USD/JPY - 15 min. - Technical analysis published on 03/13/2020 (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
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 104.62 JPY
My targets
106.15 JPY (+1.04)
107.63 JPY (+2.52)
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 104.62 JPY. The next resistance located at 106.15 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 107.63 JPY. After this resistance, buyers could then target 109.16 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.
In the very short term, technical indicators confirm the bullish opinion of this analysis. 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 dbranez. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/JPY price is 105.11 JPY. On the day, this instrument lost +0.42% and was between 104.66 JPY and 105.21 JPY. This implies that the price is at +0.43% from its lowest and at -0.10% from its highest.104.66
105.21
105.11
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
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
Abnormal volumes on USD/JPY were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of USD/JPY in 15 min. shows a strongly overall bullish trend. 89.29% 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 scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 15 minutes
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of triangle is broken
Type : Bearish
Timeframe : 15 minutes
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 | 101.99 | 103.07 | 104.74 | 105.11 | 105.39 | 107.17 | 107.92 |
| Change (%) | -2.97% | -1.94% | -0.35% | - | +0.27% | +1.96% | +2.67% |
| Change | -3.12 | -2.04 | -0.37 | - | +0.28 | +2.06 | +2.81 |
| Level | Minor | Intermediate | Major | - | Major | Major | Intermediate |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 100.13 | 101.61 | 103.14 | 104.62 | 106.15 | 107.63 | 109.16 |
| Camarilla | 103.84 | 104.12 | 104.39 | 104.67 | 104.95 | 105.22 | 105.50 |
| Woodie | 100.16 | 101.62 | 103.17 | 104.63 | 106.18 | 107.64 | 109.19 |
| Fibonacci | 101.61 | 102.76 | 103.47 | 104.62 | 105.77 | 106.48 | 107.63 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 100.46 | 102.72 | 104.05 | 106.31 | 107.64 | 109.90 | 111.23 |
| Camarilla | 104.38 | 104.71 | 105.04 | 105.37 | 105.70 | 106.03 | 106.36 |
| Woodie | 99.99 | 102.49 | 103.58 | 106.08 | 107.17 | 109.67 | 110.76 |
| Fibonacci | 102.72 | 104.10 | 104.94 | 106.31 | 107.69 | 108.53 | 109.90 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 101.56 | 104.54 | 106.28 | 109.26 | 111.00 | 113.98 | 115.72 |
| Camarilla | 106.73 | 107.17 | 107.60 | 108.03 | 108.46 | 108.90 | 109.33 |
| Woodie | 100.95 | 104.23 | 105.67 | 108.95 | 110.39 | 113.67 | 115.11 |
| Fibonacci | 104.54 | 106.34 | 107.45 | 109.26 | 111.06 | 112.17 | 113.98 |
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): | 54.51 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 4.76 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 104.96 | |
| Parabolic SAR (0,02-0,02-0,2): | 104.69 | |
| Elder Ray (13): | 0.12 | |
| Super Trend (3,10): | 104.55 | |
| Zig ZAG (10): | 105.09 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 79.34 | |
| TEMA (21): | 104.96 | |
| Williams %R (14): | -15.49 | |
| Chande Momentum Oscillator (20): | 0.34 | |
| Repulse (5,40,3): | 0.1600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.41 |
| MA7: | 104.87 | |
| MA20: | 108.05 | |
| MA50: | 108.90 | |
| MA100: | 108.93 | |
| MAexp7: | 105.01 | |
| MAexp20: | 104.94 | |
| MAexp50: | 104.85 | |
| MAexp100: | 104.69 | |
| Price / MA7: | +0.23% | |
| Price / MA20: | -2.72% | |
| Price / MA50: | -3.48% | |
| Price / MA100: | -3.51% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | +0.16% | |
| Price / MAexp50: | +0.25% | |
| Price / MAexp100: | +0.40% |
News
The last news published on USD/JPY at the time of the generation of this analysis was as follows:
-
USD/JPY Technical Analysis for March 13, 2020 by FXEmpire
-
USD/JPY Technical Analysis for March 12, 2020 by FXEmpire
-
USD/JPY Technical Analysis for March 11, 2020 by FXEmpire
-
USD/JPY Technical Analysis for March 10, 2020 by FXEmpire
-
USD/JPY Technical Analysis for the week of March 9, 2020 by FXEmpire
This member declared not having a position on this financial instrument or a related financial instrument.
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