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USD/JPY
USD JPY
- JPY (-)
- Real time data - Forex
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High / Low range: -
Type: Forex
Ticker: USDJPY
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USD/JPY - 1H - Technical analysis published on 03/17/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 107.17 JPY
My targets
107.92 JPY (+0.41)
108.51 JPY (+1.00)
My analysis
The bullish trend is currently very strong on USD/JPY. As long as the price remains above the support at 107.17 JPY, you could try to benefit from the boom. The first bullish objective is located at 107.92 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 108.51 JPY as an objective. Crossing it would then enable buyers to target 109.55 JPY. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
8.9

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.

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

Additional analysis

Quotes

USD/JPY rating 107.51 JPY. On the day, this instrument gained +1.21% and was traded between 106.08 JPY and 107.59 JPY over the period. The price is currently at +1.35% from its lowest and -0.07% from its highest.

106.08
107.59
107.51

A study of price movements over other periods shows the following variations:
The Central Volumes scanner detects abnormal volumes on the asset:

Central Volumes

Abnormal volumes

Timeframe : 5 days

Technical


Technical analysis of USD/JPY in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



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 103.08 104.74 107.17 107.51 107.92 108.51 109.55
Change (%) -4.12% -2.58% -0.32% - +0.38% +0.93% +1.90%
Change -4.43 -2.77 -0.34 - +0.41 +1.00 +2.04
Level Intermediate Major Major - Major Major Minor



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard102.61103.87105.05106.31107.49108.75109.93
Camarilla105.55105.77106.00106.22106.44106.67106.89
Woodie102.56103.85105.00106.29107.44108.73109.88
Fibonacci103.87104.81105.38106.31107.25107.82108.75


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard95.9798.57103.30105.90110.63113.23117.96
Camarilla106.00106.68107.35108.02108.69109.36110.04
Woodie97.0399.10104.36106.43111.69113.76119.02
Fibonacci98.57101.37103.10105.90108.70110.43113.23


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard101.56104.54106.28109.26111.00113.98115.72
Camarilla106.73107.17107.60108.03108.46108.90109.33
Woodie100.95104.23105.67108.95110.39113.67115.11
Fibonacci104.54106.34107.45109.26111.06112.17113.98

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): 62.04
MACD (12,26,9): 0.2600
Directional Movement: 13.32
AROON (14): 85.72
DEMA (21): 107.10
Parabolic SAR (0,02-0,02-0,2): 106.59
Elder Ray (13): 0.42
Super Trend (3,10): 106.09
Zig ZAG (10): 107.43
VORTEX (21): 1.1800
Stochastique (14,3,5): 88.34
TEMA (21): 107.28
Williams %R (14): -14.08
Chande Momentum Oscillator (20): 0.82
Repulse (5,40,3): 0.3200
ROCnROLL: 1
TRIX (15,9): 0.0200
Courbe Coppock: 1.40
MA7: 105.57
MA20: 107.89
MA50: 108.90
MA100: 108.91
MAexp7: 107.14
MAexp20: 106.80
MAexp50: 106.46
MAexp100: 106.04
Price / MA7: +1.84%
Price / MA20: -0.35%
Price / MA50: -1.28%
Price / MA100: -1.29%
Price / MAexp7: +0.35%
Price / MAexp20: +0.66%
Price / MAexp50: +0.99%
Price / MAexp100: +1.39%

News


The latest news and videos published on USD/JPY at the time of the analysis were as follows:

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

About author

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