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New Zealand Dollar / Japanese Yen

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NZDJPY trade ideas

NZDJPY Short IdeaBOJ is most likely going to intervene again. Taking half risk trade now with bearish 8 hour candle. May keep the trade on if trades higher. The bank of new zealand is expected to hold rates next month in a couple of week. This may change depending on inflation data that comes out before that. the BOJ will need to raise rates by 15 to 25 bps next month and increase their tightening efforts to make a sticky effort. More intervention will just result in another pullback and expansion. US has monitored their two interventions and has said BOJ is not manipulating their currency.
Short
by SoapstoneCapital
Sell NZD/JPY Channel BreakoutThe NZD/JPY pair on the H1 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 97.55, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 96.95 2nd Support – 96.53 Stop-Loss: To manage risk, place a stop-loss order above 97.95. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_TA_TRADING
3
Trade Signal for NZD/JPY: SellAttention traders, we have a new signal for you on the NZD/JPY currency pair. Direction: Sell Enter Price: 97.727 Take Profit: 97.365 Stop Loss: 98.009 This signal was generated using our proprietary strategy, EASY Quantum Ai, which takes into account multiple factors to provide precise market predictions. 1. Technical Analysis: Our model has detected a bearish pattern formation on the 4-hour chart, indicating a potential downtrend in the near term. Key indicators, such as the Moving Averages and MACD, are in alignment with the sell signal. 2. Economic Indicators: Recent economic data from New Zealand, including lower-than-expected GDP growth and a dovish stance from the Reserve Bank of New Zealand, have contributed to a weakened NZD. On the other hand, the Japanese Yen has shown relative strength due to a stable economy and positive trade balance. 3. Market Sentiment: Sentiment analysis reveals a shift towards risk aversion among institutional traders, which typically supports the Japanese Yen and pressures the New Zealand Dollar. Given these factors, we believe there is significant potential for NZD/JPY to move lower. Make sure to enter at 97.727, and set your Take Profit at 97.365 with a Stop Loss at 98.009 to manage your risk. Happy trading!
Short
by ForexRobotEasy
MACD Divergence and Overbought Signals: Time to Short NZDJPY?The Yen has been getting hammered across the board lately, and there’s no telling how far these pairs can go long-term. However, in every strong uptrend, buyers eventually take profits, allowing the market to dip and providing opportunities to re-enter at better levels. This scenario seems likely for NZDJPY. We've just popped above a key Monthly resistance level, the swing high from 2007. We’re likely to see buyers ease off and short sellers step in. Here’s why. There are several signs that a reversal is imminent. First, we are extremely overbought across all higher timeframes. While this alone isn’t a signal to enter a trade, combined with the Monthly resistance level, it looks promising. What gives me even more confidence in a sell-off is the Daily chart. It shows clear evidence of slowing buying momentum with choppy price action. After each new high, there’s an immediate sell-off. The most compelling signal is the MACD divergence on the Daily chart (see image below). The combination of extreme overbought conditions and MACD divergence at this key Monthly level gives me confidence in entering a sell trade. The next step is to identify potential drop targets and where buyers might regroup. Two key targets stand out: The previous Monthly resistance, the 2014 high at 93.5, which is the first target for this sell setup. The 0.236 Fibonacci retracement at 88.5, just above the 2022 highs that held for over a year before breaking out again at the start of this year. This area is likely to attract buyers as shown in the image below My plan is to sell now and close 25% of my position every 200-pip drop. After the first drop, I will move my stop loss to the entry price. Let me know your thoughts in the comments.
Short
by TheFxAce
8