NZD/JPY - 1H - Technical analysis published on 06/29/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 68.92 JPY
My targets
69.40 JPY (+0.36)
69.79 JPY (+0.75)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on NZD/JPY. This is a positive signal for buyers. As long as the price remains above 68.92 JPY, a purchase could be considered. The first bullish objective is located at 69.40 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 69.79 JPY as an objective. Crossing it would then enable buyers to target 71.32 JPY. In the event of a return below 68.92 JPY, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NZD/JPY rating is 69.04 JPY. The price has increased by +0.26% since the last closing and was between 68.63 JPY and 69.23 JPY. This implies that the price is at +0.60% from its lowest and at -0.27% from its highest.68.63
69.23
69.04
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of NZD/JPY in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 68.45 | 68.74 | 68.92 | 69.04 | 69.10 | 69.40 | 69.79 |
| Change (%) | -0.85% | -0.43% | -0.17% | - | +0.09% | +0.52% | +1.09% |
| Change | -0.59 | -0.30 | -0.12 | - | +0.06 | +0.36 | +0.75 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Minor | Major |
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 | 68.16 | 68.39 | 68.63 | 68.86 | 69.10 | 69.33 | 69.57 |
| Camarilla | 68.73 | 68.77 | 68.82 | 68.86 | 68.90 | 68.95 | 68.99 |
| Woodie | 68.16 | 68.39 | 68.63 | 68.86 | 69.10 | 69.33 | 69.57 |
| Fibonacci | 68.39 | 68.57 | 68.68 | 68.86 | 69.04 | 69.15 | 69.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 66.43 | 67.24 | 68.05 | 68.86 | 69.67 | 70.48 | 71.29 |
| Camarilla | 68.42 | 68.56 | 68.71 | 68.86 | 69.01 | 69.16 | 69.31 |
| Woodie | 66.43 | 67.24 | 68.05 | 68.86 | 69.67 | 70.48 | 71.29 |
| Fibonacci | 67.24 | 67.86 | 68.24 | 68.86 | 69.48 | 69.86 | 70.48 |
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): | 62.79 | |
| MACD (12,26,9): | 0.0500 | |
| Directional Movement: | 7.76 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 69.01 | |
| Parabolic SAR (0,02-0,02-0,2): | 68.86 | |
| Elder Ray (13): | 0.11 | |
| Super Trend (3,10): | 68.67 | |
| Zig ZAG (10): | 69.11 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 80.41 | |
| TEMA (21): | 69.05 | |
| Williams %R (14): | -9.52 | |
| Chande Momentum Oscillator (20): | 0.19 | |
| Repulse (5,40,3): | 0.4200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.59 |
| MA7: | 68.94 | |
| MA20: | 69.46 | |
| MA50: | 66.92 | |
| MA100: | 66.69 | |
| MAexp7: | 69.05 | |
| MAexp20: | 68.95 | |
| MAexp50: | 68.91 | |
| MAexp100: | 68.91 | |
| Price / MA7: | +0.15% | |
| Price / MA20: | -0.60% | |
| Price / MA50: | +3.17% | |
| Price / MA100: | +3.52% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.13% | |
| Price / MAexp50: | +0.19% | |
| Price / MAexp100: | +0.19% |
Quotes :
2020-06-29 15:29:30
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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:
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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
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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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