NZD/JPY - 1H - Technical analysis published on 08/01/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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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
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This analysis was given by Remo. Take part yourself by sharing additional analysis on another time unit:
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:
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:
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:
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:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 69.04 | 69.30 | 69.69 | 69.95 | 70.34 | 70.60 | 70.99 |
Camarilla | 69.91 | 69.97 | 70.03 | 70.09 | 70.15 | 70.21 | 70.27 |
Woodie | 69.12 | 69.33 | 69.77 | 69.98 | 70.42 | 70.63 | 71.07 |
Fibonacci | 69.30 | 69.55 | 69.70 | 69.95 | 70.20 | 70.35 | 70.60 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 68.14 | 69.08 | 69.79 | 70.73 | 71.44 | 72.38 | 73.09 |
Camarilla | 70.04 | 70.19 | 70.34 | 70.49 | 70.64 | 70.79 | 70.94 |
Woodie | 68.02 | 69.02 | 69.67 | 70.67 | 71.32 | 72.32 | 72.97 |
Fibonacci | 69.08 | 69.71 | 70.10 | 70.73 | 71.36 | 71.75 | 72.38 |
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 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
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Real time data
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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.
About author
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