USD/JPY
USD JPY
- JPY (-)
- Real time data - Forex
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Type: Forex
Ticker: USDJPY
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USD/JPY - Daily - Technical analysis published on 09/16/2020 (GMT)

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  • Timeframe : Daily
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  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
22%
67%
11%
My opinion
Bearish under 106.23 JPY
My targets
103.11 JPY (-1.73)
103.10 JPY (-1.74)
My analysis
The bearish trend is currently very strong for USD/JPY. As long as the price remains below the resistance at 106.23 JPY, you could try to take advantage of the bearish rally. The first bearish objective is located at 103.11 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 103.10 JPY as an objective. Crossing it would then enable sellers to target 87.29 JPY. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
7.5

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 Jlozano2012. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

USD/JPY rating 104.84 JPY. The price registered a decrease of -0.53% on the session and was between 104.83 JPY and 105.41 JPY. This implies that the price is at +0.01% from its lowest and at -0.54% from its highest.

104.83
105.41
104.84

Here is a more detailed summary of the historical variations registered by USD/JPY:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of USD/JPY indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals 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, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 2 are neutral and 12 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

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

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily


Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly


MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily


Ichimoku : price is under the cloud

Type : Bearish

Timeframe : Daily


Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily



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

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, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 87.29 103.11 104.72 104.84 106.23 108.19 109.56
Change (%) -16.74% -1.65% -0.11% - +1.33% +3.20% +4.50%
Change -17.55 -1.73 -0.12 - +1.39 +3.35 +4.72
Level Minor Major Major - Intermediate Intermediate Intermediate



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard104.67104.99105.19105.51105.71106.03106.23
Camarilla105.26105.31105.35105.40105.45105.50105.54
Woodie104.62104.96105.14105.48105.66106.00106.18
Fibonacci104.99105.19105.31105.51105.71105.83106.03


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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 37.42
MACD (12,26,9): -0.1800
Directional Movement: -16.51
AROON (14): -92.86
DEMA (21): 105.70
Parabolic SAR (0,02-0,02-0,2): 106.86
Elder Ray (13): -0.69
Super Trend (3,10): 104.85
Zig ZAG (10): 104.92
VORTEX (21): 0.9700
Stochastique (14,3,5): 15.17
TEMA (21): 105.68
Williams %R (14): -95.24
Chande Momentum Oscillator (20): -1.05
Repulse (5,40,3): -0.9800
ROCnROLL: 2
TRIX (15,9): -0.0100
Courbe Coppock: 0.52
MA7: 105.79
MA20: 105.95
MA50: 106.16
MA100: 106.79
MAexp7: 105.63
MAexp20: 105.90
MAexp50: 106.23
MAexp100: 106.71
Price / MA7: -0.90%
Price / MA20: -1.05%
Price / MA50: -1.24%
Price / MA100: -1.83%
Price / MAexp7: -0.75%
Price / MAexp20: -1.00%
Price / MAexp50: -1.31%
Price / MAexp100: -1.75%

Quotes : 2020-09-16 13:08:40 - Real time data - Forex

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

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