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NZDJPY

NZDJPY - FALSE BREAKOUT IN PLAYSymbol - NZDJPY CMP - 87.21 NZDJPY is encountering resistance within the context of a broader downtrend. The pair appears unprepared to sustain upward momentum and is currently exhibiting signs of a potential local reversal. Within the framework of the prevailing global downtrend, the currency pair is undergoing a corrective countertrend movement and is currently testing the resistance level at 87.40, The liquidity concentration situated above this threshold has not yet permitted a continuation of the upward move. In the absence of sufficient bullish momentum, the price has reverted back into the established range, forming a false breakout above resistance. Given that the pair remains within the range and has returned below the resistance boundary, sustained bearish pressure at the 87.40 level (the upper limit of the trading range) could initiate a renewed decline, thus resuming the overarching downtrend. Key Resistance Level: 87.40 Key Support Levels: 86.50, 85.26 A confirmed consolidation of the price below the 87.40 resistance level would reinforce the view that bullish continuation is not imminent. Additionally, the weakening US Dollar Index is contributing to strength in the Japanese Yen, which may exert further downward pressure on the NZDJPY pair.
Short
by akshit_official
NZDJPY - BULLS BACK IN THE GAME?Symbol - NZDJPY CMP - 83.70 The NZDJPY currency pair is currently exhibiting a false breakout below the established range support, which, in the context of an emerging reversal pattern, suggests a potential breakdown of the prevailing bearish structure. From a fundamental perspective, recent market conditions have been highly volatile, primarily driven by unpredictable political rhetoric-particularly surrounding ongoing trade tensions. However, from a technical standpoint, the pair appears to be re-entering its prior trading range amid signs of market stabilization. The false breakdown of the support zone reinforces the probability of a short-term bullish reversal. The breach of the bearish trend structure, combined with the emergence of a reversal formation and re-entry into the range, increases the likelihood of upward price movement. Should bullish momentum sustain price action above the 83.70-84.20 support zone, further appreciation toward the 85.15–87.40 resistance range is plausible. Key Resistance Levels: 84.196, 86.150 Key Support Levels: 83.790, 83.310, 82.210 Sustained consolidation above the key support area may provide the bulls with an opportunity to drive the price higher toward a local zone of interest. While the broader trend remains neutral, the short-term outlook has shifted to a bullish bias.
Long
by akshit_official
NZDJPY BUYS?As you can see, NJ retraced deeply into the OTS (Optimal Trading Segment) on the daily timeframe. The red line, where the price is currently sitting, can be seen as a daily demand zone. Looking at the 4H price action, you can observe strong bearish pressure, which is why I need confirmations on a smaller timeframe. What I like is how the price has stopped at this level and is now consolidating, forming new structure points on lower timeframes. The 15-minute structure looks clean to me and Flip happened so I will be looking for buys there. Blessings, T
Long
by Tilen_FX
NZDJPY - ATTEMPTING TO REVERSE TRENDSymbol - NZDJPY CMP - 85.40 NZDJPY currency pair is attempting to reverse its downtrend by breaking through the channel resistance. With the recent strengthening of the U.S. dollar, the pair has strong potential to advance. From a technical perspective, buyers are gaining momentum and providing market support, as evidenced by the rising local lows, which are progressively leading towards the breakout of the channel resistance. The key level to watch in this scenario is the resistance at 85.24, which is broken & serves as a crucial threshold, separating the market into two distinct zones. Should the bulls manage to secure a close above 85.24, a short-term rally towards 86.13, and potentially 86.90, may unfold. Key support levels: 84.50, 84.00 Key resistance levels: 85.24, 86.13, 86.90 Initial testing of the resistance at 85.24 could result in a brief pullback due to liquidity above this level. This pullback may be directed towards the previously broken channel resistance. However, the primary focus remains on a sustained price consolidation above 85.24, as this would confirm that the bulls are maintaining control of the market and are poised for further upward movement.
Long
by akshit_official
2
NZD/JPY Bearish Breakdown | More Downside Ahead?📉 NZD/JPY Technical Analysis (Daily Chart) Key Observations: Downtrend Dominance ⬇️: The pair has been in a clear downtrend since mid-2024, with lower highs and lower lows forming consistently. 200 EMA Resistance 🚨: The red 200-day EMA at 90.088 is acting as a major resistance level, reinforcing the bearish outlook. Bearish Breakout Pattern ⚠️: A descending structure is forming, suggesting a continuation of the downtrend. Projected Drop 📉: The black arrow on the chart indicates a potential drop toward 82.00 - 80.00 levels in the coming weeks. Trading Strategy: 🔴 Bearish Bias: Traders might look for short opportunities on lower highs, especially near 87.00 - 88.00 resistance. ✅ Target Zones: 84.00 (first support) and 80.00 (major support). 🚨 Invalidation Level: A break above 90.00 (above 200 EMA) could signal trend reversal. What’s your trade plan? 🎯📊
Short
by MrStellanSight
NZD/JPY - Bullish continuationHello traders, welcome to the first long video analysis for the NZDJPY pair on this channel. Let's dive into the analysis for NZDJPY. Currently, we are looking at the 1-day timeframe. As we can see, the pair is in an uptrend, forming higher highs and higher lows. In summary, we can confidently label this as a bullish trend on the daily timeframe. Now, let's move to the 4-hour timeframe. Here, we notice that the price has recently broken a structure. To make an informed judgment about where the pair may head next, we need to understand the recent price structure. Interestingly, the price has experienced a strong bullish rally, also known as a bullish impulse move. This indicates a sharp surge in the buying direction. This significant movement of around 3.25% within just 1-2 days demonstrates the current strength in the bullish trend. Considering the breakout of the structure and the bullish impulse move, it becomes evident that the trend is healthy and robust. As trend traders, we prefer to go with the market flow and avoid initiating sell trades in such a strong bullish environment. Instead, we will patiently wait for the price to correct before considering further upside potential. Given the sizable move already made by the pair, it has become relatively expensive at its current level. Hence, we will wait for a logical level to enter the trade, where our stop loss can be minimized, and our potential targets can be significant. At this moment, there isn't a clear stop loss zone. However, our target will be the nearest swing high, which could potentially act as resistance on a larger timeframe. By entering the trade near a support zone with a low stop loss and aiming for a potential 1:2 or 1:3 risk-reward ratio, we enhance the odds of a successful trade. Stay tuned for more insightful analyses and trading strategies for the NZDJPY pair on this channel. If you find this analysis helpful, don't forget to like, subscribe, and share with fellow traders. Your support keeps us motivated to deliver more valuable content. #ForexAnalysis #NZDJPY #BullishTrend #TradingStrategies 📊🚀💼
Long
by houseofforex
1
NZDJPY Bearish Forecast Important things to watch, key levels, trendlines, horizontal supports and double top Next targets after break of the neckline of double top 86.00 and 85.600 Note: All ideas forecasts are my personal views on the market, I share these ideas for free, and you're free to share my profile link with your friends, please do not use my Idea without credit. I post and share for educational purposes hence no idea we publish should be considered an investment advice. I mostly share ideas with more than normal conviction, meaning I mostly share ideas with High conviction. You can check all my work, you can understand my style of analyzing market, please if you like my work do help me earn reputation and like, comment on my ideas, we can discuss more here.
Short
by CELGIB_TRADING
NZDCHF BULLISH FORECAST * Ascending triangle, mostly found in uptrend, and mostly bullish continuation. * The RBNZ increased it's interest rate by 75bps as expected, and the RBNZ were Hawkish, hence we expect more bullish presure with NZDCHF and NZD related pairs. * Break below the triangle may violate the pattern. Note: All ideas forecasts are my personal views on the market, I share these ideas for free, and you're free to share my profile link with your friends, please do not use my Idea without credit. I post and share for educational purposes hence no idea we publish should be considered an investment advice. I mostly share ideas with more than normal conviction, meaning I mostly share ideas with High conviction. You can check all my work, you can understand my style of analysing market, please if you like my work do help me earn reputation and like, comment on my ideas, we can discuss more here.
Long
by CELGIB_TRADING