USD/JPY - Daily - Technical analysis published on 09/21/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 106.26 JPY
My targets
103.11 JPY (-1.57)
103.10 JPY (-1.58)
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 106.26 JPY. The sellers” bearish objective is set at 103.11 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 103.10 JPY. In case of crossing, the next objective would be the support located at 87.29 JPY. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
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
7.5
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This analysis was given by Jlozano2012. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/JPY rating 104.68 JPY. On the day, this instrument gained +0.12% and was between 104.00 JPY and 104.90 JPY. This implies that the price is at +0.65% from its lowest and at -0.21% from its highest.104.00
104.90
104.68
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
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
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.
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 75.86 | 87.29 | 103.11 | 104.68 | 104.72 | 106.26 | 108.19 |
Change (%) | -27.53% | -16.61% | -1.50% | - | +0.04% | +1.51% | +3.35% |
Change | -28.82 | -17.39 | -1.57 | - | +0.04 | +1.58 | +3.51 |
Level | Minor | Minor | Major | - | Major | Major | 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 |
---|---|---|---|---|---|---|---|
Standard | 103.66 | 103.97 | 104.26 | 104.57 | 104.86 | 105.17 | 105.46 |
Camarilla | 104.40 | 104.45 | 104.51 | 104.56 | 104.62 | 104.67 | 104.73 |
Woodie | 103.66 | 103.97 | 104.26 | 104.57 | 104.86 | 105.17 | 105.46 |
Fibonacci | 103.97 | 104.20 | 104.34 | 104.57 | 104.80 | 104.94 | 105.17 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 101.93 | 103.10 | 103.83 | 105.00 | 105.73 | 106.90 | 107.63 |
Camarilla | 104.04 | 104.21 | 104.39 | 104.56 | 104.73 | 104.91 | 105.08 |
Woodie | 101.71 | 102.99 | 103.61 | 104.89 | 105.51 | 106.79 | 107.41 |
Fibonacci | 103.10 | 103.83 | 104.27 | 105.00 | 105.73 | 106.17 | 106.90 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
RSI (14): | 37.02 | |
MACD (12,26,9): | -0.3500 | |
Directional Movement: | -21.59 | |
AROON (14): | -85.71 | |
DEMA (21): | 105.20 | |
Parabolic SAR (0,02-0,02-0,2): | 106.33 | |
Elder Ray (13): | -0.95 | |
Super Trend (3,10): | 106.29 | |
Zig ZAG (10): | 104.68 | |
VORTEX (21): | 0.8900 | |
Stochastique (14,3,5): | 16.05 | |
TEMA (21): | 105.01 | |
Williams %R (14): | -72.94 | |
Chande Momentum Oscillator (20): | -1.40 | |
Repulse (5,40,3): | -0.0700 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0200 | |
Courbe Coppock: | 1.64 |
MA7: | 105.18 | |
MA20: | 105.78 | |
MA50: | 106.02 | |
MA100: | 106.73 | |
MAexp7: | 105.08 | |
MAexp20: | 105.59 | |
MAexp50: | 106.05 | |
MAexp100: | 106.60 | |
Price / MA7: | -0.48% | |
Price / MA20: | -1.04% | |
Price / MA50: | -1.26% | |
Price / MA100: | -1.92% | |
Price / MAexp7: | -0.38% | |
Price / MAexp20: | -0.86% | |
Price / MAexp50: | -1.29% | |
Price / MAexp100: | -1.80% |
Quotes :
2020-09-21 22:23:33
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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:
- USD/JPY Technical Analysis for September 22, 2020 by FXEmpire
- USD/JPY Technical Analysis For September 21, 2020 By FX Empire
- USD/JPY Technical Analysis for the Week of September 21, 2020 by FXEmpire
- USD/JPY Technical Analysis for September 21, 2020 by FXEmpire
- USD/JPY Technical Analysis For September 18, 2020 By FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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…
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