USD/JPY - 1H - Technical analysis published on 03/03/2020 (GMT)
- Who voted?
- 243
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 107.92 JPY
My targets
107.17 JPY (-0.32)
106.60 JPY (-0.89)
My analysis
The bearish trend is currently very strong for USD/JPY. As long as the price remains below the resistance at 107.92 JPY, you could try to take advantage of the bearish rally. The first bearish objective is located at 107.17 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 106.60 JPY as an objective. Crossing it would then enable sellers to target 105.39 JPY. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, 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
7.5
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.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/JPY price is 107.49 JPY. On the day, this instrument lost -0.96% and was traded between 107.16 JPY and 108.53 JPY over the period. The price is currently at +0.31% from its lowest and -0.96% from its highest.107.16
108.53
107.49
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of USD/JPY indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish 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 bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 105.39 | 106.60 | 107.17 | 107.49 | 107.92 | 108.90 | 109.55 |
| Change (%) | -1.95% | -0.83% | -0.30% | - | +0.40% | +1.31% | +1.92% |
| Change | -2.10 | -0.89 | -0.32 | - | +0.43 | +1.41 | +2.06 |
| Level | Intermediate | Minor | Intermediate | - | Major | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 106.38 | 106.83 | 107.68 | 108.13 | 108.98 | 109.43 | 110.28 |
| Camarilla | 108.17 | 108.29 | 108.41 | 108.53 | 108.65 | 108.77 | 108.89 |
| Woodie | 106.58 | 106.93 | 107.88 | 108.23 | 109.18 | 109.53 | 110.48 |
| Fibonacci | 106.83 | 107.33 | 107.63 | 108.13 | 108.63 | 108.93 | 109.43 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 102.30 | 104.90 | 106.47 | 109.07 | 110.64 | 113.24 | 114.81 |
| Camarilla | 106.88 | 107.27 | 107.65 | 108.03 | 108.41 | 108.79 | 109.18 |
| Woodie | 101.78 | 104.64 | 105.95 | 108.81 | 110.12 | 112.98 | 114.29 |
| Fibonacci | 104.90 | 106.50 | 107.48 | 109.07 | 110.67 | 111.65 | 113.24 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 101.56 | 104.54 | 106.28 | 109.26 | 111.00 | 113.98 | 115.72 |
| Camarilla | 106.73 | 107.17 | 107.60 | 108.03 | 108.46 | 108.90 | 109.33 |
| Woodie | 100.95 | 104.23 | 105.67 | 108.95 | 110.39 | 113.67 | 115.11 |
| Fibonacci | 104.54 | 106.34 | 107.45 | 109.26 | 111.06 | 112.17 | 113.98 |
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): | 38.35 | |
| MACD (12,26,9): | -0.1100 | |
| Directional Movement: | -16.17 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 107.77 | |
| Parabolic SAR (0,02-0,02-0,2): | 108.32 | |
| Elder Ray (13): | -0.31 | |
| Super Trend (3,10): | 107.44 | |
| Zig ZAG (10): | 107.51 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 19.62 | |
| TEMA (21): | 107.75 | |
| Williams %R (14): | -75.73 | |
| Chande Momentum Oscillator (20): | -0.60 | |
| Repulse (5,40,3): | -0.5300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.75 |
| MA7: | 109.30 | |
| MA20: | 109.91 | |
| MA50: | 109.50 | |
| MA100: | 109.20 | |
| MAexp7: | 107.72 | |
| MAexp20: | 107.89 | |
| MAexp50: | 108.16 | |
| MAexp100: | 108.71 | |
| Price / MA7: | -1.66% | |
| Price / MA20: | -2.20% | |
| Price / MA50: | -1.84% | |
| Price / MA100: | -1.57% | |
| Price / MAexp7: | -0.21% | |
| Price / MAexp20: | -0.37% | |
| Price / MAexp50: | -0.62% | |
| Price / MAexp100: | -1.12% |
News
The latest news and videos published on USD/JPY at the time of the analysis were as follows:
-
USD/JPY Technical Analysis for March 3, 2020 by FXEmpire
-
USD/JPY Technical Analysis for the Week of March 2, 2020 by FXEmpire
-
USD/JPY Technical Analysis for March 2, 2020 by FXEmpire
-
USD/JPY Technical Analysis for February 27, 2020 by FXEmpire
-
Japanese Yen Trend Analysis: USD/JPY May Rise on S&P 500 Dip Buying
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis USD/JPY - 1H