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New Zealand Dollar vs Japanese Yen

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NZDJPY.P trade ideas

NZD/JPY Daily setupThe 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 been in place since November 2023. It is also bouncing off an ascending trend line that has been in place since August 2023. The price is reacting to the 0.786 Fibonacci retracement level. It is rejecting the significant psychological level of 90.000. Market Structure The JPY basket has reached a resistance level and is starting to decline. These factors suggest a potential reversal or correction in the NZD/JPY pair. NZD/JPY 4hr TF Has currently closed on the 4 hour TF nicely I expect NZD/JPY to start having an healthy pull back. JPY Basket weekly TF Is currently reacting off my area of interest I expect price to start moving lower. JPY Basket Daily TF JPY Basket 4hr TF
Long
by ChartStrategist
2
NZDJPY: Very Risky Scenario After BOJNZDJPY: Very Risky Scenario After BOJ Yesterday the price completed a bullish harmonic pattern after the BOJ rate decision. BOJ's decision and comments were bullish but as it seems the bearish wave could be limited. The move was almost priced in advance and we can see the price correcting again. After the price is completed the harmonic pattern shows some support near 88.50 Probably the bulls are joining the market again after 1050 pips in only 20 days. I am expecting a normal correction for the time being as it's shown on the chart. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
2
NZDJPY: Testing Key Support - Will It Bounce?Trendlines are a fundamental concept in technical analysis, used to identify and confirm the direction of a trend. They are drawn by connecting a series of price points to highlight the prevailing direction of the market, whether it be upward, downward, or sideways. A trendline acting as support is a line drawn below the price action, connecting two or more significant low points. When the price approaches this trendline, it often finds buying interest and 'bounces' off it, resuming its upward trajectory. Conversely, a trendline acting as resistance is drawn above the price action, connecting significant high points. When the price approaches this trendline, it often encounters selling pressure and 'bounces' downward. Currently, NZDJPY is trading near a trendline that has previously acted as a robust support level. Historically, this trendline has successfully caused the price to bounce upwards when touched. Given this historical behavior, there is a strong possibility that the trendline will once again act as a support level, causing the price to bounce back up. A confirmed bounce could present a buying opportunity, while a break below the trendline might indicate a shift in market sentiment and a potential trend reversal. Key Points to Watch: Trendline Support: Observe the price action near the trendline. A bounce off this line would reaffirm its role as support. Volume Confirmation: Increased trading volume on the bounce can provide additional confirmation of the support level's strength. Candlestick Patterns: Look for bullish reversal patterns (e.g., hammer, bullish engulfing) near the trendline, which can signal a potential upward movement. It's important to monitor the closing of today's candlestick; a bullish reversal candle would be a strong indicator of a potential bounce. Stop-Loss Placement: Consider placing stop-loss orders just below the trendline to manage risk in case of a breakdown. In this analysis, stop-loss placements are marked with a red line labeled "SL."
Long
by DNP-FX
3
AUD/USD Short, NZD/CAD Short, EUR/NZD Long and NZD/JPY ShortAUD/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it. NZD/CAD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it. EUR/NZD Long Minimum entry requirements: • Tap into area of value. • 1H impulse up above area of interest. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it. NZD/JPY Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry within it, or reduced risk entry on the break of it.
by StewySongs
NZDJPY BUY | Idea Trading AnalysisNZD/JPY is falling towards a support level which is a pullback support and could bounce from this level to our take profit. We expect a decline in the channel after testing the current level which suggests that the price will continue to rise Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity NZDJPY I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Long
by TheGrove
1
Watch out for BoJ tomorrowThe BoJ will be coming out with its interest rate decision tomorrow. Be careful with your yen positions, if you have any. #nzdjpy FX_IDC:NZDJPY EASYMARKETS:NZDJPY Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
by easyMarkets
TECHNICAL BOUNCE EXPECTED ON NZDJPYDespite a drop of almost 10% from the all-time high of 99 reached on 10 July 2024, the pair's long-term trend remains bullish. However, a break of the medium-term uptrend line could open the door to a much larger correction and threaten the uptrend. The price is currently in a key support zone at 90.186 - 90.763. This zone has been worked by both buyers and sellers between 9 January 2024 and 21 April. Technically, we can expect a buying bounce that could take the price back to the uptrend line for a perfect technical pullback. With the RSI at 12.60 at the time of writing, a technical rebound could also be confirmed by the RSI returning to its neutral zone. However, it would be better to wait for a buy signal on the smaller TFs before confirming this move. On the other hand, a confirmation of a break of the support zone would allow the sellers to take control and drive the price even lower towards the 88 level. Maxime Dominguez - Analyst for Activtrades The information provided does not constitute investment research. The material has no been prepared in accordance with the legal requirements designed to promote the independence of investment research and such is to be considered to be a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
Long
by ActivTrades
NZD/JPY Buy AnalysisNZD/JPY Buy Analysis Trade Idea: Sell NZD/JPY Entry: 90.800 1st Take Profit: Up to 94.479 2nd Take Profit: Up to 96.170 Rationale: Technical Analysis: NZD/JPY has faced Support near the 89.864 level, indicating potential for a Upward movement. Bullish Momentum: Recent price action suggests a High from recentlow, supporting a Bullish bias. Long-Term View: This trade reflects a broader bullish outlook on NZD/JPY, considering both technical indicators and market sentiment. Risk Management: Implement a well-defined risk management strategy, including stop-loss orders, to mitigate potential losses in volatile market conditions. Disclaimer: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The analysis provided is for informational purposes only and should not be considered as investment advice.
Long
by GODOCM
New Zealand Dollar / Japanese Yen | Range Idea | Asian SessionKey indicators on Trade Set Up in general; 1. Push Set Up 2. Range Set Up 3. Break & Retest Set Up # HIGHER DEGREE | 4 Hour Time Frame - Behaviour & Subdivision - Measurement on Session * 20 EMA * 1000 EMA * Signpost | Market Cap | Confluence Set Up # POSITION & Risk Reward | 1 Hour Time Frame - Measurement on Session * 20 EMA * 1000 EMA * Retracement # POSITION & Risk Reward | 15 Minutes Time Frame - Measurement on Session * Retracement | 0.5 & 0.618 * Extension | 0.88 & 1 Active Sessions on Relevant Range & Elemented Probabilities; * Asian(Ranging) - London(Upwards) - NYC(Downwards) * Weekend Crypto Session
Short
by jasper16231
NZDJPY: HTF CURVE ANALYSIS (14D) - DT WEALTH TRADE✨ NZDJPY: HTF CURVE ANALYSIS (14D) ✨ (DOWNTREND) SLO2 @ 96.96 ⏳ SLO1a @ 96.11 ⏳ SLO1 @ 95.01 ⏳ SSO1 @ 90.83 ⏳ TP1 @ 80.395 TP1a @ 70.25 TP2 @ 65.164 TP4 @ 55.184 BLO1 @ 52.787 ⏳ (DO NOT SET!!! PLACE PRICE ALERT) BLO2 @ 46.965 ⏳ (DO NOT SET!!! PLACE PRICE ALERT) 🔑 BLO = BUY LIMIT ORDER HTF = HIGH TIME FRAME SLO = SELL LIMIT ORDER SSO = SELL STOP ORDER TP = TAKE PROFIT NOTE: Based on my evaluation, I don't anticipate PA going above 95.60, however if it does, I'll have orders waiting for it up there! I believe a conservative DCA approach will serve this trade the best. This is a wealth opportunity. It will take some time to play out but if managed well, it will pay out well. Long-term time frames (1 week to 1 year): — Shows the big picture, revealing major trends and economic factors. — Less volatile, price movements are slower and smoother. — Suitable for long-term trend trading and position trading. — Requires less frequent monitoring but may offer fewer trading opportunities.
Short
by oktane
NZDJPY: ITF CURVE ANALYSIS (13H/14H) ITF-DT✨ NZDJPY: ITF CURVE ANALYSIS (13H/14H) ✨ (DOWNTREND) SLO2 @ 97.886 ⏳ SLO1a @ 97.077 ⏳ SLO1 @ 95.01 ⏳ (ANTICIPATED TURN BETWEEN 94.70 & 95.20) TP1 @ 95.942 - BANKED TP1a @ 95.05 (Secret TP) TP2 @ 93.423 TP3 @ 91.772 BLO1 @ 91.376⏳ (DO NOT SET) WILL EVALUATE LATER 🔑 BLO = BUY LIMIT ORDER ITF = INTERMEDIATE TIME FRAME SLO = SELL LIMIT ORDER TP = TAKE PROFIT NOTE: Secret sauce, if used in tandem with the wealth trade, I believe there is a great opportunity on this pair. It's paid out well so far with TP1 being hit already. Intermediate time frames (4 hours to 6 day): — Offer a clearer picture of the underlying trend compared to short-term frames. — Provide more opportunities for confirmation signals and technical analysis. — Allow for more flexible trading schedules, trades can be held overnight. — Suitable for swing traders and some positional traders.
Short
by oktane
Riding the Waves: NZD/JPY's Rollercoaster JourneyTechnical Analysis Technical analysis also supports a long position in NZD/JPY: Market Bottom Formation: Recent technical analysis indicates that the short-term downtrend has halted, and the price is starting to create a market bottom. A recent market high has been broken, suggesting a potential bull run . Key Structure Levels: The pair is about to retest a key structure level of 95.24, implying a high likelihood of a move up . Economic Calendar and Upcoming Events Upcoming events on the economic calendar can also influence the NZD/JPY pair: Japan’s FY 2024/2025 Annual Wage Negotiations: Preliminary results on March 15 could impact the JPY . BOJ’s Monetary Policy Outcome: Scheduled for March 19, this event could provide further insights into Japan's economic stance . Fed FOMC Meeting: The release of the latest dot plot on March 20 could influence global market sentiment . Conclusion Longing NZD/JPY is supported by a combination of high-interest rate differentials, strong macroeconomic indicators, favorable technical analysis, and institutional investor sentiment. While risks remain, the overall outlook suggests that a long position in NZD/JPY could be a profitable strategy.
Long
by FtradeFXArabic