NZD/JPY - 1H - Technical analysis published on 02/06/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 89.76 JPY
My targets
90.59 JPY (+0.47)
90.72 JPY (+0.60)
My analysis
The basic trend is currently slightly bullish on NZD/JPY and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 89.76 JPY, purchases could be favourable. The first bullish objective would be the resistance located at 90.59 JPY. Then the price could move towards 90.72 JPY. Then 91.22 JPY by extension. A return under the support to 89.76 JPY could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.
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
0
10
5.5
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This analysis was given by shadybhai. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NZD/JPY rating is 90.12 JPY. The price has increased by +0.16% since the last closing with the lowest point at 89.91 JPY and the highest point at 90.15 JPY. The deviation from the price is +0.23% for the low point and -0.03% for the high point.89.91
90.15
90.12
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
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NZD/JPY indicates that the overall trend is slightly bullish. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend is not supported by the 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, 14 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 1 hour
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 | 89.53 | 89.76 | 90.05 | 90.12 | 90.20 | 90.59 | 90.72 |
| Change (%) | -0.65% | -0.40% | -0.08% | - | +0.09% | +0.52% | +0.67% |
| Change | -0.59 | -0.36 | -0.07 | - | +0.08 | +0.47 | +0.60 |
| Level | Major | Major | Intermediate | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 89.21 | 89.49 | 89.73 | 90.01 | 90.25 | 90.53 | 90.77 |
| Camarilla | 89.84 | 89.89 | 89.93 | 89.98 | 90.03 | 90.08 | 90.12 |
| Woodie | 89.20 | 89.48 | 89.72 | 90.00 | 90.24 | 90.52 | 90.76 |
| Fibonacci | 89.49 | 89.69 | 89.81 | 90.01 | 90.21 | 90.33 | 90.53 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 87.78 | 88.51 | 89.25 | 89.98 | 90.72 | 91.45 | 92.19 |
| Camarilla | 89.58 | 89.71 | 89.85 | 89.98 | 90.12 | 90.25 | 90.38 |
| Woodie | 87.78 | 88.51 | 89.25 | 89.98 | 90.72 | 91.45 | 92.19 |
| Fibonacci | 88.51 | 89.08 | 89.42 | 89.98 | 90.55 | 90.89 | 91.45 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 86.30 | 87.47 | 88.66 | 89.83 | 91.02 | 92.19 | 93.38 |
| Camarilla | 89.21 | 89.43 | 89.64 | 89.86 | 90.08 | 90.29 | 90.51 |
| Woodie | 86.32 | 87.48 | 88.68 | 89.84 | 91.04 | 92.20 | 93.40 |
| Fibonacci | 87.47 | 88.37 | 88.93 | 89.83 | 90.73 | 91.29 | 92.19 |
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): | 59.63 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 7.20 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 90.02 | |
| Parabolic SAR (0,02-0,02-0,2): | 89.79 | |
| Elder Ray (13): | 0.09 | |
| Super Trend (3,10): | 90.26 | |
| Zig ZAG (10): | 90.11 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 85.34 | |
| TEMA (21): | 90.02 | |
| Williams %R (14): | -7.69 | |
| Chande Momentum Oscillator (20): | 0.24 | |
| Repulse (5,40,3): | 0.1700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.05 |
| MA7: | 90.10 | |
| MA20: | 90.29 | |
| MA50: | 89.95 | |
| MA100: | 89.35 | |
| MAexp7: | 90.04 | |
| MAexp20: | 90.01 | |
| MAexp50: | 90.01 | |
| MAexp100: | 90.04 | |
| Price / MA7: | +0.02% | |
| Price / MA20: | -0.19% | |
| Price / MA50: | +0.19% | |
| Price / MA100: | +0.86% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +0.12% | |
| Price / MAexp100: | +0.09% |
Quotes :
-
Real time data
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Forex
News
The last news published on NZD/JPY at the time of the generation of this analysis was 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.
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