NZD/JPY - 15 min. - Technical analysis published on 06/11/2020 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
33%
17%
50%
My opinion
Bearish under 69.93 JPY
My targets
69.35 JPY (-0.52)
69.04 JPY (-0.83)
My analysis
The bearish basic trend is very strong on NZD/JPY but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 69.93 JPY. Crossing the first support at 69.35 JPY would be a sign of a further potential price plummet. Sellers would then use the next support located at 69.04 JPY as an objective. Crossing it would then enable sellers to target 68.46 JPY. Caution, a return to above the resistance located at 69.93 JPY would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
4.8
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This analysis was given by RaviM. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NZD/JPY rating is 69.87 JPY. The price has increased by +0.29% since the last closing and was traded between 69.65 JPY and 69.97 JPY over the period. The price is currently at +0.32% from its lowest and -0.14% from its highest.69.65
69.97
69.87
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 (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this NZD/JPY chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 67.51 | 69.36 | 69.81 | 69.87 | 70.50 | 71.32 | 72.41 |
| Change (%) | -3.38% | -0.73% | -0.09% | - | +0.90% | +2.08% | +3.64% |
| Change | -2.36 | -0.51 | -0.06 | - | +0.63 | +1.45 | +2.54 |
| Level | Intermediate | Major | Intermediate | - | Minor | Major | Minor |
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 | 68.46 | 69.04 | 69.35 | 69.93 | 70.24 | 70.82 | 71.13 |
| Camarilla | 69.43 | 69.51 | 69.59 | 69.67 | 69.75 | 69.83 | 69.92 |
| Woodie | 68.34 | 68.97 | 69.23 | 69.86 | 70.12 | 70.75 | 71.01 |
| Fibonacci | 69.04 | 69.38 | 69.59 | 69.93 | 70.27 | 70.48 | 70.82 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 63.00 | 64.77 | 68.04 | 69.81 | 73.08 | 74.85 | 78.12 |
| Camarilla | 69.92 | 70.39 | 70.85 | 71.31 | 71.77 | 72.23 | 72.70 |
| Woodie | 63.75 | 65.15 | 68.79 | 70.19 | 73.83 | 75.23 | 78.87 |
| Fibonacci | 64.77 | 66.70 | 67.89 | 69.81 | 71.74 | 72.93 | 74.85 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 60.87 | 62.16 | 64.54 | 65.83 | 68.21 | 69.50 | 71.88 |
| Camarilla | 65.90 | 66.24 | 66.57 | 66.91 | 67.25 | 67.58 | 67.92 |
| Woodie | 61.41 | 62.43 | 65.08 | 66.10 | 68.75 | 69.77 | 72.42 |
| Fibonacci | 62.16 | 63.57 | 64.43 | 65.83 | 67.24 | 68.10 | 69.50 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.07 | |
| MACD (12,26,9): | -0.0800 | |
| Directional Movement: | -2.66 | |
| AROON (14): | -42.85 | |
| DEMA (21): | 69.78 | |
| Parabolic SAR (0,02-0,02-0,2): | 69.65 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 70.06 | |
| Zig ZAG (10): | 69.88 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 31.88 | |
| TEMA (21): | 69.69 | |
| Williams %R (14): | -65.22 | |
| Chande Momentum Oscillator (20): | -0.22 | |
| Repulse (5,40,3): | -0.0200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.84 |
| MA7: | 70.38 | |
| MA20: | 67.70 | |
| MA50: | 66.00 | |
| MA100: | 66.92 | |
| MAexp7: | 69.80 | |
| MAexp20: | 69.89 | |
| MAexp50: | 70.02 | |
| MAexp100: | 70.13 | |
| Price / MA7: | -0.72% | |
| Price / MA20: | +3.21% | |
| Price / MA50: | +5.86% | |
| Price / MA100: | +4.41% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.21% | |
| Price / MAexp100: | -0.37% |
Quotes :
2020-06-11 01:24:37
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Real time data
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Forex
News
Don"t forget to follow the news on NZD/JPY. At the time of publication of this analysis, the latest news was 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.
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