USD/JPY - Daily - Technical analysis published on 10/14/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 106.23 JPY
My targets
104.72 JPY (-0.50)
103.11 JPY (-2.11)
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 106.23 JPY. The next bearish objective for sellers 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. If there is any crossing, the next objective would be the support located at 87.29 JPY. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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This analysis was given by Jlozano2012. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/JPY rating 105.22 JPY. The price is lower by -0.24% since the last closing and was traded between 105.16 JPY and 105.52 JPY over the period. The price is currently at +0.06% from its lowest and -0.28% from its highest.105.16
105.52
105.22
Here is a more detailed summary of the historical variations registered by USD/JPY:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this USD/JPY chart shows a sharp bearish trend. The signals given by moving averages are 89.29% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
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:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
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 support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
Support of triangle 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 | 105.22 | 106.23 | 108.19 | 109.56 |
| Change (%) | -17.04% | -2.01% | -0.48% | - | +0.96% | +2.82% | +4.12% |
| Change | -17.93 | -2.11 | -0.50 | - | +1.01 | +2.97 | +4.34 |
| Level | Minor | Major | Major | - | Intermediate | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 104.94 | 105.11 | 105.29 | 105.46 | 105.64 | 105.81 | 105.99 |
| Camarilla | 105.37 | 105.41 | 105.44 | 105.47 | 105.50 | 105.53 | 105.57 |
| Woodie | 104.95 | 105.11 | 105.30 | 105.46 | 105.65 | 105.81 | 106.00 |
| Fibonacci | 105.11 | 105.24 | 105.33 | 105.46 | 105.59 | 105.68 | 105.81 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 121.20 | 121.91 | 122.34 | 123.05 | 123.48 | 124.19 | 124.62 |
| Camarilla | 122.46 | 122.56 | 122.67 | 122.77 | 122.87 | 122.98 | 123.08 |
| Woodie | 121.06 | 121.84 | 122.20 | 122.98 | 123.34 | 124.12 | 124.48 |
| Fibonacci | 121.91 | 122.35 | 122.62 | 123.05 | 123.49 | 123.76 | 124.19 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 101.57 | 102.78 | 104.12 | 105.33 | 106.67 | 107.88 | 109.22 |
| Camarilla | 104.75 | 104.98 | 105.22 | 105.45 | 105.68 | 105.92 | 106.15 |
| Woodie | 101.63 | 102.81 | 104.18 | 105.36 | 106.73 | 107.91 | 109.28 |
| Fibonacci | 102.78 | 103.76 | 104.36 | 105.33 | 106.31 | 106.91 | 107.88 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 46.28 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | -7.44 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 105.76 | |
| Parabolic SAR (0,02-0,02-0,2): | 108.65 | |
| Elder Ray (13): | -0.43 | |
| Super Trend (3,10): | 107.92 | |
| Zig ZAG (10): | 105.21 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 10.58 | |
| TEMA (21): | 105.89 | |
| Williams %R (14): | -92.59 | |
| Chande Momentum Oscillator (20): | -0.47 | |
| Repulse (5,40,3): | -0.3600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.20 |
| MA7: | 106.01 | |
| MA20: | 105.57 | |
| MA50: | 105.83 | |
| MA100: | 106.44 | |
| MAexp7: | 105.78 | |
| MAexp20: | 105.74 | |
| MAexp50: | 105.88 | |
| MAexp100: | 106.33 | |
| Price / MA7: | -0.75% | |
| Price / MA20: | -0.33% | |
| Price / MA50: | -0.58% | |
| Price / MA100: | -1.15% | |
| Price / MAexp7: | -0.53% | |
| Price / MAexp20: | -0.49% | |
| Price / MAexp50: | -0.62% | |
| Price / MAexp100: | -1.04% |
Quotes :
2020-10-14 13:42:52
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Real time data
-
Forex
News
The last news published on USD/JPY at the time of the generation of this analysis was as follows:
-
USD/JPY Technical Analysis for October 14, 2020 by FXEmpire
-
USD/JPY Technical Analysis For October 13, 2020 By FX Empire
-
USD/JPY Technical Analysis for October 13, 2020 by FXEmpire
-
USD/JPY Technical Analysis For October 12, 2020 By FX Empire
-
USD/JPY Technical Analysis for the Week of October 12, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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