30.07.26 Daily ForecastGood day guys!!
Again, a super busy morning today and with a live webinar I also have to attend I had no time to record. Tomorrow I will be back with a video forecast for you guys before the weekend!
Pairs on watch -
FX:NZDJPY : I am currently long on this pair after price failed to sell to the downside multiple times. We have a larger 123 structure with an internal 123 as well, price sold off, failed to provide a bearish continuation and instead broke back to the upside. We then had a simple 123 impulse -> correction -> impulse on the 15M where I am now looking to manage into the highs for a 4-5% target. The higher timeframe looks great for the next impulsive leg to the upside, and clear highs above price could be reaching for.
New Zealand Dollar / Japanese Yen
No trades
No trades
In-depth trading ideas
NZDJPY - Long squeeze before a rally. Bullish trendFX:NZDJPY is consolidating following a distribution phase, while the broader trend remains bullish. The continued weakness of the Japanese yen is providing medium-term support for the pair
The Japanese yen remains under pressure, which continues to favor the New Zealand dollar. From a technical perspective, NZDJPY is maintaining its bullish structure while consolidating within the 94.59–95.35 range. A false breakout below support could shift the short-term imbalance back in favor of buyers and trigger the next leg higher
Resistance levels: 95.19, 95.35
Support levels: 94.59, 94.45
A false break below the 94.58–94.45 support zone, followed by a recovery back into the range and sustained consolidation above this key area, could become the technical catalyst for a continuation of the primary bullish trend
Best regards,
R. Linda
24.07.26 Daily ForecastPairs on Watch -
FX:NZDJPY : I am still running live in this short position, some accounts were taken out for a breakeven through Asia session and some accounts stayed in. I will be monitoring and managing this position through today and have a take profit set at 3%, so lets see what happens!
FX:CADJPY : This is actually a hedge against my NZDJPY position above, as I am looking for the longs on this pair into the next high. I cannot be bias in my Yen direction and staying open minded with what price action is telling, right now on the higher timeframe this pair looks bullish. If we get 1H development and a completed base, I will look for a risk entry filtered to the 15M for a long and manage into the next main high.
FX:EURNZD : We can see on the higher timeframe a nice bullish sentiment starting to come in, however we are on the third daily candle where we know we can provide deeper pullbacks. On the lower timeframes price has shown its hand and given us a decent impulsive move for this pair, now similar to CADJPY it is all about 1H development. If we get a completion of the structure on the 1H timeframe I will look for a risk entry long.
23.07.26 Daily ForecastPairs on Watch -
FX:NZDJPY : Currently live in a short position on this pair. We can see the isolated structure being a two touch with an internal approach on the 15M, one of my go-to setups. The higher timeframe has done the minimum to warrant the shorts to come in, and I am aware I will need to be on my management game if price approach the 1% mark at the lows and begins to reverse. At this point I will be at breakeven.
FX:GBPUSD : This pair looks really great for a little more develop back into the ray line value area but if we get the depth and potentially some internal structure, a 1H risk entry is highly likely. The DXY may pull back deeper into the next low which is fine, that will give this pair a chance to develop a little more and create depth for us to then get short.
FX:EURUSD : A little hedge with this pair in terms of the DXY going long earlier. If the DXY has completed its pullback and it starts to go long earlier, this pair could give us a great insurance entry for the sells that will be manageable into the low. I am using EU/GU and the DXY in line with each other monitor development into London session and look at the possibility of there being an earlier short entry.
Bearish drop off?NZD/JPY has rejected off the resistance and could drop from this level to our take profit.
Entry: 94.85
Why we like it:
There is a pullback resistance level.
Stop loss: 95.41
Why we like it:
There is a pullback resistance level.
Take profit: 93.73
Why we like it:
There is a pullback support level that aligns with the 38.2% Fibonacci retracement.
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Falling toward key support?NZD/JPY is falling toward the pivot, which is an overlap support that aligns with the 38.2% Fibonacci retracement and could bounce toward the 1st resistance.
Pivot: 93.77
1st Support: 93.08
1st Resistance: 94.85
Disclaimer:
The opinions given above constitute general market commentary and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended to be informative only, and are not advice, a recommendation, research, a record of our trading prices, an offer of, or solicitation for, a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation, or needs of any specific person who may receive it. Please be aware that past performance is not a reliable indicator of future performance and/or results. Past performance or forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast, or any information supplied by any third party.
NZDJPY H4 | Bullish Continuation SetupThe price is falling to our buy entry level at 94.27, which is a pullback support that aligns with the 23.6% Fibonacci retracement.
Our stop loss is set at 93.72, which is an overlap support that aligns with the 38.2% Fibonacci retracement.
Our take profit is set at 95.03, which is a pullback resistance.
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NZDJPY: Bullish Push to 95.318?FX:NZDJPY is eyeing a bullish continuation on the 4-hour chart , with price rebounding from support after recent consolidation, converging with a potential entry zone that could ignite upside momentum if buyers defend amid volatility. This setup suggests a rally opportunity, targeting higher resistance levels with 1:4.5 risk-reward .🔥
Entry between 94.475–94.558 (entry from current price with proper risk management is recommended). Target at 95.318 . Set a stop loss at a daily close below 94.400 , yielding a risk-reward ratio of 1:4.5 . Monitor for confirmation via a bullish candle close above entry with rising volume, leveraging the pair's momentum near support.🌟
Fundamentally , NZDJPY is trading around 94.58 in late July 2026.
For the New Zealand Dollar, one of the most important releases around July 24 is related to RBNZ communications or inflation expectations, where dovish signals would support NZD weakness.
For the Japanese Yen, key focus is on BoJ-related data or economic indicators, where any sign of continued loose policy would keep JPY under pressure and favor bullish NZDJPY. 💡
📝 Trade Setup
🎯 Entry (Long):
94.475 – 94.558
(Entry from current price is acceptable with proper position sizing and disciplined risk management.)
🎯 Target:
95.318
❌ Stop Loss:
• 4-hour candle close below 94.400
📈 Risk-to-Reward:
1:4.5
💡 Will buyers successfully defend the 94.475–94.558 support zone and push NZDJPY toward 95.318, or will sellers break support and invalidate the bullish setup? 👇
Potential bearish drop?NZD/JPY is reacting off the pivot, which acts as a pullback resistance and could drop towards the 1st support that aligns with the 78.6% Fibonacci projection and the 161.8% Fibonacci extension.
Pivot: 94.90
1st Support: 94.58
1st Resistance: 95.17
Disclaimer:
The opinions given above constitute general market commentary and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended to be informative only, and are not advice, a recommendation, research, a record of our trading prices, an offer of, or solicitation for, a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation, or needs of any specific person who may receive it. Please be aware that past performance is not a reliable indicator of future performance and/or results. Past performance or forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast, or any information supplied by any third party.
Risky short setup?NZD/JPY has reacted off the resistance level, which is a pullback resistance, and could potentially drop from this level to our take profit.
Entry: 94.85
Why we like it:
There is a pullback resistance level.
Stop loss: 95.41
Why we like it:
There is a pullback resistance level.
Take profit: 93.91
Why we like it:
There is a pullback support level that aligns with the 38.2% Fibonacci retracement.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
NZDJPY: Bearish Continuation & Short Trade
NZDJPY
- Classic bearish formation
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Sell NZDJPY
Entry Level - 94.827
Sl - 94.915
Tp - 94.684
Our Risk - 1%
Start protection of your profits from lower levels
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Swing high resistance?NZD/JPY is rising toward the pivot, which is swing-high resistance and could reverse toward the 1st support, which is a pullback support.
Pivot: 95.36
1st Support: 94.50
1st Resistance: 96.36
Disclaimer:
The opinions given above constitute general market commentary and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended to be informative only, and are not advice, a recommendation, research, a record of our trading prices, an offer of, or solicitation for, a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation, or needs of any specific person who may receive it. Please be aware that past performance is not a reliable indicator of future performance and/or results. Past performance or forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast, or any information supplied by any third party.
NZDJPY: Bullish Continuation 🇳🇿🇯🇵
NZDJPY completed a consolidation within a bullish flag pattern,
breaking its upper boundary.
The market will likely continue rising and reach 0.9534 level.
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NZDJPY: Bullish Continuation
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the NZDJPY pair price action which suggests a high likelihood of a coming move up.
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