NZD/JPY - 15 min. - Technical analysis published on 08/16/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
28%
50%
My opinion
Bullish above 86.85 JPY
My targets
87.14 JPY (+0.22)
87.53 JPY (+0.61)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on NZD/JPY. As long as you are above the support located at 86.85 JPY, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 87.14 JPY would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 87.53 JPY as an objective. Crossing it would then enable buyers to target 87.82 JPY. If the support 86.85 JPY were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
3.4
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Additional analysis
Quotes
The NZD/JPY rating is 86.92 JPY. On the day, this instrument gained +0.20% and was traded between 86.38 JPY and 87.16 JPY over the period. The price is currently at +0.63% from its lowest and -0.28% from its highest.86.38
87.16
86.92
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 this 15 min. chart of NZD/JPY indicates that the overall trend is bullish. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 15 minutes
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
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
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 86.29 | 86.54 | 86.69 | 86.92 | 86.99 | 87.13 | 87.48 |
| Change (%) | -0.72% | -0.44% | -0.26% | - | +0.08% | +0.24% | +0.64% |
| Change | -0.63 | -0.38 | -0.23 | - | +0.07 | +0.21 | +0.56 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 85.78 | 86.17 | 86.46 | 86.85 | 87.14 | 87.53 | 87.82 |
| Camarilla | 86.56 | 86.63 | 86.69 | 86.75 | 86.81 | 86.88 | 86.94 |
| Woodie | 85.73 | 86.15 | 86.41 | 86.83 | 87.09 | 87.51 | 87.77 |
| Fibonacci | 86.17 | 86.43 | 86.59 | 86.85 | 87.11 | 87.27 | 87.53 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.52 | |
| MACD (12,26,9): | 0.0700 | |
| Directional Movement: | 0.34 | |
| AROON (14): | 42.85 | |
| DEMA (21): | 87.07 | |
| Parabolic SAR (0,02-0,02-0,2): | 87.14 | |
| Elder Ray (13): | -0.03 | |
| Super Trend (3,10): | 86.85 | |
| Zig ZAG (10): | 86.98 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 43.97 | |
| TEMA (21): | 87.08 | |
| Williams %R (14): | -60.00 | |
| Chande Momentum Oscillator (20): | 0.06 | |
| Repulse (5,40,3): | -0.0400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.35 |
| MA7: | 86.90 | |
| MA20: | 87.09 | |
| MA50: | 87.46 | |
| MA100: | 85.78 | |
| MAexp7: | 87.00 | |
| MAexp20: | 86.97 | |
| MAexp50: | 86.86 | |
| MAexp100: | 86.83 | |
| Price / MA7: | +0.02% | |
| Price / MA20: | -0.20% | |
| Price / MA50: | -0.62% | |
| Price / MA100: | +1.33% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | +0.07% | |
| Price / MAexp100: | +0.10% |
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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