Nzd/Jpy

[pritishahfx]

Tuesday 10th Mar 2:30pm(NZT)
The Reserve Bank of New Zealand’s announcement last week that they are looking at creating a new asset class for property investing caused a sharp turnaround for this pair. Until then the NZD was gaining ground against the Japanese Yen having just traded up over 91.00. But that announcement undermined support for the NZD and a sharp correction lower has ensued. The pair has traded to a low of 88.64 so far and the risks remain skewed to the downside. The key event this week will be the RBNZ monetary policy statement on Thursday morning. The central bank could well heap further pressure on the currency by trying to talk it down, or by releasing further details of potential macro-prudential tools to be used on property investors. This could easily see the pair trade back toward 88.00. From Japan this week we have core machinery orders, tertiary industry activity, and consumer confidence data to digest.
Current Level Support Resistance Last week's range
NZD/YEN 89.10 88.00 90.00 88.64 - 91.09

[ducd3vaizo]

Daily Forecast

Pair: NZDJPY
Major Trend: Bearish
Time Frame: H1
Reason: There is no sign of weakness, but towards the close, the market is predicted to be a correction in 88.21. The lowest point this week at 87.54.
Recommendation: Sell limit at 88.21

[ng1985]

pair- nzd/jpy
time frame to analysis- m30



the down movement of the price has been break the support at 88.60 level and the rsi is showing oversold. the price may move up side as correction. hold the short entry with profit target at 88.00 and stop loss at 88.90
good luck

[kelvin566]

the daily chart indicat that the trend is in a correction phase the resistance is at 90.94 is the price still below this price this mean that the price will go further down to the key level 84.93 where it found the support and the uprising uptrend , for the moment the price is shaping the gartelly pattren ab=cd
at the for 4 time frame the uptrend is booken so the opprtunity to go down is huge
sell from 90.10 or 90.94

[ng1985]

pair- nzd/jpy
time frame to analysis- m30



the price is making lower to low and the rsi indicator at the equal high level. its making doji pattern at the resistance 89.25 level. if the macd is move below the zero level with price 88.90 level short with stop loss at 90.00
good luck

[kelvin566]

the weekly out look of the cross indicat that the cross is willing to go further down to the key level 84.85 whiwh find a good support the price may bounce from 88.92 on the daily chart but it will continu further down any bounce represent an opprotunity to short

[zxcvb]

The price of the pair moves starting wave (91.10) It is noted that the limits of the line the main direction drawn to this wave along the between-level (90.82) and (90.96 It is worth mentioning that the current wave goal access to the area (89.31) With respect to trades that day will be watching the movement Price inter-level (89.79) and level (90.34) to seize the opportunity of early entry, technical studies indicate that in the case of a sale, the nearest level can test it (89.61) In the case of increased sales to close four hours below this level, the downward trend will continue, On the other hand, in the case of purchases is the closest level can test it (90.96) In the case of increasing purchases four-hour closing candle above this level, the upward trend will continue, support and resistance levels are as follows: support first (89.35) - the second support (88.81) - First resistance (90.70) - Resistance seconds (91.50).

[pritishahfx]

NZD/JPY - This is the forex quote for the New Zealand Dollar vs. Japanese Yen exchange rate. NZD (the 'base currency') is quoted in terms of JPY (the 'counter currency'). The Yen is a historically low-yielding currency, making an attractive vehicle to fund carry trades (where traders borrow cheaply in JPY to buy higher-yielding currencies, including NZD). Investors tend to favor carry trades at times of optimism about global economic performance and stability; they shun them at times of market stress. This makes NZD/JPY sensitive to swings in broad-based market sentiment trends. The pair is likewise responsive to economic news – both domestic and that of key trading partners (notably China) – that shapes expectations for Reserve Bank of New Zealand monetary policy.

[zxcvb]

The price of the pair moves starting from the wave (91.10) It is noted that the limits of the main trend line drawn for this wave along the between-level (90.82) and (90.96 It is worth mentioning that the current wave goal of access to the area (89.31)

[ng1985]

pair- nzd/jpy
time frame to analysis- m30



the price is making lower to low and the macd indicator is high to lower side. price is also setup doji pattern. if this is break the resistance of moving average 14 at 89.65 long with profit target at 90.30 and stop loss at the 89.10
good luck