NZD/JPY

- JPY (-)

- Real time data - Forex

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Change:	-
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Type:	Forex
Ticker:	NZDJPY
ISIN:

NZD/JPY - 1H - Technical analysis published on 12/02/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

50%

11%

39%

My opinion

Bearish under 89.23 JPY

My targets

88.55 JPY (-0.22)

87.76 JPY (-1.01)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on NZD/JPY. As long as you are under the resistance located at 89.23 JPY, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 88.55 JPY would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 87.76 JPY as an objective. Crossing it would then enable sellers to target 86.71 JPY. If the resistance 89.23 JPY were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

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

Additional analysis

Quotes

The NZD/JPY price is 88.77 JPY. On the day, this instrument gained +0.10% with the lowest point at 88.38 JPY and the highest point at 88.88 JPY. The deviation from the price is +0.44% for the low point and -0.12% for the high point.

88.38

88.88

88.77

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by NZD/JPY:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this NZD/JPY chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

Near support of triangle

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	86.71	87.76	88.55	88.77	89.50	89.99	90.54
Change (%)	-2.32%	-1.14%	-0.25%	-	+0.82%	+1.37%	+1.99%
Change	-2.06	-1.01	-0.22	-	+0.73	+1.22	+1.77
Level	Intermediate	Intermediate	Intermediate	-	Intermediate	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	87.69	88.07	88.38	88.76	89.07	89.45	89.76
Camarilla	88.49	88.55	88.62	88.68	88.74	88.81	88.87
Woodie	87.65	88.05	88.34	88.74	89.03	89.43	89.72
Fibonacci	88.07	88.34	88.50	88.76	89.03	89.19	89.45

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	85.82	87.14	87.91	89.23	90.00	91.32	92.09
Camarilla	88.11	88.30	88.49	88.68	88.87	89.06	89.26
Woodie	85.55	87.00	87.64	89.09	89.73	91.18	91.82
Fibonacci	87.14	87.94	88.43	89.23	90.03	90.52	91.32

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	83.26	85.86	87.27	89.87	91.28	93.88	95.29
Camarilla	87.58	87.95	88.31	88.68	89.05	89.42	89.78
Woodie	82.67	85.56	86.68	89.57	90.69	93.58	94.70
Fibonacci	85.86	87.39	88.34	89.87	91.40	92.35	93.88

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	50.20
MACD (12,26,9):	-0.0600
Directional Movement:	-0.46
AROON (14):	-50.00
DEMA (21):	88.62
Parabolic SAR (0,02-0,02-0,2):	88.95
Elder Ray (13):	0.08
Super Trend (3,10):	89.05
Zig ZAG (10):	88.80
VORTEX (21):	1.0200
Stochastique (14,3,5):	65.62
TEMA (21):	88.67
Williams %R (14):	-32.81
Chande Momentum Oscillator (20):	-0.10
Repulse (5,40,3):	0.1300
ROCnROLL:	-1
TRIX (15,9):	-0.0200
Courbe Coppock:	0.19

MA7:	89.28
MA20:	90.60
MA50:	90.85
MA100:	90.27
MAexp7:	88.70
MAexp20:	88.72
MAexp50:	88.90
MAexp100:	89.20
Price / MA7:	-0.57%
Price / MA20:	-2.02%
Price / MA50:	-2.29%
Price / MA100:	-1.66%
Price / MAexp7:	+0.08%
Price / MAexp20:	+0.06%
Price / MAexp50:	-0.15%
Price / MAexp100:	-0.48%

Quotes : - Real time data - 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:

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

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