NZD/JPY - 1H - Technical analysis published on 02/07/2024 (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:
Bullish
Underlying:
Bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 89.76 JPY
My targets
90.59 JPY (+0.45)
90.72 JPY (+0.58)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on NZD/JPY as long as the price remains well above 89.76 JPY. The buyers' bullish objective is set at 90.59 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 90.72 JPY. If there is any crossing, the next objective would be the resistance located at 91.22 JPY. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
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
6.8
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Additional analysis
Quotes
The NZD/JPY price is 90.14 JPY. The price registered a decrease of -0.01% on the session with the lowest point at 90.09 JPY and the highest point at 90.20 JPY. The deviation from the price is +0.06% for the low point and -0.07% for the high point.90.09
90.20
90.14
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 NZD/JPY in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found no further results concerning independent technical indicators.
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 89.53 | 89.76 | 90.05 | 90.14 | 90.20 | 90.59 | 90.72 |
| Change (%) | -0.68% | -0.42% | -0.10% | - | +0.07% | +0.50% | +0.64% |
| Change | -0.61 | -0.38 | -0.09 | - | +0.06 | +0.45 | +0.58 |
| Level | Major | Major | Intermediate | - | Intermediate | Minor | 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 | 89.45 | 89.62 | 89.89 | 90.06 | 90.33 | 90.50 | 90.77 |
| Camarilla | 90.03 | 90.07 | 90.11 | 90.15 | 90.19 | 90.23 | 90.27 |
| Woodie | 89.49 | 89.65 | 89.93 | 90.09 | 90.37 | 90.53 | 90.81 |
| Fibonacci | 89.62 | 89.79 | 89.90 | 90.06 | 90.23 | 90.34 | 90.50 |
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): | 58.80 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 10.27 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 90.05 | |
| Parabolic SAR (0,02-0,02-0,2): | 89.83 | |
| Elder Ray (13): | 0.11 | |
| Super Trend (3,10): | 90.21 | |
| Zig ZAG (10): | 90.14 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 82.51 | |
| TEMA (21): | 90.07 | |
| Williams %R (14): | -22.73 | |
| Chande Momentum Oscillator (20): | 0.11 | |
| Repulse (5,40,3): | 0.0500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.05 |
| MA7: | 90.06 | |
| MA20: | 90.26 | |
| MA50: | 89.94 | |
| MA100: | 89.38 | |
| MAexp7: | 90.09 | |
| MAexp20: | 90.03 | |
| MAexp50: | 90.02 | |
| MAexp100: | 90.03 | |
| Price / MA7: | +0.09% | |
| Price / MA20: | -0.13% | |
| Price / MA50: | +0.22% | |
| Price / MA100: | +0.85% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +0.13% | |
| Price / MAexp100: | +0.12% |
Quotes :
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Real time data
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Forex
News
Don't forget to follow the news on NZD/JPY. At the time of publication of this analysis, the latest news 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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