USD/JPY - 15 min. - Technical analysis published on 01/09/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 144.27 JPY
My targets
144.88 JPY (+0.54)
145.53 JPY (+1.19)
My analysis
USD/JPY 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 144.27 JPY. The next resistance located at 144.88 JPY 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 145.53 JPY. After this resistance, buyers could then target 146.14 JPY. 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2
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This analysis was given by MikeBMVP. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/JPY rating is 144.34 JPY. The price has increased by +0.08% since the last closing and was traded between 143.42 JPY and 144.43 JPY over the period. The price is currently at +0.64% from its lowest and -0.06% from its highest.143.42
144.43
144.34
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this USD/JPY chart shows a strongly bullish trend. 89.29% 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 market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA50 & MA100
Type : Bullish
Timeframe : 15 minutes
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 141.90 | 142.49 | 143.79 | 144.34 | 144.79 | 145.37 | 146.38 |
| Change (%) | -1.69% | -1.28% | -0.38% | - | +0.31% | +0.71% | +1.41% |
| Change | -2.44 | -1.85 | -0.55 | - | +0.45 | +1.03 | +2.04 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 142.36 | 143.01 | 143.62 | 144.27 | 144.88 | 145.53 | 146.14 |
| Camarilla | 143.88 | 144.00 | 144.12 | 144.23 | 144.35 | 144.46 | 144.58 |
| Woodie | 142.34 | 143.00 | 143.60 | 144.26 | 144.86 | 145.52 | 146.12 |
| Fibonacci | 143.01 | 143.49 | 143.79 | 144.27 | 144.75 | 145.05 | 145.53 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 136.43 | 138.62 | 141.61 | 143.80 | 146.79 | 148.98 | 151.97 |
| Camarilla | 143.19 | 143.66 | 144.14 | 144.61 | 145.09 | 145.56 | 146.04 |
| Woodie | 136.84 | 138.82 | 142.02 | 144.00 | 147.20 | 149.18 | 152.38 |
| Fibonacci | 138.62 | 140.60 | 141.82 | 143.80 | 145.78 | 147.00 | 148.98 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 129.97 | 135.11 | 138.07 | 143.21 | 146.17 | 151.31 | 154.27 |
| Camarilla | 138.80 | 139.55 | 140.29 | 141.03 | 141.77 | 142.52 | 143.26 |
| Woodie | 128.88 | 134.57 | 136.98 | 142.67 | 145.08 | 150.77 | 153.18 |
| Fibonacci | 135.11 | 138.20 | 140.12 | 143.21 | 146.30 | 148.22 | 151.31 |
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): | 64.44 | |
| MACD (12,26,9): | 0.0900 | |
| Directional Movement: | 15.40 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 144.17 | |
| Parabolic SAR (0,02-0,02-0,2): | 143.78 | |
| Elder Ray (13): | 0.24 | |
| Super Trend (3,10): | 143.87 | |
| Zig ZAG (10): | 144.37 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 92.31 | |
| TEMA (21): | 144.24 | |
| Williams %R (14): | -7.69 | |
| Chande Momentum Oscillator (20): | 0.43 | |
| Repulse (5,40,3): | 0.1300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.24 |
| MA7: | 143.45 | |
| MA20: | 143.14 | |
| MA50: | 146.69 | |
| MA100: | 147.43 | |
| MAexp7: | 144.22 | |
| MAexp20: | 144.08 | |
| MAexp50: | 144.01 | |
| MAexp100: | 144.05 | |
| Price / MA7: | +0.62% | |
| Price / MA20: | +0.84% | |
| Price / MA50: | -1.60% | |
| Price / MA100: | -2.10% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.18% | |
| Price / MAexp50: | +0.23% | |
| Price / MAexp100: | +0.20% |
Quotes :
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Real time data
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Forex
News
The last news published on USD/JPY at the time of the generation of this analysis was as follows:
-
USD/JPY Forecast January 10, 2024
-
USD/JPY Technical Analysis for January 10, 2024 by Chris Lewis for FX Empire
-
USD/JPY Forecast January 9, 2024
-
USD/JPY Technical Analysis for January 09, 2024 by Chris Lewis for FXEmpire
-
USD/JPY Forecast January 8, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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