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JAPANESE YEN / NEW ZEALAND DOLLAR

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JPYNZD trade ideas

Short on NZDJPY full analysisIt's much simpler than it looks... 1. The ascending channel (left) has broken downward. 2. The price went back up in an ascending channel, and tested the breakout. 3. A sharp downward breakout, with an Engulfing candle, creating a descending channel. The target according to this candle is at 88.923 4. Another Engulfing candle, rising this time from the bottom of the channel, and its target - at the top of the green triangle 90.445 The upper point combines between: (a) A significant price point (I marked it long before the move happened) (b) Pullback to 0.786 Fibonacci, which is an excellent correction to the red Engelping candle. (c) The upper border of the descending channel. If indeed at the upper point, conditions will be created for shorting - this seems to be an excellent point with a good risk versus profit range. It is important to note - it is not necessary for the price to rise again to that point, the conditions are more suitable for the short. 90.334 is an important resistance point on the way up. 89.372 is an important support point on the way down.
Short
by koolmus
2
NZDJPY: After BOJ...NZDJPY: After BOJ... Following the January policy meeting, the Bank of Japan (BoJ) left policy settings unchanged as expected. The interest rate and the 10-year Japanese government bond yield target are maintained at -10bps and 0%, respectively. The BoJ also held the yield curve control (YCC) strategy steady by allowing 10-year government bond yields to move up to around 1.0% - as repored by fxstreet For the moment JPY pairs reacted bearish. Everything was according to the expectations. We can see the bearish wave to begin again not because the BOJ is taking further steps but because the market is waiting again for BOJ to do any big sell again as they did during the previous month. For the moment the pattern is bearish. You may find more details on the chart. Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by KlejdiCuni
2
Short in NZDJPYI am currently in a short position on the NZDJPY currency pair. This decision is based on the technical and fundamental analysis I have conducted, which indicates that the price has reached a key supply zone. Upon careful observation of the chart, I have identified that the price has reached a significant resistance level, suggesting a high probability that the bearish trend will continue or even intensify. Furthermore, the technical indicators support this outlook, showing bearish divergences and signs of bullish exhaustion. Additionally, considering the fundamental landscape, the Japanese economy exhibits signs of strength, while New Zealand's economy is in a relatively weaker position. This could translate into increased demand for Japanese yen and downward pressure on the New Zealand dollar. In conclusion, my current strategy involves maintaining a short position on the NZDJPY, capitalizing on the supply zone and the technical and fundamental signals that support a bearish trend. I will closely monitor market movements and adjust my trading plan accordingly to maximize profits and effectively manage risks.
Short
by JuanHernandez
NZDJPY, Personal Favorite Model for Selling Short this PairHello Traders, Hope you Guys are enjoying your Holidays during this winter season. i just came across one of my favorite model trade setup on NZDJPY pair for selling short above 90.43 and target around 87.70 or below levels with a Solid stoploss placement at 91.52 level. This is going to take time to pan out as we are in slow mode and holidays period of the calender year. so have patience and risk little % of your capital . Wish you a Very Merry Christmas's and Happy New Year Rizwan Ali
Short
by Rizwan-Ali
NZDJPY: Bullish Divergence and Fib Retracement Signal Potential📈 Overview: NZDJPY, amid a bullish trend, shows a bullish divergence near its higher low. The current retracement from the 0.618 Fibonacci level suggests potential upside. 📊 Technical Analysis: Bullish divergence and retracement from 0.618 indicate a favorable risk-reward ratio for potential long positions. 📉 Trade Strategy: Traders may consider long positions, with entry near the current retracement level, anticipating an upward move. 🛑 Risk Management: Mitigate risks with stop-loss orders to protect capital in case of unexpected price movements. 📈 Conclusion: NZDJPY offers a concise opportunity for further upside, supported by bullish signals. Monitor for confirmation and adjust positions accordingly.
Long
by miansarimhameed
NZDJPY Hello friends In the NZDJPY currency pair we see the formation of a triangle. Triangles always appear in wave 4 or B in a zigzag. Considering that the previous wave of this triangle is a complete 5-wave, then we are facing a zigzag. Usually, in triangles, a wave can be a triangle or a zigzag. But weakness in wave E is always accompanied by overlapping and absence of strong candles, all of which are visible. Therefore, our trading plan is to enter a sell trade with the condition of breaking the upward trend line at the bottom of this triangle. Dear friends, if you want to know about my analysis quickly, please install Mobile Trading View software on your phone. Thank you for your support, likes and boosts. Be successful and profitable.
Short
by M_Gheysvandi