New Zealand Dollar / Japanese Yen
No trades
Market insights
NZD JPY may enter into a bullish phaseNZD JPY may enter into a bullish phase
Seasonal trends indicate a bullish outlook for NZD/JPY; however, the COT report for non-commercial positions does not align with this view, showing a potential shift in sentiment. Despite this, NZD exhibits stronger endogenous positive factors compared to JPY, reinforcing a bullish bias for the NZD. Key drivers include improvements in business confidence, manufacturing, and services data, which collectively strengthen NZD's position.
NZDJPY SHORT Market Structure Bearish on HTFs DH
Entry At both Daily And Weekly AOi
Weekly Rejection at AOi
Weekly EMA retest
Daily Rejection At AOi
Previous Structure point Daily
Around Psychological Level 91.000
H4 EMA retest
H4 Candlestick rejection
Levels 7.15
Entry 100%
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: Manage Your Risk
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NZDJPY: Important Breakout 🇳🇿🇯🇵
NZDJPY broke and closed below a support line of a wide horizontal
parallel channel on a daily.
The broken structure turned into resistance now.
With a high probability, the market will continue falling
and reach 88.7 level soon.
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NZDJPY ENTRY V48The Volume and COT reports look promising, highlighting a potential swing trade opportunity for the week despite recent market turbulence from political uncertainty. I’ll attempt a long here but will proceed cautiously, considering the RBNZ Press Conference is just a few minutes away. I might hold off and scale in afterward, depending on how the market reacts.
Bearish drop?NZD/JPY is rising towards the pivot which acts as a pullback resistance and could drop to the 1st support which has been identified as an overlap support.
Pivot: 90.05
1st Support: 88.75
1st Resistance: 91.15
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NZD/JPY LONG FROM SUPPORT
Hello, Friends!
NZD-JPY downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 91.830 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the NZD/JPY pair.
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NZDJPY Trading Opportunity! BUY!
My dear friends,
NZDJPY looks like it will make a good move, and here are the details:
The market is trading on 90.005 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 90.643
Recommended Stop Loss - 89.634
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
NZDJPY- Bullish IdeaThe exogenous and endogenous factors are decreasing but leading economic indicators are increasing for the pair NZDJPY. Seasonality also supports the idea that NZDJPY will be bullish in the last week of November and the first week of December. The Monthly currency heat map also suggests that November is bullish for NZD and Bearish for JPY.
Technicals show that NZDJPY is consolidating after making a bullish divergence at 1H. Look for the entry if it breaks above the range.
NZD/JPY: Downside Likely Before ReboundHello,
OANDA:NZDJPY pair is expected to test support levels further at this stage. However, there remains confidence that these supports will provide enough momentum to push the price upward eventually. Currently, with the price closing below the monthly, weekly, and daily pivot points, a downside move appears more likely in the near term before any potential upward movement. A key signal for further downside would be if the price crosses and consolidates below 89.588.
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