USD/JPY - Daily - Technical analysis published on 08/27/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
39%
39%
22%
My opinion
Bearish under 107.43 JPY
My targets
105.38 JPY (-0.40%)
104.74 JPY (-1.00%)
My analysis
The bearish trend is currently very strong for USD/JPY. As long as the price remains below the resistance at 107.43 JPY, you could try to take advantage of the bearish rally. The first bearish objective is located at 105.38 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 104.74 JPY as an objective. Crossing it would then enable sellers to target 99.98 JPY. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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:
Additional analysis
Quotes
The USD/JPY price is 105.80 JPY. The price registered a decrease of -0.16% on the session with the lowest point at 105.59 JPY and the highest point at 106.07 JPY. The deviation from the price is +0.20% for the low point and -0.25% for the high point.105.59
106.07
105.80
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of USD/JPY indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : Daily
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Piercing line
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 99.98 | 104.74 | 105.38 | 105.80 | 107.43 | 108.89 | 110.47 |
| Change (%) | -5.50% | -1.00% | -0.40% | - | +1.54% | +2.92% | +4.41% |
| Change | -5.82 | -1.06 | -0.42 | - | +1.63 | +3.09 | +4.67 |
| Level | Major | Major | Major | - | Major | Major | Intermediate |
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 | 102.84 | 103.64 | 104.81 | 105.61 | 106.78 | 107.58 | 108.75 |
| Camarilla | 105.43 | 105.61 | 105.79 | 105.97 | 106.15 | 106.33 | 106.51 |
| Woodie | 103.02 | 103.73 | 104.99 | 105.70 | 106.96 | 107.67 | 108.93 |
| Fibonacci | 103.64 | 104.40 | 104.86 | 105.61 | 106.37 | 106.83 | 107.58 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 103.39 | 104.32 | 104.87 | 105.80 | 106.35 | 107.28 | 107.83 |
| Camarilla | 105.01 | 105.15 | 105.28 | 105.42 | 105.56 | 105.69 | 105.83 |
| Woodie | 103.20 | 104.23 | 104.68 | 105.71 | 106.16 | 107.19 | 107.64 |
| Fibonacci | 104.32 | 104.89 | 105.24 | 105.80 | 106.37 | 106.72 | 107.28 |
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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 42.08 | |
| MACD (12,26,9): | -0.4600 | |
| Directional Movement: | -15.38 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 105.82 | |
| Parabolic SAR (0,02-0,02-0,2): | 106.73 | |
| Elder Ray (13): | -0.38 | |
| Super Trend (3,10): | 107.74 | |
| Zig ZAG (10): | 105.83 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 44.12 | |
| TEMA (21): | 105.75 | |
| Williams %R (14): | -46.25 | |
| Chande Momentum Oscillator (20): | 0.13 | |
| Repulse (5,40,3): | 0.1800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 0.84 |
| MA7: | 106.16 | |
| MA20: | 106.30 | |
| MA50: | 107.35 | |
| MA100: | 108.74 | |
| MAexp7: | 106.03 | |
| MAexp20: | 106.44 | |
| MAexp50: | 107.29 | |
| MAexp100: | 108.28 | |
| Price / MA7: | -0.34% | |
| Price / MA20: | -0.47% | |
| Price / MA50: | -1.44% | |
| Price / MA100: | -2.70% | |
| Price / MAexp7: | -0.22% | |
| Price / MAexp20: | -0.60% | |
| Price / MAexp50: | -1.39% | |
| Price / MAexp100: | -2.29% |
News
The last news published on USD/JPY at the time of the generation of this analysis was as follows:
-
USD/JPY Technical Analysis for August 28, 2019 by FXEmpire
-
USD/JPY Technical Analysis for August 28, 2019 by FXEmpire
-
USD/JPY Technical Analysis for August 27, 2019 by FXEmpire
-
USD/JPY Technical Analysis for August 26, 2019 by FXEmpire
-
USD/JPY Technical Analysis for the week of August 26, 2019 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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