USD/JPY - 1H - Technical analysis published on 08/07/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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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
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This analysis was given by Edd8011. Take part yourself by sharing additional analysis on another time unit:
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:
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:
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:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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:
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 104.95 | 105.13 | 105.35 | 105.53 | 105.75 | 105.93 | 106.15 |
Camarilla | 105.47 | 105.51 | 105.54 | 105.58 | 105.62 | 105.65 | 105.69 |
Woodie | 104.98 | 105.14 | 105.38 | 105.54 | 105.78 | 105.94 | 106.18 |
Fibonacci | 105.13 | 105.28 | 105.37 | 105.53 | 105.68 | 105.77 | 105.93 |
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 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
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Real time data
-
Forex
News
The last news published on USD/JPY at the time of the generation of this analysis was as follows:
- USD/JPY Technical Analysis for August 6, 2020 by FXEmpire
- 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
This member declared not having a position on this financial instrument or a related financial instrument.
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