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
61%
6%
33%
My opinion
Bullish above 86.62 JPY
My targets
88.28 JPY (+0.07)
88.29 JPY (+0.08)
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
7.9
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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 rating is 88.21 JPY. The price has increased by +1.47% since the last closing and was between 86.64 JPY and 88.33 JPY. This implies that the price is at +1.81% from its lowest and at -0.14% from its highest.86.64
88.33
88.21
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of NZD/JPY indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 11 technical indicators on 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 15 minutes
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 15 minutes
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 87.11 | 87.38 | 87.83 | 88.21 | 89.56 | 93.84 |
| Change (%) | -1.25% | -0.94% | -0.43% | - | +1.53% | +6.38% |
| Change | -1.10 | -0.83 | -0.38 | - | +1.35 | +5.63 |
| Level | Major | Minor | Intermediate | - | 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 | 83.59 | 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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 68.94 | |
| MACD (12,26,9): | 0.1600 | |
| Directional Movement: | 21.73 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 88.31 | |
| Parabolic SAR (0,02-0,02-0,2): | 88.08 | |
| Elder Ray (13): | 0.06 | |
| Super Trend (3,10): | 87.95 | |
| Zig ZAG (10): | 88.21 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 81.75 | |
| TEMA (21): | 88.28 | |
| Williams %R (14): | -28.57 | |
| Chande Momentum Oscillator (20): | 0.19 | |
| Repulse (5,40,3): | -0.0400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 0.57 |
| MA7: | 87.29 | |
| MA20: | 87.75 | |
| MA50: | 86.94 | |
| MA100: | 85.20 | |
| MAexp7: | 88.21 | |
| MAexp20: | 88.08 | |
| MAexp50: | 87.72 | |
| MAexp100: | 87.32 | |
| Price / MA7: | +1.05% | |
| Price / MA20: | +0.52% | |
| Price / MA50: | +1.46% | |
| Price / MA100: | +3.53% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.15% | |
| Price / MAexp50: | +0.56% | |
| Price / MAexp100: | +1.02% |
Quotes :
-
Real time data
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Forex
News
The last news published on NZD/JPY at the time of the generation of this analysis was 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.
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