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JAPANESE YEN / NEW ZEALAND DOLLAR

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JPYNZD trade ideas

Sell NZDJPY Triangle BreakoutA bearish triangle pattern has emerged on the NZD/JPY 30-minute chart, signaling a potential decline in the pair's value. Key Points: 1. Triangle Breakout Pattern: The pair has been consolidating within a triangle formation, characterized by converging support and resistance lines. This often indicates indecision before a decisive move. 2. Sell Entry Opportunity: A break below the lower support line of the triangle, around 90.10, could signal a bearish breakout and offer a potential sell entry. 3. Bearish Targets: If the breakout materializes, initial bearish targets could be found at the support levels of 89.56 and 89.20. 4. Resistance Level: The resistance level at 90.40 may act as a barrier to further upward movement, reinforcing the potential for a downside breakout. 5. Risk Management: A stop-loss order could be placed above the upper resistance line of the triangle to manage risk in case the breakout fails. Fundamental Updates : Weaker New Zealand Trade Data: New Zealand's trade deficit widened in December, potentially weakening the Kiwi Dollar against the Yen. Risk Aversion: Recent geopolitical tensions and concerns about global economic growth could trigger risk aversion, pushing investors towards safe-haven currencies like the Japanese Yen. Thank you
Short
by KABHI_TA_TRADING
1
NZDJPY Will Go Higher From Support! Long! Here is our detailed technical review for NZDJPY. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 90.081. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 90.560 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
Symmetrical Triangle on NZD/JPY @ H4As you can see, the long-term upward trend in NZD/JPY has consolidated into a symmetrical triangle pattern on the H4 chart. I will use this formation for a trend-continuation breakout setup. My potential entry is marked with the cyan line, which is located at 10% of the triangle's base width above the upper border. My take-profit will be at the green line, which is located at 100% of the triangle's base width above the upper border. I will set my stop-loss to the triangle's lower point (90.348). I will ignore downside breakouts from this trend-continuation pattern.
Long
by AndriyMoraru
Navigating NZDJPY: Exploring Bullish ProspectsOANDA:NZDJPY is presently exploring the Point of Control Zone for this month, presenting a potential bullish opportunity. The strategy involves validating the market's response to this zone, anticipating a rebound towards the 90.800 highs. Key to execution is monitoring volume dynamics, serving as a crucial entry signal. The volume's confirmation will provide insights into the market's consensus on the desired price direction. My bullish bias for this market came from the Daily Chart that show a significant rejection on the 90.200 level. As always, remember to react, don't predict. Cheers
Long
by Atan_235
NZDJPY: ITS TIME TO SELL WHEN THE ASSET WILL OPENNZDJPY: ITS TIME TO SELL WHEN THE ASSET WILL OPEN The Technical Indicators, Fundamental and Technical Analysis, Chart Pattern clear represents the fall in the price of the NZDJPY. Following may be the strong sell targets. DOWNTREND SUPPORT FORECASTED LOW RISK TARGET 88.612 MEDIUM RISK TARGET 87.758 Note: Keep following me for more updates and information about different pairs of the market like as; crypto, forex, indices, futures and also the different stocks.
by Forex_Analysis_Wing
4
Brave NZDJPY sellers push the market downIt's been risky selling against JPY lately. However when opportunity comes we have to take it no matter the history of price action. NZDJPY reached significant daily resistance on 11th of January. Price retraced back down and failed to reached previous high on the push up. H8 closed bearish and H1 had a bearish engulfing candle pattern indicating some more sellers have entered the market and that we might ride the price back to lower support.
Short
by vitowodenik
NZDJPY Hello friends In the NZDJPY currency pair, we see a 5 wave downtrend. Then we see a rise in the majority of a correction. 5 corrective waves are usually wave A of a zigzag. We observed and counted a 5 wave in the dominant wave A. Wave B has corrected 61.8% of Wave A. Therefore, we are waiting for another wave in the majority of wave C. If you look at the time frame above, we see a triangle and this wave is consistent with the structure of the triangle, which is 3-3-3-3-3 waves and includes zigzags and... Therefore, we enter the transaction with more confidence than our analysis. Be successful and profitable. Our group reached more than 100 members, congratulations to all members. Hoping to become 1000 members.
Short
by M_Gheysvandi
NZDJPY H4 | Potential bearish momentumNZD/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 90.123 which is a pullback resistance. Stop loss is at 90.580 which is a level that sits above a pullback resistance. Take profit is at 89.709 which is a pullback support that aligns close to the 50.0% Fibonacci retracement 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. 67% 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. 72% 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.
Short
by FXCM
1
NZDJPY LONG TREND BASE TRADEThe market trend is bullish on daily charts, and we're currently at a key horizontal support. The daily candle shows rejection, and examining the one-hour chart reveals a formed double bottom pattern with a broken neckline above. An additional confirmation is a trend line that, when touched previously, caused downward movement; now it has broken above. So, with a double confirmation, we'll enter the trade at the neckline of the double bottom pattern on the retest. Entry 90.13 Stop loss 89.75 Targets 90.74 & 90.95
Long
by ArtOfTrading33
1