NZD/JPY - 1H - Technical analysis published on 01/04/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 89.90 JPY
My targets
90.42 JPY (+0.29)
91.20 JPY (+1.07)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NZD/JPY as long as the price remains well above 89.90 JPY. The buyers' bullish objective is set at 90.42 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 91.20 JPY. If there is any crossing, the next objective would be the resistance located at 93.84 JPY. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.1
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.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NZD/JPY price is 90.13 JPY. The price registered an increase of +0.83% on the session with the lowest point at 89.20 JPY and the highest point at 90.26 JPY. The deviation from the price is +1.04% for the low point and -0.14% for the high point.89.20
90.26
90.13
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NZD/JPY chart shows a strongly 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 8 technical indicators out of 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 89.56 | 89.90 | 90.07 | 90.13 | 90.42 | 91.20 | 93.84 |
| Change (%) | -0.63% | -0.26% | -0.07% | - | +0.32% | +1.19% | +4.12% |
| Change | -0.57 | -0.23 | -0.06 | - | +0.29 | +1.07 | +3.71 |
| Level | Major | Major | Minor | - | Intermediate | Minor | 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 | 87.98 | 88.34 | 88.87 | 89.23 | 89.76 | 90.12 | 90.65 |
| Camarilla | 89.15 | 89.23 | 89.31 | 89.39 | 89.47 | 89.55 | 89.64 |
| Woodie | 88.06 | 88.38 | 88.95 | 89.27 | 89.84 | 90.16 | 90.73 |
| Fibonacci | 88.34 | 88.68 | 88.89 | 89.23 | 89.57 | 89.78 | 90.12 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 88.97 | 89.01 | 89.07 | 89.11 | 89.17 | 89.21 | 89.27 |
| Camarilla | 89.11 | 89.12 | 89.13 | 89.14 | 89.15 | 89.16 | 89.17 |
| Woodie | 88.99 | 89.02 | 89.09 | 89.12 | 89.19 | 89.22 | 89.29 |
| Fibonacci | 89.01 | 89.05 | 89.07 | 89.11 | 89.15 | 89.17 | 89.21 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 83.51 | 85.59 | 87.35 | 89.43 | 91.19 | 93.27 | 95.03 |
| Camarilla | 88.04 | 88.40 | 88.75 | 89.10 | 89.45 | 89.80 | 90.16 |
| Woodie | 83.34 | 85.51 | 87.18 | 89.35 | 91.02 | 93.19 | 94.86 |
| Fibonacci | 85.59 | 87.06 | 87.97 | 89.43 | 90.90 | 91.81 | 93.27 |
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): | 63.82 | |
| MACD (12,26,9): | 0.1500 | |
| Directional Movement: | 7.89 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 90.19 | |
| Parabolic SAR (0,02-0,02-0,2): | 90.24 | |
| Elder Ray (13): | 0.06 | |
| Super Trend (3,10): | 89.67 | |
| Zig ZAG (10): | 90.11 | |
| VORTEX (21): | 1.2500 | |
| Stochastique (14,3,5): | 52.25 | |
| TEMA (21): | 90.19 | |
| Williams %R (14): | -35.14 | |
| Chande Momentum Oscillator (20): | 0.04 | |
| Repulse (5,40,3): | 0.0900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 0.34 |
| MA7: | 89.33 | |
| MA20: | 89.26 | |
| MA50: | 89.50 | |
| MA100: | 88.59 | |
| MAexp7: | 90.08 | |
| MAexp20: | 89.97 | |
| MAexp50: | 89.69 | |
| MAexp100: | 89.56 | |
| Price / MA7: | +0.90% | |
| Price / MA20: | +0.97% | |
| Price / MA50: | +0.70% | |
| Price / MA100: | +1.74% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.18% | |
| Price / MAexp50: | +0.49% | |
| Price / MAexp100: | +0.64% |
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)
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Technica Focus: Big Confluence in NZD/JPY
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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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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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