NZD/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	NZDJPY
ISIN:

NZD/JPY - Daily - Technical analysis published on 02/27/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 91.20 JPY

My targets

93.84 JPY (+1.21)

My analysis

NZD/JPY is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 91.20 JPY. The next resistance located at 93.84 JPY is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

8.2

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

Additional analysis

Quotes

The NZD/JPY rating is 92.63 JPY. The price registered a decrease of -0.24% on the session with the lowest point at 92.58 JPY and the highest point at 92.85 JPY. The deviation from the price is +0.05% for the low point and -0.24% for the high point.

92.58

92.85

92.63

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of NZD/JPY in Daily shows a strongly overall 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, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	87.76	89.83	91.20	92.63	93.84
Change (%)	-5.26%	-3.02%	-1.54%	-	+1.31%
Change	-4.87	-2.80	-1.43	-	+1.21
Level	Major	Intermediate	Intermediate	-	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	91.89	92.28	92.56	92.95	93.23	93.62	93.90
Camarilla	92.67	92.73	92.79	92.85	92.91	92.97	93.03
Woodie	91.85	92.25	92.52	92.92	93.19	93.59	93.86
Fibonacci	92.28	92.53	92.69	92.95	93.20	93.36	93.62

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	90.73	91.31	92.29	92.87	93.85	94.43	95.41
Camarilla	92.84	92.98	93.13	93.27	93.41	93.56	93.70
Woodie	90.93	91.41	92.49	92.97	94.05	94.53	95.61
Fibonacci	91.31	91.91	92.27	92.87	93.47	93.83	94.43

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

Technical indicators

Moving averages

RSI (14):	63.83
MACD (12,26,9):	0.7200
Directional Movement:	14.85
AROON (14):	85.71
DEMA (21):	92.76
Parabolic SAR (0,02-0,02-0,2):	92.07
Elder Ray (13):	0.45
Super Trend (3,10):	91.54
Zig ZAG (10):	92.62
VORTEX (21):	1.2100
Stochastique (14,3,5):	83.07
TEMA (21):	93.12
Williams %R (14):	-27.67
Chande Momentum Oscillator (20):	0.78
Repulse (5,40,3):	-0.2200
ROCnROLL:	1
TRIX (15,9):	0.1000
Courbe Coppock:	4.97

MA7:	92.81
MA20:	91.57
MA50:	90.65
MA100:	89.89
MAexp7:	92.67
MAexp20:	91.87
MAexp50:	90.93
MAexp100:	89.97
Price / MA7:	-0.19%
Price / MA20:	+1.16%
Price / MA50:	+2.18%
Price / MA100:	+3.05%
Price / MAexp7:	-0.04%
Price / MAexp20:	+0.83%
Price / MAexp50:	+1.87%
Price / MAexp100:	+2.96%

Quotes : - Real time data - Forex

News

The latest news and videos published on NZD/JPY at the time of the analysis were as follows:

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

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