NZD/JPY - 1H - Technical analysis published on 01/28/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 74.37 JPY
My targets
73.82 JPY (-0.40)
73.66 JPY (-0.56)
My analysis
NZD/JPY is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 74.37 JPY. The next support located at 73.82 JPY is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 73.66 JPY. Below this support, sellers could then target 73.35 JPY. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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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 price is 74.22 JPY. The price is lower by -0.19% since the last closing and was between 74.20 JPY and 74.59 JPY. This implies that the price is at +0.03% from its lowest and at -0.50% from its highest.74.20
74.59
74.22
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of NZD/JPY indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 3 are neutral and 11 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 73.66 | 73.82 | 74.20 | 74.22 | 74.37 | 74.91 | 75.09 |
| Change (%) | -0.75% | -0.54% | -0.03% | - | +0.20% | +0.93% | +1.17% |
| Change | -0.56 | -0.40 | -0.02 | - | +0.15 | +0.69 | +0.87 |
| Level | Intermediate | Minor | Minor | - | Major | Intermediate | Minor |
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 | 73.35 | 73.85 | 74.10 | 74.60 | 74.85 | 75.35 | 75.60 |
| Camarilla | 74.15 | 74.22 | 74.29 | 74.36 | 74.43 | 74.50 | 74.57 |
| Woodie | 73.24 | 73.79 | 73.99 | 74.54 | 74.74 | 75.29 | 75.49 |
| Fibonacci | 73.85 | 74.13 | 74.31 | 74.60 | 74.88 | 75.06 | 75.35 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 72.71 | 73.18 | 73.86 | 74.33 | 75.01 | 75.48 | 76.16 |
| Camarilla | 74.22 | 74.33 | 74.44 | 74.54 | 74.65 | 74.75 | 74.86 |
| Woodie | 72.82 | 73.23 | 73.97 | 74.38 | 75.12 | 75.53 | 76.27 |
| Fibonacci | 73.18 | 73.62 | 73.89 | 74.33 | 74.77 | 75.04 | 75.48 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 71.15 | 71.94 | 73.06 | 73.85 | 74.97 | 75.76 | 76.88 |
| Camarilla | 73.67 | 73.84 | 74.02 | 74.19 | 74.37 | 74.54 | 74.72 |
| Woodie | 71.33 | 72.02 | 73.24 | 73.93 | 75.15 | 75.84 | 77.06 |
| Fibonacci | 71.94 | 72.67 | 73.12 | 73.85 | 74.58 | 75.03 | 75.76 |
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): | 32.73 | |
| MACD (12,26,9): | -0.1200 | |
| Directional Movement: | -21.00 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 74.41 | |
| Parabolic SAR (0,02-0,02-0,2): | 74.72 | |
| Elder Ray (13): | -0.16 | |
| Super Trend (3,10): | 74.76 | |
| Zig ZAG (10): | 74.36 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 15.49 | |
| TEMA (21): | 74.35 | |
| Williams %R (14): | -81.54 | |
| Chande Momentum Oscillator (20): | -0.28 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.82 |
| MA7: | 74.58 | |
| MA20: | 74.59 | |
| MA50: | 73.81 | |
| MA100: | 72.01 | |
| MAexp7: | 74.43 | |
| MAexp20: | 74.55 | |
| MAexp50: | 74.67 | |
| MAexp100: | 74.66 | |
| Price / MA7: | -0.48% | |
| Price / MA20: | -0.50% | |
| Price / MA50: | +0.56% | |
| Price / MA100: | +3.07% | |
| Price / MAexp7: | -0.28% | |
| Price / MAexp20: | -0.44% | |
| Price / MAexp50: | -0.60% | |
| Price / MAexp100: | -0.59% |
Quotes :
2021-01-28 09:02:24
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Real time data
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Forex
News
The last news published on NZD/JPY at the time of the generation of this analysis 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
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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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