Descending channel - Very Risky
Price completed a "Descending Channel" and so far we can also see a bullish breakout.
It is very risky as forecast because JPY pairs are moving these days anyway
it can work well as it is in line with the big trend.
Strong resistance zones will be found near 91.55 and 91.75
Do your work before initiating any trade!
You may find further details in the chart!
Thank you and Good Luck!
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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.
