NZD/JPY - 1H - Technical analysis published on 07/15/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Neutral
Technical indicators
50%
11%
39%
My opinion
Neutral between 69.97 JPY and 70.45 JPY
My targets
-
My analysis
There is no basic trend on NZD/JPY and in the short term, there are still few buyers. It is difficult to advise a trading direction under these conditions. The nearest resistance is located at 70.45 JPY. The nearest support is located at 69.97 JPY. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NZD/JPY rating 70.25 JPY. On the day, this instrument gained +0.10% and was traded between 70.01 JPY and 70.41 JPY over the period. The price is currently at +0.34% from its lowest and -0.23% from its highest.70.01
70.41
70.25
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NZD/JPY indicates that the overall trend is not clearly defined. The slightly bullish signals currently given by short-term moving averages could allow the overall trend to return to a slightly bullish trend. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
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 | 69.81 | 69.97 | 70.21 | 70.25 | 70.28 | 70.45 | 70.60 |
| Change (%) | -0.63% | -0.40% | -0.06% | - | +0.04% | +0.28% | +0.50% |
| Change | -0.44 | -0.28 | -0.04 | - | +0.03 | +0.20 | +0.35 |
| Level | Minor | Minor | Major | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 69.52 | 69.67 | 69.92 | 70.07 | 70.32 | 70.47 | 70.72 |
| Camarilla | 70.07 | 70.11 | 70.14 | 70.18 | 70.22 | 70.25 | 70.29 |
| Woodie | 69.58 | 69.70 | 69.98 | 70.10 | 70.38 | 70.50 | 70.78 |
| Fibonacci | 69.67 | 69.82 | 69.91 | 70.07 | 70.22 | 70.31 | 70.47 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 69.17 | 69.56 | 69.93 | 70.32 | 70.69 | 71.08 | 71.45 |
| Camarilla | 70.08 | 70.15 | 70.22 | 70.29 | 70.36 | 70.43 | 70.50 |
| Woodie | 69.15 | 69.56 | 69.91 | 70.32 | 70.67 | 71.08 | 71.43 |
| Fibonacci | 69.56 | 69.85 | 70.03 | 70.32 | 70.61 | 70.79 | 71.08 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 61.78 | 64.16 | 66.91 | 69.29 | 72.04 | 74.42 | 77.17 |
| Camarilla | 68.25 | 68.72 | 69.19 | 69.66 | 70.13 | 70.60 | 71.07 |
| Woodie | 61.97 | 64.25 | 67.10 | 69.38 | 72.23 | 74.51 | 77.36 |
| Fibonacci | 64.16 | 66.12 | 67.33 | 69.29 | 71.25 | 72.46 | 74.42 |
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): | 51.25 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 0.32 | |
| AROON (14): | -57.15 | |
| DEMA (21): | 70.19 | |
| Parabolic SAR (0,02-0,02-0,2): | 70.33 | |
| Elder Ray (13): | -0.04 | |
| Super Trend (3,10): | 69.92 | |
| Zig ZAG (10): | 70.18 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 41.67 | |
| TEMA (21): | 70.21 | |
| Williams %R (14): | -47.50 | |
| Chande Momentum Oscillator (20): | -0.11 | |
| Repulse (5,40,3): | 0.0700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.09 |
| MA7: | 70.32 | |
| MA20: | 69.67 | |
| MA50: | 68.25 | |
| MA100: | 66.65 | |
| MAexp7: | 70.23 | |
| MAexp20: | 70.18 | |
| MAexp50: | 70.18 | |
| MAexp100: | 70.22 | |
| Price / MA7: | -0.10% | |
| Price / MA20: | +0.83% | |
| Price / MA50: | +2.93% | |
| Price / MA100: | +5.40% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | +0.10% | |
| Price / MAexp100: | +0.04% |
Quotes :
2020-07-15 15:22:41
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Real time data
-
Forex
News
The last news published on NZD/JPY at the time of the generation of this analysis 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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