NZDJPY Bullish

Analysis Price: 87.59 (Updated: 2 July 2025, 04:05 UTC)

Comprehensive analysis for NZDJPY showing a predominantly bullish bias with 72% bullish consensus based on combined analytical factors. Raw trader sentiment shows 43% long, 57% short. Market structure, technical patterns, and key levels examined across multiple timeframes.

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Signal Overview

Bullish Medium Confidence Very high Risk

Market Consensus:

72% Long

28% Short

Valid Timeframes:

M15 H1 H4 D1

Signal Analysis:

The analysis indicates a medium confidence bullish bias for NZDJPY (signal strength: 45%). Supporting factors include: High probability (95%) support zone detected at 87; NZD is showing relative strength against JPY (diff: 74%). Contradicting factors: Retail sentiment is 57% bearish; Technical patterns identified: Bearish Engulfing (D1). Risk assessment for this trade is very high. This signal is most valid on the M15, H1, H4, D1 timeframes.

Sentiment Analysis

Note: The sentiment chart below shows actual trader positioning data (43% long / 57% short). The overall bullish bias (72%) mentioned in the page header represents our analytical consensus based on combined technical factors beyond raw sentiment.

LONG SHORT

43% 57%

Historical Sentiment (7 Days)

Sentiment Interpretation

Neutral sentiment with a balanced distribution between long and short positions. This suggests indecision in the market, which could precede a significant move once a clear direction emerges.

Support & Resistance Analysis

Resistance Levels

R1: 87.89 0.34% ↑

Analysis Price: 87.59

Support Levels

S1: 87.01 0.66% ↓

Market Regime:

Range

Analyst Bias:

Unknown

Direction Probability:

55%

Price Position Analysis

Price is between support at 87.01 (0.66% below analysis price) and resistance at 87.89 (0.34% above), with slightly closer proximity to resistance. Watch for rejection confirmation at resistance or break above.

Chart Pattern Analysis

68%

Symmetric Triangle

Reliability:

68%

Detected: Jul 1, 08:31

56%

Bearish Engulfing

Reliability:

56%

Detected: Jul 1, 05:50

50%

Rectangle

Reliability:

50%

Detected: Jul 1, 04:32

Pattern Analysis Interpretation

Predominantly neutral patterns detected, suggesting a potential consolidation phase. The most reliable pattern is a neutral Symmetric Triangle on the D1 timeframe with 68% historical reliability. Multiple timeframes showing pattern confirmation increases the reliability of the signal.

High Probability Zones

Support Zone

95%

Zone Level:

87.00

analysis price:

87.59

Distance:

0.67%

Confluence Factors:

Morning Star 79% Retracement

Valid on Timeframes:

H1 H4 D1 W1

Resistance Zone

94%

Zone Level:

89.00

analysis price:

87.59

Distance:

1.61%

Confluence Factors:

Head and Shoulders 61.8% Retracement

Valid on Timeframes:

H1 H4 D1 W1

High Probability Zones Interpretation

Price is approaching a high probability (95%) support zone at 87.00, currently 0.67% away. Consider preparing a buy strategy as price approaches this level, watching for confirmation signals.

Multiple high probability zones exist for this pair, indicating a well-structured technical environment with clear levels for trading decisions.

Volatility Analysis

Select Timeframe:

Daily Range (pips):

0.9

Volatility Regime:

Normal

Volatility Level:

43%

10-Day ATR Trend

Volatility Interpretation (H1)

NZDJPY is showing normal volatility (43 percentile) with an expected daily range of 0.9 pips. This represents average market conditions conducive to standard trading strategies. Standard position sizing and stop loss parameters are appropriate.

Correlation Analysis

Top Correlations with NZDJPY

USDJPY

0.90

CHFJPY

0.88

EURNZD

-0.87

AUDJPY

0.80

NZDUSD

0.77

Correlation Interpretation

Understanding how NZDJPY correlates with other pairs can help with portfolio diversification and risk management. Strong positive correlations (above 0.7) indicate pairs that move similarly, while strong negative correlations (below -0.7) show pairs that typically move in opposite directions.

NZDJPY shows strong positive correlation with: USDJPY, CHFJPY, AUDJPY, NZDUSD. This means these pairs tend to move in the same direction. Trading in the same direction on multiple correlated pairs increases portfolio risk, while finding divergences between correlated pairs can highlight potential reversal opportunities.

NZDJPY shows strong negative correlation with: EURNZD. This means these pairs tend to move in opposite directions. Negatively correlated pairs can be useful for hedging strategies or to confirm signals (a buy signal in one pair would be supported by a sell signal in the negatively correlated pair).

Currency Strength Analysis

Select Timeframe:

NZD

-0.28

Neutral

JPY

0.02

Neutral

Relative Strength:

-0.30

Bearish Bias

Currency Strength Interpretation (M15)

JPY is moderately stronger than NZD on the M15 timeframe, with a relative strength of -0.30. This suggests a mild bearish bias for NZDJPY. Monitor for additional confirmation signals before entering a short position.

How to Use This Analysis

This comprehensive analysis provides multiple perspectives on NZDJPY to help inform your trading decisions:

Sentiment Analysis: Use to understand market positioning and potential contrarian opportunities
Support & Resistance: Identify key price levels for setting stop losses and take profits
Pattern Analysis: Recognize technical formations that may indicate continuation or reversal
Volatility Analysis: Adjust position sizing and risk management based on current market conditions
Currency Strength: Compare the relative performance of individual currencies within the pair
Correlation Analysis: Understand how this pair moves in relation to others for portfolio diversification

For optimal results, consider how these different factors align. The strongest trading opportunities typically occur when multiple analytical tools show confirmation across different timeframes.