NZD/JPY - 1H - Technical analysis published on 09/25/2020 (GMT)
- Who voted?
- 114
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bearish
Technical indicators
78%
0%
22%
My opinion
Bearish under 69.35 JPY
My targets
68.88 JPY (-0.21)
68.63 JPY (-0.46)
My analysis
In a bearish trend, the price of NZD/JPY tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 69.35 JPY. A bearish break in the support located at 68.88 JPY would revive the bearish momentum and fuel the basic trend. Then the price could move towards 68.63 JPY. Then 66.96 JPY by extension. It would be safer to wait for a bearish break in the support located at 68.88 JPY before allowing yourself to re trade short positions (for sale) on NZD/JPY. PS: if there is a bullish break in the resistance located at 69.35 JPY we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0
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 pyxis2025. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NZD/JPY rating is 69.09 JPY. On the day, this instrument gained +0.07% and was between 69.02 JPY and 69.11 JPY. This implies that the price is at +0.10% from its lowest and at -0.03% from its highest.69.02
69.11
69.09
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this NZD/JPY chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages show a possible weakening of the global trend. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support 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 | 66.96 | 68.63 | 68.88 | 69.09 | 69.11 | 69.35 | 70.08 |
| Change (%) | -3.08% | -0.67% | -0.30% | - | +0.03% | +0.38% | +1.43% |
| Change | -2.13 | -0.46 | -0.21 | - | +0.02 | +0.26 | +0.99 |
| Level | Intermediate | Major | Minor | - | Intermediate | Minor | Major |
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 | 68.20 | 68.41 | 68.73 | 68.94 | 69.26 | 69.47 | 69.79 |
| Camarilla | 68.89 | 68.94 | 68.99 | 69.04 | 69.09 | 69.14 | 69.19 |
| Woodie | 68.25 | 68.44 | 68.78 | 68.97 | 69.31 | 69.50 | 69.84 |
| Fibonacci | 68.41 | 68.62 | 68.74 | 68.94 | 69.15 | 69.27 | 69.47 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 68.89 | 69.47 | 70.07 | 70.65 | 71.25 | 71.83 | 72.43 |
| Camarilla | 70.36 | 70.46 | 70.57 | 70.68 | 70.79 | 70.90 | 71.00 |
| Woodie | 68.91 | 69.48 | 70.09 | 70.66 | 71.27 | 71.84 | 72.45 |
| Fibonacci | 69.47 | 69.92 | 70.20 | 70.65 | 71.10 | 71.38 | 71.83 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 66.54 | 67.65 | 69.50 | 70.61 | 72.46 | 73.57 | 75.42 |
| Camarilla | 70.55 | 70.82 | 71.09 | 71.36 | 71.63 | 71.90 | 72.17 |
| Woodie | 66.92 | 67.84 | 69.88 | 70.80 | 72.84 | 73.76 | 75.80 |
| Fibonacci | 67.65 | 68.78 | 69.48 | 70.61 | 71.74 | 72.44 | 73.57 |
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): | 55.20 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 6.33 | |
| AROON (14): | 42.85 | |
| DEMA (21): | 68.96 | |
| Parabolic SAR (0,02-0,02-0,2): | 68.92 | |
| Elder Ray (13): | 0.08 | |
| Super Trend (3,10): | 69.14 | |
| Zig ZAG (10): | 69.07 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 79.87 | |
| TEMA (21): | 69.06 | |
| Williams %R (14): | -13.21 | |
| Chande Momentum Oscillator (20): | 0.41 | |
| Repulse (5,40,3): | 0.1200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.77 |
| MA7: | 69.71 | |
| MA20: | 70.54 | |
| MA50: | 70.29 | |
| MA100: | 69.37 | |
| MAexp7: | 69.04 | |
| MAexp20: | 68.99 | |
| MAexp50: | 69.13 | |
| MAexp100: | 69.45 | |
| Price / MA7: | -0.89% | |
| Price / MA20: | -2.06% | |
| Price / MA50: | -1.71% | |
| Price / MA100: | -0.40% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.14% | |
| Price / MAexp50: | -0.06% | |
| Price / MAexp100: | -0.52% |
Quotes :
2020-09-25 01:45:48
-
Real time data
-
Forex
News
Don"t forget to follow the news on NZD/JPY. At the time of publication of this analysis, the latest news 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
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis NZD/JPY - 1H