USD/JPY - 1H - Technical analysis published on 07/06/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 110.99 JPY
My targets
110.60 JPY (-0.15)
110.43 JPY (-0.32)
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 110.99 JPY. The next support located at 110.60 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 110.43 JPY. Below this support, sellers could then target 109.29 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.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.7
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This analysis was given by TheFuss. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/JPY price is 110.75 JPY. The price registered a decrease of -0.15% on the session with the lowest point at 110.75 JPY and the highest point at 110.94 JPY. The deviation from the price is 0% for the low point and -0.17% for the high point.110.75
110.94
110.75
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this USD/JPY chart shows a sharp bearish trend. 82.14% 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 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, 6 are neutral and 8 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | Price | S1 | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 110.43 | 110.60 | 110.75 | 110.76 | 110.99 | 111.35 | 111.50 |
| Change (%) | -0.29% | -0.14% | - | +0.01% | +0.22% | +0.54% | +0.68% |
| Change | -0.32 | -0.15 | - | +0.01 | +0.24 | +0.60 | +0.75 |
| Level | Intermediate | Minor | - | Major | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 110.34 | 110.57 | 110.74 | 110.97 | 111.14 | 111.37 | 111.54 |
| Camarilla | 110.81 | 110.85 | 110.88 | 110.92 | 110.96 | 110.99 | 111.03 |
| Woodie | 110.32 | 110.56 | 110.72 | 110.96 | 111.12 | 111.36 | 111.52 |
| Fibonacci | 110.57 | 110.72 | 110.81 | 110.97 | 111.12 | 111.21 | 111.37 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 109.18 | 109.80 | 110.42 | 111.04 | 111.66 | 112.28 | 112.90 |
| Camarilla | 110.70 | 110.81 | 110.93 | 111.04 | 111.15 | 111.27 | 111.38 |
| Woodie | 109.18 | 109.80 | 110.42 | 111.04 | 111.66 | 112.28 | 112.90 |
| Fibonacci | 109.80 | 110.27 | 110.57 | 111.04 | 111.51 | 111.81 | 112.28 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 107.89 | 108.54 | 109.84 | 110.49 | 111.79 | 112.44 | 113.74 |
| Camarilla | 110.60 | 110.78 | 110.96 | 111.14 | 111.32 | 111.50 | 111.68 |
| Woodie | 108.22 | 108.70 | 110.17 | 110.65 | 112.12 | 112.60 | 114.07 |
| Fibonacci | 108.54 | 109.29 | 109.75 | 110.49 | 111.24 | 111.70 | 112.44 |
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): | 35.80 | |
| MACD (12,26,9): | -0.0600 | |
| Directional Movement: | -4.57 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 110.78 | |
| Parabolic SAR (0,02-0,02-0,2): | 110.91 | |
| Elder Ray (13): | -0.04 | |
| Super Trend (3,10): | 111.04 | |
| Zig ZAG (10): | 110.80 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 16.46 | |
| TEMA (21): | 110.79 | |
| Williams %R (14): | -78.26 | |
| Chande Momentum Oscillator (20): | -0.13 | |
| Repulse (5,40,3): | -0.0200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.22 |
| MA7: | 110.94 | |
| MA20: | 110.52 | |
| MA50: | 109.75 | |
| MA100: | 109.07 | |
| MAexp7: | 110.80 | |
| MAexp20: | 110.86 | |
| MAexp50: | 110.97 | |
| MAexp100: | 111.00 | |
| Price / MA7: | -0.17% | |
| Price / MA20: | +0.21% | |
| Price / MA50: | +0.91% | |
| Price / MA100: | +1.54% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | -0.19% | |
| Price / MAexp100: | -0.22% |
Quotes :
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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 July 06, 2021 by FXEmpire
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USD/JPY Technical Analysis for the Week of July 05, 2021 by FXEmpire
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USD/JPY Technical Analysis for July 05, 2021 by FXEmpire
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USD/JPY Technical Analysis for July 02, 2021 by FXEmpire
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USD/JPY Technical Analysis for July 01, 2021 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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