SYM: USDJPY-H4
Time: 2020/05/10 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)................ Mid Bullish
Mid (MTTL)................ Strong Bearish
Long(LTTL)................ Strong Bearish
o The most recently confirmed downtrend line in the Long Term for USDJPY_H4 is Strong Bearish-LTTL. It was made at 109.312, 147 candles ago and confirmed at 109.009,130 candles ago. This Line confirmed three more times that the last one at 107.294, 35 candle ago. A break above this trend line (particularly on heavy volume) would be a Bullish sign.
o USDJPY_H4 broke above the Mid Bearish-LTTL, at 107.552, 79 candles ago. This is a Bullish sign. Volume on the candle of the breakout was quite light (60% below average). This broken downtrend line may now provide downside support. This Line Played Support role on 50, 45 and 40 candles ago.
o The most recently confirmed downtrend line in the Mid Term for USDJPY_H4 is Strong Bearish-MTTL. It was made at 107.966, 67 candles ago. This line is exactly on Strong Bearish-LTTL and this event can make it stronger more than ever. 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, 58 candles ago. This is a Bullish sign. 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 downtrend line in the Short Term for USDJPY_H4 is Mid Bullish STTL. It was made at 105.965, 13 candles ago.
o The current market condition for USDJPY_H4 is: Bearish
• The close is currently above its 30 periods moving average. Prices broke above 30 periods moving average at 106.524, 3 candles ago. This is a Weak Bullish sign. This moving average line may now provide Downside Support.
• The close is currently below its 90 periods moving average. Prices broke below 90 periods moving average at 108.989, 143 candles ago. This is a Bearish sign. This moving average line may now provide Upside Resistance.
• The close is currently below its 120 periods moving average. Prices broke below 120 periods moving average at 107.915, 125 candles ago. This is a Bearish sign. This moving average line may now provide Upside Resistance.
• Supports and Resistance
Supports .....................................................Resistances
Price.................. Power .......................... Price Power
106.530.............. Weak .......................... 106.813 Weak
106.096.............. Very Weak .................... 107.048 Weak
105.901.............. Weak.......................... 107.255 Mid
105.358.............. Mid............................. 107.570 Weak
105.077.............. Extremely Weak............. 107.792 Mid
• Supports
o USDJPY_H4 broke above the Upside Weak Resistance level of 106.530, 3 candles ago. The previous Resistance level of 106.530 may now provide downside Support. The volume on the candle of the breakout was So Light (53% below average).
o USDJPY_H4 broke above the Upside Very Weak Resistance level of 106.096, 11 candles ago. The previous Resistance level of 106.096 may now provide downside Support. The volume on the candle of the breakout was So Light (70% below average). This level is an Important for traders.
o USDJPY_H4 broke above the Upside Weak Resistance level of 105.901, 233 candles ago. The previous Resistance level of 105.901 may now provide downside Support. The volume on the candle of the breakout was so heavy (157% below average).
o The most recently confirmed downside Mid Support level for USDJPY_H4 is around 105.358. EURUSD_H4 broke above this level on 244 candles ago. We will expected that price has some difficulties to break down this level. Break below this level (particularly on heavy volume) is a Bearish sign.
o USDJPY_H4 broke above the Upside Extremely Weak Resistance level of 105.77, 244 candles ago. The previous Resistance level of 105.901 may now provide downside Support.
• Resistances
o USDJPY_H4 broke below the Downside Weak Support level of 106.813, 24 candles ago. The previous Support level of 106.813 may now provide upside Resistance. The volume on the candle of the breakout was so light (50% below average).
o USDJPY_H4 broke below the Downside Weak Support level of 107.048, 50 candles ago. The previous Support level of 107.048 may now provide upside Resistance. The volume on the candle of the breakout was quite light (35% below average).
o The most recently confirmed upside Mid Resistance level for USDJPY_H4 is around 107.255. USDJPY_H4 broke below this level on 51 candles ago. This level is an important for traders. The volume on the candle of the breakout was quite light (30% below average). We will expected that 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 Weak Support level of 107.570, 58 candles ago. The previous Support level of 107.570 may now provide upside Resistance. The volume on the candle of the breakout was quite light (35% below average).
o The Second recently confirmed upside Mid Resistance level for USDJPY_H4 is around 107.792. USDJPY_H4 broke down this level on 115 candles ago. The volume on the candle of the breakout was Heavy (23% below average). We will expected that 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 86.3122. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 the last signal was a Bullish, 11 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 56.46. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a Bullish, 49 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 152.This is an overbought reading. However, a signal isn't generated until the indicator crosses below 100. The last signal was a Bullish 11 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, 8 period(s) ago.
www.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: 2020/05/10 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)................ Mid Bullish
Mid (MTTL)................ Strong Bearish
Long(LTTL)................ Strong Bearish
o The most recently confirmed downtrend line in the Long Term for USDJPY_H4 is Strong Bearish-LTTL. It was made at 109.312, 147 candles ago and confirmed at 109.009,130 candles ago. This Line confirmed three more times that the last one at 107.294, 35 candle ago. A break above this trend line (particularly on heavy volume) would be a Bullish sign.
o USDJPY_H4 broke above the Mid Bearish-LTTL, at 107.552, 79 candles ago. This is a Bullish sign. Volume on the candle of the breakout was quite light (60% below average). This broken downtrend line may now provide downside support. This Line Played Support role on 50, 45 and 40 candles ago.
o The most recently confirmed downtrend line in the Mid Term for USDJPY_H4 is Strong Bearish-MTTL. It was made at 107.966, 67 candles ago. This line is exactly on Strong Bearish-LTTL and this event can make it stronger more than ever. 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, 58 candles ago. This is a Bullish sign. 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 downtrend line in the Short Term for USDJPY_H4 is Mid Bullish STTL. It was made at 105.965, 13 candles ago.
o The current market condition for USDJPY_H4 is: Bearish
• The close is currently above its 30 periods moving average. Prices broke above 30 periods moving average at 106.524, 3 candles ago. This is a Weak Bullish sign. This moving average line may now provide Downside Support.
• The close is currently below its 90 periods moving average. Prices broke below 90 periods moving average at 108.989, 143 candles ago. This is a Bearish sign. This moving average line may now provide Upside Resistance.
• The close is currently below its 120 periods moving average. Prices broke below 120 periods moving average at 107.915, 125 candles ago. This is a Bearish sign. This moving average line may now provide Upside Resistance.
• Supports and Resistance
Supports .....................................................Resistances
Price.................. Power .......................... Price Power
106.530.............. Weak .......................... 106.813 Weak
106.096.............. Very Weak .................... 107.048 Weak
105.901.............. Weak.......................... 107.255 Mid
105.358.............. Mid............................. 107.570 Weak
105.077.............. Extremely Weak............. 107.792 Mid
• Supports
o USDJPY_H4 broke above the Upside Weak Resistance level of 106.530, 3 candles ago. The previous Resistance level of 106.530 may now provide downside Support. The volume on the candle of the breakout was So Light (53% below average).
o USDJPY_H4 broke above the Upside Very Weak Resistance level of 106.096, 11 candles ago. The previous Resistance level of 106.096 may now provide downside Support. The volume on the candle of the breakout was So Light (70% below average). This level is an Important for traders.
o USDJPY_H4 broke above the Upside Weak Resistance level of 105.901, 233 candles ago. The previous Resistance level of 105.901 may now provide downside Support. The volume on the candle of the breakout was so heavy (157% below average).
o The most recently confirmed downside Mid Support level for USDJPY_H4 is around 105.358. EURUSD_H4 broke above this level on 244 candles ago. We will expected that price has some difficulties to break down this level. Break below this level (particularly on heavy volume) is a Bearish sign.
o USDJPY_H4 broke above the Upside Extremely Weak Resistance level of 105.77, 244 candles ago. The previous Resistance level of 105.901 may now provide downside Support.
• Resistances
o USDJPY_H4 broke below the Downside Weak Support level of 106.813, 24 candles ago. The previous Support level of 106.813 may now provide upside Resistance. The volume on the candle of the breakout was so light (50% below average).
o USDJPY_H4 broke below the Downside Weak Support level of 107.048, 50 candles ago. The previous Support level of 107.048 may now provide upside Resistance. The volume on the candle of the breakout was quite light (35% below average).
o The most recently confirmed upside Mid Resistance level for USDJPY_H4 is around 107.255. USDJPY_H4 broke below this level on 51 candles ago. This level is an important for traders. The volume on the candle of the breakout was quite light (30% below average). We will expected that 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 Weak Support level of 107.570, 58 candles ago. The previous Support level of 107.570 may now provide upside Resistance. The volume on the candle of the breakout was quite light (35% below average).
o The Second recently confirmed upside Mid Resistance level for USDJPY_H4 is around 107.792. USDJPY_H4 broke down this level on 115 candles ago. The volume on the candle of the breakout was Heavy (23% below average). We will expected that 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 86.3122. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 the last signal was a Bullish, 11 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 56.46. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a Bullish, 49 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 152.This is an overbought reading. However, a signal isn't generated until the indicator crosses below 100. The last signal was a Bullish 11 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, 8 period(s) ago.
www.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.