USD/JPY - 15 min. - Technical analysis published on 06/24/2019 (GMT)
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- Timeframe : 15 min.
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Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 107.37 JPY
My targets
107.00 JPY (-0.32%)
106.69 JPY (-0.61%)
My analysis
There is a bearish trend on USD/JPY both at the basic level and in the short term. A sale could be considered, so long as the price remains below 107.37 JPY. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 107.00 JPY. Then the price could move towards 106.69 JPY. Then 106.32 JPY by extension. Be careful, a return to above the resistance 107.37 JPY would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/JPY rating 107.34 JPY. On the day, this instrument gained +0.02% and was traded between 107.26 JPY and 107.48 JPY over the period. The price is currently at +0.07% from its lowest and -0.13% from its highest.107.26
107.48
107.34
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of USD/JPY in 15 min. shows an overall bearish trend. 75% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. 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 : 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:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 104.74 | 107.05 | 107.21 | 107.34 | 107.43 | 107.73 | 108.04 |
| Change (%) | -2.42% | -0.27% | -0.12% | - | +0.08% | +0.36% | +0.65% |
| Change | -2.60 | -0.29 | -0.13 | - | +0.09 | +0.39 | +0.70 |
| Level | Major | Major | Minor | - | Major | 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 | 106.32 | 106.69 | 107.00 | 107.37 | 107.68 | 108.05 | 108.36 |
| Camarilla | 107.13 | 107.20 | 107.26 | 107.32 | 107.38 | 107.44 | 107.51 |
| Woodie | 106.30 | 106.68 | 106.98 | 107.36 | 107.66 | 108.04 | 108.34 |
| Fibonacci | 106.69 | 106.95 | 107.11 | 107.37 | 107.63 | 107.79 | 108.05 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 105.00 | 106.03 | 106.67 | 107.70 | 108.34 | 109.37 | 110.01 |
| Camarilla | 106.86 | 107.01 | 107.17 | 107.32 | 107.47 | 107.63 | 107.78 |
| Woodie | 104.82 | 105.93 | 106.49 | 107.60 | 108.15 | 109.27 | 109.82 |
| Fibonacci | 106.03 | 106.66 | 107.06 | 107.70 | 108.33 | 108.73 | 109.37 |
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): | 40.57 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -4.84 | |
| AROON (14): | -57.15 | |
| DEMA (21): | 107.39 | |
| Parabolic SAR (0,02-0,02-0,2): | 107.42 | |
| Elder Ray (13): | -0.03 | |
| Super Trend (3,10): | 107.33 | |
| Zig ZAG (10): | 107.34 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 18.25 | |
| TEMA (21): | 107.37 | |
| Williams %R (14): | -83.33 | |
| Chande Momentum Oscillator (20): | -0.08 | |
| Repulse (5,40,3): | -0.0200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.11 |
| MA7: | 107.97 | |
| MA20: | 108.36 | |
| MA50: | 109.79 | |
| MA100: | 110.40 | |
| MAexp7: | 107.37 | |
| MAexp20: | 107.39 | |
| MAexp50: | 107.39 | |
| MAexp100: | 107.40 | |
| Price / MA7: | -0.58% | |
| Price / MA20: | -0.94% | |
| Price / MA50: | -2.23% | |
| Price / MA100: | -2.77% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | -0.05% | |
| Price / MAexp100: | -0.06% |
News
The latest news and videos published on USD/JPY at the time of the analysis were as follows:
-
USD/JPY Technical Analysis for the week of June 24, 2019 by FXEmpire
-
USD/JPY Technical Analysis for June 24, 2019 by FXEmpire
-
USD/JPY Technical Analysis for June 21, 2019 by FXEmpire
-
USD/JPY Technical Analysis for June 20, 2019 by FXEmpire
-
USD/JPY Technical Analysis for June 19, 2019 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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