USD/JPY
USD JPY
- JPY (-)
- Real time data - Forex
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Type: Forex
Ticker: USDJPY
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USD/JPY - Daily - Technical analysis published on 10/23/2020 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 106.23 JPY
My targets
103.11 JPY (-1.61)
101.57 JPY (-3.15)
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 sellers” bearish objective is set at 103.11 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 101.57 JPY. In case of crossing, the next objective would be the support located at 87.29 JPY. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.9

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 Jlozano2012. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

USD/JPY rating 104.72 JPY. The price registered a decrease of -0.18% on the session and was traded between 104.67 JPY and 104.92 JPY over the period. The price is currently at +0.05% from its lowest and -0.19% from its highest.

104.67
104.92
104.72

A study of price movements over other periods shows the following variations:
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. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


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:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : Daily


Near support of triangle

Type : Bullish

Timeframe : Daily


Support of channel 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


S3S2S1PriceR1R2R3
ProTrendLines 75.86 87.29 103.11 104.72 104.73 106.23 108.19
Change (%) -27.56% -16.64% -1.54% - +0.01% +1.44% +3.31%
Change -28.86 -17.43 -1.61 - +0.01 +1.51 +3.47
Level Minor Minor Major - Major Intermediate 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
Standard104.14104.30104.61104.77105.08105.24105.55
Camarilla104.78104.82104.87104.91104.95105.00105.04
Woodie104.21104.34104.68104.81105.15105.28105.62
Fibonacci104.30104.48104.59104.77104.95105.06105.24


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard104.22104.63105.02105.43105.82106.23106.62
Camarilla105.20105.27105.35105.42105.49105.57105.64
Woodie104.22104.63105.02105.43105.82106.23106.62
Fibonacci104.63104.93105.12105.43105.73105.92106.23


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard101.57102.78104.12105.33106.67107.88109.22
Camarilla104.75104.98105.22105.45105.68105.92106.15
Woodie101.63102.81104.18105.36106.73107.91109.28
Fibonacci102.78103.76104.36105.33106.31106.91107.88

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): 39.35
MACD (12,26,9): -0.1800
Directional Movement: -19.03
AROON (14): -64.28
DEMA (21): 105.10
Parabolic SAR (0,02-0,02-0,2): 105.88
Elder Ray (13): -0.42
Super Trend (3,10): 106.15
Zig ZAG (10): 104.72
VORTEX (21): 0.9400
Stochastique (14,3,5): 24.48
TEMA (21): 105.04
Williams %R (14): -78.53
Chande Momentum Oscillator (20): -1.25
Repulse (5,40,3): -0.3200
ROCnROLL: 2
TRIX (15,9): -0.0100
Courbe Coppock: 0.98
MA7: 105.15
MA20: 105.42
MA50: 105.61
MA100: 106.20
MAexp7: 105.06
MAexp20: 105.31
MAexp50: 105.63
MAexp100: 106.14
Price / MA7: -0.41%
Price / MA20: -0.66%
Price / MA50: -0.84%
Price / MA100: -1.39%
Price / MAexp7: -0.32%
Price / MAexp20: -0.56%
Price / MAexp50: -0.86%
Price / MAexp100: -1.34%

Quotes : 2020-10-23 04:25:31 - Real time data - Forex

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

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