USD/JPY - 1H - Technical analysis published on 10/28/2020 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
56%
11%
33%
My opinion
Bearish under 104.55 JPY
My targets
103.53 JPY (-0.78)
103.11 JPY (-1.20)
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 104.55 JPY. The sellers” bearish objective is set at 103.53 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 103.11 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.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
4.6
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Additional analysis
Quotes
The USD/JPY rating is 104.31 JPY. The price registered a decrease of -0.23% on the session with the lowest point at 104.11 JPY and the highest point at 104.56 JPY. The deviation from the price is +0.19% for the low point and -0.24% for the high point.104.11
104.56
104.31
Here is a more detailed summary of the historical variations registered by USD/JPY:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of USD/JPY in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 75.86 | 87.29 | 103.11 | 104.31 | 104.39 | 104.55 | 104.73 |
| Change (%) | -27.27% | -16.32% | -1.15% | - | +0.08% | +0.23% | +0.40% |
| Change | -28.45 | -17.02 | -1.20 | - | +0.08 | +0.24 | +0.42 |
| Level | Minor | Minor | Major | - | Intermediate | Intermediate | Intermediate |
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 | 103.90 | 104.14 | 104.35 | 104.59 | 104.80 | 105.04 | 105.25 |
| Camarilla | 104.43 | 104.47 | 104.51 | 104.55 | 104.59 | 104.63 | 104.67 |
| Woodie | 103.88 | 104.13 | 104.33 | 104.58 | 104.78 | 105.03 | 105.23 |
| Fibonacci | 104.14 | 104.32 | 104.42 | 104.59 | 104.77 | 104.87 | 105.04 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 102.71 | 103.53 | 104.12 | 104.94 | 105.53 | 106.35 | 106.94 |
| Camarilla | 104.33 | 104.46 | 104.59 | 104.72 | 104.85 | 104.98 | 105.11 |
| Woodie | 102.61 | 103.47 | 104.02 | 104.88 | 105.43 | 106.29 | 106.84 |
| Fibonacci | 103.53 | 104.07 | 104.40 | 104.94 | 105.48 | 105.81 | 106.35 |
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): | 44.77 | |
| MACD (12,26,9): | -0.0700 | |
| Directional Movement: | -5.44 | |
| AROON (14): | 7.15 | |
| DEMA (21): | 104.24 | |
| Parabolic SAR (0,02-0,02-0,2): | 104.14 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 104.51 | |
| Zig ZAG (10): | 104.30 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 58.10 | |
| TEMA (21): | 104.26 | |
| Williams %R (14): | -40.00 | |
| Chande Momentum Oscillator (20): | 0.05 | |
| Repulse (5,40,3): | 0.0400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.12 |
| MA7: | 104.78 | |
| MA20: | 105.28 | |
| MA50: | 105.53 | |
| MA100: | 106.10 | |
| MAexp7: | 104.31 | |
| MAexp20: | 104.35 | |
| MAexp50: | 104.49 | |
| MAexp100: | 104.64 | |
| Price / MA7: | -0.45% | |
| Price / MA20: | -0.92% | |
| Price / MA50: | -1.16% | |
| Price / MA100: | -1.69% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.17% | |
| Price / MAexp100: | -0.32% |
Quotes :
2020-10-28 17:47:32
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Real time data
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Forex
News
The latest news and videos published on USD/JPY at the time of the analysis were as follows:
-
USD/JPY Technical Analysis for October 29, 2020 by FXEmpire
-
USD/JPY Technical Analysis for October 28, 2020 by FXEmpire
-
USD/JPY Technical Analysis for October 27, 2020 by FXEmpire
-
USD/JPY Technical Analysis for the Week of October 26, 2020 by FXEmpire
-
USD/JPY Technical Analysis for October 26, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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