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 - 1H - Technical analysis published on 10/28/2020

  • 54
  • 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
  • Timeframe : 1H
  • - Analysis generated on 2020-10-28 17:47:33
  • Status : LEVEL MAINTAINED

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

This analysis was given by huthayfa. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily 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

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:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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:

Central Indicators

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:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard103.90104.14104.35104.59104.80105.04105.25
Camarilla104.43104.47104.51104.55104.59104.63104.67
Woodie103.88104.13104.33104.58104.78105.03105.23
Fibonacci104.14104.32104.42104.59104.77104.87105.04


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 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 - 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.

About author

Online

Overall rating :
13524
Number of analyses :
Followers :
0

Add a comment

no pic

Comments

0 comments on the analysis USD/JPY - 1H