NZD/JPY
NZD JPY
69.74 JPY (-0.40%)
Real time data - Forex
Open: 70.02
Change: -0.28
Volume: 103,271
Low: 69.65
High: 70.04
High / Low range: 0.39
Type: Forex
Ticker: NZDJPY
ISIN:

NZD/JPY - 1H - Technical analysis published on 08/01/2020

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  • Timeframe : 1H
  • - Analysis generated on 2020-08-01 04:33:41
  • Status : INVALID

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Bullish
Technical indicators
61%
17%
22%
My opinion
Bullish above 70.10 JPY
My targets
70.58 JPY (+0.40)
71.32 JPY (+1.14)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NZD/JPY as long as the price remains well above 70.10 JPY. The buyers” bullish objective is set at 70.58 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 71.32 JPY. If there is any crossing, the next objective would be the resistance located at 71.68 JPY.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.7

Complete this analysis for another time unit:
15 min. Daily Weekly
Attention: This analysis is for information purposes only and does not constitute personalized investment advice or an incentive 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 analysis. 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.

Additional analysis

Quotes

The NZD/JPY price is 70.18 JPY. On the day, this instrument gained +0.13% and was traded between 69.66 JPY and 70.50 JPY over the period. The price is currently at +0.75% from its lowest and -0.45% from its highest.

69.66
70.50
70.18

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 (1st january)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this NZD/JPY chart shows a bullish trend. 75.00% 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase are moderate given the direction of the technical indicators.
The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour



The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 69.55 69.84 70.10 70.18 70.58 71.32 71.68
Change (%) -0.90% -0.48% -0.11% - +0.57% +1.62% +2.14%
Change -0.63 -0.34 -0.08 - +0.40 +1.14 +1.50
Level Minor Intermediate Major - Minor Major Minor



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
Standard69.0469.3069.6969.9570.3470.6070.99
Camarilla69.9169.9770.0370.0970.1570.2170.27
Woodie69.1269.3369.7769.9870.4270.6371.07
Fibonacci69.3069.5569.7069.9570.2070.3570.60


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard68.1469.0869.7970.7371.4472.3873.09
Camarilla70.0470.1970.3470.4970.6470.7970.94
Woodie68.0269.0269.6770.6771.3272.3272.97
Fibonacci69.0869.7170.1070.7371.3671.7572.38


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard61.7864.1666.9169.2972.0474.4277.17
Camarilla68.2568.7269.1969.6670.1370.6071.07
Woodie61.9764.2567.1069.3872.2374.5177.36
Fibonacci64.1666.1267.3369.2971.2572.4674.42

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): 55.42
MACD (12,26,9): 0.0800
Directional Movement: 9.77
AROON (14): 28.58
DEMA (21): 70.21
Parabolic SAR (0,02-0,02-0,2): 70.09
Elder Ray (13): 0.06
Super Trend (3,10): 69.83
Zig ZAG (10): 70.18
VORTEX (21): 1.0400
Stochastique (14,3,5): 49.74
TEMA (21): 70.25
Williams %R (14): -49.23
Chande Momentum Oscillator (20): 0.24
Repulse (5,40,3): -0.0300
ROCnROLL: 1
TRIX (15,9): 0.0200
Courbe Coppock: 0.82
MA7: 70.28
MA20: 70.39
MA50: 69.54
MA100: 67.11
MAexp7: 70.19
MAexp20: 70.10
MAexp50: 70.02
MAexp100: 70.08
Price / MA7: -0.14%
Price / MA20: -0.30%
Price / MA50: +0.92%
Price / MA100: +4.57%
Price / MAexp7: -0.01%
Price / MAexp20: +0.11%
Price / MAexp50: +0.23%
Price / MAexp100: +0.14%

Quotes : 2020-07-31 20:59:51 - Real time data - Forex

News


The last news published on NZD/JPY at the time of the generation of this analysis was as follows:

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

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