NZD/JPY

- JPY (-)

- Real time data - Forex

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Change:	-
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Type:	Forex
Ticker:	NZDJPY
ISIN:

NZD/JPY - Daily - Technical analysis published on 11/14/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 88.48 JPY

My targets

89.56 JPY (+0.57)

93.84 JPY (+4.85)

My analysis

The bullish trend is currently very strong on NZD/JPY. As long as the price remains above the support at 88.48 JPY, you could try to benefit from the boom. The first bullish objective is located at 89.56 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.

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

8.2

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 hannahfreeman. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The NZD/JPY rating is 88.99 JPY. On the day, this instrument lost -0.24% and was between 88.95 JPY and 89.28 JPY. This implies that the price is at +0.04% from its lowest and at -0.32% from its highest.

88.95

89.28

88.99

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

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 this Daily 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 scanner does not detect any result on moving averages that would impact this trend.

In fact, 13 technical indicators on 18 studied are currently positioned bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near resistance of channel

Type : Bearish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	83.72	87.14	88.48	88.99	89.56	93.84
Change (%)	-5.92%	-2.08%	-0.57%	-	+0.64%	+5.45%
Change	-5.27	-1.85	-0.51	-	+0.57	+4.85
Level	Major	Intermediate	Minor	-	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	88.40	88.68	88.94	89.22	89.48	89.76	90.02
Camarilla	89.05	89.10	89.15	89.20	89.25	89.30	89.35
Woodie	88.39	88.68	88.93	89.22	89.47	89.76	90.01
Fibonacci	88.68	88.89	89.01	89.22	89.43	89.55	89.76

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	87.90	88.42	88.83	89.35	89.76	90.28	90.69
Camarilla	88.99	89.08	89.17	89.25	89.34	89.42	89.51
Woodie	87.86	88.39	88.79	89.32	89.72	90.25	90.65
Fibonacci	88.42	88.77	88.99	89.35	89.70	89.92	90.28

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	83.31	85.05	86.46	88.20	89.61	91.35	92.76
Camarilla	87.01	87.30	87.59	87.88	88.17	88.46	88.75
Woodie	83.16	84.97	86.31	88.12	89.46	91.27	92.61
Fibonacci	85.05	86.25	86.99	88.20	89.40	90.14	91.35

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):	55.54
MACD (12,26,9):	0.3200
Directional Movement:	10.42
AROON (14):	71.43
DEMA (21):	89.02
Parabolic SAR (0,02-0,02-0,2):	87.95
Elder Ray (13):	0.29
Super Trend (3,10):	87.24
Zig ZAG (10):	88.99
VORTEX (21):	1.0500
Stochastique (14,3,5):	76.73
TEMA (21):	89.19
Williams %R (14):	-28.25
Chande Momentum Oscillator (20):	2.06
Repulse (5,40,3):	-0.4500
ROCnROLL:	1
TRIX (15,9):	0.0300
Courbe Coppock:	3.97

MA7:	89.20
MA20:	88.27
MA50:	88.20
MA100:	87.75
MAexp7:	89.05
MAexp20:	88.65
MAexp50:	88.21
MAexp100:	87.60
Price / MA7:	-0.24%
Price / MA20:	+0.82%
Price / MA50:	+0.90%
Price / MA100:	+1.41%
Price / MAexp7:	-0.07%
Price / MAexp20:	+0.38%
Price / MAexp50:	+0.88%
Price / MAexp100:	+1.59%

Quotes : - Real time data - 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:

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

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