NZD/JPY - 15 min. - Technical analysis published on 06/21/2020 (GMT)
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- Timeframe : 15 min.
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
33%
22%
44%
My opinion
Bearish under 68.62 JPY
My targets
68.26 JPY (-0.12)
68.04 JPY (-0.34)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on NZD/JPY. As long as you are under the resistance located at 68.62 JPY, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 68.26 JPY would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 68.04 JPY as an objective. Crossing it would then enable sellers to target 67.68 JPY. If the resistance 68.62 JPY were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
3.6
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This analysis was given by RaviM. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NZD/JPY rating 68.38 JPY. The price is lower by -0.13% since the last closing and was between 68.05 JPY and 68.40 JPY. This implies that the price is at +0.48% from its lowest and at -0.03% from its highest.68.05
68.40
68.38
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NZD/JPY:
Technical
Technical analysis of NZD/JPY in 15 min. shows an overall bearish trend. 78.57% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 8 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 15 minutes
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 68.19 | 68.38 | 68.43 | 68.99 | 69.75 |
| Change (%) | -4.78% | -2.08% | -0.28% | - | +0.07% | +0.89% | +2.00% |
| Change | -3.27 | -1.42 | -0.19 | - | +0.05 | +0.61 | +1.37 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 67.68 | 68.04 | 68.26 | 68.62 | 68.84 | 69.20 | 69.42 |
| Camarilla | 68.31 | 68.36 | 68.42 | 68.47 | 68.52 | 68.58 | 68.63 |
| Woodie | 67.60 | 68.01 | 68.18 | 68.59 | 68.76 | 69.17 | 69.34 |
| Fibonacci | 68.04 | 68.27 | 68.40 | 68.62 | 68.85 | 68.98 | 69.20 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 66.27 | 67.33 | 67.90 | 68.96 | 69.53 | 70.59 | 71.16 |
| Camarilla | 68.02 | 68.17 | 68.32 | 68.47 | 68.62 | 68.77 | 68.92 |
| Woodie | 66.03 | 67.21 | 67.66 | 68.84 | 69.29 | 70.47 | 70.92 |
| Fibonacci | 67.33 | 67.95 | 68.34 | 68.96 | 69.58 | 69.97 | 70.59 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 45.70 | |
| MACD (12,26,9): | -0.0700 | |
| Directional Movement: | -1.63 | |
| AROON (14): | -21.42 | |
| DEMA (21): | 68.27 | |
| Parabolic SAR (0,02-0,02-0,2): | 68.08 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 68.44 | |
| Zig ZAG (10): | 68.28 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 41.53 | |
| TEMA (21): | 68.21 | |
| Williams %R (14): | -60.78 | |
| Chande Momentum Oscillator (20): | -0.22 | |
| Repulse (5,40,3): | -0.0700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.75 |
| MA7: | 68.99 | |
| MA20: | 68.91 | |
| MA50: | 66.50 | |
| MA100: | 66.77 | |
| MAexp7: | 68.29 | |
| MAexp20: | 68.36 | |
| MAexp50: | 68.48 | |
| MAexp100: | 68.59 | |
| Price / MA7: | -0.88% | |
| Price / MA20: | -0.77% | |
| Price / MA50: | +2.83% | |
| Price / MA100: | +2.41% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | -0.15% | |
| Price / MAexp100: | -0.31% |
Quotes :
2020-06-21 22:58:53
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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)
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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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