NZD/JPY - 1H - Technical analysis published on 06/18/2020 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
44%
11%
44%
My opinion
Bearish under 68.92 JPY
My targets
68.39 JPY (-0.43)
67.72 JPY (-1.10)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 68.92 JPY remains possible. It is advisable to trade NZD/JPY with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 68.92 JPY. The next bearish objective for sellers is set at 68.39 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 67.72 JPY. In case of crossing, the next objective would be the support located at 66.96 JPY. PS: if there is a bullish break in the resistance located at 68.92 JPY we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
2.9
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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 price is 68.82 JPY. The price is lower by -0.09% since the last closing and was traded between 68.55 JPY and 69.18 JPY over the period. The price is currently at +0.39% from its lowest and -0.52% from its highest.68.55
69.18
68.82
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NZD/JPY chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a slightly bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 65.11 | 66.96 | 68.39 | 68.82 | 68.92 | 69.75 | 70.50 |
Change (%) | -5.39% | -2.70% | -0.62% | - | +0.15% | +1.35% | +2.44% |
Change | -3.71 | -1.86 | -0.43 | - | +0.10 | +0.93 | +1.68 |
Level | Intermediate | Intermediate | Intermediate | - | Minor | Major | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 67.92 | 68.36 | 68.62 | 69.06 | 69.32 | 69.76 | 70.02 |
Camarilla | 68.69 | 68.75 | 68.82 | 68.88 | 68.94 | 69.01 | 69.07 |
Woodie | 67.83 | 68.32 | 68.53 | 69.02 | 69.23 | 69.72 | 69.93 |
Fibonacci | 68.36 | 68.63 | 68.79 | 69.06 | 69.33 | 69.49 | 69.76 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 64.24 | 66.21 | 67.72 | 69.69 | 71.20 | 73.17 | 74.68 |
Camarilla | 68.26 | 68.58 | 68.90 | 69.22 | 69.54 | 69.86 | 70.18 |
Woodie | 64.00 | 66.10 | 67.48 | 69.58 | 70.96 | 73.06 | 74.44 |
Fibonacci | 66.21 | 67.54 | 68.36 | 69.69 | 71.02 | 71.84 | 73.17 |
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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 49.20 | |
MACD (12,26,9): | -0.0800 | |
Directional Movement: | -1.29 | |
AROON (14): | -71.43 | |
DEMA (21): | 68.70 | |
Parabolic SAR (0,02-0,02-0,2): | 69.07 | |
Elder Ray (13): | 0.05 | |
Super Trend (3,10): | 69.24 | |
Zig ZAG (10): | 68.89 | |
VORTEX (21): | 1.0400 | |
Stochastique (14,3,5): | 37.61 | |
TEMA (21): | 68.71 | |
Williams %R (14): | -41.82 | |
Chande Momentum Oscillator (20): | -0.04 | |
Repulse (5,40,3): | 0.1900 | |
ROCnROLL: | -1 | |
TRIX (15,9): | -0.0200 | |
Courbe Coppock: | 0.59 |
MA7: | 69.19 | |
MA20: | 68.64 | |
MA50: | 66.40 | |
MA100: | 66.80 | |
MAexp7: | 68.76 | |
MAexp20: | 68.82 | |
MAexp50: | 68.97 | |
MAexp100: | 69.13 | |
Price / MA7: | -0.53% | |
Price / MA20: | +0.26% | |
Price / MA50: | +3.64% | |
Price / MA100: | +3.02% | |
Price / MAexp7: | +0.09% | |
Price / MAexp20: | -0% | |
Price / MAexp50: | -0.22% | |
Price / MAexp100: | -0.45% |
Quotes :
2020-06-18 23:52:02
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Real time data
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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.
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