NZD
FUNDAMENTAL BIAS: BULLISH
1. The Monetary Policy outlook for the RBNZ
At their Oct meeting, the RBNZ delivered on expectations to raise the OCR to 0.50%. As the hike was already fully priced, the lack of new hawkish tones we saw a textbook buy-the-rumour-sell-the-fact reaction in the NZD pushing lower. There was additional focus on the RBNZ expecting...
the quarter Interest rate on Newzealand dollar, priced to the new high level 82.5 area.
So we predict the NZDJPY pair need some correction for rest on the main support level around 78.5 - 79.0
NZDJPY has been one of the strongest currencies for the last several days, while the JPY has been one of the weakest. This may change come with BoJ news on Monday. Rates may stay the same, but just be aware.
Price made a HH, and with a RTI (return to impulse) expected, we can short to the expected HL. There, we can take the more significant swing trade for a...
nzdjpy: currently watching for sells here at two regions for me in nzdjpy at 81.700 followed by 82.300. Again, this does not mean to sell right away when price reaches to either of these two regions. Ideally, for price to reach up to my upper line at the 82.300 region for sells. Failure for price to come here then i would wait for further price action 👁
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (82.24).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDJPY is in a downtrend, and the continuation of the downtrend is expected.
. The price is above the 21-Day WEMA, which acts as...
NZDJPY has continued its wave 3 advance and is now testing pivotal trend line resistance as this contains, look for a follow through below yesterdays low to set up a wave 4 correction to the 80 handle from above as this area supports watch for bullish reversal patterns to set long positions for the wave 5 upside extension
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (82.24).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDJPY is in a downtrend, and the continuation of the downtrend is expected.
. The price is above the 21-Day WEMA, which acts as...
Hy traders we are here to update about GBPJPY. GBPJPY is ready for small Retesting. After that it will start moving to upside again. After this bounce back it can touch Price level 161. Keep in touch we will update further soon
Pair Name : NZD/JPY
Time Frame : 4hrs / Daily / Weekly
Scale Type : Large Scale
Analysis Way : Volume + Classic + High & low + Market Map
➕ Key Technical / Long After Break
Type : Mid Term Swing
———————————
✔️( Reasons )
————
Bearish Reversal Zone
81.000 Area
Reasons
- Major Counter Trend Line
- Major Key Level Weekly
- Major Key Level Monthly....
NZD
FUNDAMENTAL BIAS: BULLISH
1. The Monetary Policy outlook for the RBNZ
At their October meeting, the RBNZ delivered on market expectations and raised the OCR by 25-basis points to an OCR of 0.50%. As the 25- basis point hike was already fully priced in, the fact that the bank did not provide any new additional information saw a textbook...
The NZDJPY"s current upward surge was retraced from a strong resistance zone around 82.00. Sellers reacted and the price dropped. Now we are accepting there will be a corrective move towards 79.5.
Hello traders!
Today we will talk about NZDJPY pair, its price action from technical point of view and wave structure from Elliott wave perspective.
As you can see NZDJPY is trading bullish, ideally within a five-wave impulse from the March 2020 lows, mainly because of current slow price action and corrective wave structure with perfect support at the 50% Fibo....
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Looking at NZDJPY on the larger time frames I am bullish. This to me looks like the perfect setup.
Let's see how price delivers
Any questions or opinions I'm happy to answer or speak about
NZDJPY showing bearish signs as it just made a lower low and lower high on hourly time frame. we can attempt a short with the stop loss at the lower high mentioned in the chart.
The NZDJPY, in a shorter time frame moving in a parallel upward channel, now this long stretched rally shows some pullback sign. The near term support area is around 80.60
Hello guys,
today I will have a closer look at the NZD/JPY.
Since the start of today’s Asian session, there has been a strong uptrend. It seems that strong Buyers are pushing (manipulating) the price to go higher.
What happened before this trend? There was a rotation. The price was moving in a tight price channel.
Volume Profile Analysis
I used my Flexible...
