USDJPY-H4 - Trend analysis 2020/05/17
SYM: USDJPY-H4
Time: 2020/05/17 00:00:00 UTC
Trend Analysis
This analysis will be expired by taking place a week after this date or breaking the largest resistance, the smallest support or the long term trend.
• Trend’s Analysis
Term .................... Trend
Short (STTL) .................... Weak Bullish
Mid (MTTL) .................... Mid Bearish
Long(LTTL) .................... Mid Bearish
o The most recently confirmed downtrend line in the Long Term for USDJPY_H4 is Mid Bearish-LTTL. It was made at 109.312, 177 candles ago, and confirmed at 107.685,25 candles ago. A break above this trend line (particularly on heavy volume) would be a Bullish sign.
o USDJPY_H4 broke below the Strong Bullish-MTTL, at 107.471, 88 candles ago. This is a Bullish sign. The volume on the candle of the breakout was heavy (142% above average). This broken downtrend line may now provide downside support.
o The most recently confirmed uptrend line in the Mid Term for USDJPY_H4 is Mid Bullish-MTTL. It was made at 106.000, 41 candles ago. It confirmed at 106.792, 41 candles ago and 106.922, 2 candles ago. A break below this trend line (particularly on heavy volume) would be a Bearish sign.
o USDJPY_H4 broke above the Strong Bearish-LTTL, at 106.807, 30 candles ago. This is a Bullish sign. The volume on the candle of the breakout was so light (70% below average). This broken downtrend line may now provide downside support.
o USDJPY_H4 broke below the Mid Bullish-MTTL, at 107.031, 14 candles ago. This is a Bearish sign. The volume on the candle of the breakout was neither heavy nor light (7% below average). This broken downtrend line may now provide downside support.
o The current market condition for USDJPY_H4 is: Bearish
• The close is currently below its 30 periods moving average. Prices broke below 30 periods moving average at 107.165, on the last candle. This is not a Weak Bullish sign. This moving average line playing Downside Support role now.
• The close is currently above its 90 periods moving average. Prices broke below 90 periods moving average at 106.897, 8 candles ago. This is a Bearish sign. This moving average line may now provide Upside Resistance. It played this role at 106.888,2 candles ago.
• The close is currently below its 200 periods moving average. Prices broke below 200 periods moving average at 107.915, 155 candles ago. This is a Bearish sign. This moving average line may now provide Upside Resistance. It played this role at 107.708,24 candles ago.
• Supports and Resistance
Supports
Price .................... Power
107.048 .................... Weak
106.813 .................... Mid
106.530 .................... Very Weak
105.901 .................... Weak
105.358 .................... Mid
• Supports
o The most recently confirmed downside Weak Support level for USDJPY_H4 is around 107.048. USDJPY_H4 broke above this level on 1 candle ago.
o The most recently confirmed downside Mid Support level for USDJPY_H4 is around 106.813. USDJPY_H4 broke above this level on 29 candles ago. We will expect that price has some difficulties to break down this level. Break below this level (particularly on heavy volume) is a Bearish sign.
o The most recently confirmed downside Very Weak Support level for USDJPY_H4 is around 106.530. USDJPY_H4 broke above this level on 32 candles ago.
o USDJPY_H4 broke above the Upside Weak Resistance level of 105.901, 263 candles ago. The previous resistance level of 105.901 may now provide downside Weak Support. The volume on the candle of the breakout was So Light (53% below average).
o USDJPY_H4 broke above the Upside Mid Resistance level of 105.358, 274 candles ago. The previous resistance level of 105.358 may now provide downside Mid Support. We will be expected that the price has some difficulties to break down this level. Break below this level (particularly on heavy volume) is a Bearish sign.
• Resistances
Price .................... Power
107.255 .................... Mid
107.570 .................... Weak
107.792 .................... Mid
107.976 .................... Mid
108.317 .................... Mid
o The most recently confirmed upside Mid Resistance level for USDJPY_H4 is around 107.255. USDJPY_H4 broke below this level on 1 candle ago. This level is important for traders. The volume on the candle of the breakout was neither heavy nor light (17% below average). We will be expected that the price has some difficulties to break up this level. Break below this level (particularly on heavy volume) is a Bullish sign.
o The most recently confirmed upside Weak Resistance level for USDJPY_H4 is around 107.570. USDJPY_H4 broke below this level on 18 candles ago. This level is important for traders. The volume on the candle of the breakout was so light (62% below average). We will be expected that the price has some difficulties to break up this level.
o USDJPY_H4 broke below the Downside Mid Support level of 107.792, 145 candles ago. The previous Support level of 107.792 may now provide upside Mid Resistance. We will be expected that the price has some difficulties to break up this level. Break below this level (particularly on heavy volume) is a Bullish sign.
o USDJPY_H4 broke below the Downside Mid Support level of 107.976, 148 candles ago. The previous Support level of 107.976 may now provide upside Mid Resistance. We will be expected that the price has some difficulties to break up this level. Break below this level (particularly on heavy volume) is a Bullish sign.
o USDJPY_H4 broke below the Downside Mid Support level of 108.317, 149 candles ago. The previous Support level of 108.317 may now provide upside Mid Resistance. We will be expected that the price has some difficulties to break up this level. Break below this level (particularly on heavy volume) is a Bullish sign.
• Momentum Indicators
o Stochastic Oscillator
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 48.0899. This is not an overbought or oversold reading. The last signal was a Bearish, 4 candles ago.
o Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 52.55. This is not a topping or bottoming area. A bullish or Bearish signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a Bearish, 23 candles ago.
o Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 74. This is not a topping or bottoming area. The last signal was a Bearish, 3 candles ago.
o MACD
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9-period signal line. The last signal was a Bullish, 1 candles ago Crossovers
Currently the MACD is Bearish since it is trading below its signal line. The MACD crossed below its signal line 3 period(s) ago. Since the MACD crossed its moving average, USDJPY_H4's price has increased by 0.10% and has ranged from a high of 107.364 to a low of 106.847.
Overbought/Oversold
The MACD is not in an Overbought/Oversold range.
http://fxorbital.com/
This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. Orbital accepts no liability whatsoever for any loss arising from any use of this analysis or its contents.
Time: 2020/05/17 00:00:00 UTC
Trend Analysis
This analysis will be expired by taking place a week after this date or breaking the largest resistance, the smallest support or the long term trend.
• Trend’s Analysis
Term .................... Trend
Short (STTL) .................... Weak Bullish
Mid (MTTL) .................... Mid Bearish
Long(LTTL) .................... Mid Bearish
o The most recently confirmed downtrend line in the Long Term for USDJPY_H4 is Mid Bearish-LTTL. It was made at 109.312, 177 candles ago, and confirmed at 107.685,25 candles ago. A break above this trend line (particularly on heavy volume) would be a Bullish sign.
o USDJPY_H4 broke below the Strong Bullish-MTTL, at 107.471, 88 candles ago. This is a Bullish sign. The volume on the candle of the breakout was heavy (142% above average). This broken downtrend line may now provide downside support.
o The most recently confirmed uptrend line in the Mid Term for USDJPY_H4 is Mid Bullish-MTTL. It was made at 106.000, 41 candles ago. It confirmed at 106.792, 41 candles ago and 106.922, 2 candles ago. A break below this trend line (particularly on heavy volume) would be a Bearish sign.
o USDJPY_H4 broke above the Strong Bearish-LTTL, at 106.807, 30 candles ago. This is a Bullish sign. The volume on the candle of the breakout was so light (70% below average). This broken downtrend line may now provide downside support.
o USDJPY_H4 broke below the Mid Bullish-MTTL, at 107.031, 14 candles ago. This is a Bearish sign. The volume on the candle of the breakout was neither heavy nor light (7% below average). This broken downtrend line may now provide downside support.
o The current market condition for USDJPY_H4 is: Bearish
• The close is currently below its 30 periods moving average. Prices broke below 30 periods moving average at 107.165, on the last candle. This is not a Weak Bullish sign. This moving average line playing Downside Support role now.
• The close is currently above its 90 periods moving average. Prices broke below 90 periods moving average at 106.897, 8 candles ago. This is a Bearish sign. This moving average line may now provide Upside Resistance. It played this role at 106.888,2 candles ago.
• The close is currently below its 200 periods moving average. Prices broke below 200 periods moving average at 107.915, 155 candles ago. This is a Bearish sign. This moving average line may now provide Upside Resistance. It played this role at 107.708,24 candles ago.
• Supports and Resistance
Supports
Price .................... Power
107.048 .................... Weak
106.813 .................... Mid
106.530 .................... Very Weak
105.901 .................... Weak
105.358 .................... Mid
• Supports
o The most recently confirmed downside Weak Support level for USDJPY_H4 is around 107.048. USDJPY_H4 broke above this level on 1 candle ago.
o The most recently confirmed downside Mid Support level for USDJPY_H4 is around 106.813. USDJPY_H4 broke above this level on 29 candles ago. We will expect that price has some difficulties to break down this level. Break below this level (particularly on heavy volume) is a Bearish sign.
o The most recently confirmed downside Very Weak Support level for USDJPY_H4 is around 106.530. USDJPY_H4 broke above this level on 32 candles ago.
o USDJPY_H4 broke above the Upside Weak Resistance level of 105.901, 263 candles ago. The previous resistance level of 105.901 may now provide downside Weak Support. The volume on the candle of the breakout was So Light (53% below average).
o USDJPY_H4 broke above the Upside Mid Resistance level of 105.358, 274 candles ago. The previous resistance level of 105.358 may now provide downside Mid Support. We will be expected that the price has some difficulties to break down this level. Break below this level (particularly on heavy volume) is a Bearish sign.
• Resistances
Price .................... Power
107.255 .................... Mid
107.570 .................... Weak
107.792 .................... Mid
107.976 .................... Mid
108.317 .................... Mid
o The most recently confirmed upside Mid Resistance level for USDJPY_H4 is around 107.255. USDJPY_H4 broke below this level on 1 candle ago. This level is important for traders. The volume on the candle of the breakout was neither heavy nor light (17% below average). We will be expected that the price has some difficulties to break up this level. Break below this level (particularly on heavy volume) is a Bullish sign.
o The most recently confirmed upside Weak Resistance level for USDJPY_H4 is around 107.570. USDJPY_H4 broke below this level on 18 candles ago. This level is important for traders. The volume on the candle of the breakout was so light (62% below average). We will be expected that the price has some difficulties to break up this level.
o USDJPY_H4 broke below the Downside Mid Support level of 107.792, 145 candles ago. The previous Support level of 107.792 may now provide upside Mid Resistance. We will be expected that the price has some difficulties to break up this level. Break below this level (particularly on heavy volume) is a Bullish sign.
o USDJPY_H4 broke below the Downside Mid Support level of 107.976, 148 candles ago. The previous Support level of 107.976 may now provide upside Mid Resistance. We will be expected that the price has some difficulties to break up this level. Break below this level (particularly on heavy volume) is a Bullish sign.
o USDJPY_H4 broke below the Downside Mid Support level of 108.317, 149 candles ago. The previous Support level of 108.317 may now provide upside Mid Resistance. We will be expected that the price has some difficulties to break up this level. Break below this level (particularly on heavy volume) is a Bullish sign.
• Momentum Indicators
o Stochastic Oscillator
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 48.0899. This is not an overbought or oversold reading. The last signal was a Bearish, 4 candles ago.
o Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 52.55. This is not a topping or bottoming area. A bullish or Bearish signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a Bearish, 23 candles ago.
o Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 74. This is not a topping or bottoming area. The last signal was a Bearish, 3 candles ago.
o MACD
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9-period signal line. The last signal was a Bullish, 1 candles ago Crossovers
Currently the MACD is Bearish since it is trading below its signal line. The MACD crossed below its signal line 3 period(s) ago. Since the MACD crossed its moving average, USDJPY_H4's price has increased by 0.10% and has ranged from a high of 107.364 to a low of 106.847.
Overbought/Oversold
The MACD is not in an Overbought/Oversold range.
http://fxorbital.com/
This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. Orbital accepts no liability whatsoever for any loss arising from any use of this analysis or its contents.
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