USD/JPY - Daily - Technical analysis published on 09/24/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
50%
28%
22%
My opinion
Bearish under 106.26 JPY
My targets
104.72 JPY (-0.76)
103.11 JPY (-2.37)
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 104.72 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 103.11 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 not called into question, despite technical indicators being neutral.
Force
0
10
5.4
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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 price is 105.48 JPY. The price has increased by +0.16% since the last closing and was between 105.20 JPY and 105.53 JPY. This implies that the price is at +0.27% from its lowest and at -0.05% from its highest.105.20
105.53
105.48
Here is a more detailed summary of the historical variations registered by USD/JPY:
Near a new LOW record (1st january)
Type : Bearish
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. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : Daily
Near support of triangle
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 | 105.48 | 106.26 | 108.19 | 109.56 |
Change (%) | -17.24% | -2.25% | -0.72% | - | +0.74% | +2.57% | +3.87% |
Change | -18.19 | -2.37 | -0.76 | - | +0.78 | +2.71 | +4.08 |
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 | 104.41 | 104.66 | 104.99 | 105.24 | 105.57 | 105.82 | 106.15 |
Camarilla | 105.15 | 105.20 | 105.26 | 105.31 | 105.36 | 105.42 | 105.47 |
Woodie | 104.44 | 104.68 | 105.02 | 105.26 | 105.60 | 105.84 | 106.18 |
Fibonacci | 104.66 | 104.89 | 105.02 | 105.24 | 105.47 | 105.60 | 105.82 |
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): | 47.96 | |
MACD (12,26,9): | -0.2800 | |
Directional Movement: | -11.02 | |
AROON (14): | -78.57 | |
DEMA (21): | 105.16 | |
Parabolic SAR (0,02-0,02-0,2): | 105.59 | |
Elder Ray (13): | 0.01 | |
Super Trend (3,10): | 106.29 | |
Zig ZAG (10): | 105.48 | |
VORTEX (21): | 0.9500 | |
Stochastique (14,3,5): | 52.03 | |
TEMA (21): | 105.06 | |
Williams %R (14): | -37.24 | |
Chande Momentum Oscillator (20): | -0.48 | |
Repulse (5,40,3): | 0.7800 | |
ROCnROLL: | -1 | |
TRIX (15,9): | -0.0300 | |
Courbe Coppock: | 1.86 |
MA7: | 104.98 | |
MA20: | 105.63 | |
MA50: | 105.90 | |
MA100: | 106.69 | |
MAexp7: | 105.23 | |
MAexp20: | 105.52 | |
MAexp50: | 105.97 | |
MAexp100: | 106.52 | |
Price / MA7: | +0.48% | |
Price / MA20: | -0.14% | |
Price / MA50: | -0.40% | |
Price / MA100: | -1.13% | |
Price / MAexp7: | +0.24% | |
Price / MAexp20: | -0.04% | |
Price / MAexp50: | -0.46% | |
Price / MAexp100: | -0.98% |
Quotes :
2020-09-24 11:37:04
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Real time data
-
Forex
News
Don"t forget to follow the news on USD/JPY. At the time of publication of this analysis, the latest news was as follows:
- USD/JPY Technical Analysis For September 24, 2020 By FX Empire
- USD/JPY Technical Analysis for September 24, 2020 by FXEmpire
- USD/JPY Technical Analysis For September 23, 2020 By FX Empire
- USD/JPY Technical Analysis for September 23, 2020 by FXEmpire
- USD/JPY Technical Analysis For September 22, 2020 By FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
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