NZD/JPY - 1H - Technical analysis published on 09/28/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Neutral
Technical indicators
44%
17%
39%
My opinion
Bullish above 68.63 JPY
My targets
69.42 JPY (+0.25)
70.08 JPY (+0.91)
My analysis
The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for NZD/JPY as long as the price remains well above 68.63 JPY. The buyers” bullish objective is set at 69.42 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 70.08 JPY. If there is any crossing, the next objective would be the resistance located at 70.57 JPY.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
2.5
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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
NZD/JPY rating 69.17 JPY. The price has increased by +0.07% since the last closing and was between 68.89 JPY and 69.26 JPY. This implies that the price is at +0.41% from its lowest and at -0.13% from its highest.68.89
69.26
69.17
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NZD/JPY:
Technical
A technical analysis in 1H of this NZD/JPY chart shows a neutral trend. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 69.11 | 69.17 | 69.42 | 70.08 | 70.57 |
| Change (%) | -3.20% | -0.78% | -0.09% | - | +0.36% | +1.32% | +2.02% |
| Change | -2.21 | -0.54 | -0.06 | - | +0.25 | +0.91 | +1.40 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Major | Minor |
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 | 68.44 | 68.69 | 68.91 | 69.16 | 69.38 | 69.63 | 69.85 |
| Camarilla | 68.99 | 69.03 | 69.08 | 69.12 | 69.16 | 69.21 | 69.25 |
| Woodie | 68.42 | 68.68 | 68.89 | 69.15 | 69.36 | 69.62 | 69.83 |
| Fibonacci | 68.69 | 68.87 | 68.98 | 69.16 | 69.34 | 69.45 | 69.63 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 66.08 | 67.35 | 68.24 | 69.51 | 70.40 | 71.67 | 72.56 |
| Camarilla | 68.53 | 68.72 | 68.92 | 69.12 | 69.32 | 69.52 | 69.71 |
| Woodie | 65.88 | 67.26 | 68.04 | 69.42 | 70.20 | 71.58 | 72.36 |
| Fibonacci | 67.35 | 68.18 | 68.69 | 69.51 | 70.34 | 70.85 | 71.67 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.95 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -3.06 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 69.03 | |
| Parabolic SAR (0,02-0,02-0,2): | 69.14 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 68.86 | |
| Zig ZAG (10): | 69.07 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 29.73 | |
| TEMA (21): | 69.00 | |
| Williams %R (14): | -48.65 | |
| Chande Momentum Oscillator (20): | -0.07 | |
| Repulse (5,40,3): | 0.1500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.26 |
| MA7: | 69.47 | |
| MA20: | 70.43 | |
| MA50: | 70.26 | |
| MA100: | 69.41 | |
| MAexp7: | 69.02 | |
| MAexp20: | 69.06 | |
| MAexp50: | 69.09 | |
| MAexp100: | 69.27 | |
| Price / MA7: | -0.43% | |
| Price / MA20: | -1.79% | |
| Price / MA50: | -1.55% | |
| Price / MA100: | -0.35% | |
| Price / MAexp7: | +0.22% | |
| Price / MAexp20: | +0.16% | |
| Price / MAexp50: | +0.12% | |
| Price / MAexp100: | -0.14% |
Quotes :
2020-09-28 11:36:05
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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)
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Technica Focus: Big Confluence in NZD/JPY
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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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