USD/JPY
USD JPY
- JPY (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
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High: -
High / Low range: -
Type: Forex
Ticker: USDJPY
ISIN:

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

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 huthayfa. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

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.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by USD/JPY:
The Central Records scanner for higher/lower results shows an item:

Central Records

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:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard104.85105.05105.31105.51105.77105.97106.23
Camarilla105.45105.50105.54105.58105.62105.66105.71
Woodie104.89105.07105.35105.53105.81105.99106.27
Fibonacci105.05105.22105.33105.51105.68105.79105.97


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard102.79103.39104.49105.09106.19106.79107.89
Camarilla105.11105.27105.42105.58105.74105.89106.05
Woodie103.03103.52104.73105.22106.43106.92108.13
Fibonacci103.39104.04104.44105.09105.74106.14106.79


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): 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 - Real time data - Forex

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

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