USD/JPY - Daily - Technical analysis published on 10/17/2020 (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 (-0.70)
103.11 JPY (-2.31)
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.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
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 105.42 JPY. On the day, this instrument gained +0.06% with the lowest point at 105.19 JPY and the highest point at 105.45 JPY. The deviation from the price is +0.22% for the low point and -0.03% for the high point.105.19
105.45
105.42
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of USD/JPY indicates that the overall trend is strongly bearish. 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 to suggest whether the signal given by the technical indicators is more bullish or 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
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
MACD indicator is back under 0
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
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
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 | 105.42 | 106.23 | 108.19 | 109.56 |
| Change (%) | -17.20% | -2.19% | -0.66% | - | +0.77% | +2.63% | +3.93% |
| Change | -18.13 | -2.31 | -0.70 | - | +0.81 | +2.77 | +4.14 |
| 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 | 104.76 | 104.93 | 105.15 | 105.32 | 105.54 | 105.71 | 105.93 |
| Camarilla | 105.25 | 105.29 | 105.32 | 105.36 | 105.40 | 105.43 | 105.47 |
| Woodie | 104.78 | 104.94 | 105.17 | 105.33 | 105.56 | 105.72 | 105.95 |
| Fibonacci | 104.93 | 105.08 | 105.17 | 105.32 | 105.47 | 105.56 | 105.71 |
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): | 47.94 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | -8.00 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 105.64 | |
| Parabolic SAR (0,02-0,02-0,2): | 108.37 | |
| Elder Ray (13): | -0.34 | |
| Super Trend (3,10): | 107.62 | |
| Zig ZAG (10): | 105.42 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 9.70 | |
| TEMA (21): | 105.69 | |
| Williams %R (14): | -87.30 | |
| Chande Momentum Oscillator (20): | -0.12 | |
| Repulse (5,40,3): | 0.1100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.62 |
| MA7: | 105.82 | |
| MA20: | 105.65 | |
| MA50: | 105.81 | |
| MA100: | 106.40 | |
| MAexp7: | 105.60 | |
| MAexp20: | 105.67 | |
| MAexp50: | 105.84 | |
| MAexp100: | 106.30 | |
| Price / MA7: | -0.38% | |
| Price / MA20: | -0.22% | |
| Price / MA50: | -0.37% | |
| Price / MA100: | -0.92% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | -0.24% | |
| Price / MAexp50: | -0.40% | |
| Price / MAexp100: | -0.83% |
Quotes :
2020-10-16 20:59:59
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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 the Week of October 19, 2020 by FXEmpire
-
USD/JPY Technical Analysis for October 19, 2020 by FXEmpire
-
USD/JPY Technical Analysis for October 16, 2020 by FXEmpire
-
USD/JPY Technical Analysis for October 15, 2020 by FXEmpire
-
USD/JPY Technical Analysis for October 14, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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