USD/JPY - 1H - Technical analysis published on 05/24/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
33%
44%
My opinion
Bearish under 109.07 JPY
My targets
108.57 JPY (-0.20)
108.19 JPY (-0.58)
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 109.07 JPY. The sellers' bearish objective is set at 108.57 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 108.19 JPY. In case of crossing, the next objective would be the support located at 106.21 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 neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.4
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This analysis was given by dan740. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/JPY rating is 108.77 JPY. The price is lower by -0.14% since the last closing and was between 108.69 JPY and 109.00 JPY. This implies that the price is at +0.07% from its lowest and at -0.21% from its highest.108.69
109.00
108.77
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of USD/JPY indicates that the overall trend is strongly bearish. 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 scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 8 are neutral and 6 are bearish. The Central Indicators scanner found this result concerning these indicators:
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 horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
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 | 106.21 | 108.19 | 108.57 | 108.77 | 108.83 | 109.07 | 109.34 |
| Change (%) | -2.35% | -0.53% | -0.18% | - | +0.06% | +0.28% | +0.52% |
| Change | -2.56 | -0.58 | -0.20 | - | +0.06 | +0.30 | +0.57 |
| Level | Intermediate | Major | Minor | - | Intermediate | Minor | 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 | 108.28 | 108.45 | 108.68 | 108.85 | 109.08 | 109.25 | 109.48 |
| Camarilla | 108.81 | 108.85 | 108.88 | 108.92 | 108.96 | 108.99 | 109.03 |
| Woodie | 108.32 | 108.47 | 108.72 | 108.87 | 109.12 | 109.27 | 109.52 |
| Fibonacci | 108.45 | 108.60 | 108.69 | 108.85 | 109.00 | 109.09 | 109.25 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 107.55 | 108.06 | 108.49 | 109.00 | 109.43 | 109.94 | 110.37 |
| Camarilla | 108.66 | 108.75 | 108.83 | 108.92 | 109.01 | 109.09 | 109.18 |
| Woodie | 107.51 | 108.04 | 108.45 | 108.98 | 109.39 | 109.92 | 110.33 |
| Fibonacci | 108.06 | 108.42 | 108.64 | 109.00 | 109.36 | 109.58 | 109.94 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 104.23 | 105.85 | 107.60 | 109.22 | 110.97 | 112.59 | 114.34 |
| Camarilla | 108.41 | 108.72 | 109.03 | 109.34 | 109.65 | 109.96 | 110.27 |
| Woodie | 104.29 | 105.88 | 107.66 | 109.25 | 111.03 | 112.62 | 114.40 |
| Fibonacci | 105.85 | 107.14 | 107.94 | 109.22 | 110.51 | 111.31 | 112.59 |
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): | 45.56 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | -8.35 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 108.79 | |
| Parabolic SAR (0,02-0,02-0,2): | 108.60 | |
| Elder Ray (13): | -0.04 | |
| Super Trend (3,10): | 108.98 | |
| Zig ZAG (10): | 108.76 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 27.59 | |
| TEMA (21): | 108.78 | |
| Williams %R (14): | -72.41 | |
| Chande Momentum Oscillator (20): | -0.15 | |
| Repulse (5,40,3): | -0.0100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.06 |
| MA7: | 109.04 | |
| MA20: | 109.04 | |
| MA50: | 109.11 | |
| MA100: | 107.25 | |
| MAexp7: | 108.79 | |
| MAexp20: | 108.82 | |
| MAexp50: | 108.85 | |
| MAexp100: | 108.91 | |
| Price / MA7: | -0.25% | |
| Price / MA20: | -0.25% | |
| Price / MA50: | -0.31% | |
| Price / MA100: | +1.42% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | -0.07% | |
| Price / MAexp100: | -0.13% |
Quotes :
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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 May 25, 2021 by FXEmpire
-
USD/JPY Technical Analysis for May 24, 2021 by FXEmpire
-
USD/JPY Technical Analysis for May 21, 2021 by FXEmpire
-
USD/JPY Technical Analysis for May 20, 2021 by FXEmpire
-
USD/JPY Technical Analysis for May 19, 2021 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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