Londinia Opportunities Analyses - 04/26/2024 (GMT) NZD/JPY - 1H

- JPY (-)

- Real time data - Forex

Type:	Forex
Ticker:	NZDJPY
ISIN:

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.

FX/Indices
Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

28%

My opinion

Bullish above 92.53 JPY

My targets

93.27 JPY (+0.39)

93.84 JPY (+0.96)

My analysis

The bullish trend is currently very strong on NZD/JPY. As long as the price remains above the support at 92.53 JPY, you could try to benefit from the boom. The first bullish objective is located at 93.27 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 93.84 JPY as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.4

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Additional analysis

Quotes

NZD/JPY rating 92.88 JPY. The price has increased by +0.19% since the last closing with the lowest point at 92.64 JPY and the highest point at 92.91 JPY. The deviation from the price is +0.26% for the low point and -0.03% for the high point.

92.64

92.91

92.88

Here is a more detailed summary of the historical variations registered by NZD/JPY:

The study of the highest / lowest by the Central Records scanner shows the following results:

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 LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this NZD/JPY chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	91.22	92.00	92.84	92.88	93.27	93.84
Change (%)	-1.79%	-0.95%	-0.04%	-	+0.42%	+1.03%
Change	-1.66	-0.88	-0.04	-	+0.39	+0.96
Level	Major	Intermediate	Intermediate	-	Intermediate	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	91.33	91.66	92.18	92.51	93.03	93.36	93.88
Camarilla	92.47	92.54	92.62	92.70	92.78	92.86	92.93
Woodie	91.43	91.71	92.28	92.56	93.13	93.41	93.98
Fibonacci	91.66	91.99	92.19	92.51	92.84	93.04	93.36

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	88.47	89.21	90.13	90.87	91.79	92.53	93.45
Camarilla	90.59	90.75	90.90	91.05	91.20	91.35	91.51
Woodie	88.56	89.26	90.22	90.92	91.88	92.58	93.54
Fibonacci	89.21	89.84	90.24	90.87	91.50	91.90	92.53

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	87.65	88.91	89.69	90.95	91.73	92.99	93.77
Camarilla	89.92	90.11	90.29	90.48	90.67	90.85	91.04
Woodie	87.42	88.79	89.46	90.83	91.50	92.87	93.54
Fibonacci	88.91	89.69	90.17	90.95	91.73	92.21	92.99

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):	61.77
MACD (12,26,9):	0.1300
Directional Movement:	5.80
AROON (14):	85.71
DEMA (21):	92.75
Parabolic SAR (0,02-0,02-0,2):	92.29
Elder Ray (13):	0.08
Super Trend (3,10):	92.36
Zig ZAG (10):	92.72
VORTEX (21):	1.0800
Stochastique (14,3,5):	88.28
TEMA (21):	92.76
Williams %R (14):	-17.91
Chande Momentum Oscillator (20):	0.36
Repulse (5,40,3):	0.0200
ROCnROLL:	1
TRIX (15,9):	0.0200
Courbe Coppock:	0.43

MA7:	91.90
MA20:	91.45
MA50:	91.48
MA100:	90.78
MAexp7:	92.70
MAexp20:	92.59
MAexp50:	92.34
MAexp100:	92.04
Price / MA7:	+1.07%
Price / MA20:	+1.56%
Price / MA50:	+1.53%
Price / MA100:	+2.31%
Price / MAexp7:	+0.18%
Price / MAexp20:	+0.30%
Price / MAexp50:	+0.57%
Price / MAexp100:	+0.90%

Quotes : - Real time data - 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: