USD/JPY
USD JPY
104.09 JPY (-0.16%)
Closed Real time data - Forex
Open: 104.26
Change: -0.17
Volume: 136,979
Low: 103.91
High: 104.28
High / Low range: 0.37
Type: Forex
Ticker: USDJPY
ISIN:

USD/JPY - Daily - Technical analysis published on 10/26/2020

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  • Timeframe : Daily
  • - Analysis generated on 2020-10-26 15:35:15
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
28%
56%
17%
My opinion
Bearish under 106.23 JPY
My targets
103.11 JPY (-1.82)
101.57 JPY (-3.36)
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 106.23 JPY. The next support located at 103.11 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 101.57 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.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
7

Complete this analysis for another time unit:
15 min. 1H Weekly
Attention: This analysis is for information purposes only and does not constitute personalized investment advice or an incentive 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 analysis. 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.

Additional analysis

Quotes

USD/JPY rating 104.93 JPY. The price has increased by +0.20% since the last closing and was between 104.65 JPY and 105.06 JPY. This implies that the price is at +0.27% from its lowest and at -0.12% from its highest.

104.65
105.06
104.93

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 does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

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

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily


Ichimoku - Bearish crossover : Tenkan & Kijun

Type : Bearish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near support of triangle

Type : Bullish

Timeframe : Daily



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 87.29 103.11 104.73 104.93 106.23 108.19 109.56
Change (%) -16.81% -1.73% -0.19% - +1.24% +3.11% +4.41%
Change -17.64 -1.82 -0.20 - +1.30 +3.26 +4.63
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
Standard104.17104.36104.54104.73104.91105.10105.28
Camarilla104.62104.65104.69104.72104.75104.79104.82
Woodie104.17104.36104.54104.73104.91105.10105.28
Fibonacci104.36104.50104.59104.73104.87104.96105.10


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard102.71103.53104.12104.94105.53106.35106.94
Camarilla104.33104.46104.59104.72104.85104.98105.11
Woodie102.61103.47104.02104.88105.43106.29106.84
Fibonacci103.53104.07104.40104.94105.48105.81106.35


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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 42.81
MACD (12,26,9): -0.1900
Directional Movement: -15.45
AROON (14): -64.28
DEMA (21): 105.05
Parabolic SAR (0,02-0,02-0,2): 105.81
Elder Ray (13): -0.32
Super Trend (3,10): 106.15
Zig ZAG (10): 104.93
VORTEX (21): 0.9400
Stochastique (14,3,5): 29.00
TEMA (21): 104.98
Williams %R (14): -66.67
Chande Momentum Oscillator (20): -1.11
Repulse (5,40,3): 0.0900
ROCnROLL: 2
TRIX (15,9): -0.0200
Courbe Coppock: 1.08
MA7: 105.09
MA20: 105.39
MA50: 105.58
MA100: 106.16
MAexp7: 105.04
MAexp20: 105.28
MAexp50: 105.60
MAexp100: 106.12
Price / MA7: -0.15%
Price / MA20: -0.44%
Price / MA50: -0.62%
Price / MA100: -1.16%
Price / MAexp7: -0.10%
Price / MAexp20: -0.33%
Price / MAexp50: -0.63%
Price / MAexp100: -1.12%

Quotes : 2020-10-26 15:35:13 - Real time data - Forex

News


The latest news and videos published on USD/JPY at the time of the analysis were as follows:

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

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