USD/JPY - 1H - Technical analysis published on 09/23/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 104.90 JPY
My targets
105.55 JPY (+0.16)
105.82 JPY (+0.43)
My analysis
USD/JPY is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 104.90 JPY. The next resistance located at 105.55 JPY is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 105.82 JPY. After this resistance, buyers could then target 106.07 JPY. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.7
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This analysis was given by TheFuss. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/JPY price is 105.39 JPY. On the day, this instrument gained +0.31% and was traded between 104.92 JPY and 105.50 JPY over the period. The price is currently at +0.45% from its lowest and -0.10% from its highest.104.92
105.50
105.39
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of USD/JPY indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 10 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 104.72 | 104.90 | 105.30 | 105.39 | 105.55 | 105.82 | 106.07 |
| Change (%) | -0.64% | -0.46% | -0.09% | - | +0.15% | +0.41% | +0.65% |
| Change | -0.67 | -0.49 | -0.09 | - | +0.16 | +0.43 | +0.68 |
| Level | Major | Intermediate | Minor | - | Minor | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 103.93 | 104.17 | 104.61 | 104.85 | 105.29 | 105.53 | 105.97 |
| Camarilla | 104.87 | 104.94 | 105.00 | 105.06 | 105.12 | 105.19 | 105.25 |
| Woodie | 104.04 | 104.22 | 104.72 | 104.90 | 105.40 | 105.58 | 106.08 |
| Fibonacci | 104.17 | 104.43 | 104.59 | 104.85 | 105.11 | 105.27 | 105.53 |
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): | 64.38 | |
| MACD (12,26,9): | 0.1200 | |
| Directional Movement: | 12.37 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 105.41 | |
| Parabolic SAR (0,02-0,02-0,2): | 105.27 | |
| Elder Ray (13): | 0.07 | |
| Super Trend (3,10): | 105.04 | |
| Zig ZAG (10): | 105.39 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 74.71 | |
| TEMA (21): | 105.42 | |
| Williams %R (14): | -27.59 | |
| Chande Momentum Oscillator (20): | 0.32 | |
| Repulse (5,40,3): | -0.0700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.55 |
| MA7: | 104.97 | |
| MA20: | 105.69 | |
| MA50: | 105.94 | |
| MA100: | 106.70 | |
| MAexp7: | 105.34 | |
| MAexp20: | 105.24 | |
| MAexp50: | 105.03 | |
| MAexp100: | 104.95 | |
| Price / MA7: | +0.40% | |
| Price / MA20: | -0.28% | |
| Price / MA50: | -0.52% | |
| Price / MA100: | -1.23% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.14% | |
| Price / MAexp50: | +0.34% | |
| Price / MAexp100: | +0.42% |
Quotes :
2020-09-23 23:07:14
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Real time data
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Forex
News
The last news published on USD/JPY at the time of the generation of this analysis was as follows:
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USD/JPY Technical Analysis for September 24, 2020 by FXEmpire
-
USD/JPY Technical Analysis For September 23, 2020 By FX Empire
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USD/JPY Technical Analysis for September 23, 2020 by FXEmpire
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USD/JPY Technical Analysis For September 22, 2020 By FX Empire
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USD/JPY Technical Analysis for September 22, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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