USD/JPY
USD JPY
- JPY (-)
- Real time data - Forex
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Type: Forex
Ticker: USDJPY
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USD/JPY - 1H - Technical analysis published on 08/07/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Neutral
De fond: Bearish
Technical indicators
39%
11%
50%
My opinion
Bearish under 105.70 JPY
My targets
105.30 JPY (-0.28)
104.69 JPY (-0.89)
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 USD/JPY. As long as you are under the resistance located at 105.70 JPY, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 105.30 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 104.69 JPY as an objective. Crossing it would then enable sellers to target 104.19 JPY. If the resistance 105.70 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, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
2.3

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. Daily Weekly

Additional analysis

Quotes

USD/JPY rating 105.58 JPY. On the day, this instrument gained +0.00% and was between 105.52 JPY and 105.65 JPY. This implies that the price is at +0.06% from its lowest and at -0.07% from its highest.

105.52
105.65
105.58

A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this USD/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 scanner detects a bearish signal on moving averages that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour



The probability of a further increase is slight given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 104.19 104.69 105.30 105.58 105.70 105.91 106.20
Change (%) -1.32% -0.84% -0.27% - +0.11% +0.31% +0.59%
Change -1.39 -0.89 -0.28 - +0.12 +0.33 +0.62
Level Minor Intermediate Major - Major Minor Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard104.95105.13105.35105.53105.75105.93106.15
Camarilla105.47105.51105.54105.58105.62105.65105.69
Woodie104.98105.14105.38105.54105.78105.94106.18
Fibonacci105.13105.28105.37105.53105.68105.77105.93


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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 51.01
MACD (12,26,9): 0.0000
Directional Movement: 2.56
AROON (14): 78.57
DEMA (21): 105.54
Parabolic SAR (0,02-0,02-0,2): 105.34
Elder Ray (13): 0.01
Super Trend (3,10): 105.85
Zig ZAG (10): 105.56
VORTEX (21): 1.0000
Stochastique (14,3,5): 69.89
TEMA (21): 105.57
Williams %R (14): -34.62
Chande Momentum Oscillator (20): 0.10
Repulse (5,40,3): -0.0400
ROCnROLL: -1
TRIX (15,9): 0.0000
Courbe Coppock: 0.11
MA7: 105.56
MA20: 106.21
MA50: 107.01
MA100: 107.40
MAexp7: 105.57
MAexp20: 105.55
MAexp50: 105.59
MAexp100: 105.61
Price / MA7: +0.02%
Price / MA20: -0.59%
Price / MA50: -1.34%
Price / MA100: -1.69%
Price / MAexp7: +0.01%
Price / MAexp20: +0.03%
Price / MAexp50: -0.01%
Price / MAexp100: -0.03%

Quotes : 2020-08-07 05:14:30 - Real time data - Forex

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

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