NZD/JPY - 1H - Technical analysis published on 10/19/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 69.64 JPY
My targets
70.09 JPY (+0.33)
70.36 JPY (+0.60)
My analysis
The strong short-term increase for NZD/JPY reinforces the current slightly bullish trend. As long as the price remains above 69.64 JPY, you could take advantage of this bullish acceleration. The first bullish objective is located at 70.09 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 70.36 JPY as an objective. Crossing it would then enable buyers to target 70.51 JPY. A return to 69.64 JPY would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
3.6
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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 69.76 JPY. The price has increased by +0.14% since the last closing with the lowest point at 69.58 JPY and the highest point at 69.91 JPY. The deviation from the price is +0.26% for the low point and -0.21% for the high point.69.58
69.91
69.76
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of NZD/JPY in 1H shows an overall slightly bullish trend. 53.57% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish 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 technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 69.31 | 69.41 | 69.64 | 69.76 | 69.80 | 70.09 | 70.36 |
| Change (%) | -0.65% | -0.50% | -0.17% | - | +0.06% | +0.47% | +0.86% |
| Change | -0.45 | -0.35 | -0.12 | - | +0.04 | +0.33 | +0.60 |
| Level | Minor | Minor | Intermediate | - | Minor | Major | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 69.00 | 69.15 | 69.41 | 69.56 | 69.82 | 69.97 | 70.23 |
| Camarilla | 69.55 | 69.59 | 69.62 | 69.66 | 69.70 | 69.74 | 69.77 |
| Woodie | 69.05 | 69.18 | 69.46 | 69.59 | 69.87 | 70.00 | 70.28 |
| Fibonacci | 69.15 | 69.31 | 69.41 | 69.56 | 69.72 | 69.82 | 69.97 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 67.80 | 68.51 | 69.08 | 69.79 | 70.36 | 71.07 | 71.64 |
| Camarilla | 69.31 | 69.43 | 69.54 | 69.66 | 69.78 | 69.90 | 70.01 |
| Woodie | 67.74 | 68.48 | 69.02 | 69.76 | 70.30 | 71.04 | 71.58 |
| Fibonacci | 68.51 | 69.00 | 69.30 | 69.79 | 70.28 | 70.58 | 71.07 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 64.96 | 66.80 | 68.31 | 70.15 | 71.66 | 73.50 | 75.01 |
| Camarilla | 68.91 | 69.22 | 69.52 | 69.83 | 70.14 | 70.44 | 70.75 |
| Woodie | 64.81 | 66.72 | 68.16 | 70.07 | 71.51 | 73.42 | 74.86 |
| Fibonacci | 66.80 | 68.08 | 68.87 | 70.15 | 71.43 | 72.22 | 73.50 |
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): | 57.60 | |
| MACD (12,26,9): | 0.0500 | |
| Directional Movement: | 10.05 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 69.77 | |
| Parabolic SAR (0,02-0,02-0,2): | 69.91 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 69.50 | |
| Zig ZAG (10): | 69.79 | |
| VORTEX (21): | 1.1700 | |
| Stochastique (14,3,5): | 55.56 | |
| TEMA (21): | 69.82 | |
| Williams %R (14): | -45.45 | |
| Chande Momentum Oscillator (20): | 0.11 | |
| Repulse (5,40,3): | 0.0200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.39 |
| MA7: | 69.93 | |
| MA20: | 69.73 | |
| MA50: | 70.13 | |
| MA100: | 70.04 | |
| MAexp7: | 69.74 | |
| MAexp20: | 69.70 | |
| MAexp50: | 69.69 | |
| MAexp100: | 69.78 | |
| Price / MA7: | -0.24% | |
| Price / MA20: | +0.04% | |
| Price / MA50: | -0.53% | |
| Price / MA100: | -0.40% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | +0.10% | |
| Price / MAexp100: | -0.03% |
Quotes :
2020-10-19 06:39:13
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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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