NZD/JPY - 1H - Technical analysis published on 12/31/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
33%
17%
50%
My opinion
Bullish above 73.87 JPY
My targets
74.47 JPY (+0.17)
75.20 JPY (+0.90)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on NZD/JPY. As long as you are above the support located at 73.87 JPY, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 74.47 JPY would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 75.20 JPY as an objective. Crossing it would then enable buyers to target 76.47 JPY. If the support 73.87 JPY were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
4.1
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NZD/JPY rating is 74.30 JPY. On the day, this instrument lost -0.13% and was traded between 74.24 JPY and 74.63 JPY over the period. The price is currently at +0.08% from its lowest and -0.44% from its highest.74.24
74.63
74.30
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NZD/JPY:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NZD/JPY in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 6 are bullish, 9 are neutral and 3 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 73.17 | 73.35 | 73.87 | 74.30 | 74.47 | 76.47 | 78.68 |
Change (%) | -1.52% | -1.28% | -0.58% | - | +0.23% | +2.92% | +5.90% |
Change | -1.13 | -0.95 | -0.43 | - | +0.17 | +2.17 | +4.38 |
Level | Minor | Major | Intermediate | - | 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 | 73.62 | 73.81 | 74.10 | 74.29 | 74.58 | 74.77 | 75.06 |
Camarilla | 74.27 | 74.31 | 74.36 | 74.40 | 74.44 | 74.49 | 74.53 |
Woodie | 73.68 | 73.84 | 74.16 | 74.32 | 74.64 | 74.80 | 75.12 |
Fibonacci | 73.81 | 73.99 | 74.10 | 74.29 | 74.47 | 74.58 | 74.77 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 71.93 | 72.32 | 73.02 | 73.41 | 74.11 | 74.50 | 75.20 |
Camarilla | 73.41 | 73.51 | 73.61 | 73.71 | 73.81 | 73.91 | 74.01 |
Woodie | 72.08 | 72.40 | 73.17 | 73.49 | 74.26 | 74.58 | 75.35 |
Fibonacci | 72.32 | 72.74 | 73.00 | 73.41 | 73.83 | 74.09 | 74.50 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 65.76 | 67.35 | 70.28 | 71.87 | 74.80 | 76.39 | 79.32 |
Camarilla | 71.97 | 72.38 | 72.80 | 73.21 | 73.62 | 74.04 | 74.45 |
Woodie | 66.43 | 67.69 | 70.95 | 72.21 | 75.47 | 76.73 | 79.99 |
Fibonacci | 67.35 | 69.08 | 70.14 | 71.87 | 73.60 | 74.66 | 76.39 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 55.55 | |
MACD (12,26,9): | 0.0700 | |
Directional Movement: | 1.59 | |
AROON (14): | 14.29 | |
DEMA (21): | 74.56 | |
Parabolic SAR (0,02-0,02-0,2): | 74.36 | |
Elder Ray (13): | 0.02 | |
Super Trend (3,10): | 74.22 | |
Zig ZAG (10): | 74.49 | |
VORTEX (21): | 1.0300 | |
Stochastique (14,3,5): | 58.62 | |
TEMA (21): | 74.53 | |
Williams %R (14): | -51.72 | |
Chande Momentum Oscillator (20): | -0.05 | |
Repulse (5,40,3): | -0.0600 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0200 | |
Courbe Coppock: | 0.17 |
MA7: | 73.84 | |
MA20: | 73.62 | |
MA50: | 72.30 | |
MA100: | 71.20 | |
MAexp7: | 74.50 | |
MAexp20: | 74.46 | |
MAexp50: | 74.30 | |
MAexp100: | 74.08 | |
Price / MA7: | +0.62% | |
Price / MA20: | +0.92% | |
Price / MA50: | +2.77% | |
Price / MA100: | +4.35% | |
Price / MAexp7: | -0.27% | |
Price / MAexp20: | -0.21% | |
Price / MAexp50: | -0% | |
Price / MAexp100: | +0.30% |
Quotes :
2020-12-31 16:30:55
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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)
- 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.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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