SYM: USDJPY-H4
Time: 2020/02/05 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)).................... 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, 117 candles ago, and confirmed at 109.009,100 candles ago. This Line confirmed three more times, the last one at 107.294, 5 candles ago. A break above this trend line (particularly on heavy volume) would be a Bullish sign.
o USDJPY_H4 broke above the Mid Bearish-LTTL1, at 107.533, 59 candles ago. This is a Bullish sign. This broken downtrend line may now provide downside support. The volume on the candle of the breakout was quite light (60% below average).
o USDJPY_H4 broke above the Mid Bearish-LTTL2, at 107.552, 49 candles ago. This is a Bullish sign. The 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 in 20, 15 and 10 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, 43 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, 28 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 downtrend line in the Short Term for USDJPY_H4 is Weak Bearish-MTTL. It was made at 106.3846, 9 candles ago.
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 107.655, 28 candles ago. This is a Bearish sign. This moving average line may now provide Upside Resistance.
• The close is currently below its 90 periods moving average. Prices broke below 90 periods moving average at 108.989, 113 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 108.989, 107.912 candles ago. This is a Bearish sign. This moving average line may now provide Upside Resistance.
• Supports and Resistance
Supports
Price-------------------------- Power
106.813.................... Weak/A
106.530.................... Weak/B
106.096.................... Weak/B
105.901.................... Weak/B
105.358.................... Mid
Resistances
Price------------------------- Power
107.048.................... Weak/A
107.255.................... Mid
107.570.................... Weak/A
107.792..................... Mid
107.976.................... Mid
o USDJPY_H4 broke below the downside Support level of 107.225, 27 candles ago. This is a bearish sign. The previous resistance level of 110.23 may now provide downside Support.
o The most recently confirmed downside Mid Support level for USDJPY_H4 is around 105.358, and we will expect that price has some difficulties to fall below this level. A break below this level (particularly on heavy volume) would be a Bearish sign.
o The most recently confirmed upside Mid Resistance level for USDJPY_H4 is around 107.255, and we will expect that price has some difficulties to break up this level.
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: 2020/02/05 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)).................... 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, 117 candles ago, and confirmed at 109.009,100 candles ago. This Line confirmed three more times, the last one at 107.294, 5 candles ago. A break above this trend line (particularly on heavy volume) would be a Bullish sign.
o USDJPY_H4 broke above the Mid Bearish-LTTL1, at 107.533, 59 candles ago. This is a Bullish sign. This broken downtrend line may now provide downside support. The volume on the candle of the breakout was quite light (60% below average).
o USDJPY_H4 broke above the Mid Bearish-LTTL2, at 107.552, 49 candles ago. This is a Bullish sign. The 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 in 20, 15 and 10 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, 43 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, 28 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 downtrend line in the Short Term for USDJPY_H4 is Weak Bearish-MTTL. It was made at 106.3846, 9 candles ago.
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 107.655, 28 candles ago. This is a Bearish sign. This moving average line may now provide Upside Resistance.
• The close is currently below its 90 periods moving average. Prices broke below 90 periods moving average at 108.989, 113 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 108.989, 107.912 candles ago. This is a Bearish sign. This moving average line may now provide Upside Resistance.
• Supports and Resistance
Supports
Price-------------------------- Power
106.813.................... Weak/A
106.530.................... Weak/B
106.096.................... Weak/B
105.901.................... Weak/B
105.358.................... Mid
Resistances
Price------------------------- Power
107.048.................... Weak/A
107.255.................... Mid
107.570.................... Weak/A
107.792..................... Mid
107.976.................... Mid
o USDJPY_H4 broke below the downside Support level of 107.225, 27 candles ago. This is a bearish sign. The previous resistance level of 110.23 may now provide downside Support.
o The most recently confirmed downside Mid Support level for USDJPY_H4 is around 105.358, and we will expect that price has some difficulties to fall below this level. A break below this level (particularly on heavy volume) would be a Bearish sign.
o The most recently confirmed upside Mid Resistance level for USDJPY_H4 is around 107.255, and we will expect that price has some difficulties to break up this level.
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.