USD/JPY - 1H - Technical analysis published on 09/17/2020 (GMT)
- Who voted?
- 125
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
11%
78%
11%
My opinion
Bearish under 104.72 JPY
My targets
104.10 JPY (-0.46)
103.11 JPY (-1.45)
My analysis
USD/JPY is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 104.72 JPY. The next support located at 104.10 JPY is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 103.11 JPY. Below this support, sellers could then target 87.29 JPY. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
8.2
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 n4nd14hm. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/JPY rating is 104.56 JPY. The price registered a decrease of -0.48% on the session with the lowest point at 104.55 JPY and the highest point at 105.18 JPY. The deviation from the price is +0.01% for the low point and -0.59% for the high point.104.55
105.18
104.56
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this USD/JPY chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
In fact, 14 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
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, 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 | 75.86 | 87.29 | 103.11 | 104.56 | 104.72 | 105.15 | 105.79 |
| Change (%) | -27.45% | -16.52% | -1.39% | - | +0.15% | +0.56% | +1.18% |
| Change | -28.70 | -17.27 | -1.45 | - | +0.16 | +0.59 | +1.23 |
| Level | Minor | Minor | Major | - | Major | Minor | Minor |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 104.16 | 104.48 | 104.77 | 105.09 | 105.38 | 105.70 | 105.99 |
| Camarilla | 104.89 | 104.95 | 105.00 | 105.06 | 105.12 | 105.17 | 105.23 |
| Woodie | 104.15 | 104.47 | 104.76 | 105.08 | 105.37 | 105.69 | 105.98 |
| Fibonacci | 104.48 | 104.71 | 104.86 | 105.09 | 105.32 | 105.47 | 105.70 |
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): | 26.98 | |
| MACD (12,26,9): | -0.1200 | |
| Directional Movement: | -18.49 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 104.76 | |
| Parabolic SAR (0,02-0,02-0,2): | 105.08 | |
| Elder Ray (13): | -0.17 | |
| Super Trend (3,10): | 105.12 | |
| Zig ZAG (10): | 104.60 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 9.80 | |
| TEMA (21): | 104.75 | |
| Williams %R (14): | -93.22 | |
| Chande Momentum Oscillator (20): | -0.43 | |
| Repulse (5,40,3): | -0.2200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.36 |
| MA7: | 105.62 | |
| MA20: | 105.91 | |
| MA50: | 106.11 | |
| MA100: | 106.77 | |
| MAexp7: | 104.78 | |
| MAexp20: | 104.91 | |
| MAexp50: | 105.14 | |
| MAexp100: | 105.42 | |
| Price / MA7: | -1.00% | |
| Price / MA20: | -1.27% | |
| Price / MA50: | -1.46% | |
| Price / MA100: | -2.07% | |
| Price / MAexp7: | -0.21% | |
| Price / MAexp20: | -0.33% | |
| Price / MAexp50: | -0.55% | |
| Price / MAexp100: | -0.82% |
Quotes :
2020-09-17 11:46:32
-
Real time data
-
Forex
News
The latest news and videos published on USD/JPY at the time of the analysis were as follows:
-
USD/JPY Technical Analysis For September 17, 2020 By FX Empire
-
USD/JPY Technical Analysis For September 16, 2020 By FX Empire
-
USD/JPY Technical Analysis for September 16, 2020 by FXEmpire
-
USD/JPY Technical Analysis For September 15, 2020 By FX Empire
-
USD/JPY Technical Analysis for September 15, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis USD/JPY - 1H