USD/JPY
USD JPY
- JPY (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: USDJPY
ISIN:

USD/JPY - 15 min. - Technical analysis published on 04/03/2024 (GMT)

  • 73
  • 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Slightly bullish
Technical indicators
17%
61%
22%
My opinion
Bearish under 151.95 JPY
My targets
151.43 JPY (-0.25)
151.17 JPY (-0.51)
My analysis
The strong short-term decline in USD/JPY calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 151.95 JPY, one could consider taking advantage of the short-term movement. The first bearish objective is located at 151.43 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 151.17 JPY as an objective. Crossing it would then enable sellers to target 150.91 JPY. Be careful, a return to above 151.95 JPY could jeopardize the reversal.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
2

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 MikeBMVP. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The USD/JPY rating is 151.68 JPY. The price registered an increase of +0.09% on the session and was traded between 151.44 JPY and 151.96 JPY over the period. The price is currently at +0.16% from its lowest and -0.18% from its highest.

151.44
151.96
151.68

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of USD/JPY in 15 min. shows an overall slightly bullish trend. 53.57% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. An assessment of moving averages reveals several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 15 minutes


Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 15 minutes



The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator: bullish divergence

Type : Bullish

Timeframe : 15 minutes


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 151.25 151.46 151.64 151.68 151.80 151.97
Change (%) -0.28% -0.15% -0.03% - +0.08% +0.19%
Change -0.43 -0.22 -0.04 - +0.12 +0.29
Level Minor Major Major - Intermediate Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard150.91151.17151.43151.69151.95152.21152.47
Camarilla151.54151.59151.63151.68151.73151.78151.82
Woodie150.90151.17151.42151.69151.94152.21152.46
Fibonacci151.17151.37151.50151.69151.89152.02152.21


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard149.96150.49150.90151.43151.84152.37152.78
Camarilla151.04151.13151.21151.30151.39151.47151.56
Woodie149.89150.46150.83151.40151.77152.34152.71
Fibonacci150.49150.85151.07151.43151.79152.01152.37


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard142.37144.43147.86149.92153.35155.41158.84
Camarilla149.79150.29150.80151.30151.80152.31152.81
Woodie143.07144.77148.56150.26154.05155.75159.54
Fibonacci144.43146.52147.82149.92152.01153.31155.41

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): 43.81
MACD (12,26,9): 0.0100
Directional Movement: -14.25
AROON (14): -7.14
DEMA (21): 151.79
Parabolic SAR (0,02-0,02-0,2): 151.93
Elder Ray (13): -0.07
Super Trend (3,10): 151.96
Zig ZAG (10): 151.71
VORTEX (21): 0.9800
Stochastique (14,3,5): 23.66
TEMA (21): 151.77
Williams %R (14): -77.42
Chande Momentum Oscillator (20): -0.13
Repulse (5,40,3): -0.0500
ROCnROLL: 2
TRIX (15,9): 0.0000
Courbe Coppock: 0.01
MA7: 151.49
MA20: 150.00
MA50: 149.60
MA100: 147.75
MAexp7: 151.77
MAexp20: 151.78
MAexp50: 151.73
MAexp100: 151.68
Price / MA7: +0.13%
Price / MA20: +1.12%
Price / MA50: +1.39%
Price / MA100: +2.66%
Price / MAexp7: -0.06%
Price / MAexp20: -0.07%
Price / MAexp50: -0.03%
Price / MAexp100: -0%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Online

Overall rating :
15096
Number of analyses :
Followers :
0
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

no pic

Comments

0 comments on the analysis USD/JPY - 15 min.