The NZD/JPY pair has fallen by 920 pips over the past 15 days. Such a significant and sustained decline is unlikely to continue indefinitely without a corrective pullback. Currently, the price has halted its downward momentum and is beginning to reverse near my key area of interest. Key Confluences: The pair is rebounding off a descending trend line that has...
Here is the second entry point for me on this asset. Still trying to catch the pullback. Need to secure it very fast because the momentum is huge but can lead to a big win trade. Great Trade !
Rumoured Japanese intervention shocked markets Post CPI. For the fall to be sustained, more intervention, or significant rhetoric change would be needd PRE BOJ meeting EOM. Here's my preferred strategy.
A monster rally in the Yen is creating some extreme technical readings across the entire JPY complex. Of note is the Kiwi/Yen cross (NZD/JPY) A pullback of 7 cents from 99 to 92 has brought prices back into trendline support from 2020. Not suggesting you try to catch falling knives, but in the forex space, a methodic and patient building of a position of size...
NZD/JPY is falling towards a support level which is a pullback support and could bounce from this level to our take profit. Entry: 93.53 Why we like it: There is a pullback support level. Stop loss: 92.44 Why we like it: There is a pullback support level which aligns with the 78.6% Fibonacci retracement. Take profit: 95.10 Why we like it: There is an overlap...
Take a look at our analysis for NZDJPY. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 94.587. Considering the today's price action, probabilities will be high to see a movement to 94.204. P.S We determine oversold/overbought condition with RSI...
✅NZD_JPY broke the key Horizontal level of 95.500 Which is now a resistance And is now making a pullback After the retest of the level So we are bearish biased And we will be expecting A strong bearish continuation SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! NZD-JPY is trading in a Local downtrend and the Pair broke the key horizontal Level of 95.500 which is now A resistance, then made a Retest and is going down Which reinforces our bearish Bias and makes us expect A further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
The up trend that commenced in March has stalled a bit and price is retracing. Support could come at the 95.50 area and the 50% retracement of the recent bullish move is also nearby. At this point I have no interest in shorting this pair. IMO the bulls will regain control of this market and I want to trade long when there is evidence of that happening. This is...
Hello, Friends! NZD/JPY pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 1D timeframe the pair is going down. 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 96.950 area....
NZD/JPY has broken below its previous consolidation zone, indicating a potential continuation of the bearish trend. Traders should watch for a strong downward movement as the pair gains momentum.
NZD/JPY is falling towards an extreme support zone which the price has been respected multiple times. I believe a bounce could lead the price to rise to the upside
✅NZD_JPY is about to retest a key structure level of 95.24 Which implies a high likelihood of a move up As some market participants will be taking profit from short positions While others will find this price level to be good for buying So as usual we will have a chance to ride the wave of a bullish correction LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Balance of buyers and sellers on the NZDJPY pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the buyers, therefore is it only natural that we go long on the pair. ❤️ Please, support our work with like & comment! ❤️
Price sharply breaks the trendline and closes below with a fair value gap (FVG). Initiate short positions near the FVG or market structure shift zone (MSS).
Pair Name : NZD/JPY Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ 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 ( Short ) Type : Mid Term Swing ——————————— 🦸♀️Bearish Break 98.350...
My dear friends, Please, find my technical outlook for NZDJPY below: The instrument tests an important psychological level 98.272 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 98.598 About Used Indicators: Super-trend indicator...
The NZDJPY has been trading within a Channel Up pattern since the March 24 2023 bottom and today just made contact with its top (Higher Highs trend-line). We expect a strong rejection, similar to July 05 2023 that pulled-back all the way to the 0.5 Fibonacci retracement level and the 1D MA100 (green trend-line). As a result, we treat today's rejection as a strong...