USD/JPY
USD JPY
- JPY (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: USDJPY
ISIN:

USD/JPY - Daily - Technical analysis published on 08/04/2020 (GMT)

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  • Timeframe : Daily
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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:
15 min. 1H Weekly

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.

Central Gaps

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

Central Records

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard104.68105.13105.58106.03106.48106.93107.38
Camarilla105.78105.87105.95106.03106.11106.20106.28
Woodie104.68105.13105.58106.03106.48106.93107.38
Fibonacci105.13105.47105.69106.03106.37106.59106.93


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard102.75103.47104.67105.39106.59107.31108.51
Camarilla105.34105.52105.69105.87106.05106.22106.40
Woodie102.99103.59104.91105.51106.83107.43108.75
Fibonacci103.47104.20104.66105.39106.12106.58107.31


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard100.00102.10103.98106.08107.96110.06111.94
Camarilla104.78105.14105.51105.87106.24106.60106.97
Woodie99.90102.05103.88106.03107.86110.01111.84
Fibonacci102.10103.62104.56106.08107.60108.54110.06

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

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

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