JPY/USD (X100) FULL1224 - 1H - Technical analysis published on 07/24/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 0.64925 USD
My targets
0.65663 USD (+0.73%)
0.66188 USD (+1.54%)
My analysis
JPY/USD (X100) FULL0924 is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.64925 USD. The next resistance located at 0.65663 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.66188 USD. After this resistance, buyers could then target 0.68395 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.4
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This analysis was given by chookich. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The JPY/USD (X100) FULL0924 rating is 0.65185 USD. On the day, this instrument gained +0.62% with the lowest point at 0.64630 USD and the highest point at 0.65350 USD. The deviation from the price is +0.86% for the low point and -0.25% for the high point.0.64630
0.65350
0.65185
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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 (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of JPY/USD (X100) FULL0924 indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 0.64166 | 0.64561 | 0.64925 | 0.65185 | 0.65663 | 0.68395 | 0.69918 |
| Change (%) | -1.56% | -0.96% | -0.40% | - | +0.73% | +4.92% | +7.26% |
| Change | -0.01019 | -0.00624 | -0.00260 | - | +0.00478 | +0.03210 | +0.04733 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Minor | Intermediate |
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 | 0.63690 | 0.63935 | 0.64360 | 0.64605 | 0.65030 | 0.65275 | 0.65700 |
| Camarilla | 0.64601 | 0.64662 | 0.64724 | 0.64785 | 0.64846 | 0.64908 | 0.64969 |
| Woodie | 0.63780 | 0.63980 | 0.64450 | 0.64650 | 0.65120 | 0.65320 | 0.65790 |
| Fibonacci | 0.63935 | 0.64191 | 0.64349 | 0.64605 | 0.64861 | 0.65019 | 0.65275 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.62018 | 0.62777 | 0.63408 | 0.64167 | 0.64798 | 0.65557 | 0.66188 |
| Camarilla | 0.63658 | 0.63785 | 0.63913 | 0.64040 | 0.64167 | 0.64295 | 0.64422 |
| Woodie | 0.61955 | 0.62745 | 0.63345 | 0.64135 | 0.64735 | 0.65525 | 0.66125 |
| Fibonacci | 0.62777 | 0.63308 | 0.63636 | 0.64167 | 0.64698 | 0.65026 | 0.65557 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.58363 | 0.60457 | 0.61548 | 0.63642 | 0.64733 | 0.66827 | 0.67918 |
| Camarilla | 0.61764 | 0.62056 | 0.62348 | 0.62640 | 0.62932 | 0.63224 | 0.63516 |
| Woodie | 0.57863 | 0.60206 | 0.61048 | 0.63391 | 0.64233 | 0.66576 | 0.67418 |
| Fibonacci | 0.60457 | 0.61673 | 0.62425 | 0.63642 | 0.64858 | 0.65610 | 0.66827 |
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): | 74.93 | |
| MACD (12,26,9): | 0.0019 | |
| Directional Movement: | 24.11547 | |
| AROON (14): | 64.28571 | |
| DEMA (21): | 0.65173 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.64864 | |
| Elder Ray (13): | 0.00170 | |
| Super Trend (3,10): | 0.64852 | |
| Zig ZAG (10): | 0.65255 | |
| VORTEX (21): | 1.1840 | |
| Stochastique (14,3,5): | 79.71 | |
| TEMA (21): | 0.65239 | |
| Williams %R (14): | -15.97 | |
| Chande Momentum Oscillator (20): | 0.00435 | |
| Repulse (5,40,3): | 0.2067 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0367 | |
| Courbe Coppock: | 1.32 |
| MA7: | 0.64400 | |
| MA20: | 0.63470 | |
| MA50: | 0.64151 | |
| MA100: | 0.65611 | |
| MAexp7: | 0.65133 | |
| MAexp20: | 0.64932 | |
| MAexp50: | 0.64668 | |
| MAexp100: | 0.64431 | |
| Price / MA7: | +1.22% | |
| Price / MA20: | +2.70% | |
| Price / MA50: | +1.61% | |
| Price / MA100: | -0.65% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.39% | |
| Price / MAexp50: | +0.80% | |
| Price / MAexp100: | +1.17% |
Quotes :
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10 min delayed data
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CME Globex Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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