NZD/JPY - 15 min. - Technical analysis published on 12/08/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
56%
17%
My opinion
Bearish under 88.98 JPY
My targets
87.56 JPY (-0.90)
86.27 JPY (-2.19)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on NZD/JPY as long as the price remains well below 88.98 JPY. The sellers' bearish objective is set at 87.56 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 86.27 JPY. In case of crossing, the next objective would be the support located at 84.85 JPY. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
7
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This analysis was given by chrisnl. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
NZD/JPY rating 88.46 JPY. The price registered a decrease of -0.45% on the session and was traded between 87.96 JPY and 88.90 JPY over the period. The price is currently at +0.57% from its lowest and -0.49% from its highest.87.96
88.90
88.46
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
A technical analysis in 15 min. of this NZD/JPY chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 15 minutes
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 15 minutes
Support of channel is broken
Type : Bearish
Timeframe : 15 minutes
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 83.72 | 85.94 | 87.76 | 88.46 | 89.23 | 89.53 | 90.09 |
| Change (%) | -5.36% | -2.85% | -0.79% | - | +0.87% | +1.21% | +1.84% |
| Change | -4.74 | -2.52 | -0.70 | - | +0.77 | +1.07 | +1.63 |
| Level | Major | Intermediate | Major | - | Minor | Intermediate | Minor |
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 | 84.85 | 86.27 | 87.56 | 88.98 | 90.27 | 91.69 | 92.98 |
| Camarilla | 88.12 | 88.36 | 88.61 | 88.86 | 89.11 | 89.36 | 89.61 |
| Woodie | 84.80 | 86.24 | 87.51 | 88.95 | 90.22 | 91.66 | 92.93 |
| Fibonacci | 86.27 | 87.30 | 87.94 | 88.98 | 90.01 | 90.65 | 91.69 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 89.17 | 89.70 | 90.46 | 90.99 | 91.75 | 92.28 | 93.04 |
| Camarilla | 90.87 | 90.98 | 91.10 | 91.22 | 91.34 | 91.46 | 91.58 |
| Woodie | 89.29 | 89.76 | 90.58 | 91.05 | 91.87 | 92.34 | 93.16 |
| Fibonacci | 89.70 | 90.19 | 90.50 | 90.99 | 91.48 | 91.79 | 92.28 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 84.81 | 86.18 | 88.65 | 90.02 | 92.49 | 93.86 | 96.33 |
| Camarilla | 90.06 | 90.42 | 90.77 | 91.12 | 91.47 | 91.82 | 92.18 |
| Woodie | 85.36 | 86.46 | 89.20 | 90.30 | 93.04 | 94.14 | 96.88 |
| Fibonacci | 86.18 | 87.65 | 88.55 | 90.02 | 91.49 | 92.39 | 93.86 |
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): | 36.51 | |
| MACD (12,26,9): | -0.1200 | |
| Directional Movement: | -24.77 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 88.49 | |
| Parabolic SAR (0,02-0,02-0,2): | 88.85 | |
| Elder Ray (13): | -0.19 | |
| Super Trend (3,10): | 88.82 | |
| Zig ZAG (10): | 88.50 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 38.05 | |
| TEMA (21): | 88.46 | |
| Williams %R (14): | -36.79 | |
| Chande Momentum Oscillator (20): | -0.30 | |
| Repulse (5,40,3): | 0.4700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.86 |
| MA7: | 90.17 | |
| MA20: | 90.16 | |
| MA50: | 89.12 | |
| MA100: | 88.16 | |
| MAexp7: | 88.47 | |
| MAexp20: | 88.60 | |
| MAexp50: | 88.79 | |
| MAexp100: | 89.12 | |
| Price / MA7: | -1.90% | |
| Price / MA20: | -1.89% | |
| Price / MA50: | -0.74% | |
| Price / MA100: | +0.34% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.16% | |
| Price / MAexp50: | -0.37% | |
| Price / MAexp100: | -0.74% |
Quotes :
-
Real time data
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Forex
News
The latest news and videos published on NZD/JPY at the time of the analysis were 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.
About author
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