EUR/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	EURJPY
ISIN:

EUR/JPY - 1H - Technical analysis published on 05/17/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

56%

11%

33%

My opinion

Bullish above 167.97 JPY

My targets

169.54 JPY (+0.52)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/JPY as long as the price remains well above 167.97 JPY. The buyers' bullish objective is set at 169.54 JPY. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

6.4

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The EUR/JPY price is 169.02 JPY. The price has increased by +0.08% since the last closing and was between 168.78 JPY and 169.29 JPY. This implies that the price is at +0.14% from its lowest and at -0.16% from its highest.

168.78

169.29

169.02

Here is a more detailed summary of the historical variations registered by EUR/JPY:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this EUR/JPY chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	166.74	167.34	167.97	169.02	169.08	169.54
Change (%)	-1.35%	-0.99%	-0.62%	-	+0.04%	+0.31%
Change	-2.28	-1.68	-1.05	-	+0.06	+0.52
Level	Minor	Major	Minor	-	Minor	Major

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	166.22	166.78	167.83	168.39	169.44	170.00	171.05
Camarilla	168.45	168.60	168.74	168.89	169.04	169.19	169.33
Woodie	166.48	166.90	168.09	168.51	169.70	170.12	171.31
Fibonacci	166.78	167.39	167.77	168.39	169.00	169.38	170.00

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	161.95	163.20	165.49	166.74	169.03	170.28	172.57
Camarilla	166.82	167.14	167.47	167.79	168.12	168.44	168.76
Woodie	162.48	163.46	166.02	167.00	169.56	170.54	173.10
Fibonacci	163.20	164.55	165.38	166.74	168.09	168.92	170.28

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	153.81	158.04	163.16	167.39	172.51	176.74	181.86
Camarilla	165.71	166.57	167.42	168.28	169.14	169.99	170.85
Woodie	154.26	158.26	163.61	167.61	172.96	176.96	182.31
Fibonacci	158.04	161.61	163.82	167.39	170.96	173.17	176.74

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	59.60
MACD (12,26,9):	0.1900
Directional Movement:	7.20
AROON (14):	50.00
DEMA (21):	169.18
Parabolic SAR (0,02-0,02-0,2):	169.28
Elder Ray (13):	0.10
Super Trend (3,10):	168.63
Zig ZAG (10):	169.09
VORTEX (21):	1.2300
Stochastique (14,3,5):	69.50
TEMA (21):	169.29
Williams %R (14):	-42.31
Chande Momentum Oscillator (20):	0.20
Repulse (5,40,3):	-0.0900
ROCnROLL:	1
TRIX (15,9):	0.0200
Courbe Coppock:	0.41

MA7:	168.45
MA20:	167.16
MA50:	165.00
MA100:	162.79
MAexp7:	169.10
MAexp20:	168.94
MAexp50:	168.73
MAexp100:	168.48
Price / MA7:	+0.34%
Price / MA20:	+1.11%
Price / MA50:	+2.44%
Price / MA100:	+3.83%
Price / MAexp7:	-0.05%
Price / MAexp20:	+0.05%
Price / MAexp50:	+0.17%
Price / MAexp100:	+0.32%

Quotes : - Real time data - Forex

News

The latest news and videos published on EUR/JPY at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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