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.
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
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:
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:
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:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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:
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 104.52 | 105.11 | 105.60 | 106.19 | 106.68 | 107.27 | 107.76 |
Camarilla | 105.79 | 105.89 | 105.99 | 106.09 | 106.19 | 106.29 | 106.39 |
Woodie | 104.47 | 105.09 | 105.55 | 106.17 | 106.63 | 107.25 | 107.71 |
Fibonacci | 105.11 | 105.52 | 105.78 | 106.19 | 106.60 | 106.86 | 107.27 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 103.12 | 104.19 | 104.94 | 106.01 | 106.76 | 107.83 | 108.58 |
Camarilla | 105.18 | 105.35 | 105.51 | 105.68 | 105.85 | 106.01 | 106.18 |
Woodie | 102.95 | 104.11 | 104.77 | 105.93 | 106.59 | 107.75 | 108.41 |
Fibonacci | 104.19 | 104.89 | 105.32 | 106.01 | 106.71 | 107.14 | 107.83 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 105.90 | 106.55 | 107.69 | 108.34 | 109.48 | 110.13 | 111.27 |
Camarilla | 108.33 | 108.49 | 108.66 | 108.82 | 108.98 | 109.15 | 109.31 |
Woodie | 106.14 | 106.67 | 107.93 | 108.46 | 109.72 | 110.25 | 111.51 |
Fibonacci | 106.55 | 107.24 | 107.66 | 108.34 | 109.03 | 109.45 | 110.13 |
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% |
News
The latest news and videos published on USD/JPY at the time of the analysis were as follows:
- USD/JPY Technical Analysis for August 16, 2019 by FXEmpire
- USD/JPY Technical Analysis for August 15, 2019 by FXEmpire
- USD/JPY Technical Analysis for August 14, 2019 by FXEmpire
- USD/JPY Technical Analysis for August 13, 2019 by FXEmpire
- USD/JPY Technical Analysis for the week of August 12, 2019 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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