USD/JPY - Daily - Technical analysis published on 10/15/2020 (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
28%
44%
28%
My opinion
Bearish under 106.23 JPY
My targets
104.72 JPY (-0.54)
103.11 JPY (-2.15)
My analysis
The bearish basic trend is very strong on USD/JPY but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 106.23 JPY. Crossing the first support at 104.72 JPY would be a sign of a further potential price plummet. Sellers would then use the next support located at 103.11 JPY as an objective. Crossing it would then enable sellers to target 87.29 JPY. Caution, a return to above the resistance located at 106.23 JPY would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.9
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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 105.26 JPY. The price has increased by +0.11% since the last closing and was traded between 105.11 JPY and 105.30 JPY over the period. The price is currently at +0.14% from its lowest and -0.04% from its highest.105.11
105.30
105.26
Here is a more detailed summary of the historical variations registered by USD/JPY:
Technical
Technical analysis of USD/JPY in Daily shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 5 are bullish, 5 are neutral and 8 are bearish. 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 3
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Momentum indicator is back under 0
Type : Bearish
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
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 | 105.26 | 106.23 | 108.19 | 109.56 |
| Change (%) | -17.07% | -2.04% | -0.51% | - | +0.92% | +2.78% | +4.09% |
| Change | -17.97 | -2.15 | -0.54 | - | +0.97 | +2.93 | +4.30 |
| Level | Minor | Major | Major | - | Intermediate | Major | 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 | 104.45 | 104.74 | 104.94 | 105.23 | 105.43 | 105.72 | 105.92 |
| Camarilla | 105.01 | 105.05 | 105.10 | 105.14 | 105.19 | 105.23 | 105.28 |
| Woodie | 104.41 | 104.72 | 104.90 | 105.21 | 105.39 | 105.70 | 105.88 |
| Fibonacci | 104.74 | 104.93 | 105.04 | 105.23 | 105.42 | 105.53 | 105.72 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 46.87 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -8.36 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 105.66 | |
| Parabolic SAR (0,02-0,02-0,2): | 108.51 | |
| Elder Ray (13): | -0.49 | |
| Super Trend (3,10): | 107.62 | |
| Zig ZAG (10): | 105.26 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 9.26 | |
| TEMA (21): | 105.74 | |
| Williams %R (14): | -91.53 | |
| Chande Momentum Oscillator (20): | -0.20 | |
| Repulse (5,40,3): | -0.1400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.85 |
| MA7: | 105.89 | |
| MA20: | 105.61 | |
| MA50: | 105.82 | |
| MA100: | 106.42 | |
| MAexp7: | 105.63 | |
| MAexp20: | 105.69 | |
| MAexp50: | 105.86 | |
| MAexp100: | 106.31 | |
| Price / MA7: | -0.59% | |
| Price / MA20: | -0.33% | |
| Price / MA50: | -0.53% | |
| Price / MA100: | -1.09% | |
| Price / MAexp7: | -0.35% | |
| Price / MAexp20: | -0.41% | |
| Price / MAexp50: | -0.57% | |
| Price / MAexp100: | -0.99% |
Quotes :
2020-10-15 03:41:19
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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 October 15, 2020 by FXEmpire
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USD/JPY Technical Analysis for October 14, 2020 by FXEmpire
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USD/JPY Technical Analysis For October 13, 2020 By FX Empire
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USD/JPY Technical Analysis for October 13, 2020 by FXEmpire
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USD/JPY Technical Analysis For October 12, 2020 By FX Empire
This member declared not having a position on this financial instrument or a related financial instrument.
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