NZD/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	NZDJPY
ISIN:

NZD/JPY - Daily - Technical analysis published on 10/06/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

11%

28%

My opinion

Bullish above 87.13 JPY

My targets

89.60 JPY (+0.84)

93.84 JPY (+5.08)

My analysis

The bullish trend is currently very strong on NZD/JPY. As long as the price remains above the support at 87.13 JPY, you could try to benefit from the boom. The first bullish objective is located at 89.60 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 93.84 JPY as an objective. 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

7.7

Comment on the analysis

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.

This analysis was given by arvind0134. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The NZD/JPY price is 88.76 JPY. On the day, this instrument gained +0.19% with the lowest point at 88.52 JPY and the highest point at 88.84 JPY. The deviation from the price is +0.27% for the low point and -0.09% for the high point.

88.52

88.84

88.76

Here is a more detailed summary of the historical variations registered by NZD/JPY:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 NZD/JPY in Daily shows a strongly overall 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 11 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

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

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	85.94	87.13	88.43	88.76	89.60	93.84
Change (%)	-3.18%	-1.84%	-0.37%	-	+0.95%	+5.72%
Change	-2.82	-1.63	-0.33	-	+0.84	+5.08
Level	Minor	Major	Major	-	Major	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	87.48	87.73	88.16	88.41	88.84	89.09	89.52
Camarilla	88.40	88.47	88.53	88.59	88.65	88.72	88.78
Woodie	87.57	87.78	88.25	88.46	88.93	89.14	89.61
Fibonacci	87.73	87.99	88.15	88.41	88.67	88.83	89.09

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	86.41	87.29	88.44	89.32	90.47	91.35	92.50
Camarilla	89.03	89.22	89.40	89.59	89.78	89.96	90.15
Woodie	86.55	87.36	88.58	89.39	90.61	91.42	92.64
Fibonacci	87.29	88.07	88.55	89.32	90.10	90.58	91.35

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	83.28	84.78	87.19	88.69	91.10	92.60	95.01
Camarilla	88.52	88.87	89.23	89.59	89.95	90.31	90.67
Woodie	83.73	85.01	87.64	88.92	91.55	92.83	95.46
Fibonacci	84.78	86.28	87.20	88.69	90.19	91.11	92.60

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):	58.78
MACD (12,26,9):	0.4400
Directional Movement:	5.31
AROON (14):	64.29
DEMA (21):	88.75
Parabolic SAR (0,02-0,02-0,2):	90.02
Elder Ray (13):	0.26
Super Trend (3,10):	87.53
Zig ZAG (10):	88.74
VORTEX (21):	1.1300
Stochastique (14,3,5):	46.03
TEMA (21):	88.98
Williams %R (14):	-46.62
Chande Momentum Oscillator (20):	0.88
Repulse (5,40,3):	0.6100
ROCnROLL:	1
TRIX (15,9):	0.0700
Courbe Coppock:	3.24

MA7:	88.77
MA20:	88.08
MA50:	87.34
MA100:	87.13
MAexp7:	88.60
MAexp20:	88.18
MAexp50:	87.60
MAexp100:	86.96
Price / MA7:	-0.01%
Price / MA20:	+0.77%
Price / MA50:	+1.63%
Price / MA100:	+1.87%
Price / MAexp7:	+0.18%
Price / MAexp20:	+0.66%
Price / MAexp50:	+1.32%
Price / MAexp100:	+2.07%

Quotes : - Real time data - Forex

News

The latest news and videos published on NZD/JPY at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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