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 09/21/2020 (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

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 104.68 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.

Central Gaps

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:
The Central Records scanner for higher/lower results shows the following items:

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.

The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

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

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

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard103.66103.97104.26104.57104.86105.17105.46
Camarilla104.40104.45104.51104.56104.62104.67104.73
Woodie103.66103.97104.26104.57104.86105.17105.46
Fibonacci103.97104.20104.34104.57104.80104.94105.17


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard101.93103.10103.83105.00105.73106.90107.63
Camarilla104.04104.21104.39104.56104.73104.91105.08
Woodie101.71102.99103.61104.89105.51106.79107.41
Fibonacci103.10103.83104.27105.00105.73106.17106.90


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 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 - Real time data - Forex

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

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