USD/JPY - 1H - Technical analysis published on 08/12/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 106.69 JPY
My targets
107.69 JPY (+0.82)
108.19 JPY (+1.32)
My analysis
USD/JPY is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 106.69 JPY. The next resistance located at 107.69 JPY is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 108.19 JPY. After this resistance, buyers could then target 109.56 JPY. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.1
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Additional analysis
Quotes
The USD/JPY price is 106.87 JPY. On the day, this instrument gained +0.35% and was between 106.45 JPY and 107.02 JPY. This implies that the price is at +0.39% from its lowest and at -0.14% from its highest.106.45
107.02
106.87
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by USD/JPY:
Technical
Technical analysis of this 1H chart of USD/JPY indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 106.20 | 106.42 | 106.69 | 106.87 | 108.19 | 109.56 | 111.97 |
| Change (%) | -0.63% | -0.42% | -0.17% | - | +1.24% | +2.52% | +4.77% |
| Change | -0.67 | -0.45 | -0.18 | - | +1.32 | +2.69 | +5.10 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 105.30 | 105.61 | 106.06 | 106.37 | 106.82 | 107.13 | 107.58 |
| Camarilla | 106.29 | 106.36 | 106.43 | 106.50 | 106.57 | 106.64 | 106.71 |
| Woodie | 105.36 | 105.65 | 106.12 | 106.41 | 106.88 | 107.17 | 107.64 |
| Fibonacci | 105.61 | 105.90 | 106.08 | 106.37 | 106.66 | 106.84 | 107.13 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 104.15 | 104.72 | 105.33 | 105.90 | 106.51 | 107.08 | 107.69 |
| Camarilla | 105.61 | 105.71 | 105.82 | 105.93 | 106.04 | 106.15 | 106.26 |
| Woodie | 104.16 | 104.73 | 105.34 | 105.91 | 106.52 | 107.09 | 107.70 |
| Fibonacci | 104.72 | 105.17 | 105.45 | 105.90 | 106.35 | 106.63 | 107.08 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 62.54 | |
| MACD (12,26,9): | 0.1100 | |
| Directional Movement: | 10.88 | |
| AROON (14): | -7.14 | |
| DEMA (21): | 106.93 | |
| Parabolic SAR (0,02-0,02-0,2): | 106.95 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 106.57 | |
| Zig ZAG (10): | 106.87 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 55.47 | |
| TEMA (21): | 106.91 | |
| Williams %R (14): | -54.55 | |
| Chande Momentum Oscillator (20): | 0.03 | |
| Repulse (5,40,3): | -0.0200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.21 |
| MA7: | 106.00 | |
| MA20: | 106.13 | |
| MA50: | 106.90 | |
| MA100: | 107.27 | |
| MAexp7: | 106.84 | |
| MAexp20: | 106.77 | |
| MAexp50: | 106.52 | |
| MAexp100: | 106.25 | |
| Price / MA7: | +0.82% | |
| Price / MA20: | +0.70% | |
| Price / MA50: | -0.03% | |
| Price / MA100: | -0.37% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | +0.33% | |
| Price / MAexp100: | +0.58% |
Quotes :
2020-08-12 20:41:59
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Real time data
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Forex
News
The latest news and videos published on USD/JPY at the time of the analysis were as follows:
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USD/JPY Technical Analysis for August 12, 2020 by FXEmpire
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USD/JPY Technical Analysis for August 12, 2020 by FXEmpire
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USD/JPY Technical Analysis for August 11, 2020 by FXEmpire
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USD/JPY Technical Analysis for the Week of August 10, 2020 by FXEmpire
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USD/JPY Technical Analysis for August 10, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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