NZD/JPY - Daily - Technical analysis published on 02/07/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 89.53 JPY
My targets
91.22 JPY (+0.99)
93.84 JPY (+3.61)
My analysis
A bullish trend on NZD/JPY both in substance and in the short term. A purchase could be considered as long as the price remains above 89.53 JPY. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 91.22 JPY. Then the price could move towards 93.84 JPY. Be careful, a return below 89.53 JPY would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.6
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This analysis was given by shadybhai. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NZD/JPY rating is 90.23 JPY. On the day, this instrument gained +0.09% with the lowest point at 90.09 JPY and the highest point at 90.25 JPY. The deviation from the price is +0.16% for the low point and -0.02% for the high point.90.09
90.25
90.23
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this NZD/JPY chart shows a bullish trend. The signals given by moving averages are 75.00% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of triangle
Type : Bearish
Timeframe : Daily
Near support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
S3 | S2 | S1 | Price | R1 | R2 | |
---|---|---|---|---|---|---|
ProTrendLines | 87.76 | 89.53 | 90.20 | 90.23 | 91.22 | 93.84 |
Change (%) | -2.74% | -0.78% | -0.03% | - | +1.10% | +4.00% |
Change | -2.47 | -0.70 | -0.03 | - | +0.99 | +3.61 |
Level | Major | Major | Intermediate | - | Major | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 89.45 | 89.62 | 89.89 | 90.06 | 90.33 | 90.50 | 90.77 |
Camarilla | 90.03 | 90.07 | 90.11 | 90.15 | 90.19 | 90.23 | 90.27 |
Woodie | 89.49 | 89.65 | 89.93 | 90.09 | 90.37 | 90.53 | 90.81 |
Fibonacci | 89.62 | 89.79 | 89.90 | 90.06 | 90.23 | 90.34 | 90.50 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 87.78 | 88.51 | 89.25 | 89.98 | 90.72 | 91.45 | 92.19 |
Camarilla | 89.58 | 89.71 | 89.85 | 89.98 | 90.12 | 90.25 | 90.38 |
Woodie | 87.78 | 88.51 | 89.25 | 89.98 | 90.72 | 91.45 | 92.19 |
Fibonacci | 88.51 | 89.08 | 89.42 | 89.98 | 90.55 | 90.89 | 91.45 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 86.30 | 87.47 | 88.66 | 89.83 | 91.02 | 92.19 | 93.38 |
Camarilla | 89.21 | 89.43 | 89.64 | 89.86 | 90.08 | 90.29 | 90.51 |
Woodie | 86.32 | 87.48 | 88.68 | 89.84 | 91.04 | 92.20 | 93.40 |
Fibonacci | 87.47 | 88.37 | 88.93 | 89.83 | 90.73 | 91.29 | 92.19 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 51.94 | |
MACD (12,26,9): | 0.0400 | |
Directional Movement: | -5.97 | |
AROON (14): | -71.43 | |
DEMA (21): | 90.22 | |
Parabolic SAR (0,02-0,02-0,2): | 90.59 | |
Elder Ray (13): | 0.01 | |
Super Trend (3,10): | 90.98 | |
Zig ZAG (10): | 90.21 | |
VORTEX (21): | 1.0400 | |
Stochastique (14,3,5): | 55.13 | |
TEMA (21): | 90.13 | |
Williams %R (14): | -38.46 | |
Chande Momentum Oscillator (20): | 0.24 | |
Repulse (5,40,3): | 0.1900 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0200 | |
Courbe Coppock: | 0.73 |
MA7: | 90.07 | |
MA20: | 90.27 | |
MA50: | 89.95 | |
MA100: | 89.38 | |
MAexp7: | 90.13 | |
MAexp20: | 90.14 | |
MAexp50: | 89.89 | |
MAexp100: | 89.25 | |
Price / MA7: | +0.18% | |
Price / MA20: | -0.04% | |
Price / MA50: | +0.31% | |
Price / MA100: | +0.95% | |
Price / MAexp7: | +0.11% | |
Price / MAexp20: | +0.10% | |
Price / MAexp50: | +0.38% | |
Price / MAexp100: | +1.10% |
Quotes :
-
Real time data
-
Forex
News
The latest news and videos published on NZD/JPY at the time of the analysis were as follows:
- NZD/JPY Can Take Advantage of, But Not Dependent on Risk Appetite (Quick Takes Video)
- Technica Focus: Big Confluence in NZD/JPY
- Why selling the NZD/JPY could be ‘a good short-term trade’
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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