NZD/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	NZDJPY
ISIN:

NZD/JPY - Daily - Technical analysis published on 11/06/2020 (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

61%

33%

My opinion

Bullish above 68.94 JPY

My targets

71.32 JPY (+1.15)

73.35 JPY (+3.18)

My analysis

A bullish trend on NZD/JPY both in substance and in the short term. A purchase could be considered as long as the price remains above 68.94 JPY. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 71.32 JPY. Then the price could move towards 73.35 JPY. Then 78.68 JPY by extension. Be careful, a return below 68.94 JPY would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

5.4

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

NZD/JPY rating 70.17 JPY. The price has increased by +0.13% since the last closing with the lowest point at 70.03 JPY and the highest point at 70.32 JPY. The deviation from the price is +0.20% for the low point and -0.21% for the high point.

70.03

70.32

70.17

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this NZD/JPY chart shows a bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

In fact, 11 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Horizontal support is broken

Type : Bearish

Timeframe : Daily

Support of triangle is broken

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	66.96	68.94	70.08	70.17	71.32	73.35	78.68
Change (%)	-4.57%	-1.75%	-0.13%	-	+1.64%	+4.53%	+12.13%
Change	-3.21	-1.23	-0.09	-	+1.15	+3.18	+8.51
Level	Intermediate	Intermediate	Major	-	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	69.21	69.45	69.77	70.01	70.33	70.57	70.89
Camarilla	69.93	69.98	70.03	70.08	70.13	70.18	70.23
Woodie	69.24	69.47	69.80	70.03	70.36	70.59	70.92
Fibonacci	69.45	69.67	69.80	70.01	70.23	70.36	70.57

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	53.45
MACD (12,26,9):	0.0000
Directional Movement:	4.99
AROON (14):	21.42
DEMA (21):	69.80
Parabolic SAR (0,02-0,02-0,2):	69.02
Elder Ray (13):	0.33
Super Trend (3,10):	70.96
Zig ZAG (10):	70.14
VORTEX (21):	1.0500
Stochastique (14,3,5):	74.90
TEMA (21):	69.90
Williams %R (14):	-17.90
Chande Momentum Oscillator (20):	0.64
Repulse (5,40,3):	0.7300
ROCnROLL:	1
TRIX (15,9):	-0.0200
Courbe Coppock:	0.28

MA7:	69.78
MA20:	69.78
MA50:	70.11
MA100:	70.05
MAexp7:	69.93
MAexp20:	69.84
MAexp50:	69.89
MAexp100:	69.65
Price / MA7:	+0.56%
Price / MA20:	+0.56%
Price / MA50:	+0.09%
Price / MA100:	+0.17%
Price / MAexp7:	+0.34%
Price / MAexp20:	+0.47%
Price / MAexp50:	+0.40%
Price / MAexp100:	+0.75%

Quotes : 2020-11-06 05:07:00 - 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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