USD/JPY
USD JPY
- JPY (-)
- Real time data - Forex
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Type: Forex
Ticker: USDJPY
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USD/JPY - 1H - Technical analysis published on 08/16/2019 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Bullish
De fond: Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 106.08 JPY
My targets
106.24 JPY (+0.02%)
106.78 JPY (+0.53%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on USD/JPY as long as the price remains well above 106.08 JPY. The buyers” bullish objective is set at 106.24 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 106.78 JPY. If there is any crossing, the next objective would be the resistance located at 106.98 JPY. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

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 hsokkar. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The USD/JPY price is 106.22 JPY. The price has increased by +0.12% since the last closing and was between 106.02 JPY and 106.27 JPY. This implies that the price is at +0.19% from its lowest and at -0.05% from its highest.

106.02
106.27
106.22

A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this USD/JPY chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. An assessment of moving averages reveals a bearish signal that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour



In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Aroon indicator bearish trend

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour


Support of triangle is broken

Type : Bearish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 105.05 105.61 106.08 106.22 106.24 106.78 106.98
Change (%) -1.10% -0.57% -0.13% - +0.02% +0.53% +0.72%
Change -1.17 -0.61 -0.14 - +0.02 +0.56 +0.76
Level Intermediate Major Minor - Minor Intermediate 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
Standard104.52105.11105.60106.19106.68107.27107.76
Camarilla105.79105.89105.99106.09106.19106.29106.39
Woodie104.47105.09105.55106.17106.63107.25107.71
Fibonacci105.11105.52105.78106.19106.60106.86107.27


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard103.12104.19104.94106.01106.76107.83108.58
Camarilla105.18105.35105.51105.68105.85106.01106.18
Woodie102.95104.11104.77105.93106.59107.75108.41
Fibonacci104.19104.89105.32106.01106.71107.14107.83


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard105.90106.55107.69108.34109.48110.13111.27
Camarilla108.33108.49108.66108.82108.98109.15109.31
Woodie106.14106.67107.93108.46109.72110.25111.51
Fibonacci106.55107.24107.66108.34109.03109.45110.13

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): 55.68
MACD (12,26,9): 0.0300
Directional Movement: 3.56
AROON (14): -21.43
DEMA (21): 106.14
Parabolic SAR (0,02-0,02-0,2): 106.47
Elder Ray (13): 0.08
Super Trend (3,10): 106.35
Zig ZAG (10): 106.21
VORTEX (21): 1.0700
Stochastique (14,3,5): 75.03
TEMA (21): 106.16
Williams %R (14): -18.37
Chande Momentum Oscillator (20): 0.09
Repulse (5,40,3): 0.0400
ROCnROLL: 1
TRIX (15,9): 0.0000
Courbe Coppock: 0.07
MA7: 105.97
MA20: 107.09
MA50: 107.67
MA100: 109.10
MAexp7: 106.15
MAexp20: 106.10
MAexp50: 106.05
MAexp100: 106.01
Price / MA7: +0.24%
Price / MA20: -0.81%
Price / MA50: -1.35%
Price / MA100: -2.64%
Price / MAexp7: +0.07%
Price / MAexp20: +0.11%
Price / MAexp50: +0.16%
Price / MAexp100: +0.20%

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

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