USD/JPY - 15 min. - Technical analysis published on 08/09/2024 (GMT)
- 158
- 0
- Timeframe : 15 min.
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bullish
Technical indicators
28%
17%
56%
My opinion
Neutral between 146.15 JPY and 148.54 JPY
My targets
-
My analysis
The short-term decline on USD/JPY remains moderate but it could call into question the slightly bullish basic trend. It is difficult to advise a trading direction under these conditions. The first support is located at 146.15 JPY. The first resistance is located at 148.54 JPY. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
Technical indicators are neutral in the very short term and are not able to influence the opinion of this analysis.
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 OzO. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/JPY price is 146.98 JPY. The price registered a decrease of -0.49% on the session and was between 146.72 JPY and 147.77 JPY. This implies that the price is at +0.18% from its lowest and at -0.53% from its highest.146.72
147.77
146.98
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
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 slightly bullish trend. Only 53.57% of the signals given by moving averages are bullish. This slightly bullish trend could turn neutral or reverse given the slightly bearish signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 15 minutes
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 10 are neutral and 3 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 15 minutes
Momentum indicator is back under 0
Type : Bearish
Timeframe : 15 minutes
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 15 minutes
Resistance of channel is broken
Type : Bullish
Timeframe : 15 minutes
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 141.03 | 144.77 | 146.75 | 146.98 | 150.17 | 151.26 | 153.94 |
| Change (%) | -4.05% | -1.50% | -0.16% | - | +2.17% | +2.91% | +4.74% |
| Change | -5.95 | -2.21 | -0.23 | - | +3.19 | +4.28 | +6.96 |
| Level | Major | Intermediate | Major | - | 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 | 143.76 | 144.59 | 146.15 | 146.98 | 148.54 | 149.37 | 150.93 |
| Camarilla | 147.04 | 147.26 | 147.48 | 147.70 | 147.92 | 148.14 | 148.36 |
| Woodie | 144.12 | 144.77 | 146.51 | 147.16 | 148.90 | 149.55 | 151.29 |
| Fibonacci | 144.59 | 145.51 | 146.07 | 146.98 | 147.90 | 148.46 | 149.37 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 134.77 | 140.60 | 143.57 | 149.40 | 152.37 | 158.20 | 161.17 |
| Camarilla | 144.13 | 144.94 | 145.74 | 146.55 | 147.36 | 148.16 | 148.97 |
| Woodie | 133.35 | 139.89 | 142.15 | 148.69 | 150.95 | 157.49 | 159.75 |
| Fibonacci | 140.60 | 143.96 | 146.04 | 149.40 | 152.76 | 154.84 | 158.20 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 133.25 | 141.43 | 145.61 | 153.79 | 157.97 | 166.15 | 170.33 |
| Camarilla | 146.39 | 147.52 | 148.66 | 149.79 | 150.92 | 152.06 | 153.19 |
| Woodie | 131.25 | 140.43 | 143.61 | 152.79 | 155.97 | 165.15 | 168.33 |
| Fibonacci | 141.43 | 146.15 | 149.07 | 153.79 | 158.51 | 161.43 | 166.15 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 51.12 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 1.10 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 147.16 | |
| Parabolic SAR (0,02-0,02-0,2): | 147.05 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 147.41 | |
| Zig ZAG (10): | 147.18 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 66.67 | |
| TEMA (21): | 147.19 | |
| Williams %R (14): | -42.50 | |
| Chande Momentum Oscillator (20): | -0.02 | |
| Repulse (5,40,3): | -0.0500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.13 |
| MA7: | 146.75 | |
| MA20: | 152.23 | |
| MA50: | 156.20 | |
| MA100: | 155.38 | |
| MAexp7: | 147.17 | |
| MAexp20: | 147.16 | |
| MAexp50: | 147.15 | |
| MAexp100: | 147.04 | |
| Price / MA7: | +0.16% | |
| Price / MA20: | -3.45% | |
| Price / MA50: | -5.90% | |
| Price / MA100: | -5.41% | |
| Price / MAexp7: | -0.13% | |
| Price / MAexp20: | -0.12% | |
| Price / MAexp50: | -0.12% | |
| Price / MAexp100: | -0.04% |
Quotes :
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Real time data
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Forex
News
The latest news and videos published on USD/JPY at the time of the analysis were as follows:
-
USD/JPY Continues to Look For a Move: Forecast & Technical Analysis by Chris Lewis (August 8)
-
USD/JPY Slams into Trendline: Technical Analysis for August 07, 2024, by Chris Lewis for FX Empire
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USD/JPY, Dollar Stabilizes Against the Yen: Technical Analysis for by Chris Lewis (08/06)
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USD/JPY Attempts to Recover: Technical Analysis for August 06, 2024, by Chris Lewis for FX Empire
-
USD/JPY Forecast August 6, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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