NZDJPY: The price is still FOLLOWING its ChannelHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
NZD/JPY
⚪ Technical Analysis :
Since the end of January 2021, the price has been following a clear ascending channel, leaving its main trendline and starting a new uptrend, bouncing few times on its secondary trendline.
Today it broke through a daily S/R zone at about 76.600, getting a rejection (see the pin bar) on its dynamic channel's line.
The price is currently moving down, approaching a new re-test of the previous S/R zone.
🔴 Conclusion :
The monthly and daily perspectives are still following an uptrend, so I'll be looking for long positions on this trade.
I'm confident to see the price getting a bullish impulse after it will re-test and probably consolidate on the S/R zone at 76.600.
The price is cleary moving over the EMA 100, than a proper rejection will be a nice long opportunity.
Stay tuned for Updates and Trading Signals !
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⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
Nzdjpylong
NZDJPY - Bullish BiasNZD - BULLISH
1️⃣ Prospects of a large fiscal package in US, progress on vaccine rollouts and pent-up consumer demand.
JPY - BEARISH
1️⃣ The US Treasury 10-year yield fetched its highest since last August with a 1.331% high.
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Technical
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We are buying the NZDJPY on RBS + above SMA 50 on the H1 chart.
NZD/JPY Bullish Wave LTFHi Traders
NZD/JPY Signal (H4 Timeframe)
A high probability, entry to go LONG has formed @ 76.186 after the market found support @ 75.781. Only the downward break of 75.781 would cancel this bullish scenario.
Trade details
Entry: 76.186
Stop loss: 75.781
Take profit 1: 77.260
Take profit 2: 78.190
Take profit 3: 79.706
Score: 10
Strategy: Bullish Wave - LTF
NZD/JPY could move UP!Hey tradomaniacs,
NZD/JPY just re-tested a strong support-zone and is about to create a H4-Wick 👉
First sign of reversal?
NZD/USD and AUD/USD are both steady with Indicies that failed to break key-support-zones, which is very good for our crosspair-trades.
Market is as expected very news-driven currently and I will wait for the FOMC`s statement as this can change everything, hence it is hard to predict any direction here because the moves could just be corrections.
I will wait for confluence and so high-probabillity-trades.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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NZDJPY, 1hr tf, buy setup at the end of wave-ivHello my friends,
Today i am gonna buy NZDJPY.
Previously i took sell order from 76.55 and closed it at 76.00 and banked +55 pips which yield 2.75R.
I didn't posted it on tradingview because i was not on my laptop when i took that trade.
So instead i will share the buy position today.
As you can see, price retrace towards 61.8 fibonacci retracement which also has a horizontal support level at 75.90.
Additonally there is 200-EMA at here as well so this place is an area of confluence support.
Buy NZDJPY 75.90
Stop loss 75.50
Take profit 77.20 (3.25R)
Use only 1-2% risk
Good luck
NZDJPY - Bullish BiasNZD - BULLISH
1️⃣ Strong risk appetite as investors proved optimistic on the hopes of a global recovery aided by effective vaccine rollouts and further stimulus for the US economy.
2️⃣ New Zealand reported no new cases of COVID-19 in the community and no cases in managed isolation to report today.
JPY - BEARISH
1️⃣ Strong risk-appetite throughout Asian trade dented the safe-haven Yen as Bank of Japan Governor Haruhiko Kuroda defended the BoJ’s ultra-loose monetary policy, stressing that it was premature to debate an exit from the central bank’s huge purchases and holdings of exchange-traded funds while the coronavirus pandemic continues to ravage the economy.
2️⃣ The upbeat market mood undermined the safe-haven JPY.
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Technical
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We are looking to buy the NZDJPY on RBS + above SMA 50 on the H1 chart.
NZDJPY - Bullish BiasNZD - BULLISH
1️⃣ Investors monitored ongoing US fiscal stimulus situations as senators urged President Joe Biden on Sunday to significantly downsize his sweeping $1.9 trillion COVID-19 relief package to win bipartisan support as Democrats in Congress prepared to push ahead with his plan this week.
2️⃣ New Zealanders will once again be allowed to fly into Australia without undergoing quarantine as health officials reported no new COVID-19 infections following the initial three cases of the B1351 variant.
3️⃣ Positive risk tone could support the antipodeans.
JPY - BEARISH
1️⃣ Japanese government is set to extend Tuesday the state of emergency for regions still struggling with a high number of coronavirus infections, with the emergency period in prefectures including the Tokyo area expected to run for another month.
2️⃣ Investors also continued monitoring US fiscal stimulus negotiations as Democrats in Congress prepared to push ahead with his plan this week.
3️⃣ Risk-on tone pressured the safe-havens JPY.
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Technical
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We are looking to buy the NZDJPY on the support + above SMA 50 on the H1 chart.
NZDJPY_- Sell Bigger Time <<<Disclaimer:
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is not signal. it's my opinion. trade your own risk. and Must Follow Money management.
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Thank you for your support!
NZDJPY long trade ideaPlan: wait for the price to bounce off from trendline or support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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GWBFX