USD/JPY - Daily - Technical analysis published on 01/03/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 109.94 JPY
My targets
107.17 JPY (-0.94)
106.60 JPY (-1.51)
My analysis
USD/JPY is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 109.94 JPY, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 107.17 JPY. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 106.60 JPY would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 105.39 JPY. Beware of a possible return to above the resistance located at 109.94 JPY which would be a sign of a correction of the short-term bearish excesses registered.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
4.6
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Additional analysis
Quotes
The USD/JPY rating is 108.11 JPY. The price is lower by -0.40% since the last closing and was between 107.91 JPY and 108.56 JPY. This implies that the price is at +0.19% from its lowest and at -0.41% from its highest.107.91
108.56
108.11
Here is a more detailed summary of the historical variations registered by USD/JPY:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this USD/JPY chart shows a slightly bearish trend. 60.71% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Daily
Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Aroon indicator bearish trend
Type : Bearish
Timeframe : Daily
MACD indicator is back under 0
Type : Bearish
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 horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 105.39 | 106.60 | 107.17 | 108.11 | 108.49 | 109.94 | 110.57 |
| Change (%) | -2.52% | -1.40% | -0.87% | - | +0.35% | +1.69% | +2.28% |
| Change | -2.72 | -1.51 | -0.94 | - | +0.38 | +1.83 | +2.46 |
| Level | Minor | Minor | 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 | 107.55 | 107.88 | 108.21 | 108.54 | 108.87 | 109.20 | 109.53 |
| Camarilla | 108.36 | 108.42 | 108.48 | 108.54 | 108.60 | 108.66 | 108.72 |
| Woodie | 107.55 | 107.88 | 108.21 | 108.54 | 108.87 | 109.20 | 109.53 |
| Fibonacci | 107.88 | 108.13 | 108.29 | 108.54 | 108.79 | 108.95 | 109.20 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 108.93 | 109.12 | 109.29 | 109.48 | 109.65 | 109.84 | 110.01 |
| Camarilla | 109.35 | 109.38 | 109.42 | 109.45 | 109.48 | 109.52 | 109.55 |
| Woodie | 108.91 | 109.12 | 109.27 | 109.48 | 109.63 | 109.84 | 109.99 |
| Fibonacci | 109.12 | 109.26 | 109.35 | 109.48 | 109.62 | 109.71 | 109.84 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 106.82 | 107.62 | 108.12 | 108.92 | 109.42 | 110.22 | 110.72 |
| Camarilla | 108.25 | 108.37 | 108.49 | 108.61 | 108.73 | 108.85 | 108.97 |
| Woodie | 106.66 | 107.55 | 107.96 | 108.85 | 109.26 | 110.15 | 110.56 |
| Fibonacci | 107.62 | 108.12 | 108.43 | 108.92 | 109.42 | 109.73 | 110.22 |
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): | 33.93 | |
| MACD (12,26,9): | -0.0900 | |
| Directional Movement: | -18.71 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 108.93 | |
| Parabolic SAR (0,02-0,02-0,2): | 109.60 | |
| Elder Ray (13): | -0.68 | |
| Super Trend (3,10): | 109.47 | |
| Zig ZAG (10): | 108.15 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 18.72 | |
| TEMA (21): | 108.70 | |
| Williams %R (14): | -87.01 | |
| Chande Momentum Oscillator (20): | -1.41 | |
| Repulse (5,40,3): | -0.6000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.72 |
| MA7: | 108.84 | |
| MA20: | 109.11 | |
| MA50: | 108.95 | |
| MA100: | 108.20 | |
| MAexp7: | 108.70 | |
| MAexp20: | 108.97 | |
| MAexp50: | 108.84 | |
| MAexp100: | 108.60 | |
| Price / MA7: | -0.67% | |
| Price / MA20: | -0.92% | |
| Price / MA50: | -0.77% | |
| Price / MA100: | -0.08% | |
| Price / MAexp7: | -0.54% | |
| Price / MAexp20: | -0.79% | |
| Price / MAexp50: | -0.67% | |
| Price / MAexp100: | -0.45% |
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:
-
USD/JPY Technical Analysis for January 03, 2020 by FXEmpire
-
USD/JPY Technical Analysis for January 02, 2019 by FXEmpire
-
USD/JPY Technical Analysis for December 31, 2019 by FXEmpire
-
USD/JPY Technical Analysis for December 30, 2019 by FXEmpire
-
USD/JPY Technical Analysis for the week of December 30, 2019 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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