USD/JPY
USD JPY
- JPY (-)
- Real time data - Forex
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Type: Forex
Ticker: USDJPY
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USD/JPY - 1H - Technical analysis published on 02/21/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Bullish
De fond: Strongly bullish
Technical indicators
28%
39%
33%
My opinion
Bullish above 111.70 JPY
My targets
112.52 JPY (+0.55)
114.57 JPY (+2.60)
My analysis
The basic bullish trend is very strong on USD/JPY but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 111.70 JPY. Crossing the first resistance at 112.52 JPY would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 114.57 JPY as an objective. Crossing it would then enable buyers to target 118.25 JPY. Caution, a return to below 111.70 JPY would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
FORCE
0
10
3.9

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.

This analysis was given by insight. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The USD/JPY rating is 111.97 JPY. The price has increased by +0.00% since the last closing and was traded between 111.92 JPY and 112.19 JPY over the period. The price is currently at +0.04% from its lowest and -0.20% from its highest.

111.92
112.19
111.97

Here is a more detailed summary of the historical variations registered by USD/JPY:

Technical


Technical analysis of this 1H chart of USD/JPY indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. An assessment of moving averages reveals several bearish signals that could impact this trend:

Central Indicators

Bearish price crossover with 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 to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Support of triangle 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


S3S2S1PriceR1R2R3
ProTrendLines 109.94 111.11 111.70 111.97 112.05 114.57 118.25
Change (%) -1.81% -0.77% -0.24% - +0.07% +2.32% +5.61%
Change -2.03 -0.86 -0.27 - +0.08 +2.60 +6.28
Level Major Minor Minor - Major Major Intermediate



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard110.19110.65111.31111.77112.43112.89113.55
Camarilla111.66111.77111.87111.97112.07112.18112.28
Woodie110.29110.70111.41111.82112.53112.94113.65
Fibonacci110.65111.08111.34111.77112.20112.46112.89


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard108.93109.25109.50109.82110.07110.39110.64
Camarilla109.60109.66109.71109.76109.81109.87109.92
Woodie108.91109.23109.48109.80110.05110.37110.62
Fibonacci109.25109.46109.60109.82110.03110.17110.39


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard104.60106.12107.24108.76109.88111.40112.52
Camarilla107.62107.87108.11108.35108.59108.83109.08
Woodie104.39106.02107.03108.66109.67111.30112.31
Fibonacci106.12107.13107.76108.76109.77110.40111.40

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): 57.05
MACD (12,26,9): 0.1600
Directional Movement: 10.69
AROON (14): 57.15
DEMA (21): 112.18
Parabolic SAR (0,02-0,02-0,2): 112.21
Elder Ray (13): -0.03
Super Trend (3,10): 111.56
Zig ZAG (10): 111.93
VORTEX (21): 1.0800
Stochastique (14,3,5): 55.50
TEMA (21): 112.06
Williams %R (14): -51.02
Chande Momentum Oscillator (20): -0.08
Repulse (5,40,3): -0.1100
ROCnROLL: -1
TRIX (15,9): 0.0300
Courbe Coppock: 0.01
MA7: 110.63
MA20: 109.79
MA50: 109.53
MA100: 109.10
MAexp7: 112.00
MAexp20: 111.92
MAexp50: 111.46
MAexp100: 110.93
Price / MA7: +1.21%
Price / MA20: +1.99%
Price / MA50: +2.23%
Price / MA100: +2.63%
Price / MAexp7: -0.03%
Price / MAexp20: +0.04%
Price / MAexp50: +0.46%
Price / MAexp100: +0.94%

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

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