NZD/JPY - 1H - Technical analysis published on 02/21/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 83.92 JPY
My targets
84.48 JPY (+0.45)
84.73 JPY (+0.70)
My analysis
NZD/JPY is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 83.92 JPY. The next resistance located at 84.48 JPY is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 84.73 JPY. After this resistance, buyers could then target 86.14 JPY. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
7.7
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.
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Additional analysis
Quotes
NZD/JPY rating 84.03 JPY. On the day, this instrument lost -0.02% and was between 83.59 JPY and 84.11 JPY. This implies that the price is at +0.53% from its lowest and at -0.10% from its highest.83.59
84.11
84.03
Here is a more detailed summary of the historical variations registered by NZD/JPY:
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
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NZD/JPY in 1H shows a strongly overall bullish trend. 89.29% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
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
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 83.30 | 83.72 | 83.92 | 84.03 | 84.09 | 84.48 | 84.73 |
| Change (%) | -0.87% | -0.37% | -0.13% | - | +0.07% | +0.54% | +0.83% |
| Change | -0.73 | -0.31 | -0.11 | - | +0.06 | +0.45 | +0.70 |
| Level | Minor | Major | Minor | - | Minor | Major | Major |
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 | 83.05 | 83.26 | 83.65 | 83.86 | 84.25 | 84.46 | 84.85 |
| Camarilla | 83.89 | 83.94 | 84.00 | 84.05 | 84.11 | 84.16 | 84.22 |
| Woodie | 83.15 | 83.31 | 83.75 | 83.91 | 84.35 | 84.51 | 84.95 |
| Fibonacci | 83.26 | 83.49 | 83.63 | 83.86 | 84.09 | 84.23 | 84.46 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 81.22 | 82.00 | 82.91 | 83.69 | 84.60 | 85.38 | 86.29 |
| Camarilla | 83.35 | 83.50 | 83.66 | 83.81 | 83.97 | 84.12 | 84.28 |
| Woodie | 81.28 | 82.03 | 82.97 | 83.72 | 84.66 | 85.41 | 86.35 |
| Fibonacci | 82.00 | 82.65 | 83.05 | 83.69 | 84.34 | 84.74 | 85.38 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 77.68 | 79.35 | 81.56 | 83.23 | 85.44 | 87.11 | 89.32 |
| Camarilla | 82.69 | 83.05 | 83.40 | 83.76 | 84.12 | 84.47 | 84.83 |
| Woodie | 77.94 | 79.49 | 81.82 | 83.37 | 85.70 | 87.25 | 89.58 |
| Fibonacci | 79.35 | 80.84 | 81.75 | 83.23 | 84.72 | 85.63 | 87.11 |
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): | 58.28 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 3.66 | |
| AROON (14): | 14.28 | |
| DEMA (21): | 83.92 | |
| Parabolic SAR (0,02-0,02-0,2): | 83.61 | |
| Elder Ray (13): | 0.09 | |
| Super Trend (3,10): | 83.65 | |
| Zig ZAG (10): | 84.04 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 76.28 | |
| TEMA (21): | 83.93 | |
| Williams %R (14): | -15.38 | |
| Chande Momentum Oscillator (20): | -0.02 | |
| Repulse (5,40,3): | 0.1100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.10 |
| MA7: | 84.02 | |
| MA20: | 83.71 | |
| MA50: | 83.79 | |
| MA100: | 84.62 | |
| MAexp7: | 83.92 | |
| MAexp20: | 83.89 | |
| MAexp50: | 83.86 | |
| MAexp100: | 83.84 | |
| Price / MA7: | +0.01% | |
| Price / MA20: | +0.38% | |
| Price / MA50: | +0.29% | |
| Price / MA100: | -0.70% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | +0.17% | |
| Price / MAexp50: | +0.20% | |
| Price / MAexp100: | +0.23% |
Quotes :
-
Real time data
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Forex
News
The latest news and videos published on NZD/JPY at the time of the analysis were as follows:
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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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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