USD/JPY - 1H - Technical analysis published on 01/12/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 108.87 JPY
My targets
110.12 JPY (+0.58)
110.57 JPY (+1.03)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on USD/JPY. As long as you are above the support located at 108.87 JPY, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 110.12 JPY would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 110.57 JPY as an objective. Crossing it would then enable buyers to target 112.05 JPY. If the support 108.87 JPY were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
FORCE
0
10
3.2
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This analysis was given by Frederico Pereira. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/JPY price is 109.54 JPY. The price registered an increase of +0.06% on the session and was traded between 109.50 JPY and 109.56 JPY over the period. The price is currently at +0.04% from its lowest and -0.02% from its highest.109.50
109.56
109.54
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of USD/JPY indicates that the overall trend is bullish. The signals given by moving averages are 78.57% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative 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.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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 : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 108.26 | 108.49 | 108.87 | 109.54 | 109.56 | 110.57 | 112.05 |
| Change (%) | -1.17% | -0.96% | -0.61% | - | +0.02% | +0.94% | +2.29% |
| Change | -1.28 | -1.05 | -0.67 | - | +0.02 | +1.03 | +2.51 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 108.61 | 108.82 | 109.16 | 109.37 | 109.71 | 109.92 | 110.26 |
| Camarilla | 109.35 | 109.40 | 109.45 | 109.50 | 109.55 | 109.60 | 109.65 |
| Woodie | 108.68 | 108.85 | 109.23 | 109.40 | 109.78 | 109.95 | 110.33 |
| Fibonacci | 108.82 | 109.03 | 109.16 | 109.37 | 109.58 | 109.71 | 109.92 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 105.81 | 106.82 | 107.46 | 108.47 | 109.11 | 110.12 | 110.76 |
| Camarilla | 107.64 | 107.79 | 107.94 | 108.09 | 108.24 | 108.39 | 108.54 |
| Woodie | 105.62 | 106.73 | 107.27 | 108.38 | 108.92 | 110.03 | 110.57 |
| Fibonacci | 106.82 | 107.45 | 107.84 | 108.47 | 109.10 | 109.49 | 110.12 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.81 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | -6.35 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 109.58 | |
| Parabolic SAR (0,02-0,02-0,2): | 109.65 | |
| Elder Ray (13): | -0.04 | |
| Super Trend (3,10): | 109.44 | |
| Zig ZAG (10): | 109.47 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 25.64 | |
| TEMA (21): | 109.50 | |
| Williams %R (14): | -84.62 | |
| Chande Momentum Oscillator (20): | -0.17 | |
| Repulse (5,40,3): | -0.0600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.09 |
| MA7: | 108.72 | |
| MA20: | 109.09 | |
| MA50: | 108.98 | |
| MA100: | 108.33 | |
| MAexp7: | 109.52 | |
| MAexp20: | 109.53 | |
| MAexp50: | 109.37 | |
| MAexp100: | 109.11 | |
| Price / MA7: | +0.75% | |
| Price / MA20: | +0.41% | |
| Price / MA50: | +0.51% | |
| Price / MA100: | +1.12% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.16% | |
| Price / MAexp100: | +0.39% |
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 the week of January 13, 2020 by FXEmpire
-
USD/JPY Technical Analysis for January 13, 2020 by FXEmpire
-
USD/JPY Technical Analysis for January 10, 2020 by FXEmpire
-
USD/JPY Technical Analysis for January 09, 2020 by FXEmpire
-
USD/JPY Technical Analysis for January 08, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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