NZD/JPY - Daily - Technical analysis published on 11/03/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 70.49 JPY
My targets
68.94 JPY (-0.55)
66.96 JPY (-2.53)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NZD/JPY as long as the price remains well below 70.49 JPY. The sellers” bearish objective is set at 68.94 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 66.96 JPY. In case of crossing, the next objective would be the support located at 65.96 JPY.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.6
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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 rating is 69.49 JPY. The price has increased by +0.07% since the last closing and was traded between 69.42 JPY and 69.51 JPY over the period. The price is currently at +0.10% from its lowest and -0.03% from its highest.69.42
69.51
69.49
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Daily of this NZD/JPY chart shows a bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
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
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 65.96 | 66.96 | 68.94 | 69.49 | 70.49 | 71.32 | 73.35 |
| Change (%) | -5.08% | -3.64% | -0.79% | - | +1.44% | +2.63% | +5.55% |
| Change | -3.53 | -2.53 | -0.55 | - | +1.00 | +1.83 | +3.86 |
| 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 | 68.49 | 68.71 | 69.08 | 69.30 | 69.67 | 69.89 | 70.26 |
| Camarilla | 69.28 | 69.33 | 69.39 | 69.44 | 69.49 | 69.55 | 69.60 |
| Woodie | 68.56 | 68.75 | 69.15 | 69.34 | 69.74 | 69.93 | 70.33 |
| Fibonacci | 68.71 | 68.94 | 69.08 | 69.30 | 69.53 | 69.67 | 69.89 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 67.18 | 68.02 | 68.60 | 69.44 | 70.02 | 70.86 | 71.44 |
| Camarilla | 68.79 | 68.92 | 69.05 | 69.18 | 69.31 | 69.44 | 69.57 |
| Woodie | 67.05 | 67.96 | 68.47 | 69.38 | 69.89 | 70.80 | 71.31 |
| Fibonacci | 68.02 | 68.56 | 68.90 | 69.44 | 69.98 | 70.32 | 70.86 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 66.87 | 67.87 | 68.52 | 69.52 | 70.17 | 71.17 | 71.82 |
| Camarilla | 68.73 | 68.88 | 69.03 | 69.18 | 69.33 | 69.48 | 69.63 |
| Woodie | 66.71 | 67.78 | 68.36 | 69.43 | 70.01 | 71.08 | 71.66 |
| Fibonacci | 67.87 | 68.50 | 68.89 | 69.52 | 70.15 | 70.54 | 71.17 |
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): | 45.93 | |
| MACD (12,26,9): | -0.1500 | |
| Directional Movement: | -6.09 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 69.48 | |
| Parabolic SAR (0,02-0,02-0,2): | 69.97 | |
| Elder Ray (13): | -0.14 | |
| Super Trend (3,10): | 70.96 | |
| Zig ZAG (10): | 69.46 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 34.32 | |
| TEMA (21): | 69.43 | |
| Williams %R (14): | -57.75 | |
| Chande Momentum Oscillator (20): | -0.20 | |
| Repulse (5,40,3): | 0.1600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 1.11 |
| MA7: | 69.54 | |
| MA20: | 69.73 | |
| MA50: | 70.13 | |
| MA100: | 70.00 | |
| MAexp7: | 69.50 | |
| MAexp20: | 69.68 | |
| MAexp50: | 69.83 | |
| MAexp100: | 69.61 | |
| Price / MA7: | -0.07% | |
| Price / MA20: | -0.34% | |
| Price / MA50: | -0.91% | |
| Price / MA100: | -0.73% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.27% | |
| Price / MAexp50: | -0.49% | |
| Price / MAexp100: | -0.17% |
Quotes :
2020-11-03 01:08:50
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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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