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:
Slightly bearish
Technical indicators
17%
44%
39%
My opinion
Bearish under 70.49 JPY
My targets
68.94 JPY (-0.72)
66.96 JPY (-2.70)
My analysis
The strong short-term decline of NZD/JPY reinforces the current slightly bearish trend. As long as the price remains below 70.49 JPY, you could take advantage of this bearish acceleration. 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. A return to above 70.49 JPY would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
3.8
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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 69.66 JPY. The price registered an increase of +0.51% on the session and was traded between 68.86 JPY and 69.70 JPY over the period. The price is currently at +1.16% from its lowest and -0.06% from its highest.68.86
69.70
69.66
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:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this NZD/JPY chart shows a slightly bearish trend. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, only 8 technical indicators out of 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
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
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 65.96 | 66.96 | 68.94 | 69.66 | 70.49 | 71.32 | 73.35 |
| Change (%) | -5.31% | -3.88% | -1.03% | - | +1.19% | +2.38% | +5.30% |
| Change | -3.70 | -2.70 | -0.72 | - | +0.83 | +1.66 | +3.69 |
| Level | Intermediate | Intermediate | Major | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 48.11 | |
| MACD (12,26,9): | -0.1100 | |
| Directional Movement: | -8.81 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 69.61 | |
| Parabolic SAR (0,02-0,02-0,2): | 70.15 | |
| Elder Ray (13): | -0.42 | |
| Super Trend (3,10): | 71.05 | |
| Zig ZAG (10): | 69.65 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 23.35 | |
| TEMA (21): | 69.49 | |
| Williams %R (14): | -70.00 | |
| Chande Momentum Oscillator (20): | -0.20 | |
| Repulse (5,40,3): | -0.1700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.99 |
| MA7: | 69.67 | |
| MA20: | 69.77 | |
| MA50: | 70.15 | |
| MA100: | 70.01 | |
| MAexp7: | 69.55 | |
| MAexp20: | 69.76 | |
| MAexp50: | 69.87 | |
| MAexp100: | 69.62 | |
| Price / MA7: | -0.01% | |
| Price / MA20: | -0.16% | |
| Price / MA50: | -0.70% | |
| Price / MA100: | -0.50% | |
| Price / MAexp7: | +0.16% | |
| Price / MAexp20: | -0.14% | |
| Price / MAexp50: | -0.30% | |
| Price / MAexp100: | +0.06% |
Quotes :
2020-10-30 13:29:33
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Real time data
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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)
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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.
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