NZD/JPY - Daily - Technical analysis published on 10/30/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
11%
78%
11%
My opinion
Bearish under 70.49 JPY
My targets
68.94 JPY (-0.30)
66.96 JPY (-2.28)
My analysis
In the short term, we can see an acceleration in the bearish trend on NZD/JPY, which is a positive signal for sellers. As long as the price remains above 70.49 JPY, a sale could be considered. The first bearish objective is located at 68.94 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 66.96 JPY as an objective. Crossing it would then enable sellers to target 65.96 JPY. If the price were to return above 70.49 JPY, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
6.4
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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 69.24 JPY. The price is lower by -0.10% since the last closing with the lowest point at 69.21 JPY and the highest point at 69.39 JPY. The deviation from the price is +0.04% for the low point and -0.22% for the high point.69.21
69.39
69.24
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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:
Technical
A technical analysis in Daily of this NZD/JPY chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. This 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.
In fact, 14 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : Daily
Ichimoku - Bearish crossover : Tenkan & Kijun
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
Support of triangle is broken
Type : Bearish
Timeframe : Daily
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 | 65.96 | 66.96 | 68.94 | 69.24 | 70.49 | 71.32 | 73.35 |
| Change (%) | -4.74% | -3.29% | -0.43% | - | +1.81% | +3.00% | +5.94% |
| Change | -3.28 | -2.28 | -0.30 | - | +1.25 | +2.08 | +4.11 |
| Level | Intermediate | Intermediate | Major | - | Minor | 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 | 68.45 | 68.71 | 69.01 | 69.27 | 69.57 | 69.83 | 70.13 |
| Camarilla | 69.16 | 69.21 | 69.26 | 69.31 | 69.36 | 69.41 | 69.46 |
| Woodie | 68.47 | 68.72 | 69.03 | 69.28 | 69.59 | 69.84 | 70.15 |
| Fibonacci | 68.71 | 68.92 | 69.06 | 69.27 | 69.48 | 69.62 | 69.83 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 43.06 | |
| MACD (12,26,9): | -0.1400 | |
| Directional Movement: | -11.65 | |
| AROON (14): | -85.72 | |
| DEMA (21): | 69.54 | |
| Parabolic SAR (0,02-0,02-0,2): | 70.15 | |
| Elder Ray (13): | -0.34 | |
| Super Trend (3,10): | 70.98 | |
| Zig ZAG (10): | 69.26 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 19.84 | |
| TEMA (21): | 69.48 | |
| Williams %R (14): | -79.14 | |
| Chande Momentum Oscillator (20): | -0.25 | |
| Repulse (5,40,3): | -0.6200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 1.04 |
| MA7: | 69.66 | |
| MA20: | 69.75 | |
| MA50: | 70.14 | |
| MA100: | 70.01 | |
| MAexp7: | 69.53 | |
| MAexp20: | 69.72 | |
| MAexp50: | 69.85 | |
| MAexp100: | 69.62 | |
| Price / MA7: | -0.60% | |
| Price / MA20: | -0.73% | |
| Price / MA50: | -1.28% | |
| Price / MA100: | -1.10% | |
| Price / MAexp7: | -0.42% | |
| Price / MAexp20: | -0.69% | |
| Price / MAexp50: | -0.87% | |
| Price / MAexp100: | -0.55% |
Quotes :
2020-10-30 04:32:25
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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:
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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.
About author
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