USD/JPY - 1H - Technical analysis published on 09/27/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 143.96 JPY
My targets
143.16 JPY (-0.15)
141.74 JPY (-1.57)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on USD/JPY as long as the price remains well below 143.96 JPY. The sellers' bearish objective is set at 143.16 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 141.74 JPY. In case of crossing, the next objective would be the support located at 141.03 JPY.
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
5.2
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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 USD/JPY rating is 143.31 JPY. On the day, this instrument lost -1.22% and was between 142.78 JPY and 146.49 JPY. This implies that the price is at +0.37% from its lowest and at -2.17% from its highest.142.78
146.49
143.31
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
Technical analysis of USD/JPY in 1H shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are bearish. There is still some doubt about the decline in the price.
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 3
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 141.03 | 141.74 | 143.16 | 143.31 | 143.96 | 144.48 | 145.21 |
| Change (%) | -1.59% | -1.10% | -0.10% | - | +0.45% | +0.82% | +1.33% |
| Change | -2.28 | -1.57 | -0.15 | - | +0.65 | +1.17 | +1.90 |
| Level | Major | Minor | Minor | - | Minor | Major | 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 | 143.29 | 143.70 | 144.39 | 144.80 | 145.49 | 145.90 | 146.59 |
| Camarilla | 144.78 | 144.88 | 144.98 | 145.08 | 145.18 | 145.28 | 145.38 |
| Woodie | 143.43 | 143.77 | 144.53 | 144.87 | 145.63 | 145.97 | 146.73 |
| Fibonacci | 143.70 | 144.12 | 144.38 | 144.80 | 145.22 | 145.48 | 145.90 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 135.85 | 137.71 | 140.77 | 142.63 | 145.69 | 147.55 | 150.61 |
| Camarilla | 142.47 | 142.92 | 143.37 | 143.82 | 144.27 | 144.72 | 145.17 |
| Woodie | 136.44 | 138.01 | 141.36 | 142.93 | 146.28 | 147.85 | 151.20 |
| Fibonacci | 137.71 | 139.59 | 140.75 | 142.63 | 144.51 | 145.67 | 147.55 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 132.42 | 137.05 | 141.62 | 146.25 | 150.82 | 155.45 | 160.02 |
| Camarilla | 143.65 | 144.49 | 145.34 | 146.18 | 147.02 | 147.87 | 148.71 |
| Woodie | 132.38 | 137.04 | 141.58 | 146.24 | 150.78 | 155.44 | 159.98 |
| Fibonacci | 137.05 | 140.57 | 142.74 | 146.25 | 149.77 | 151.94 | 155.45 |
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): | 33.77 | |
| MACD (12,26,9): | -0.2500 | |
| Directional Movement: | -11.57 | |
| AROON (14): | -14.28 | |
| DEMA (21): | 144.26 | |
| Parabolic SAR (0,02-0,02-0,2): | 146.21 | |
| Elder Ray (13): | -1.16 | |
| Super Trend (3,10): | 145.03 | |
| Zig ZAG (10): | 143.19 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 11.59 | |
| TEMA (21): | 143.93 | |
| Williams %R (14): | -84.10 | |
| Chande Momentum Oscillator (20): | -1.47 | |
| Repulse (5,40,3): | -0.6800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.78 |
| MA7: | 143.78 | |
| MA20: | 143.17 | |
| MA50: | 146.21 | |
| MA100: | 152.11 | |
| MAexp7: | 143.97 | |
| MAexp20: | 144.47 | |
| MAexp50: | 144.46 | |
| MAexp100: | 144.12 | |
| Price / MA7: | -0.33% | |
| Price / MA20: | +0.10% | |
| Price / MA50: | -1.98% | |
| Price / MA100: | -5.79% | |
| Price / MAexp7: | -0.47% | |
| Price / MAexp20: | -0.81% | |
| Price / MAexp50: | -0.80% | |
| Price / MAexp100: | -0.57% |
Quotes :
-
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 Pulls Back from Crucial Level: Forecast & Technical Analysis by Chris Lewis (September 26)
-
USD/JPY Forecast September 25, 2024
-
Dollar Finds Support Against Yen: USD/JPY Forecast & Technical Analysis for by Chris Lewis (09/18)
-
USD/JPY Forecast September 16, 2024
-
USD/JPY Continues to Test Trendlines: Long Term Forecast by Chris Lewis (September 13)
This member declared not having a position on this financial instrument or a related financial instrument.
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