NZD/JPY - 1H - Technical analysis published on 08/18/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 69.36 JPY
My targets
69.01 JPY (-0.06)
68.47 JPY (-0.60)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NZD/JPY as long as the price remains well below 69.36 JPY. The sellers” bearish objective is set at 69.01 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 68.47 JPY. In case of crossing, the next objective would be the support located at 66.96 JPY. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.7
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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 price is 69.07 JPY. The price is lower by -0.56% since the last closing and was between 69.04 JPY and 69.47 JPY. This implies that the price is at +0.04% from its lowest and at -0.58% from its highest.69.04
69.47
69.07
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NZD/JPY indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish 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 decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 65.96 | 66.96 | 68.47 | 69.07 | 69.36 | 69.70 | 69.89 |
Change (%) | -4.50% | -3.05% | -0.87% | - | +0.42% | +0.91% | +1.19% |
Change | -3.11 | -2.11 | -0.60 | - | +0.29 | +0.63 | +0.82 |
Level | Intermediate | Major | Minor | - | Major | 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 | 68.60 | 68.95 | 69.20 | 69.55 | 69.80 | 70.15 | 70.40 |
Camarilla | 69.30 | 69.35 | 69.41 | 69.46 | 69.52 | 69.57 | 69.63 |
Woodie | 68.56 | 68.93 | 69.16 | 69.53 | 69.76 | 70.13 | 70.36 |
Fibonacci | 68.95 | 69.18 | 69.32 | 69.55 | 69.78 | 69.92 | 70.15 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
RSI (14): | 30.95 | |
MACD (12,26,9): | -0.1300 | |
Directional Movement: | -17.76 | |
AROON (14): | -50.00 | |
DEMA (21): | 69.17 | |
Parabolic SAR (0,02-0,02-0,2): | 69.54 | |
Elder Ray (13): | -0.17 | |
Super Trend (3,10): | 69.46 | |
Zig ZAG (10): | 69.09 | |
VORTEX (21): | 0.8400 | |
Stochastique (14,3,5): | 17.71 | |
TEMA (21): | 69.18 | |
Williams %R (14): | -79.69 | |
Chande Momentum Oscillator (20): | -0.18 | |
Repulse (5,40,3): | -0.0400 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0200 | |
Courbe Coppock: | 0.47 |
MA7: | 69.78 | |
MA20: | 70.13 | |
MA50: | 69.87 | |
MA100: | 67.81 | |
MAexp7: | 69.22 | |
MAexp20: | 69.33 | |
MAexp50: | 69.53 | |
MAexp100: | 69.71 | |
Price / MA7: | -1.02% | |
Price / MA20: | -1.51% | |
Price / MA50: | -1.14% | |
Price / MA100: | +1.86% | |
Price / MAexp7: | -0.22% | |
Price / MAexp20: | -0.38% | |
Price / MAexp50: | -0.66% | |
Price / MAexp100: | -0.92% |
Quotes :
2020-08-18 06:26:35
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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:
- 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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