USD/JPY - Daily - Technical analysis published on 09/22/2020 (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
28%
56%
17%
My opinion
Bearish under 106.26 JPY
My targets
103.11 JPY (-1.87)
103.10 JPY (-1.88)
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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7
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This analysis was given by Jlozano2012. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/JPY rating is 104.98 JPY. The price has increased by +0.28% since the last closing and was traded between 104.40 JPY and 105.03 JPY over the period. The price is currently at +0.56% from its lowest and -0.05% from its highest.104.40
105.03
104.98
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this USD/JPY chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
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
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
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 | 87.29 | 103.11 | 104.72 | 104.98 | 106.26 | 108.19 | 109.56 |
| Change (%) | -16.85% | -1.78% | -0.25% | - | +1.22% | +3.06% | +4.36% |
| Change | -17.69 | -1.87 | -0.26 | - | +1.28 | +3.21 | +4.58 |
| Level | Minor | Major | Major | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 103.26 | 103.63 | 104.16 | 104.53 | 105.06 | 105.43 | 105.96 |
| Camarilla | 104.44 | 104.53 | 104.61 | 104.69 | 104.77 | 104.86 | 104.94 |
| Woodie | 103.34 | 103.67 | 104.24 | 104.57 | 105.14 | 105.47 | 106.04 |
| Fibonacci | 103.63 | 103.97 | 104.19 | 104.53 | 104.87 | 105.09 | 105.43 |
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): | 41.02 | |
| MACD (12,26,9): | -0.3500 | |
| Directional Movement: | -18.81 | |
| AROON (14): | -85.72 | |
| DEMA (21): | 105.13 | |
| Parabolic SAR (0,02-0,02-0,2): | 106.05 | |
| Elder Ray (13): | -0.64 | |
| Super Trend (3,10): | 106.29 | |
| Zig ZAG (10): | 104.96 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 26.20 | |
| TEMA (21): | 104.94 | |
| Williams %R (14): | -60.00 | |
| Chande Momentum Oscillator (20): | -1.23 | |
| Repulse (5,40,3): | 0.5300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 1.87 |
| MA7: | 105.02 | |
| MA20: | 105.71 | |
| MA50: | 105.97 | |
| MA100: | 106.71 | |
| MAexp7: | 105.06 | |
| MAexp20: | 105.53 | |
| MAexp50: | 106.01 | |
| MAexp100: | 106.56 | |
| Price / MA7: | -0.04% | |
| Price / MA20: | -0.69% | |
| Price / MA50: | -0.93% | |
| Price / MA100: | -1.62% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.52% | |
| Price / MAexp50: | -0.97% | |
| Price / MAexp100: | -1.48% |
Quotes :
2020-09-22 15:20:42
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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:
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USD/JPY Technical Analysis for September 22, 2020 by FXEmpire
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USD/JPY Technical Analysis for the Week of September 21, 2020 by FXEmpire
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