NZD/JPY - 15 min. - Technical analysis published on 08/14/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
61%
6%
33%
My opinion
Bullish above 86.49 JPY
My targets
86.85 JPY (+0.18)
87.11 JPY (+0.44)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for NZD/JPY as long as the price remains well above 86.49 JPY. The buyers' bullish objective is set at 86.85 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 87.11 JPY. If there is any crossing, the next objective would be the resistance located at 87.47 JPY. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 86.85 JPY. On this resistance, against the trend traders who would like to go short on NZD/JPY with a bearish signal from their trading strategy, should not hesitate to act.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
1.8
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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 86.67 JPY. On the day, this instrument lost -0.09% and was between 86.26 JPY and 86.98 JPY. This implies that the price is at +0.48% from its lowest and at -0.36% from its highest.86.26
86.98
86.67
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
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 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 15 min. shows an overall slightly bearish trend. 60.71% 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. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 15 minutes
In fact, 11 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
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 support
Type : Bullish
Timeframe : 15 minutes
Support of channel is broken
Type : Bearish
Timeframe : 15 minutes
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 | 85.94 | 86.31 | 86.54 | 86.67 | 87.13 | 87.46 | 87.82 |
| Change (%) | -0.84% | -0.42% | -0.15% | - | +0.53% | +0.91% | +1.33% |
| Change | -0.73 | -0.36 | -0.13 | - | +0.46 | +0.79 | +1.15 |
| Level | Minor | Major | Minor | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 85.87 | 86.23 | 86.49 | 86.85 | 87.11 | 87.47 | 87.73 |
| Camarilla | 86.58 | 86.64 | 86.69 | 86.75 | 86.81 | 86.86 | 86.92 |
| Woodie | 85.82 | 86.21 | 86.44 | 86.83 | 87.06 | 87.45 | 87.68 |
| Fibonacci | 86.23 | 86.47 | 86.61 | 86.85 | 87.09 | 87.23 | 87.47 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 84.58 | 85.44 | 86.09 | 86.95 | 87.60 | 88.46 | 89.11 |
| Camarilla | 86.34 | 86.47 | 86.61 | 86.75 | 86.89 | 87.03 | 87.17 |
| Woodie | 84.49 | 85.39 | 86.00 | 86.90 | 87.51 | 88.41 | 89.02 |
| Fibonacci | 85.44 | 86.01 | 86.37 | 86.95 | 87.52 | 87.88 | 88.46 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 80.83 | 82.88 | 85.59 | 87.64 | 90.35 | 92.40 | 95.11 |
| Camarilla | 86.98 | 87.42 | 87.85 | 88.29 | 88.73 | 89.16 | 89.60 |
| Woodie | 81.15 | 83.05 | 85.91 | 87.81 | 90.67 | 92.57 | 95.43 |
| Fibonacci | 82.88 | 84.70 | 85.83 | 87.64 | 89.46 | 90.59 | 92.40 |
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): | 57.65 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | 1.54 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 86.41 | |
| Parabolic SAR (0,02-0,02-0,2): | 86.28 | |
| Elder Ray (13): | 0.09 | |
| Super Trend (3,10): | 86.56 | |
| Zig ZAG (10): | 86.53 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 85.56 | |
| TEMA (21): | 86.46 | |
| Williams %R (14): | -3.45 | |
| Chande Momentum Oscillator (20): | 0.13 | |
| Repulse (5,40,3): | 0.1000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.21 |
| MA7: | 86.83 | |
| MA20: | 87.13 | |
| MA50: | 87.36 | |
| MA100: | 85.68 | |
| MAexp7: | 86.47 | |
| MAexp20: | 86.45 | |
| MAexp50: | 86.53 | |
| MAexp100: | 86.66 | |
| Price / MA7: | -0.18% | |
| Price / MA20: | -0.53% | |
| Price / MA50: | -0.79% | |
| Price / MA100: | +1.16% | |
| Price / MAexp7: | +0.23% | |
| Price / MAexp20: | +0.25% | |
| Price / MAexp50: | +0.16% | |
| Price / MAexp100: | +0.01% |
Quotes :
-
Real time data
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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:
-
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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