NZD/JPY - 1H - Technical analysis published on 11/12/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bullish
Technical indicators
44%
6%
50%
My opinion
Bullish above 91.51 JPY
My targets
91.97 JPY (+0.33)
92.29 JPY (+0.65)
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 91.51 JPY, purchases could be favourable. The first bullish objective would be the resistance located at 91.97 JPY. Then the price could move towards 92.29 JPY. Then 92.47 JPY by extension. A return under the support to 91.51 JPY could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
2.5
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
NZD/JPY rating 91.64 JPY. The price is lower by -0.01% since the last closing and was traded between 91.35 JPY and 91.90 JPY over the period. The price is currently at +0.32% from its lowest and -0.28% from its highest.91.35
91.90
91.64
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NZD/JPY in 1H shows an overall slightly bullish trend. Only 50.00% 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 market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 90.78 | 91.22 | 91.51 | 91.64 | 91.97 | 92.29 | 92.47 |
| Change (%) | -0.94% | -0.46% | -0.14% | - | +0.36% | +0.71% | +0.91% |
| Change | -0.86 | -0.42 | -0.13 | - | +0.33 | +0.65 | +0.83 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 90.08 | 90.47 | 91.06 | 91.45 | 92.04 | 92.43 | 93.02 |
| Camarilla | 91.38 | 91.47 | 91.56 | 91.65 | 91.74 | 91.83 | 91.92 |
| Woodie | 90.18 | 90.52 | 91.16 | 91.50 | 92.14 | 92.48 | 93.12 |
| Fibonacci | 90.47 | 90.84 | 91.08 | 91.45 | 91.82 | 92.06 | 92.43 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 88.66 | 89.70 | 90.39 | 91.43 | 92.12 | 93.16 | 93.85 |
| Camarilla | 90.60 | 90.76 | 90.92 | 91.08 | 91.24 | 91.40 | 91.56 |
| Woodie | 88.49 | 89.61 | 90.22 | 91.34 | 91.95 | 93.07 | 93.68 |
| Fibonacci | 89.70 | 90.36 | 90.77 | 91.43 | 92.09 | 92.50 | 93.16 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 87.53 | 88.70 | 89.72 | 90.89 | 91.91 | 93.08 | 94.10 |
| Camarilla | 90.15 | 90.35 | 90.55 | 90.75 | 90.95 | 91.15 | 91.35 |
| Woodie | 87.47 | 88.66 | 89.66 | 90.85 | 91.85 | 93.04 | 94.04 |
| Fibonacci | 88.70 | 89.53 | 90.05 | 90.89 | 91.72 | 92.24 | 93.08 |
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): | 49.97 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -0.33 | |
| AROON (14): | 35.72 | |
| DEMA (21): | 91.63 | |
| Parabolic SAR (0,02-0,02-0,2): | 91.49 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 91.40 | |
| Zig ZAG (10): | 91.66 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 47.76 | |
| TEMA (21): | 91.63 | |
| Williams %R (14): | -47.37 | |
| Chande Momentum Oscillator (20): | 0.02 | |
| Repulse (5,40,3): | 0.0500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.11 |
| MA7: | 91.47 | |
| MA20: | 91.26 | |
| MA50: | 90.31 | |
| MA100: | 91.35 | |
| MAexp7: | 91.62 | |
| MAexp20: | 91.62 | |
| MAexp50: | 91.62 | |
| MAexp100: | 91.60 | |
| Price / MA7: | +0.19% | |
| Price / MA20: | +0.42% | |
| Price / MA50: | +1.47% | |
| Price / MA100: | +0.32% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.02% | |
| Price / MAexp100: | +0.04% |
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 Forecast November 12, 2024
-
NZD/JPY Can Take Advantage of, But Not Dependent on Risk Appetite (Quick Takes Video)
-
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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