NZD/JPY

- JPY (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	NZDJPY
ISIN:

NZD/JPY - Daily - Technical analysis published on 08/17/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Neutral

Technical indicators

17%

61%

22%

My opinion

Bearish under 71.32 JPY

My targets

67.94 JPY (-1.52)

66.96 JPY (-2.50)

My analysis

The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for NZD/JPY as long as the price remains well below 71.32 JPY. The sellers” bearish objective is set at 67.94 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 66.96 JPY. If there is any crossing, the next objective would be the support located at 65.96 JPY.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

2.5

Comment on the analysis

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 Remo. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

NZD/JPY rating 69.46 JPY. The price is lower by -0.40% since the last closing with the lowest point at 69.43 JPY and the highest point at 69.89 JPY. The deviation from the price is +0.04% for the low point and -0.62% for the high point.

69.43

69.89

69.46

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of NZD/JPY in Daily shows a neutral overall trend. This indecision could turn into a bearish trend due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily

An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	65.96	66.96	69.36	69.46	71.32	72.41	73.35
Change (%)	-5.04%	-3.60%	-0.14%	-	+2.68%	+4.25%	+5.60%
Change	-3.50	-2.50	-0.10	-	+1.86	+2.95	+3.89
Level	Minor	Major	Intermediate	-	Major	Minor	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	69.19	69.42	69.58	69.81	69.97	70.20	70.36
Camarilla	69.63	69.67	69.70	69.74	69.78	69.81	69.85
Woodie	69.16	69.40	69.55	69.79	69.94	70.18	70.33
Fibonacci	69.42	69.57	69.66	69.81	69.96	70.05	70.20

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	68.44	69.01	69.38	69.95	70.32	70.89	71.26
Camarilla	69.48	69.57	69.65	69.74	69.83	69.91	70.00
Woodie	68.33	68.96	69.27	69.90	70.21	70.84	71.15
Fibonacci	69.01	69.37	69.59	69.95	70.31	70.53	70.89

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	66.63	67.94	69.06	70.37	71.49	72.80	73.92
Camarilla	69.51	69.73	69.96	70.18	70.40	70.63	70.85
Woodie	66.54	67.89	68.97	70.32	71.40	72.75	73.83
Fibonacci	67.94	68.87	69.44	70.37	71.30	71.87	72.80

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):	42.13
MACD (12,26,9):	-0.0200
Directional Movement:	-3.75
AROON (14):	-42.86
DEMA (21):	70.08
Parabolic SAR (0,02-0,02-0,2):	70.45
Elder Ray (13):	-0.35
Super Trend (3,10):	69.51
Zig ZAG (10):	69.53
VORTEX (21):	0.9500
Stochastique (14,3,5):	24.20
TEMA (21):	69.77
Williams %R (14):	-89.08
Chande Momentum Oscillator (20):	-0.53
Repulse (5,40,3):	-0.7000
ROCnROLL:	-1
TRIX (15,9):	0.0200
Courbe Coppock:	1.39

MA7:	69.90
MA20:	70.23
MA50:	69.89
MA100:	67.76
MAexp7:	69.89
MAexp20:	70.04
MAexp50:	69.57
MAexp100:	68.88
Price / MA7:	-0.63%
Price / MA20:	-1.10%
Price / MA50:	-0.62%
Price / MA100:	+2.51%
Price / MAexp7:	-0.62%
Price / MAexp20:	-0.83%
Price / MAexp50:	-0.16%
Price / MAexp100:	+0.84%

Quotes : 2020-08-17 10:10:42 - Real time data - Forex

News

The latest news and videos published on NZD/JPY at the time of the analysis were as follows:

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

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