USD/JPY - Daily - Technical analysis published on 09/15/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 106.23 JPY
My targets
104.72 JPY (-0.71)
103.11 JPY (-2.32)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on USD/JPY as long as the price remains well below 106.23 JPY. The next bearish objective for sellers is set at 104.72 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 103.11 JPY. If there is any crossing, the next objective would be the support located at 87.29 JPY. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.1
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This analysis was given by Jlozano2012. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/JPY rating is 105.43 JPY. On the day, this instrument lost -0.28% and was traded between 105.30 JPY and 105.82 JPY over the period. The price is currently at +0.12% from its lowest and -0.37% from its highest.105.30
105.82
105.43
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. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
Support of triangle is broken
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 | 87.29 | 103.11 | 104.72 | 105.43 | 106.23 | 108.19 | 109.56 |
| Change (%) | -17.21% | -2.20% | -0.67% | - | +0.76% | +2.62% | +3.92% |
| Change | -18.14 | -2.32 | -0.71 | - | +0.80 | +2.76 | +4.13 |
| Level | Minor | Major | Major | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 104.84 | 105.20 | 105.46 | 105.82 | 106.08 | 106.44 | 106.70 |
| Camarilla | 105.56 | 105.62 | 105.67 | 105.73 | 105.79 | 105.84 | 105.90 |
| Woodie | 104.80 | 105.18 | 105.42 | 105.80 | 106.04 | 106.42 | 106.66 |
| Fibonacci | 105.20 | 105.43 | 105.58 | 105.82 | 106.05 | 106.20 | 106.44 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 105.24 | 105.51 | 105.84 | 106.11 | 106.44 | 106.71 | 107.04 |
| Camarilla | 106.00 | 106.05 | 106.11 | 106.16 | 106.22 | 106.27 | 106.33 |
| Woodie | 105.26 | 105.53 | 105.86 | 106.13 | 106.46 | 106.73 | 107.06 |
| Fibonacci | 105.51 | 105.74 | 105.88 | 106.11 | 106.34 | 106.48 | 106.71 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 103.10 | 104.10 | 105.05 | 106.05 | 107.00 | 108.00 | 108.95 |
| Camarilla | 105.46 | 105.64 | 105.82 | 106.00 | 106.18 | 106.36 | 106.54 |
| Woodie | 103.08 | 104.09 | 105.03 | 106.04 | 106.98 | 107.99 | 108.93 |
| Fibonacci | 104.10 | 104.85 | 105.31 | 106.05 | 106.80 | 107.26 | 108.00 |
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): | 42.66 | |
| MACD (12,26,9): | -0.0900 | |
| Directional Movement: | -11.87 | |
| AROON (14): | 0 | |
| DEMA (21): | 105.89 | |
| Parabolic SAR (0,02-0,02-0,2): | 106.92 | |
| Elder Ray (13): | -0.41 | |
| Super Trend (3,10): | 104.85 | |
| Zig ZAG (10): | 105.43 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 32.57 | |
| TEMA (21): | 105.93 | |
| Williams %R (14): | -88.00 | |
| Chande Momentum Oscillator (20): | 0.05 | |
| Repulse (5,40,3): | -0.6500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.04 |
| MA7: | 105.99 | |
| MA20: | 106.01 | |
| MA50: | 106.21 | |
| MA100: | 106.81 | |
| MAexp7: | 105.88 | |
| MAexp20: | 106.01 | |
| MAexp50: | 106.28 | |
| MAexp100: | 106.75 | |
| Price / MA7: | -0.53% | |
| Price / MA20: | -0.55% | |
| Price / MA50: | -0.73% | |
| Price / MA100: | -1.29% | |
| Price / MAexp7: | -0.43% | |
| Price / MAexp20: | -0.55% | |
| Price / MAexp50: | -0.80% | |
| Price / MAexp100: | -1.24% |
Quotes :
2020-09-15 14:55:17
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Real time data
-
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 September 15, 2020 By FX Empire
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USD/JPY Technical Analysis for September 15, 2020 by FXEmpire
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USD/JPY Technical Analysis For September 14, 2020 By FX Empire
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USD/JPY Technical Analysis for the Week of September 14, 2020 by FXEmpire
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USD/JPY Technical Analysis for September 14, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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