EUR/JPY - Weekly - Technical analysis published on 03/14/2022 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
56%
22%
22%
My opinion
Bullish above 127.59 JPY
My targets
131.71 JPY (+2.12)
133.94 JPY (+4.35)
My analysis
A bullish trend on EUR/JPY both in substance and in the short term. A purchase could be considered as long as the price remains above 127.59 JPY. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 131.71 JPY. Then the price could move towards 133.94 JPY. Then 137.29 JPY by extension. Be careful, a return below 127.59 JPY would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
4.3
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This analysis was given by TheFuss. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/JPY price is 129.59 JPY. The price is up +3.37% over 5 days with the lowest point at 127.42 JPY and the highest point at 129.04 JPY. The deviation from the price is +1.70% for the low point and +0.43% for the high point.127.42
129.04
129.59
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 Weekly of this EUR/JPY chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Weekly
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Weekly
In fact, of the 18 technical indicators analysed by Central Analyzer, 10 are bullish, 4 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 122.85 | 125.36 | 127.59 | 129.59 | 131.71 | 133.94 | 137.29 |
| Change (%) | -5.20% | -3.26% | -1.54% | - | +1.64% | +3.36% | +5.94% |
| Change | -6.74 | -4.23 | -2.00 | - | +2.12 | +4.35 | +7.70 |
| Level | Intermediate | Major | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 126.11 | 126.91 | 127.45 | 128.25 | 128.79 | 129.59 | 130.13 |
| Camarilla | 127.63 | 127.75 | 127.88 | 128.00 | 128.12 | 128.25 | 128.37 |
| Woodie | 125.99 | 126.85 | 127.33 | 128.19 | 128.67 | 129.53 | 130.01 |
| Fibonacci | 126.91 | 127.42 | 127.74 | 128.25 | 128.76 | 129.08 | 129.59 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 120.60 | 122.49 | 125.25 | 127.14 | 129.90 | 131.79 | 134.55 |
| Camarilla | 126.72 | 127.15 | 127.57 | 128.00 | 128.43 | 128.85 | 129.28 |
| Woodie | 121.03 | 122.71 | 125.68 | 127.36 | 130.33 | 132.01 | 134.98 |
| Fibonacci | 122.49 | 124.27 | 125.37 | 127.14 | 128.92 | 130.02 | 131.79 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 121.70 | 124.81 | 126.94 | 130.05 | 132.18 | 135.29 | 137.42 |
| Camarilla | 127.63 | 128.11 | 128.59 | 129.07 | 129.55 | 130.03 | 130.51 |
| Woodie | 121.21 | 124.57 | 126.45 | 129.81 | 131.69 | 135.05 | 136.93 |
| Fibonacci | 124.81 | 126.81 | 128.05 | 130.05 | 132.05 | 133.29 | 135.29 |
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): | 50.02 | |
| MACD (12,26,9): | -0.2900 | |
| Directional Movement: | -8.36 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 129.16 | |
| Parabolic SAR (0,02-0,02-0,2): | 132.65 | |
| Elder Ray (13): | -0.49 | |
| Super Trend (3,10): | 133.07 | |
| Zig ZAG (10): | 129.57 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 35.55 | |
| TEMA (21): | 128.77 | |
| Williams %R (14): | -40.59 | |
| Chande Momentum Oscillator (20): | 0.17 | |
| Repulse (5,40,3): | 1.9100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.20 |
| MA7: | 127.28 | |
| MA20: | 128.84 | |
| MA50: | 129.76 | |
| MA100: | 129.74 | |
| MAexp7: | 129.01 | |
| MAexp20: | 129.47 | |
| MAexp50: | 129.23 | |
| MAexp100: | 127.99 | |
| Price / MA7: | +1.81% | |
| Price / MA20: | +0.58% | |
| Price / MA50: | -0.13% | |
| Price / MA100: | -0.12% | |
| Price / MAexp7: | +0.45% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | +0.28% | |
| Price / MAexp100: | +1.25% |
Quotes :
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Real time data
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Forex
News
Don't forget to follow the news on EUR/JPY. At the time of publication of this analysis, the latest news was as follows:
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Technical Analysis: 09/03/2022 - EURJPY stages upside reversal after harsh sell-off
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Technical Analysis: 01/03/2022 - EURJPY recovers the gap, but negative risks not faded yet
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Technical Analysis: 22/02/2022 - EURJPY buyers contest decline and break of MAs
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Technical Analysis: 08/02/2022 - EURJPY battles with 131.60, below falling trend line
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Technical Analysis: 01/02/2022 - EURJPY rebounds ahead of 128 handle, neutral tone prevails
This member declared not having a position on this financial instrument or a related financial instrument.
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