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NZDJPY

NZDJPY to correct higher?NZDJPY - 24h expiry - We look to Buy a break of 82.50 (stop at 81.75) Previous support located at 82.00. Previous resistance located at 82.50. The selloff is close to an exhaustion count on the intraday chart. We expect a reversal in this move. A move through 82.50 will confirm the bullish momentum. Our profit targets will be 84.00 and 84.50 Resistance: 83.00 / 84.00 / 84.50 Support: 82.00 / 81.75 / 81.50 Risk Disclaimer 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. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
NZDJPY Potential downsidesHey Traders, NZDJPY was trading in an uptrend and then we had a massive breakout due to JPY strength. the environment in the Forex market is dangerous due to the current sentiments, all central banks are expected to hike rates. so in this type of environments the market consider the safe havens including CHF and JPY. and that's the reason of NZDJPY breakout. Technically we have noticed a breakout on the uptrend so we will consider a potential short opportunity around 82 supply and demand zone at the retrace area. Trade safe, Joe.
Short
by JoeChampion
10
NZDJPY - DAILY TECHNICAL BIAS WITH FUNDAMENTAL BIAS#NZDJPY 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 81.79 LEVEL can be SELL temporarily. Earlier NZDJPY was SELL due to strong JPY and MARKET SENTIMENT is RISK OFF. After that, you can definitely BUY at the 89.50 level. For that, MARKET RISK should be ON. STOCK UP, VIX DOWN, JPY WEAK.
by benny_marshall
1
NZDJPY to find support at strong support?NZDJPY - 24h expiry - We look to Buy at 83.75 (stop at 83.00) Previous support located at 84.00. Previous resistance located at 84.50. The move lower is mixed and volatile, common in corrective sequences. We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. A move through 84.50 will confirm the bullish momentum. Our profit targets will be 85.25 and 85.50 Resistance: 84.50 / 85.00 / 85.25 Support: 84.00 / 83.75 / 83.50 Risk Disclaimer 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. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
NZDJPY - EASY 400pip Trade Setup!NZDJPY has recently completed its bullish wave and now we are in bearish territory. We can see that we're in wave 2, which is an ABC correction. We have a leading diagonal for Wave A which we've almost completed. We're looking for one more move up to complete the leading diagonal and then we'll be looking for a big SHORT. Trade Idea: - Watch for price to move up once more to reach the 618 fib and leading diagonal resistance - Risk entry on rejection of the above - Safe entry on break of the red trendline - Targets: 83 (250pips), 81.2 (420pips) We may bounce off the structure level for a Wave C so do keep an eye out for the bounce! Goodluck and as always, trade safe!
by WicktatorFX
1
NZDJPY bullish continuation 02 Mar 2023I don't think I need to explain what I am saying, my H2 chart says it all. Briefly, I see 2 impulsive bullish moves followed by a period of consolidation. A breakout from the current equidistant channel should see the next bullish move. Nothing is 100% in trading, so as always, use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content. What do you think about this trade idea? Please comment and share your thoughts!!
Long
by Trading_Vista