USD/JPY - 1H - Technical analysis published on 10/17/2019 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
28%
28%
44%
My opinion
Bullish above 108.63 JPY
My targets
108.93 JPY (+0.19%)
109.92 JPY (+1.10%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 108.63 JPY remains possible. It is advisable to trade USD/JPY with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 108.63 JPY. The next bullish objective for buyers is set at 108.93 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 109.92 JPY. If there is any crossing, the next objective would be the resistance located at 110.56 JPY. PS: if there is a bearish break in the support located at 108.63 JPY we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
FORCE
0
10
2.9
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Additional analysis
Quotes
The USD/JPY price is 108.72 JPY. The price has increased by +0.04% since the last closing with the lowest point at 108.64 JPY and the highest point at 108.94 JPY. The deviation from the price is +0.07% for the low point and -0.20% for the high point.108.64
108.94
108.72
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this USD/JPY chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 8 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 107.34 | 108.05 | 108.63 | 108.72 | 108.93 | 109.92 | 110.56 |
| Change (%) | -1.27% | -0.62% | -0.08% | - | +0.19% | +1.10% | +1.69% |
| Change | -1.38 | -0.67 | -0.09 | - | +0.21 | +1.20 | +1.84 |
| Level | Major | Major | Minor | - | Major | 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 | 108.25 | 108.41 | 108.54 | 108.70 | 108.83 | 108.99 | 109.12 |
| Camarilla | 108.60 | 108.63 | 108.65 | 108.68 | 108.71 | 108.73 | 108.76 |
| Woodie | 108.25 | 108.40 | 108.54 | 108.69 | 108.83 | 108.98 | 109.12 |
| Fibonacci | 108.41 | 108.52 | 108.59 | 108.70 | 108.81 | 108.88 | 108.99 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 105.01 | 105.78 | 107.09 | 107.86 | 109.17 | 109.94 | 111.25 |
| Camarilla | 107.83 | 108.02 | 108.21 | 108.40 | 108.59 | 108.78 | 108.97 |
| Woodie | 105.28 | 105.92 | 107.36 | 108.00 | 109.44 | 110.08 | 111.52 |
| Fibonacci | 105.78 | 106.58 | 107.07 | 107.86 | 108.66 | 109.15 | 109.94 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 103.63 | 104.69 | 106.37 | 107.43 | 109.11 | 110.17 | 111.85 |
| Camarilla | 107.31 | 107.56 | 107.81 | 108.06 | 108.31 | 108.56 | 108.81 |
| Woodie | 103.95 | 104.85 | 106.69 | 107.59 | 109.43 | 110.33 | 112.17 |
| Fibonacci | 104.69 | 105.73 | 106.38 | 107.43 | 108.47 | 109.12 | 110.17 |
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): | 47.69 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 2.86 | |
| AROON (14): | 64.28 | |
| DEMA (21): | 108.78 | |
| Parabolic SAR (0,02-0,02-0,2): | 108.94 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 108.56 | |
| Zig ZAG (10): | 108.72 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 38.89 | |
| TEMA (21): | 108.77 | |
| Williams %R (14): | -73.33 | |
| Chande Momentum Oscillator (20): | 0.04 | |
| Repulse (5,40,3): | -0.0800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.10 |
| MA7: | 108.30 | |
| MA20: | 107.74 | |
| MA50: | 107.14 | |
| MA100: | 107.54 | |
| MAexp7: | 108.77 | |
| MAexp20: | 108.75 | |
| MAexp50: | 108.67 | |
| MAexp100: | 108.47 | |
| Price / MA7: | +0.39% | |
| Price / MA20: | +0.91% | |
| Price / MA50: | +1.47% | |
| Price / MA100: | +1.10% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | +0.05% | |
| Price / MAexp100: | +0.23% |
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 October 17, 2019 by FXEmpire
-
USD/JPY Technical Analysis for October 16, 2019 by FXEmpire
-
USD/JPY Technical Analysis for October 15, 2019 by FXEmpire
-
USD/JPY Technical Analysis for the week of October 14, 2019 by FXEmpire
-
USD/JPY Technical Analysis for October 14, 2019 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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