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Nzdjpyanalysis

NZDJPY SHORT OPPORTUNITY!Hello traders, as we can see NZDJPY is in short term bearish Trend, here we can get good shorting opportunity with 1:3 RR, One can sell NZDJPY if 15min candle close below 84.300 with 84.660 SL and tp 83.500-83.200 range. One can see some support near 84.000 as price bounced back from that area but not a Major support zone. My analysis is based on short term trend. You may see some volatile move in between. But our trade will go smoothly as per my view. DO YOUR OWN RESEARCH BEFORE TAKING ANY TRADES, THIS IS MY PERSONAL VIEW, I MAY BE WRONG DO CONSULT WITH YOUR FINANCIAL ADVISOR FIRST.
Short
by Nkpatel2599
1
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 - 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
NZDJPY - TECHNICAL ANALYSIS FORECASTnzdJPY based on a technical chart ON D1 it clearly indicates a triangular pattern that contains a length of 29 candles and forms a bearish continuation pattern. The trading approach will be bearish for this currency after the breakout from the support levels. Selling zone: 76.750 - 76.650 Stop loss: 77.100 Target: 75.500 - 74.700 Disclaimer: All the information provided is for educational purposes. Before taking a trade kindly consult with your investment advisor. We are only providing for the educational and confidence built-up for the forex market
Short
by Kunali7
NZDJPY Impulse - Correction SpottedNZDJPY potential buying opportunity, the weekly chart shows an impulse - correction pattern, after every impulse & correction next impulse is formed. Things to consider: 1. Strong weekly impulse followed by short term correction 2. Correction wave retraced 0.382 Fibonacci level and rejected 2 times 3. Price is moving up from strong weekly support 4. COT data:- NZD - 1k ⬇️ JPY - 61k ⬇️ (overall price will go up since JPY is much weaker than NZD) How to enter: 1. Study the chart provided 2. Locate all the important prices 3. Tommorow when market is open find best entry on 4hr timeframe 4. Stay tuned for sniper entry on Monday ALL THE BEST!
Long
by lofitrend
NZDJPY Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of NZDJPY (Monthly, Weekly, Daily for direction and 4H for entry) for Week 44 - 26 Oct M > Market is moving in a downward channel, price tested resistance of channel and dropping after rejection. Price has already dropped till 0.382 Fib level on monthly bullish impulse. W > Price tested resistance level thrice and faced rejection creating triple top. We can see a W formation and expect price to drop and test its neck. However for last 4 months price is moving in a range of about 300 pips. D > Price dropped till weekly demand zone again and faced rejection creating double bottom. Price moved up to test weekly supply zone and after rejection started dropping again. We will continue with 3 bearish targets identified last week. 1. Weekly demand zone where price created double bottom last time. 2. Demand zone at odd candle (66.67) on D chart, above neck of W formation. 3. Neck of W formation. Drop till this level will create an inverted H & S pattern. As per COT NZD saw closure of both Long and Short positions further improving net positions, whereas ZXY was weak during the said week but it gained strength last week. JPY saw closure of Long and addition of major Short positions reducing net positions further however N-R added few Long and closed major Short positions. JXY during the said week ended in a Doji but improved its position last week. NZD has been gaining strength slowly since June 2020 which is not in line with our target. However JPY being a safe heaven can strengthen on account of short term uncertainty till outcome of US election. We will hence identify invalidation level for bearish target. 4H > Price is currently back again to test weekly supply zone. A break to the downside will confirm bearish move but a break to the upside till daily resistance will invalidate our target. Pair Correlation > NZDJPY has positive correlation with NZDUSD, AUDUSD and AUDJPY and negative correlation with EURAUD. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions. Thank You AP17FX
Short
by AP17FX
SELL NZDJPY!!!So, what kind of situation we have in NZDJPY pair. If we see the trend lines, it's saying that it's a good time to short this pair as this region holds strong resistance. Also, in the 4 hr chart, we got conformation to sell this pair. So, if we take a short here then we will be taking profit at 65.300 approx. with a stop loss of 66.200. It's a good risk to reward ratio. Prices must follow the south direction. So, we are going to enter this trade now. Let's see what happens!!!! Stay updated :)
Short
by ng_forex
2