NZD/JPY - 1H - Technical analysis published on 06/18/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 77.05 JPY
My targets
76.48 JPY (-0.29)
75.71 JPY (-1.06)
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 77.05 JPY. The next support located at 76.48 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 75.71 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.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
7
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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 76.77 JPY. The price registered a decrease of -0.80% on the session with the lowest point at 76.72 JPY and the highest point at 77.39 JPY. The deviation from the price is +0.07% for the low point and -0.80% for the high point.76.72
77.39
76.77
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NZD/JPY indicates that the overall trend is strongly bearish. 92.86% 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.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 71.32 | 73.35 | 76.48 | 76.77 | 77.05 | 77.86 | 78.08 |
| Change (%) | -7.10% | -4.45% | -0.38% | - | +0.36% | +1.42% | +1.71% |
| Change | -5.45 | -3.42 | -0.29 | - | +0.28 | +1.09 | +1.31 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Minor | 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 | 75.20 | 76.12 | 76.76 | 77.68 | 78.32 | 79.24 | 79.88 |
| Camarilla | 76.96 | 77.10 | 77.25 | 77.39 | 77.53 | 77.68 | 77.82 |
| Woodie | 75.05 | 76.05 | 76.61 | 77.61 | 78.17 | 79.17 | 79.73 |
| Fibonacci | 76.12 | 76.72 | 77.09 | 77.68 | 78.28 | 78.65 | 79.24 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 76.75 | 77.42 | 77.81 | 78.48 | 78.87 | 79.54 | 79.93 |
| Camarilla | 77.92 | 78.02 | 78.11 | 78.21 | 78.31 | 78.40 | 78.50 |
| Woodie | 76.62 | 77.35 | 77.68 | 78.41 | 78.74 | 79.47 | 79.80 |
| Fibonacci | 77.42 | 77.82 | 78.07 | 78.48 | 78.88 | 79.13 | 79.54 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 75.71 | 76.70 | 78.19 | 79.18 | 80.67 | 81.66 | 83.15 |
| Camarilla | 78.99 | 79.22 | 79.44 | 79.67 | 79.90 | 80.13 | 80.35 |
| Woodie | 75.95 | 76.83 | 78.43 | 79.31 | 80.91 | 81.79 | 83.39 |
| Fibonacci | 76.70 | 77.65 | 78.24 | 79.18 | 80.13 | 80.72 | 81.66 |
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): | 22.95 | |
| MACD (12,26,9): | -0.2700 | |
| Directional Movement: | -30.06 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 76.95 | |
| Parabolic SAR (0,02-0,02-0,2): | 77.38 | |
| Elder Ray (13): | -0.33 | |
| Super Trend (3,10): | 77.43 | |
| Zig ZAG (10): | 76.85 | |
| VORTEX (21): | 0.6500 | |
| Stochastique (14,3,5): | 22.46 | |
| TEMA (21): | 76.97 | |
| Williams %R (14): | -84.06 | |
| Chande Momentum Oscillator (20): | -0.39 | |
| Repulse (5,40,3): | -0.4500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 0.67 |
| MA7: | 78.05 | |
| MA20: | 78.75 | |
| MA50: | 78.46 | |
| MA100: | 77.77 | |
| MAexp7: | 77.10 | |
| MAexp20: | 77.30 | |
| MAexp50: | 77.72 | |
| MAexp100: | 78.04 | |
| Price / MA7: | -1.64% | |
| Price / MA20: | -2.51% | |
| Price / MA50: | -2.15% | |
| Price / MA100: | -1.29% | |
| Price / MAexp7: | -0.43% | |
| Price / MAexp20: | -0.69% | |
| Price / MAexp50: | -1.22% | |
| Price / MAexp100: | -1.63% |
Quotes :
-
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)
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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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