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NZDJPY

NZDJPY Is Going Up! Buy! Here is our detailed technical review for NZDJPY. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 82.627. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 83.133 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
NZDJPY - DAILY TECHNICAL BIAS WITH FUNDAMENTAL BIAS#NZDJPY By now MARKET RISK is ON. 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. NZD CPI DATA is also very high. LABOR DATA is also very POSITIVE for NZD. JPY may be somewhat WEAK in the next few days. However, NZDJPY should be slightly BUY with upcoming JPY WEAKNESS. Anyway, if the PRICE falls back on the NZDJPY MAIN SUPPORT LINE, you can BUY if the MARKET RISK ON continues. And 81.79 LEVEL can be SELL temporarily. Earlier NZDJPY was SELL due to strong JPY and MARKET SENTIMENT is RISK OFF. Anyway, after that, you can definitely BUY at 87.00 LEVEL. For that, MARKET RISK should be ON. STOCK UP, VIX DOWN, JPY WEAK.
by benny_marshall
1
NZD/JPY & NZD/USD positive correlation returns for nowNZD/JPY pulls back from a fresh weekly high (83.92) with NZD/USD also registering a fresh weekly high (0.6382) as the Reserve Bank of New Zealand (RBNZ) delivered a 50bp rate hike. The correlation coeffect now reflects a positive relationship between NZD/JPY and NZD/USD as it climbs to +0.46, but the inverse relationship may resurface as a shift in carry-trade interest appears to be materializing alongside expectations for a change in monetary regimes. NZD/JPY Rate Outlook NZD/JPY struggled to hold above the 50-Day SMA (83.34) after failing to extend the series of higher highs and lows from last week, with the exchange rate trading to a fresh weekly low (82.15) as the Japanese Yen appreciates against most of its major counterparts. Need a close below the 82.30 (23.6% Fibonacci extension) to 82.50 (38.2% Fibonacci extension) region to raise the scope for a move towards towards 81.70 (50% Fibonacci retracement), with a break below the yearly low (80.44) opening up the 80.20 (61.8% Fibonacci retracement) region. In contrast, NZD/USD may face range bound conditions as it holds above the weekly low (0.6208). --- Written by David Song , Strategist Follow on DavidJSong @DavidJSong
by FOREXcom
1
NZDJPY to see a lower correction?NZDJPY - 24h expiry - We look to Buy at 82.00 (stop at 81.40) Previous support located at 82.00. Previous resistance located at 83.00. With signals for sentiment at oversold extremes, the dip could not be extended. We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. Our profit targets will be 83.20 and 83.50 Resistance: 83.00 / 83.20 / 83.50 Support: 82.00 / 81.50 / 81.25 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
Long
by VantageMarkets
1
NZDJPY: High upside potential.The NZDJPY pair is on a neutral technical price action on the 1D time frame (RSI = 51.078, MACD = -0.120, ADX = 32.313) as it reached the 0.5 Fibonacci level and 1D MA50 yesterday. This is the middle level of the long-term trading range inside the S1 and R1 Zones since April 20th 2022. So essentially this pair has been trading sideways for almost 1 year. Since the price recently rebounded (March 24th) at the top of the S1 Zone, we take this as a solid buy opportunity to target Fibonacci 0.786 (TP = 86.300). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
NZDJPY to find support at market?NZDJPY - 24h expiry - We look to Buy at 82.90 (stop at 82.40) Previous support located at 83.00. Previous resistance located at 83.80. There is no clear indication that the upward move is coming to an end. Risk/Reward would be poor to call a buy from current levels. A move through 83.80 will confirm the bullish momentum. Our profit targets will be 84.20 and 84.50 Resistance: 83.80 / 84.00 / 84.50 Support: 83.00 / 82.50 / 82.25 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
Long
by VantageMarkets
1
It's NOT Perfect, but would you say NO to 309pips of Profits? It's NOT Perfect, but would you say NO to 309pips of Profit Potential? The Bearish 5-0 Patterns has completed on the Daily Chart(right), the doji candle looks great for aggressive trader for a shorting opportunity, the RSI didn't went overbought, and that cause this setup to be not as perfect as we want it to be. Alternative ways to engage the trade, is to wait for the market to retest at 83.60 on the 4-hourly chart or the 1-hourly chart. When the retest happens, it will produce an RSI Divergence that allow us to engage the trade, that produce a Lower Risk with a Higher Returns. If you are looking for a buying opportunity, 82.60 is the level you can wait for a retest of support or a double bottom with RSi Divergence. Which side of the trade would you choose? Shorting opportunity or Longing opportunity?
Short
by RaynLim
Further upside is expected from NZDJPY.NZDJPY - 24h expiry - We look to Buy at 82.25 (stop at 81.60) Previous support located at 82.50. Previous resistance located at 83.00. The trend of lower intraday highs has also been broken. Further upside is expected. Risk/Reward would be poor to call a buy from current levels. Our profit targets will be 83.75 and 84.00 Resistance: 83.00 / 83.50 / 84.00 Support: 82.50 / 82.25 / 82.00 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
NZDJPY - Trend-Following Setup! 📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on DAILY: Left Chart NZDJPY has been bearish trading inside the falling channel in blue. And it is currently approaching the upper trendline and resistance, so we will be looking for sell setups on lower timeframes. on H1: Right Chart NZDJPY is forming a channel in red but it is not ready to go yet. 🏹 For the bears to take over, we need a momentum candle close below the last low in gray. Meanwhile, until the sell is activated, NZDJPY can still trade higher inside the green resistance. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
5