NZD/JPY Trade Ideas

Ichimoku Kinko Hyo NZD/JPY: The pair is trading above the cloud. An upward pressure would lead the pair to exit further the cloud, confirming a bullish outlook. Fibonacci Levels XAG/USD: Silver after a remarkable sell off is trading significantly lower below the 23.6% retracement area. US Mark...

Ichimoku Kinko Hyo NZD/JPY: The NZD/JPY pair is trading within the cloud. A failed attempt to move higher will push the market to exit the Kumo, confirming a bearish scenario. US Market View Stocks futures ticked lower this Friday morning, following a tech-led trading in the previous session. N...

Ichimoku Kinko Hyo NZD/JPY: The NZD/JPY pair is now poised to exit the Kumo. If that happens, the currency pair will enter into a new bearish sentiment. European Market View Global PMIs will be released today. It is expected to show a continued gradual uptrend in August. In addition, we get the...

Trade ideas BUY 69.10; TP 69.70; SL 68.90 SELL 67.75; TP 67.25; SL 67.90 NZD/JPY is surviving a period of correction/consolidation within the long-term downtrend. The pair’s currently in the middle of the range and the decisive action of bulls may take it up to its upper border in the 69.70 area (th...

Trade idea SELL 71.90; TP1 71.75; TP2 71.40; TP3 70.90; SL 72.20  NZD/USD has turned down on July 22 and retraced more than 38.2% of the June-July advance. A “bearish engulfing” pattern was formed on W1. This likely means that the overall downtrend has resumed. The pair has support at 71.75 (50% Fib...

Trade idea BUY 73.00; TP 73.35; SL 72.85 NZD/JPY has performed well this month forming higher lows and highs. It was supported by the 50-day MA in July and took off from that level. The pair has reached the July high at 72.93. Above this level, the next natural one is the 100-day MA in the 73.35 are...

Trade idea SELL 76.00; TP 75.60; SL 76.15 BUY 76.80; TP 77.30; SL 76.65 NZD/JPY has started recovering at the beginning of January. The pair consolidated in the middle of the bullish channel during the last 5 days. For now, it’s trading above the weekly pivot point at 76.06. The 50-day MA went above...

Trading opportunities on the currency pair: For several weeks in a row, the Kiwi dollar has been rising against both the US dollar and the Japanese yen. The price is approaching the DTR1 trend line (downwards trend line). In my forecast, I’m expecting a breakout of this line, followed by growth to t...