NZDJPY Neutral

Analysis Price: 93.572 (Updated: 19 August 2026, 03:18 UTC)

Comprehensive analysis for NZDJPY showing neutral market bias. Market structure, technical patterns, and key levels examined across multiple timeframes.

View NZDJPY sentiment overview

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Signal Overview

Neutral Low Confidence Medium Risk

Signal Balance:

47% Long

53% Short

Valid Timeframes:

M15 H1 H4 D1

Signal Analysis:

The analysis indicates a neutral outlook for NZDJPY. Supporting factors include: High probability (75%) resistance zone detected at 94.042; Retail sentiment is balanced (48% long, 52% short); The relative strength between NZD and JPY is balanced. Contradicting factors: Price is near a support level at 93.460 (0.12% below current price); Technical patterns identified: Three Black Crows (H1), Double Top (H1). Risk assessment for this trade is medium.

Sentiment Analysis

LONG SHORT

48% 52%

Historical Sentiment

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

Analysis Price: 93.572

Resistance Levels

R1: 94.042 0.50% ↑

R2: 94.297 0.77% ↑

R3: 95.309 1.86% ↑

Support Levels

S1: 93.460 0.12% ↓

S2: 92.816 0.81% ↓

S3: 91.938 1.75% ↓

Market Regime:

Range

Analyst Bias:

Neutral

Analyst Comment:

Momentum is stalling (MACD histogram negative) inside a 92.8-94.3 range with neutral retail positioning. Trade the boundaries only.

Direction Probability:

54%

Price Position Analysis

Price is currently near support at 93.460 (0.12% below analysis price) with resistance at 94.042 (0.50% above). This position near support could present a potential buying opportunity with a favorable risk-reward ratio.

Chart Pattern Analysis

78%

Three Black Crows

Reliability:

78%

Detected: Aug 19, 00:00

75%

Double Top

Reliability:

75%

Detected: Aug 18, 21:00

66%

Bearish Engulfing

Reliability:

66%

Detected: Aug 18, 00:00

66%

Bearish Engulfing

Reliability:

66%

Detected: Aug 18, 12:00

Pattern Analysis Interpretation

Predominantly bearish patterns detected across timeframes, suggesting downward pressure. The most reliable pattern is a bearish Three Black Crows on the H1 timeframe with 78% historical reliability. Multiple timeframes showing pattern confirmation increases the reliability of the signal.

High Probability Zones

Resistance Zone

75%

Zone Level:

94.042

analysis price:

93.572

Distance:

0.42%

Confluence Factors:

Three Black Crows 38% Retracement

Valid on Timeframes:

H1 H4 D1 W1

Support Zone

64%

Zone Level:

93.625

analysis price:

93.572

Distance:

0.03%

Confluence Factors:

50% Retracement

Valid on Timeframes:

H1 H4 D1 W1

Resistance Zone

62%

Zone Level:

94.297

analysis price:

93.572

Distance:

0.69%

Confluence Factors:

Three Black Crows

Valid on Timeframes:

H1 H4 D1 W1

Support Zone

51%

Zone Level:

93.257

analysis price:

93.572

Distance:

0.42%

Confluence Factors:

Valid on Timeframes:

H1 H4 D1

High Probability Zones Interpretation

Price is extremely close to a high probability (75%) resistance zone at 94.042. This presents a potential selling opportunity with stop loss slightly above the zone. Multiple confluence factors strengthen this level's significance.

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):

11.5

Volatility Regime:

High

Volatility Level:

87%

10-Day ATR Trend

Volatility Interpretation (H1)

NZDJPY is experiencing high volatility (87 percentile) with an expected daily range of 11.5 pips. This above-average movement creates trading opportunities but requires careful risk management. Consider slightly wider stop losses and moderate position sizing.

Correlation Analysis

Top Correlations with NZDJPY

AUDJPY

0.82

GBPJPY

0.80

CHFJPY

0.80

EURJPY

0.77

CADJPY

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: AUDJPY, GBPJPY, CHFJPY, EURJPY, CADJPY. 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.

Currency Strength Analysis

Select Timeframe:

NZD

-1.00

Very-weak

JPY

0.68

Strong

Relative Strength:

-1.68

Bearish Bias

Currency Strength Interpretation (M15)

JPY is significantly stronger than NZD on the M15 timeframe, with a relative strength of -1.68. This suggests a strong bearish bias for NZDJPY. With JPY showing absolute strength and NZD showing absolute weakness, this is an ideal scenario for 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.