NZD/JPY
NZD JPY
- JPY (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: NZDJPY
ISIN:

NZD/JPY - 1H - Technical analysis published on 08/18/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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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

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:
15 min. Daily Weekly

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:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

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:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard68.6068.9569.2069.5569.8070.1570.40
Camarilla69.3069.3569.4169.4669.5269.5769.63
Woodie68.5668.9369.1669.5369.7670.1370.36
Fibonacci68.9569.1869.3269.5569.7869.9270.15


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard68.4469.0169.3869.9570.3270.8971.26
Camarilla69.4869.5769.6569.7469.8369.9170.00
Woodie68.3368.9669.2769.9070.2170.8471.15
Fibonacci69.0169.3769.5969.9570.3170.5370.89


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard66.6367.9469.0670.3771.4972.8073.92
Camarilla69.5169.7369.9670.1870.4070.6370.85
Woodie66.5467.8968.9770.3271.4072.7573.83
Fibonacci67.9468.8769.4470.3771.3071.8772.80

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 - Real time data - Forex

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

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