NZD/JPY

- JPY (-)

- Real time data - Forex

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Change:	-
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Type:	Forex
Ticker:	NZDJPY
ISIN:

NZD/JPY - Weekly - Technical analysis published on 10/28/2020 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Court terme: Neutral

De fond: Bearish

Technical indicators

28%

44%

28%

My opinion

Bearish under 71.32 JPY

My targets

66.96 JPY (-2.42)

61.93 JPY (-7.45)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 71.32 JPY remains possible. It is advisable to trade NZD/JPY with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 71.32 JPY. The next bearish objective for sellers is set at 66.96 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 61.93 JPY. In case of crossing, the next objective would be the support located at 57.13 JPY. PS: if there is a bullish break in the resistance located at 71.32 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.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

3.8

Comment on the analysis

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 Jlozano2012. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The NZD/JPY price is 69.38 JPY. The price registered a decrease of -0.24% over 5 days and has been traded over the last 5 days between 69.88 JPY and 70.28 JPY. This implies that the 5 day price is -0.72% from its lowest point and -1.28% from its highest point.

69.88

70.28

69.38

Here is a more detailed summary of the historical variations registered by NZD/JPY:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of NZD/JPY in Weekly shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals several bullish signals that could impact this trend:

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : Weekly

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Weekly

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Weekly

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Weekly

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Weekly

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Weekly

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Weekly

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Weekly

Aroon indicator bullish trend

Type : Bullish

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	61.93	66.96	68.94	69.38	71.32	73.35	78.68
Change (%)	-10.74%	-3.49%	-0.63%	-	+2.80%	+5.72%	+13.40%
Change	-7.45	-2.42	-0.44	-	+1.94	+3.97	+9.30
Level	Major	Intermediate	Intermediate	-	Intermediate	Intermediate	Intermediate

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	69.58	69.74	69.90	70.06	70.22	70.38	70.54
Camarilla	69.96	69.99	70.02	70.05	70.08	70.11	70.14
Woodie	69.57	69.74	69.89	70.06	70.21	70.38	70.53
Fibonacci	69.74	69.87	69.94	70.06	70.19	70.26	70.38

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	76.20	77.96	79.62	81.38	83.04	84.80	86.46
Camarilla	80.33	80.64	80.96	81.27	81.58	81.90	82.21
Woodie	76.14	77.94	79.56	81.36	82.98	84.78	86.40
Fibonacci	77.96	79.27	80.08	81.38	82.69	83.50	84.80

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	68.93	69.16	69.57	69.80	70.21	70.44	70.85
Camarilla	69.80	69.86	69.92	69.98	70.04	70.10	70.16
Woodie	69.02	69.21	69.66	69.85	70.30	70.49	70.94
Fibonacci	69.16	69.40	69.56	69.80	70.04	70.20	70.44

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):	48.59
MACD (12,26,9):	1.0200
Directional Movement:	3.22
AROON (14):	42.86
DEMA (21):	71.87
Parabolic SAR (0,02-0,02-0,2):	68.92
Elder Ray (13):	-1.45
Super Trend (3,10):	80.32
Zig ZAG (10):	69.38
VORTEX (21):	0.9800
Stochastique (14,3,5):	44.03
TEMA (21):	72.65
Williams %R (14):	-95.39
Chande Momentum Oscillator (20):	0.09
Repulse (5,40,3):	-2.5500
ROCnROLL:	2
TRIX (15,9):	0.1600
Courbe Coppock:	4.83

MA7:	69.80
MA20:	69.84
MA50:	70.14
MA100:	70.01
MAexp7:	71.97
MAexp20:	70.68
MAexp50:	69.99
MAexp100:	70.94
Price / MA7:	-0.60%
Price / MA20:	-0.66%
Price / MA50:	-1.08%
Price / MA100:	-0.90%
Price / MAexp7:	-3.60%
Price / MAexp20:	-1.84%
Price / MAexp50:	-0.87%
Price / MAexp100:	-2.20%

Quotes : 2020-10-28 12:58:41 - Real time data - Forex

News

The latest news and videos published on NZD/JPY at the time of the analysis were as follows:

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

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