USD/JPY - 1H - Technical analysis published on 04/17/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
28%
17%
56%
My opinion
Bullish above 154.45 JPY
My targets
155.71 JPY (+1.07)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on USD/JPY as long as the price remains well above 154.45 JPY. The buyers' bullish objective is set at 155.71 JPY. A bullish break in this resistance would boost the bullish momentum. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5.4
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This analysis was given by imraanaly. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/JPY price is 154.64 JPY. The price registered a decrease of -0.04% on the session with the lowest point at 154.60 JPY and the highest point at 154.74 JPY. The deviation from the price is +0.03% for the low point and -0.06% for the high point.154.60
154.74
154.64
Here is a more detailed summary of the historical variations registered by USD/JPY:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of USD/JPY in 1H shows a strongly overall bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
S3 | S2 | S1 | Price | R1 | |
---|---|---|---|---|---|
ProTrendLines | 152.59 | 153.31 | 154.45 | 154.64 | 154.78 |
Change (%) | -1.33% | -0.86% | -0.12% | - | +0.09% |
Change | -2.05 | -1.33 | -0.19 | - | +0.14 |
Level | Minor | Minor | Minor | - | Intermediate |
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 | 153.26 | 153.59 | 154.14 | 154.47 | 155.02 | 155.35 | 155.90 |
Camarilla | 154.46 | 154.54 | 154.62 | 154.70 | 154.78 | 154.86 | 154.94 |
Woodie | 153.38 | 153.65 | 154.26 | 154.53 | 155.14 | 155.41 | 156.02 |
Fibonacci | 153.59 | 153.92 | 154.13 | 154.47 | 154.80 | 155.01 | 155.35 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 150.19 | 150.87 | 152.03 | 152.71 | 153.87 | 154.55 | 155.71 |
Camarilla | 152.68 | 152.85 | 153.02 | 153.19 | 153.36 | 153.53 | 153.70 |
Woodie | 150.43 | 150.99 | 152.27 | 152.83 | 154.11 | 154.67 | 155.95 |
Fibonacci | 150.87 | 151.57 | 152.01 | 152.71 | 153.41 | 153.85 | 154.55 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 142.37 | 144.43 | 147.86 | 149.92 | 153.35 | 155.41 | 158.84 |
Camarilla | 149.79 | 150.29 | 150.80 | 151.30 | 151.80 | 152.31 | 152.81 |
Woodie | 143.07 | 144.77 | 148.56 | 150.26 | 154.05 | 155.75 | 159.54 |
Fibonacci | 144.43 | 146.52 | 147.82 | 149.92 | 152.01 | 153.31 | 155.41 |
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): | 60.65 | |
MACD (12,26,9): | 0.0900 | |
Directional Movement: | -2.96 | |
AROON (14): | 14.29 | |
DEMA (21): | 154.75 | |
Parabolic SAR (0,02-0,02-0,2): | 154.10 | |
Elder Ray (13): | 0 | |
Super Trend (3,10): | 154.28 | |
Zig ZAG (10): | 154.67 | |
VORTEX (21): | 1.0700 | |
Stochastique (14,3,5): | 55.63 | |
TEMA (21): | 154.69 | |
Williams %R (14): | -50.00 | |
Chande Momentum Oscillator (20): | -0.04 | |
Repulse (5,40,3): | 0.0100 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0100 | |
Courbe Coppock: | 0.09 |
MA7: | 153.53 | |
MA20: | 152.21 | |
MA50: | 150.64 | |
MA100: | 148.09 | |
MAexp7: | 154.66 | |
MAexp20: | 154.61 | |
MAexp50: | 154.32 | |
MAexp100: | 153.83 | |
Price / MA7: | +0.72% | |
Price / MA20: | +1.60% | |
Price / MA50: | +2.66% | |
Price / MA100: | +4.42% | |
Price / MAexp7: | -0.01% | |
Price / MAexp20: | +0.02% | |
Price / MAexp50: | +0.21% | |
Price / MAexp100: | +0.53% |
Quotes :
-
Real time data
-
Forex
News
The latest news and videos published on USD/JPY at the time of the analysis were as follows:
- USD/JPY Forecast and Technical Analysis, April 16, 2024, by Chris Lewis #fxempire #trading #USDJPY
- USD/JPY Daily Forecast and Technical Analysis for April 16, 2024, by Chris Lewis for FX Empire
- USD/JPY Daily Forecast and Technical Analysis for April 15, 2024, by Chris Lewis for FX Empire
- USD/JPY Forecast April 15, 2024
- USD/JPY Long Term Forecast and Technical Analysis for April 12, 2024, by Chris Lewis for FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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