USD/JPY - Daily - Technical analysis published on 08/04/2020 (GMT)
- Who voted?
- 159
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 106.42 JPY
My targets
103.11 JPY (-2.63)
100.00 JPY (-5.74)
My analysis
USD/JPY is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 106.42 JPY. The next support located at 103.11 JPY is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 100.00 JPY. Below this support, sellers could then target 87.29 JPY. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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 Edd8011. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/JPY rating is 105.74 JPY. On the day, this instrument lost -0.27% with the lowest point at 105.63 JPY and the highest point at 106.20 JPY. The deviation from the price is +0.10% for the low point and -0.43% for the high point.105.63
106.20
105.74
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of USD/JPY indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
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 this signal:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 75.86 | 87.29 | 103.11 | 105.74 | 106.42 | 108.19 | 109.56 |
Change (%) | -28.26% | -17.45% | -2.49% | - | +0.64% | +2.32% | +3.61% |
Change | -29.88 | -18.45 | -2.63 | - | +0.68 | +2.45 | +3.82 |
Level | Minor | Minor | Major | - | Major | Intermediate | Major |
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 | 104.68 | 105.13 | 105.58 | 106.03 | 106.48 | 106.93 | 107.38 |
Camarilla | 105.78 | 105.87 | 105.95 | 106.03 | 106.11 | 106.20 | 106.28 |
Woodie | 104.68 | 105.13 | 105.58 | 106.03 | 106.48 | 106.93 | 107.38 |
Fibonacci | 105.13 | 105.47 | 105.69 | 106.03 | 106.37 | 106.59 | 106.93 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 102.75 | 103.47 | 104.67 | 105.39 | 106.59 | 107.31 | 108.51 |
Camarilla | 105.34 | 105.52 | 105.69 | 105.87 | 106.05 | 106.22 | 106.40 |
Woodie | 102.99 | 103.59 | 104.91 | 105.51 | 106.83 | 107.43 | 108.75 |
Fibonacci | 103.47 | 104.20 | 104.66 | 105.39 | 106.12 | 106.58 | 107.31 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 100.00 | 102.10 | 103.98 | 106.08 | 107.96 | 110.06 | 111.94 |
Camarilla | 104.78 | 105.14 | 105.51 | 105.87 | 106.24 | 106.60 | 106.97 |
Woodie | 99.90 | 102.05 | 103.88 | 106.03 | 107.86 | 110.01 | 111.84 |
Fibonacci | 102.10 | 103.62 | 104.56 | 106.08 | 107.60 | 108.54 | 110.06 |
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): | 41.82 | |
MACD (12,26,9): | -0.4900 | |
Directional Movement: | -6.19 | |
AROON (14): | -64.28 | |
DEMA (21): | 105.66 | |
Parabolic SAR (0,02-0,02-0,2): | 106.48 | |
Elder Ray (13): | -0.07 | |
Super Trend (3,10): | 106.91 | |
Zig ZAG (10): | 105.69 | |
VORTEX (21): | 0.8800 | |
Stochastique (14,3,5): | 50.05 | |
TEMA (21): | 105.38 | |
Williams %R (14): | -54.63 | |
Chande Momentum Oscillator (20): | -1.32 | |
Repulse (5,40,3): | 0.0400 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0500 | |
Courbe Coppock: | 2.95 |
MA7: | 105.39 | |
MA20: | 106.46 | |
MA50: | 107.14 | |
MA100: | 107.54 | |
MAexp7: | 105.73 | |
MAexp20: | 106.26 | |
MAexp50: | 106.86 | |
MAexp100: | 107.32 | |
Price / MA7: | +0.33% | |
Price / MA20: | -0.68% | |
Price / MA50: | -1.31% | |
Price / MA100: | -1.67% | |
Price / MAexp7: | -0% | |
Price / MAexp20: | -0.50% | |
Price / MAexp50: | -1.06% | |
Price / MAexp100: | -1.48% |
Quotes :
2020-08-04 20:21:27
-
Real time data
-
Forex
News
Don"t forget to follow the news on USD/JPY. At the time of publication of this analysis, the latest news was as follows:
- USD/JPY Technical Analysis for August 5, 2020 by FXEmpire
- USD/JPY Technical Analysis for the Week of August 3, 2020 by FXEmpire
- USD/JPY Technical Analysis for August 3, 2020 by FXEmpire
- USD/JPY Technical Analysis for July 31, 2020 by FXEmpire
- USD/JPY Technical Analysis for July 30, 2020 by FXEmpire
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…
Add a comment
Comments
0 comments on the analysis USD/JPY - Daily