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NZD/JPY
NZD JPY
- JPY (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: NZDJPY
ISIN:

NZD/JPY - 1H - Technical analysis published on 11/16/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Slightly bullish
Technical indicators
17%
72%
11%
My opinion
Bearish under 90.70 JPY
My targets
89.86 JPY (-0.53)
89.56 JPY (-0.83)
My analysis
The strong short-term decline in NZD/JPY calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 90.70 JPY, one could consider taking advantage of the short-term movement. The first bearish objective is located at 89.86 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 89.56 JPY as an objective. Crossing it would then enable sellers to target 88.95 JPY. Be careful, a return to above 90.70 JPY could jeopardize the reversal.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
2.1

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.

hannahfreeman
This analysis was given by hannahfreeman. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The NZD/JPY rating is 90.39 JPY. On the day, this instrument lost -0.85% with the lowest point at 90.31 JPY and the highest point at 91.18 JPY. The deviation from the price is +0.09% for the low point and -0.87% for the high point.

90.31
91.18
90.39

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:

Central Records

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 1H shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour



In fact, 13 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 88.95 89.56 89.86 90.39 90.70 90.98 91.20
Change (%) -1.59% -0.92% -0.59% - +0.34% +0.65% +0.90%
Change -1.44 -0.83 -0.53 - +0.31 +0.59 +0.81
Level Major Major Minor - Minor Minor Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard89.7290.0390.5990.9091.4691.7792.33
Camarilla90.9291.0091.0891.1691.2491.3291.40
Woodie89.8690.0990.7390.9691.6091.8392.47
Fibonacci90.0390.3690.5690.9091.2391.4391.77


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard87.9088.4288.8389.3589.7690.2890.69
Camarilla88.9989.0889.1789.2589.3489.4289.51
Woodie87.8688.3988.7989.3289.7290.2590.65
Fibonacci88.4288.7788.9989.3589.7089.9290.28


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard83.3185.0586.4688.2089.6191.3592.76
Camarilla87.0187.3087.5987.8888.1788.4688.75
Woodie83.1684.9786.3188.1289.4691.2792.61
Fibonacci85.0586.2586.9988.2089.4090.1491.35

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): 38.81
MACD (12,26,9): -0.0300
Directional Movement: -16.20
AROON (14): -28.57
DEMA (21): 90.67
Parabolic SAR (0,02-0,02-0,2): 90.78
Elder Ray (13): -0.15
Super Trend (3,10): 90.98
Zig ZAG (10): 90.36
VORTEX (21): 0.8600
Stochastique (14,3,5): 24.77
TEMA (21): 90.49
Williams %R (14): -94.25
Chande Momentum Oscillator (20): -0.48
Repulse (5,40,3): -0.4200
ROCnROLL: 2
TRIX (15,9): 0.0000
Courbe Coppock: 1.02
MA7: 89.80
MA20: 88.66
MA50: 88.40
MA100: 87.82
MAexp7: 90.57
MAexp20: 90.67
MAexp50: 90.48
MAexp100: 90.13
Price / MA7: +0.66%
Price / MA20: +1.95%
Price / MA50: +2.25%
Price / MA100: +2.93%
Price / MAexp7: -0.20%
Price / MAexp20: -0.31%
Price / MAexp50: -0.10%
Price / MAexp100: +0.29%

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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