USD/JPY - 1H - Technical analysis published on 07/20/2021 (GMT)
- 178
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 110.10 JPY
My targets
109.06 JPY (-0.53)
107.93 JPY (-1.66)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 110.10 JPY remains possible. It is advisable to trade USD/JPY with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 110.10 JPY. The next bearish objective for sellers is set at 109.06 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 107.93 JPY. In case of crossing, the next objective would be the support located at 105.44 JPY. PS: if there is a bullish break in the resistance located at 110.10 JPY we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.5
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever 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 content. 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.
This analysis was given by emc3. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/JPY rating is 109.59 JPY. On the day, this instrument gained +0.06% with the lowest point at 109.37 JPY and the highest point at 109.75 JPY. The deviation from the price is +0.20% for the low point and -0.15% for the high point.109.37
109.75
109.59
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
A technical analysis in 1H of this USD/JPY chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of triangle 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 | R1 | Price | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 105.44 | 107.93 | 109.06 | 109.59 | 109.59 | 110.10 | 110.34 |
Change (%) | -3.79% | -1.51% | -0.48% | 0% | - | +0.47% | +0.68% |
Change | -4.15 | -1.66 | -0.53 | 0 | - | +0.51 | +0.75 |
Level | Minor | Intermediate | Minor | Major | - | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 107.97 | 108.52 | 109.02 | 109.57 | 110.07 | 110.62 | 111.12 |
Camarilla | 109.24 | 109.34 | 109.43 | 109.53 | 109.63 | 109.72 | 109.82 |
Woodie | 107.96 | 108.51 | 109.01 | 109.56 | 110.06 | 110.61 | 111.11 |
Fibonacci | 108.52 | 108.92 | 109.17 | 109.57 | 109.97 | 110.22 | 110.62 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 108.63 | 109.17 | 109.62 | 110.16 | 110.61 | 111.15 | 111.60 |
Camarilla | 109.80 | 109.89 | 109.98 | 110.07 | 110.16 | 110.25 | 110.34 |
Woodie | 108.59 | 109.15 | 109.58 | 110.14 | 110.57 | 111.13 | 111.56 |
Fibonacci | 109.17 | 109.55 | 109.78 | 110.16 | 110.54 | 110.77 | 111.15 |
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): | 49.94 | |
MACD (12,26,9): | -0.0500 | |
Directional Movement: | 1.42 | |
AROON (14): | 28.57 | |
DEMA (21): | 109.48 | |
Parabolic SAR (0,02-0,02-0,2): | 109.32 | |
Elder Ray (13): | 0.05 | |
Super Trend (3,10): | 109.86 | |
Zig ZAG (10): | 109.58 | |
VORTEX (21): | 1.0500 | |
Stochastique (14,3,5): | 66.72 | |
TEMA (21): | 109.53 | |
Williams %R (14): | -42.11 | |
Chande Momentum Oscillator (20): | 0.12 | |
Repulse (5,40,3): | -0.0200 | |
ROCnROLL: | -1 | |
TRIX (15,9): | -0.0100 | |
Courbe Coppock: | 0.19 |
MA7: | 109.99 | |
MA20: | 110.48 | |
MA50: | 109.96 | |
MA100: | 109.47 | |
MAexp7: | 109.55 | |
MAexp20: | 109.57 | |
MAexp50: | 109.71 | |
MAexp100: | 109.87 | |
Price / MA7: | -0.36% | |
Price / MA20: | -0.81% | |
Price / MA50: | -0.34% | |
Price / MA100: | +0.11% | |
Price / MAexp7: | +0.04% | |
Price / MAexp20: | +0.02% | |
Price / MAexp50: | -0.11% | |
Price / MAexp100: | -0.25% |
Quotes :
-
Real time data
-
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 20, 2021 by FXEmpire
- USD/JPY Technical Analysis for the Week of July 19, 2021 by FXEmpire
- USD/JPY Technical Analysis for July 19, 2021 by FXEmpire
- USD/JPY Technical Analysis for July 16, 2021 by FXEmpire
- USD/JPY Technical Analysis for July 15, 2021 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis USD/JPY - 1H