NZD/JPY - 1H - Technical analysis published on 11/22/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Slightly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 69.62 JPY
My targets
69.74 JPY (+0.16%)
69.94 JPY (+0.45%)
My analysis
The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade NZD/JPY with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 69.62 JPY. The buyers” bullish objective is set at 69.74 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 69.94 JPY. If there is any crossing, the next objective would be the resistance located at 71.26 JPY. If there is a bearish break in the support located at 69.62 JPY some indecision would arise.
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
0
10
5.2
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This analysis was given by Edd8011. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NZD/JPY price is 69.63 JPY. The price has increased by +0.13% since the last closing with the lowest point at 69.49 JPY and the highest point at 69.81 JPY. The deviation from the price is +0.20% for the low point and -0.26% for the high point.69.49
69.81
69.63
Here is a more detailed summary of the historical variations registered by NZD/JPY:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NZD/JPY chart shows a slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
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 | 69.36 | 69.44 | 69.62 | 69.63 | 69.74 | 69.94 | 71.26 |
| Change (%) | -0.39% | -0.27% | -0.01% | - | +0.16% | +0.45% | +2.34% |
| Change | -0.27 | -0.19 | -0.01 | - | +0.11 | +0.31 | +1.63 |
| Level | Intermediate | Intermediate | Minor | - | Minor | Major | Major |
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 | 68.56 | 68.91 | 69.23 | 69.58 | 69.90 | 70.25 | 70.57 |
| Camarilla | 69.36 | 69.42 | 69.48 | 69.54 | 69.60 | 69.66 | 69.72 |
| Woodie | 68.54 | 68.90 | 69.21 | 69.57 | 69.88 | 70.24 | 70.55 |
| Fibonacci | 68.91 | 69.17 | 69.33 | 69.58 | 69.84 | 70.00 | 70.25 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 92.21 | 92.48 | 92.94 | 93.21 | 93.67 | 93.94 | 94.40 |
| Camarilla | 93.21 | 93.28 | 93.34 | 93.41 | 93.48 | 93.54 | 93.61 |
| Woodie | 92.32 | 92.53 | 93.05 | 93.26 | 93.78 | 93.99 | 94.51 |
| Fibonacci | 92.48 | 92.76 | 92.93 | 93.21 | 93.49 | 93.66 | 93.94 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 64.43 | 65.68 | 67.47 | 68.72 | 70.51 | 71.76 | 73.55 |
| Camarilla | 68.43 | 68.71 | 68.99 | 69.27 | 69.55 | 69.83 | 70.11 |
| Woodie | 64.71 | 65.82 | 67.75 | 68.86 | 70.79 | 71.90 | 73.83 |
| Fibonacci | 65.68 | 66.84 | 67.56 | 68.72 | 69.88 | 70.60 | 71.76 |
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): | 50.62 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 7.96 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 69.63 | |
| Parabolic SAR (0,02-0,02-0,2): | 69.53 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 69.51 | |
| Zig ZAG (10): | 69.67 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 50.54 | |
| TEMA (21): | 69.65 | |
| Williams %R (14): | -45.16 | |
| Chande Momentum Oscillator (20): | 0.13 | |
| Repulse (5,40,3): | 0.0400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.25 |
| MA7: | 70.69 | |
| MA20: | 69.86 | |
| MA50: | 68.89 | |
| MA100: | 69.29 | |
| MAexp7: | 69.64 | |
| MAexp20: | 69.62 | |
| MAexp50: | 69.62 | |
| MAexp100: | 69.61 | |
| Price / MA7: | -1.50% | |
| Price / MA20: | -0.33% | |
| Price / MA50: | +1.07% | |
| Price / MA100: | +0.49% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.01% | |
| Price / MAexp100: | +0.03% |
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.
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