#NZDJPY NZDJPY should be slightly SELL because the MARKET RISK is off now. 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. Either way, NZDJPY should be LONG TERM DOWN. Anyway, the PRICE can go UP again on the NZDJPY...
The NZDJPY pair has been trading sideways within a Resistance and Support Zone since the June 08 High, using the 1D MA50 (blue trend-line) as the pivot. The longer it does though, the more the MACD on the 1W time-frame is losing momentum and we may see a strong move downwards. In fact this pattern resembles the March - June 2021 sequence that eventually broke...
The NZDJPY pair has completed an Inverse Head and Shoulders (IH&S) pattern as it continues to trade on the 1D MA50 (blue trend-line). Technically this is a bearish reversal pattern. With the 1D RSI on Lower Highs similar to the November 2021 - Jan 2022 sequence that printed a Lower Low, we are expecting a similar sell-off. Our first target is the 1D MA200 (orange...
The NZDJPY pair almost hit its yearly High two days ago and this 2 day rejection illustrates that this was the medium-term top. As noted in our last analysis, this is roughly replicting the March - September 2021 sequence, where the pair gave two solid sell and two buy opportunities before making a new High. Right now the price should pull-back on the medium-term...
- NZD FEATURE The NZD FEATURE currently stands at 0.6452 LEVEL. JPY FEATURE is down a bit now compared to yesterday. JPY FEATURE was a bit DOWN with RISK ON in the previous days. There will be more JPY DOWN. Stay tuned for the VIX INDEX. Currently VIX is getting a bit DOWN. NZDJPY prices are moving higher than DYNAMIC LEVELS. Also an ALT.BAT PATTERN is...
- NZD FEATURE The NZD FEATURE currently stands at 0.6497 LEVEL. JPY FEATURE is down a bit now compared to yesterday. JPY FEATURE was a bit DOWN with RISK ON in the previous days. Stay tuned for the VIX INDEX. Currently VIX is getting a bit DOWN. NZDJPY prices are moving higher than DYNAMIC LEVELS. - Currently the OVERALL MARKET is showing RISK OFF. STOCKS...
- NZD FEATURE The NZD FEATURE currently stands at 0.6547 LEVEL. JPY FEATURE is getting a bit DOWN right now. JPY FEATURE was a bit DOWN with RISK ON in the previous days. Stay tuned for the VIX INDEX. Currently VIX is getting somewhat DOWN. The NZDJPY price is ready to move higher than the DYNAMIC LEVELS. - Currently the OVERALL MARKET is showing RISK ON....
NZD-JPY was trading in a downtrend Below a falling resistance line But the the resistance was broken To the upside , And I think that after the pullback and retest the broken falling resistance line , we will see a move up Towards the target above
⛔️ NZD FEATURE is currently DOWN. The main reason for that is because MARKET RISK OFF. Again it should be UP. Because it has been reported that RNZD will perform a RATE HIKE again. Therefore, it is likely to be a SENTIMENT PRICE in the future. However, the DOWN TREND is still declining due to the current market situation. The NZD FEATURE stands at 0.6250...
- No high impact news for the New Zealand dollar today. Also, there is no high impact news for JPY. But New Zealand's employment data is due out on Wednesday. Most likely NZDJPY will FOLLOW the MARKET SENTIMENT this week. So pay attention to VIX, MARKET SENTIMENT. - NZD FEATURE is currently DOWN. The main reason for that is because MARKET RISK OFF. It will...
The NZDJPY pair broke above the long-term Channel Up but formed a top pattern just outside it and as the 1W RSI got rejected around the same (overbought) level as in late February/ early March 2021, I expect a similar pull-back towards the 0.5 Fibonacci retracement level. On the long-term though, since it broke above the Channel Up, I expect it to rebound and...
- There are some very important EVENT this week for NZDJPY. The most important of these is the Central Bank Meeting of Japan. Also the NZD TRADE BALANCE will be a very important one. Although not so much VOLATILITY NEWS for NZDJPY this week, you can FOLLOW the NZDJPY MARKET SENTIMENT in the coming days. - NZD FEATURE is currently DOWN. The main reason for...
- The NZD CPI DATA, one of the most important EVENTs for the NZD, is due out this week. It is set to release tomorrow. FLASH MANUFACTURING DATA for JPY is set to release on Friday. LOW IMPACT NEWS Even though it will be very important. - NZD FEATURE is currently down a bit. The main reason for that is because MARKET RISK OFF. Again it will be UP. Today...
⛔️ None of the important data for the NZD will be released this week. The most important INDICATOR DATA for JPY is not yet released. But the New Zealand Central Bank meeting, one of the most important EVENTs for the New Zealand dollar, is set to take place next week. ⛔️ NZD FEATURE is currently down a bit. The main reason for that is because MARKET RISK OFF. ...
- BUILDING CONSENTS, ANZ business confidence, DATA released for the New Zealand dollar this week. BUILDING CONSENTS A very good DATA came. But BUSINESS CONFIDENCE DATA came with a very bad DATA. According to the MARKET SENTIMENT, a DEMAND may come to NZDs this week. Also, the Japanese yen is following the market sentiment as there is no special data release...
NZD-JPY is trading in an uptrend But the pair is approaching the main horizontal resistance level, forming a bearish harmonic pattern at 81.800 areas Therefore, reversal is likely With support retest below 78.300
NZD-JPY Retests Horizontal Resistance Level 79.222 Form Selling Harmony Pattern So I expect a drop from the current level Towards the horizontal support level at the bottom 77.15
#NZDJPY Looking for Sell trade setup as I mentioned in the Chart.! Keep Supporting LIKE, COMMENT And FOLLOW.! ThankYou.!