USD/JPY - 1H - Technical analysis published on 10/17/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Neutral
Technical indicators
28%
44%
28%
My opinion
Bearish under 108.63 JPY
My targets
108.05 JPY (-0.51%)
107.34 JPY (-1.16%)
My analysis
The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for USD/JPY as long as the price remains well below 108.63 JPY. The sellers” bearish objective is set at 108.05 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 107.34 JPY. If there is any crossing, the next objective would be the support located at 107.03 JPY.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
2
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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 108.60 JPY. The price registered a decrease of -0.07% on the session and was between 108.45 JPY and 108.94 JPY. This implies that the price is at +0.14% from its lowest and at -0.31% from its highest.108.45
108.94
108.60
Here is a more detailed summary of the historical variations registered by USD/JPY:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this USD/JPY chart shows a neutral trend. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
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:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 107.03 | 107.34 | 108.05 | 108.60 | 108.63 | 108.93 | 109.92 |
| Change (%) | -1.45% | -1.16% | -0.51% | - | +0.03% | +0.30% | +1.22% |
| Change | -1.57 | -1.26 | -0.55 | - | +0.03 | +0.33 | +1.32 |
| Level | Minor | Major | Major | - | Minor | Major | 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 | 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 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): | 43.32 | |
| MACD (12,26,9): | -0.0400 | |
| Directional Movement: | -3.37 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 108.65 | |
| Parabolic SAR (0,02-0,02-0,2): | 108.79 | |
| Elder Ray (13): | -0.10 | |
| Super Trend (3,10): | 108.88 | |
| Zig ZAG (10): | 108.60 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 15.04 | |
| TEMA (21): | 108.59 | |
| Williams %R (14): | -69.39 | |
| Chande Momentum Oscillator (20): | -0.16 | |
| Repulse (5,40,3): | 0.0100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.24 |
| MA7: | 108.28 | |
| MA20: | 107.73 | |
| MA50: | 107.14 | |
| MA100: | 107.54 | |
| MAexp7: | 108.61 | |
| MAexp20: | 108.68 | |
| MAexp50: | 108.66 | |
| MAexp100: | 108.49 | |
| Price / MA7: | +0.30% | |
| Price / MA20: | +0.81% | |
| Price / MA50: | +1.36% | |
| Price / MA100: | +0.99% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | -0.06% | |
| Price / MAexp100: | +0.10% |
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 18, 2019 by FXEmpire
-
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
This member declared not having a position on this financial instrument or a related financial instrument.
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