NZD/JPY

- JPY (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	NZDJPY
ISIN:

NZD/JPY - Daily - Technical analysis published on 11/03/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Bullish

De fond: Bullish

Technical indicators

50%

17%

33%

My opinion

Bullish above 68.94 JPY

My targets

70.49 JPY (+0.61)

71.32 JPY (+1.44)

My analysis

All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on NZD/JPY as long as the price remains well above 68.94 JPY. The buyers” bullish objective is set at 70.49 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 71.32 JPY. If there is any crossing, the next objective would be the resistance located at 73.35 JPY. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

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

4.6

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 rating is 69.88 JPY. The price has increased by +0.63% since the last closing with the lowest point at 69.35 JPY and the highest point at 69.98 JPY. The deviation from the price is +0.76% for the low point and -0.14% for the high point.

69.35

69.98

69.88

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of NZD/JPY in Daily shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative 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.

Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Bullish engulfing lines

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	65.96	66.96	68.94	69.88	70.49	71.32	73.35
Change (%)	-5.61%	-4.18%	-1.35%	-	+0.87%	+2.06%	+4.97%
Change	-3.92	-2.92	-0.94	-	+0.61	+1.44	+3.47
Level	Intermediate	Intermediate	Major	-	Minor	Intermediate	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position 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):	51.40
MACD (12,26,9):	-0.1200
Directional Movement:	-0.35
AROON (14):	-85.71
DEMA (21):	69.55
Parabolic SAR (0,02-0,02-0,2):	68.86
Elder Ray (13):	0.02
Super Trend (3,10):	70.96
Zig ZAG (10):	69.85
VORTEX (21):	0.9600
Stochastique (14,3,5):	43.94
TEMA (21):	69.53
Williams %R (14):	-27.46
Chande Momentum Oscillator (20):	0.23
Repulse (5,40,3):	1.0000
ROCnROLL:	1
TRIX (15,9):	-0.0200
Courbe Coppock:	0.88

MA7:	69.60
MA20:	69.75
MA50:	70.14
MA100:	70.01
MAexp7:	69.61
MAexp20:	69.72
MAexp50:	69.85
MAexp100:	69.62
Price / MA7:	+0.40%
Price / MA20:	+0.19%
Price / MA50:	-0.37%
Price / MA100:	-0.19%
Price / MAexp7:	+0.39%
Price / MAexp20:	+0.23%
Price / MAexp50:	+0.04%
Price / MAexp100:	+0.37%

Quotes : 2020-11-03 13:45:49 - 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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