NZD/JPY
NZD JPY
- JPY (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: NZDJPY
ISIN:

NZD/JPY - 1H - Technical analysis published on 06/18/2020 (GMT)

  • Who voted?
  • 188
  • 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
  • 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

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by RaviM. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

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:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

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:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard67.9268.3668.6269.0669.3269.7670.02
Camarilla68.6968.7568.8268.8868.9469.0169.07
Woodie67.8368.3268.5369.0269.2369.7269.93
Fibonacci68.3668.6368.7969.0669.3369.4969.76


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard64.2466.2167.7269.6971.2073.1774.68
Camarilla68.2668.5868.9069.2269.5469.8670.18
Woodie64.0066.1067.4869.5870.9673.0674.44
Fibonacci66.2167.5468.3669.6971.0271.8473.17


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard60.8762.1664.5465.8368.2169.5071.88
Camarilla65.9066.2466.5766.9167.2567.5867.92
Woodie61.4162.4365.0866.1068.7569.7772.42
Fibonacci62.1663.5764.4365.8367.2468.1069.50

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 - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Online

Overall rating :
15090
Number of analyses :
Followers :
0
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…

Add a comment

no pic

Comments

0 comments on the analysis NZD/JPY - 1H