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EUR/JPY
EUR JPY
- JPY (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURJPY
ISIN:

EUR/JPY - 1H - Technical analysis published on 03/14/2022 (GMT)

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

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 129.04 JPY
My targets
129.90 JPY (+0.68)
130.27 JPY (+1.05)
My analysis
EUR/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 129.04 JPY. The next resistance located at 129.90 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 130.27 JPY. After this resistance, buyers could then target 131.71 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
8.8

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.

TheFuss
This analysis was given by TheFuss. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The EUR/JPY rating is 129.22 JPY. The price has increased by +0.95% since the last closing and was between 128.02 JPY and 129.59 JPY. This implies that the price is at +0.94% from its lowest and at -0.29% from its highest.

128.02
129.59
129.22

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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


Technical analysis of EUR/JPY in 1H shows a strongly overall bullish trend. 92.86% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 127.59 128.44 129.04 129.22 130.27 131.71 132.44
Change (%) -1.26% -0.60% -0.14% - +0.81% +1.93% +2.49%
Change -1.63 -0.78 -0.18 - +1.05 +2.49 +3.22
Level Major Major Minor - Minor Intermediate Intermediate



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard126.11126.91127.45128.25128.79129.59130.13
Camarilla127.63127.75127.88128.00128.12128.25128.37
Woodie125.99126.85127.33128.19128.67129.53130.01
Fibonacci126.91127.42127.74128.25128.76129.08129.59


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard120.60122.49125.25127.14129.90131.79134.55
Camarilla126.72127.15127.57128.00128.43128.85129.28
Woodie121.03122.71125.68127.36130.33132.01134.98
Fibonacci122.49124.27125.37127.14128.92130.02131.79


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard121.70124.81126.94130.05132.18135.29137.42
Camarilla127.63128.11128.59129.07129.55130.03130.51
Woodie121.21124.57126.45129.81131.69135.05136.93
Fibonacci124.81126.81128.05130.05132.05133.29135.29

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): 64.86
MACD (12,26,9): 0.2800
Directional Movement: 18.55
AROON (14): 78.57
DEMA (21): 129.05
Parabolic SAR (0,02-0,02-0,2): 128.50
Elder Ray (13): 0.30
Super Trend (3,10): 128.56
Zig ZAG (10): 129.23
VORTEX (21): 1.1800
Stochastique (14,3,5): 75.88
TEMA (21): 129.21
Williams %R (14): -27.13
Chande Momentum Oscillator (20): 0.79
Repulse (5,40,3): 0.1300
ROCnROLL: 1
TRIX (15,9): 0.0200
Courbe Coppock: 1.36
MA7: 127.23
MA20: 128.82
MA50: 129.76
MA100: 129.73
MAexp7: 129.07
MAexp20: 128.72
MAexp50: 128.33
MAexp100: 127.90
Price / MA7: +1.56%
Price / MA20: +0.31%
Price / MA50: -0.42%
Price / MA100: -0.39%
Price / MAexp7: +0.12%
Price / MAexp20: +0.39%
Price / MAexp50: +0.69%
Price / MAexp100: +1.03%

Quotes : - Real time data - Forex

News


The last news published on EUR/JPY at the time of the generation of this analysis was as follows:

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

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