NZD/JPY - 15 min. - Technical analysis published on 07/31/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
0%
50%
My opinion
Bullish above 86.62 JPY
My targets
88.28 JPY (+0.24)
88.29 JPY (+0.25)
My analysis
The bullish trend is currently very strong on NZD/JPY. As long as the price remains above the support at 86.62 JPY, you could try to benefit from the boom. The first bullish objective is located at 88.28 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 88.29 JPY as an objective. Crossing it would then enable buyers to target 89.62 JPY. 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
0
10
7.7
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This analysis was given by sankar79in. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NZD/JPY price is 88.04 JPY. The price registered an increase of +1.28% on the session and was traded between 86.64 JPY and 88.07 JPY over the period. The price is currently at +1.62% from its lowest and -0.03% from its highest.86.64
88.07
88.04
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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
A technical analysis in 15 min. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 9 technical indicators out of 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 15 minutes
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 87.11 | 87.38 | 87.83 | 88.04 | 89.56 | 93.84 |
| Change (%) | -1.06% | -0.75% | -0.24% | - | +1.73% | +6.59% |
| Change | -0.93 | -0.66 | -0.21 | - | +1.52 | +5.80 |
| Level | Major | Minor | Intermediate | - | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 83.59 | 84.26 | 85.60 | 86.27 | 87.61 | 88.28 | 89.62 |
| Camarilla | 86.38 | 86.56 | 86.75 | 86.93 | 87.11 | 87.30 | 87.48 |
| Woodie | 83.92 | 84.43 | 85.93 | 86.44 | 87.94 | 88.45 | 89.95 |
| Fibonacci | 84.26 | 85.03 | 85.51 | 86.27 | 87.04 | 87.52 | 88.28 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 82.21 | 83.58 | 85.25 | 86.62 | 88.29 | 89.66 | 91.33 |
| Camarilla | 86.09 | 86.37 | 86.65 | 86.93 | 87.21 | 87.49 | 87.77 |
| Woodie | 82.37 | 83.66 | 85.41 | 86.70 | 88.45 | 89.74 | 91.49 |
| Fibonacci | 83.58 | 84.74 | 85.46 | 86.62 | 87.78 | 88.50 | 89.66 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 79.60 | 81.56 | 85.06 | 87.02 | 90.52 | 92.48 | 95.98 |
| Camarilla | 87.06 | 87.56 | 88.06 | 88.56 | 89.06 | 89.56 | 90.06 |
| Woodie | 80.37 | 81.95 | 85.83 | 87.41 | 91.29 | 92.87 | 96.75 |
| Fibonacci | 81.56 | 83.65 | 84.93 | 87.02 | 89.11 | 90.39 | 92.48 |
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): | 70.84 | |
| MACD (12,26,9): | 0.1900 | |
| Directional Movement: | 21.90 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 88.07 | |
| Parabolic SAR (0,02-0,02-0,2): | 87.83 | |
| Elder Ray (13): | 0.10 | |
| Super Trend (3,10): | 87.66 | |
| Zig ZAG (10): | 88.02 | |
| VORTEX (21): | 1.2200 | |
| Stochastique (14,3,5): | 84.13 | |
| TEMA (21): | 88.08 | |
| Williams %R (14): | -10.71 | |
| Chande Momentum Oscillator (20): | 0.14 | |
| Repulse (5,40,3): | 0.0500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 0.58 |
| MA7: | 87.26 | |
| MA20: | 87.74 | |
| MA50: | 86.93 | |
| MA100: | 85.19 | |
| MAexp7: | 87.98 | |
| MAexp20: | 87.80 | |
| MAexp50: | 87.42 | |
| MAexp100: | 87.07 | |
| Price / MA7: | +0.89% | |
| Price / MA20: | +0.34% | |
| Price / MA50: | +1.28% | |
| Price / MA100: | +3.35% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.28% | |
| Price / MAexp50: | +0.72% | |
| Price / MAexp100: | +1.13% |
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)
-
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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