NZD/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	NZDJPY
ISIN:

NZD/JPY - 1H - Technical analysis published on 03/12/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

61%

33%

My opinion

Bullish above 90.73 JPY

My targets

91.04 JPY (+0.12)

91.22 JPY (+0.30)

My analysis

The strong short-term increase in NZD/JPY calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 90.73 JPY, you could consider taking advantage of the short-term movement. The first bullish objective is located at 91.04 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 91.22 JPY as an objective. Crossing it would then enable buyers to target 91.41 JPY. Caution, a return under 90.73 JPY could jeopardize the reversal.

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

2.1

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 OliVymous. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

NZD/JPY rating 90.92 JPY. The price registered an increase of +0.42% on the session with the lowest point at 90.48 JPY and the highest point at 91.06 JPY. The deviation from the price is +0.49% for the low point and -0.15% for the high point.

90.48

91.06

90.92

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

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of NZD/JPY in 1H shows an overall slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 11 technical indicators on 18 studied are currently positioned bullish. The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

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:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	90.44	90.56	90.73	90.92	91.04	91.22	91.41
Change (%)	-0.53%	-0.40%	-0.21%	-	+0.13%	+0.33%	+0.54%
Change	-0.48	-0.36	-0.19	-	+0.12	+0.30	+0.49
Level	Major	Minor	Minor	-	Intermediate	Major	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	89.81	90.13	90.33	90.65	90.85	91.17	91.37
Camarilla	90.40	90.45	90.49	90.54	90.59	90.64	90.68
Woodie	89.76	90.10	90.28	90.62	90.80	91.14	91.32
Fibonacci	90.13	90.33	90.45	90.65	90.85	90.97	91.17

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	89.29	90.00	90.42	91.13	91.55	92.26	92.68
Camarilla	90.53	90.63	90.74	90.84	90.94	91.05	91.15
Woodie	89.15	89.93	90.28	91.06	91.41	92.19	92.54
Fibonacci	90.00	90.43	90.70	91.13	91.56	91.83	92.26

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	85.05	87.15	89.25	91.35	93.45	95.55	97.65
Camarilla	90.20	90.58	90.97	91.35	91.74	92.12	92.51
Woodie	85.05	87.15	89.25	91.35	93.45	95.55	97.65
Fibonacci	87.15	88.75	89.75	91.35	92.95	93.95	95.55

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):	58.73
MACD (12,26,9):	0.0600
Directional Movement:	5.57
AROON (14):	42.85
DEMA (21):	90.83
Parabolic SAR (0,02-0,02-0,2):	90.64
Elder Ray (13):	0.10
Super Trend (3,10):	90.62
Zig ZAG (10):	90.93
VORTEX (21):	1.1300
Stochastique (14,3,5):	82.76
TEMA (21):	90.94
Williams %R (14):	-25.86
Chande Momentum Oscillator (20):	0.30
Repulse (5,40,3):	0.0400
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	0.65

MA7:	91.17
MA20:	91.91
MA50:	91.01
MA100:	90.18
MAexp7:	90.90
MAexp20:	90.79
MAexp50:	90.84
MAexp100:	91.01
Price / MA7:	-0.27%
Price / MA20:	-1.08%
Price / MA50:	-0.10%
Price / MA100:	+0.82%
Price / MAexp7:	+0.02%
Price / MAexp20:	+0.14%
Price / MAexp50:	+0.09%
Price / MAexp100:	-0.10%

Quotes : - Real time data - Forex

News

The last news published on NZD/JPY at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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