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USD/JPY
USD JPY
- JPY (-)
- Real time data - Forex
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High: -
High / Low range: -
Type: Forex
Ticker: USDJPY
ISIN:

USD/JPY - 1H - Technical analysis published on 10/21/2019 (GMT)

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

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 108.45 JPY
My targets
108.71 JPY (+0.13%)
108.93 JPY (+0.33%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on USD/JPY. This is a positive signal for buyers. As long as the price remains above 108.45 JPY, a purchase could be considered. The first bullish objective is located at 108.71 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 108.93 JPY as an objective. Crossing it would then enable buyers to target 109.92 JPY. In the event of a return below 108.45 JPY, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
5.5

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.

hsokkar
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 108.57 JPY. On the day, this instrument gained +0.15% and was traded between 108.29 JPY and 108.66 JPY over the period. The price is currently at +0.26% from its lowest and -0.08% from its highest.

108.29
108.66
108.57

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical


A technical analysis in 1H of this USD/JPY chart shows a bullish trend. 64.29% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

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

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour



The analysis of the price chart with Central Patterns scanners does not return any result.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 107.34 108.05 108.45 108.57 108.71 108.93 109.92
Change (%) -1.13% -0.48% -0.11% - +0.13% +0.33% +1.24%
Change -1.23 -0.52 -0.12 - +0.14 +0.36 +1.35
Level Major Major Intermediate - Intermediate Major Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard107.96108.18108.29108.51108.62108.84108.95
Camarilla108.32108.35108.38108.41108.44108.47108.50
Woodie107.92108.15108.25108.48108.58108.81108.91
Fibonacci108.18108.30108.38108.51108.63108.71108.84


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard107.07107.55107.98108.46108.89109.37109.80
Camarilla108.16108.24108.33108.41108.49108.58108.66
Woodie107.05107.54107.96108.45108.87109.36109.78
Fibonacci107.55107.90108.11108.46108.81109.02109.37


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard103.63104.69106.37107.43109.11110.17111.85
Camarilla107.31107.56107.81108.06108.31108.56108.81
Woodie103.95104.85106.69107.59109.43110.33112.17
Fibonacci104.69105.73106.38107.43108.47109.12110.17

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 52.81
MACD (12,26,9): 0.0200
Directional Movement: 0.36
AROON (14): 50.00
DEMA (21): 108.47
Parabolic SAR (0,02-0,02-0,2): 107.29
Elder Ray (13): 0.09
Super Trend (3,10): 107.99
Zig ZAG (10): 108.57
VORTEX (21): 0.9700
Stochastique (14,3,5): 95.24
TEMA (21): 108.54
Williams %R (14): -4.95
Chande Momentum Oscillator (20): 0.09
Repulse (5,40,3): 0.0000
ROCnROLL: 1
TRIX (15,9): 0.0000
Courbe Coppock: 0.23
MA7: 108.55
MA20: 107.82
MA50: 107.26
MA100: 107.55
MAexp7: 108.52
MAexp20: 108.47
MAexp50: 108.50
MAexp100: 108.48
Price / MA7: +0.02%
Price / MA20: +0.70%
Price / MA50: +1.22%
Price / MA100: +0.95%
Price / MAexp7: +0.05%
Price / MAexp20: +0.09%
Price / MAexp50: +0.06%
Price / MAexp100: +0.08%

News


Don"t forget to follow the news on USD/JPY. At the time of publication of this analysis, the latest news was as follows:

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

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