USD/JPY
USD JPY
- JPY (-)
- Real time data - Forex
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Type: Forex
Ticker: USDJPY
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USD/JPY - 15 min. - Technical analysis published on 09/15/2020 (GMT)

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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Court terme: Neutral
De fond: Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 105.82 JPY
My targets
105.20 JPY (-0.29)
104.84 JPY (-0.65)
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 105.82 JPY, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 105.20 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 104.84 JPY as an objective. Crossing it would then enable sellers to target 104.72 JPY. If the resistance 105.82 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
1.3

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This analysis was given by RaviM. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

USD/JPY rating 105.49 JPY. On the day, this instrument lost -0.23% with the lowest point at 105.30 JPY and the highest point at 105.82 JPY. The deviation from the price is +0.18% for the low point and -0.31% for the high point.

105.30
105.82
105.49

A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of USD/JPY in 15 min. shows an overall bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 11 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly


Aroon indicator bullish trend

Type : Bullish

Timeframe : 15 minutes



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : 15 minutes


Support of triangle is broken

Type : Bearish

Timeframe : 15 minutes



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 87.29 103.11 104.72 105.49 105.55 105.79 106.00
Change (%) -17.25% -2.26% -0.73% - +0.06% +0.28% +0.48%
Change -18.20 -2.38 -0.77 - +0.06 +0.30 +0.51
Level Minor Major Major - Intermediate Minor Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard104.84105.20105.46105.82106.08106.44106.70
Camarilla105.56105.62105.67105.73105.79105.84105.90
Woodie104.80105.18105.42105.80106.04106.42106.66
Fibonacci105.20105.43105.58105.82106.05106.20106.44


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard105.24105.51105.84106.11106.44106.71107.04
Camarilla106.00106.05106.11106.16106.22106.27106.33
Woodie105.26105.53105.86106.13106.46106.73107.06
Fibonacci105.51105.74105.88106.11106.34106.48106.71


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard103.10104.10105.05106.05107.00108.00108.95
Camarilla105.46105.64105.82106.00106.18106.36106.54
Woodie103.08104.09105.03106.04106.98107.99108.93
Fibonacci104.10104.85105.31106.05106.80107.26108.00

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): 48.63
MACD (12,26,9): -0.0300
Directional Movement: 0.56
AROON (14): 42.85
DEMA (21): 105.42
Parabolic SAR (0,02-0,02-0,2): 105.35
Elder Ray (13): 0.03
Super Trend (3,10): 105.52
Zig ZAG (10): 105.49
VORTEX (21): 0.8900
Stochastique (14,3,5): 92.56
TEMA (21): 105.44
Williams %R (14): -4.55
Chande Momentum Oscillator (20): 0.14
Repulse (5,40,3): 0.0600
ROCnROLL: -1
TRIX (15,9): -0.0100
Courbe Coppock: 0.04
MA7: 106.01
MA20: 106.02
MA50: 106.21
MA100: 106.81
MAexp7: 105.48
MAexp20: 105.48
MAexp50: 105.55
MAexp100: 105.65
Price / MA7: -0.49%
Price / MA20: -0.50%
Price / MA50: -0.68%
Price / MA100: -1.24%
Price / MAexp7: +0.01%
Price / MAexp20: +0.01%
Price / MAexp50: -0.06%
Price / MAexp100: -0.15%

Quotes : 2020-09-15 16:19:32 - Real time data - Forex

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

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