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NZDJPY

NZDJPY - DAILY TECHNICAL BIAS WITH FUNDAMENTAL BIAS By now MARKET RISK is ON. Also, since NZD RATES are high, we expect NZDJPY to go UP again. We look forward to the future behavior of NZDJPY. The reason is because the interest rate of NZD is higher compared to JPY. NZD CPI DATA is also very high. LABOR DATA is also very POSITIVE for NZD. JPY may be somewhat WEAK in the next few days. However, NZDJPY should be slightly BUY with upcoming JPY WEAKNESS. Anyway, if the PRICE falls back on the NZDJPY MAIN SUPPORT LINE, you can BUY if the MARKET RISK ON continues. And 87.00 LEVEL can be BUY temporarily. Earlier NZDJPY was SELL due to strong JPY and MARKET SENTIMENT is RISK OFF. Anyway, after that, you can definitely SELL at the 80.00 LEVEL. For that, MARKET RISK should be ON. STOCK UP, VIX DOWN, JPY WEAK.
by benny_marshall
NZDJPY to find sellers at psychological level?NZDJPY - 24h expiry - We look to Sell at 85.00 (stop at 85.36) Previous support located at 84.50. Previous resistance located at 85.00. Broken out of the channel formation to the downside. Reverse trend line resistance comes in at 85.50. Further downside is expected although we prefer to sell into rallies close to the 85.00 level. Our profit targets will be 84.10 and 83.90 Resistance: 85.00 / 85.25 / 85.50 Support: 84.50 / 83.75 / 83.50 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Short
by VantageMarkets
NZDJPY Will this pair chase the sell side liquidity?The main reasons this move more likely will happen are the followings: -If we look the CFTC, non commercials are shorting JPY aggressively with 117,420 short positions open. 23,135 of those positions were open last week. Only 36,760 positions are long. This means that JPY is getting weaker because non commercials are shorting more than longing. -If we look the CFTC ,non commercials the past few weeks have been adding more positions to the long side in NZD. Overall they have 16,648 to the long side and 17,011 to the short side. The important fact about this is that the last week 2,038 positions were added. We should expect some strength in NZD -The price had taken the sell side liquidity. The yellow circle show the low that took the liquidity. -The price is making higher highs and higher lows. -Price is chasing buy side liquidity
Long
by Wiiso
3
NZDJPY in a corrective channel.NZDJPY - 24h expiry Previous support located at 84.50. Previous resistance located at 85.00. Broken out of the channel formation to the downside. Further downside is expected. Risk/Reward would be poor to call a sell from current levels. A move through 84.50 will confirm the bearish momentum. We look to Sell at 85.35 (stop at 85.75) Our profit targets will be 84.35 and 84.15 Resistance: 85.00 / 85.50 / 86.00 Support: 84.50 / 84.25 / 84.00 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA