USD/JPY - Daily - Technical analysis published on 09/28/2020 (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
44%
17%
39%
My opinion
Bearish under 106.26 JPY
My targets
104.72 JPY (-0.62)
103.11 JPY (-2.23)
My analysis
USD/JPY is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 106.26 JPY. The next support located at 104.72 JPY is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 103.11 JPY. Below this support, sellers could then target 87.29 JPY. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
5.2
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This analysis was given by huthayfa. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/JPY price is 105.34 JPY. The price is lower by -0.23% since the last closing and was between 105.26 JPY and 105.69 JPY. This implies that the price is at +0.08% from its lowest and at -0.33% from its highest.105.26
105.69
105.34
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
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
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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a slightly bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
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 resistance
Type : Bearish
Timeframe : Daily
Near resistance of triangle
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 87.29 | 103.11 | 104.72 | 105.34 | 106.26 | 108.19 | 109.56 |
Change (%) | -17.13% | -2.12% | -0.59% | - | +0.87% | +2.71% | +4.01% |
Change | -18.05 | -2.23 | -0.62 | - | +0.92 | +2.85 | +4.22 |
Level | Minor | Major | Intermediate | - | Intermediate | Intermediate | 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 | 104.85 | 105.05 | 105.31 | 105.51 | 105.77 | 105.97 | 106.23 |
Camarilla | 105.45 | 105.50 | 105.54 | 105.58 | 105.62 | 105.66 | 105.71 |
Woodie | 104.89 | 105.07 | 105.35 | 105.53 | 105.81 | 105.99 | 106.27 |
Fibonacci | 105.05 | 105.22 | 105.33 | 105.51 | 105.68 | 105.79 | 105.97 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 102.79 | 103.39 | 104.49 | 105.09 | 106.19 | 106.79 | 107.89 |
Camarilla | 105.11 | 105.27 | 105.42 | 105.58 | 105.74 | 105.89 | 106.05 |
Woodie | 103.03 | 103.52 | 104.73 | 105.22 | 106.43 | 106.92 | 108.13 |
Fibonacci | 103.39 | 104.04 | 104.44 | 105.09 | 105.74 | 106.14 | 106.79 |
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): | 45.94 | |
MACD (12,26,9): | -0.2300 | |
Directional Movement: | -7.92 | |
AROON (14): | -64.29 | |
DEMA (21): | 105.19 | |
Parabolic SAR (0,02-0,02-0,2): | 104.03 | |
Elder Ray (13): | 0.10 | |
Super Trend (3,10): | 106.29 | |
Zig ZAG (10): | 105.32 | |
VORTEX (21): | 1.0100 | |
Stochastique (14,3,5): | 61.40 | |
TEMA (21): | 105.15 | |
Williams %R (14): | -43.48 | |
Chande Momentum Oscillator (20): | -0.84 | |
Repulse (5,40,3): | 0.0600 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0300 | |
Courbe Coppock: | 1.75 |
MA7: | 105.13 | |
MA20: | 105.60 | |
MA50: | 105.84 | |
MA100: | 106.66 | |
MAexp7: | 105.30 | |
MAexp20: | 105.50 | |
MAexp50: | 105.93 | |
MAexp100: | 106.47 | |
Price / MA7: | +0.20% | |
Price / MA20: | -0.25% | |
Price / MA50: | -0.47% | |
Price / MA100: | -1.24% | |
Price / MAexp7: | +0.04% | |
Price / MAexp20: | -0.15% | |
Price / MAexp50: | -0.56% | |
Price / MAexp100: | -1.06% |
Quotes :
2020-09-28 09:30:22
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Real time data
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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 28, 2020 By FX Empire
- USD/JPY Technical Analysis for the Week of September 28, 2020 by FXEmpire
- USD/JPY Technical Analysis for September 28, 2020 by FXEmpire
- USD/JPY Technical Analysis For September 25, 2020 By FX Empire
- USD/JPY Technical Analysis for September 25, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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