NZD/JPY

- JPY (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	NZDJPY
ISIN:

NZD/JPY - Daily - Technical analysis published on 12/17/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bearish

Technical indicators

17%

61%

22%

My opinion

Bearish under 89.53 JPY

My targets

87.76 JPY (-0.57)

85.94 JPY (-2.39)

My analysis

The strong short-term decline of NZD/JPY reinforces the current slightly bearish trend. As long as the price remains below 89.53 JPY, you could take advantage of this bearish acceleration. The first bearish objective is located at 87.76 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 85.94 JPY as an objective. Crossing it would then enable sellers to target 83.72 JPY. A return to above 89.53 JPY would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

3.9

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

Additional analysis

Quotes

NZD/JPY rating 88.33 JPY. On the day, this instrument gained +0.09% and was traded between 87.85 JPY and 88.40 JPY over the period. The price is currently at +0.55% from its lowest and -0.08% from its highest.

87.85

88.40

88.33

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

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this NZD/JPY chart shows a slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 11 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

RSI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

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

Near support of channel

Type : Bullish

Timeframe : Daily

Near support of triangle

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	83.72	85.94	87.76	88.33	89.53	90.38	91.20
Change (%)	-5.22%	-2.71%	-0.65%	-	+1.36%	+2.32%	+3.25%
Change	-4.61	-2.39	-0.57	-	+1.20	+2.05	+2.87
Level	Major	Intermediate	Major	-	Major	Minor	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	87.35	87.60	87.93	88.18	88.51	88.76	89.09
Camarilla	88.09	88.14	88.20	88.25	88.30	88.36	88.41
Woodie	87.38	87.62	87.96	88.20	88.54	88.78	89.12
Fibonacci	87.60	87.83	87.96	88.18	88.41	88.54	88.76

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	85.50	86.62	87.43	88.55	89.36	90.48	91.29
Camarilla	87.72	87.90	88.07	88.25	88.43	88.60	88.78
Woodie	85.36	86.54	87.29	88.47	89.22	90.40	91.15
Fibonacci	86.62	87.35	87.81	88.55	89.28	89.74	90.48

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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	40.19
MACD (12,26,9):	-0.2700
Directional Movement:	-12.80
AROON (14):	-28.57
DEMA (21):	89.13
Parabolic SAR (0,02-0,02-0,2):	90.52
Elder Ray (13):	-1.00
Super Trend (3,10):	90.84
Zig ZAG (10):	88.35
VORTEX (21):	0.9100
Stochastique (14,3,5):	17.01
TEMA (21):	88.58
Williams %R (14):	-82.81
Chande Momentum Oscillator (20):	-2.77
Repulse (5,40,3):	0.4900
ROCnROLL:	2
TRIX (15,9):	0.0100
Courbe Coppock:	3.92

MA7:	88.66
MA20:	89.78
MA50:	89.11
MA100:	88.24
MAexp7:	88.72
MAexp20:	89.31
MAexp50:	89.12
MAexp100:	88.41
Price / MA7:	-0.37%
Price / MA20:	-1.62%
Price / MA50:	-0.88%
Price / MA100:	+0.10%
Price / MAexp7:	-0.44%
Price / MAexp20:	-1.10%
Price / MAexp50:	-0.89%
Price / MAexp100:	-0.09%

Quotes : - Real time data - Forex

News

The last news published on NZD/JPY at the time of the generation of this analysis was as follows:

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

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