EUR/JPY - 15 min. - Technical analysis published on 10/13/2022 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 142.18 JPY
My targets
143.37 JPY (+0.42)
144.09 JPY (+1.14)
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 142.18 JPY. The next resistance located at 143.37 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 144.09 JPY. After this resistance, buyers could then target 144.10 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
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This analysis was given by Rachid007. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/JPY price is 142.95 JPY. On the day, this instrument gained +0.36% and was between 142.20 JPY and 143.04 JPY. This implies that the price is at +0.53% from its lowest and at -0.06% from its highest.142.20
143.04
142.95
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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
Technical analysis of this 15 min. chart of EUR/JPY indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 15 minutes
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 15 minutes
Resistance of channel is broken
Type : Bullish
Timeframe : 15 minutes
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 141.36 | 142.01 | 142.64 | 142.95 | 143.46 | 144.10 | 149.26 |
| Change (%) | -1.11% | -0.66% | -0.22% | - | +0.36% | +0.80% | +4.41% |
| Change | -1.59 | -0.94 | -0.31 | - | +0.51 | +1.15 | +6.31 |
| Level | Minor | Intermediate | Minor | - | Minor | Major | Minor |
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 | 140.52 | 140.99 | 141.71 | 142.18 | 142.90 | 143.37 | 144.09 |
| Camarilla | 142.11 | 142.22 | 142.33 | 142.44 | 142.55 | 142.66 | 142.77 |
| Woodie | 140.66 | 141.05 | 141.85 | 142.24 | 143.04 | 143.43 | 144.23 |
| Fibonacci | 140.99 | 141.44 | 141.72 | 142.18 | 142.63 | 142.91 | 143.37 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 137.62 | 139.40 | 140.52 | 142.30 | 143.42 | 145.20 | 146.32 |
| Camarilla | 140.83 | 141.10 | 141.36 | 141.63 | 141.90 | 142.16 | 142.43 |
| Woodie | 137.28 | 139.24 | 140.18 | 142.14 | 143.08 | 145.04 | 145.98 |
| Fibonacci | 139.40 | 140.51 | 141.20 | 142.30 | 143.41 | 144.10 | 145.20 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 129.36 | 133.37 | 137.62 | 141.63 | 145.88 | 149.89 | 154.14 |
| Camarilla | 139.60 | 140.36 | 141.11 | 141.87 | 142.63 | 143.38 | 144.14 |
| Woodie | 129.48 | 133.43 | 137.74 | 141.69 | 146.00 | 149.95 | 154.26 |
| Fibonacci | 133.37 | 136.53 | 138.48 | 141.63 | 144.79 | 146.74 | 149.89 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 63.74 | |
| MACD (12,26,9): | 0.1100 | |
| Directional Movement: | 15.87 | |
| AROON (14): | 35.72 | |
| DEMA (21): | 142.85 | |
| Parabolic SAR (0,02-0,02-0,2): | 142.67 | |
| Elder Ray (13): | 0.16 | |
| Super Trend (3,10): | 142.51 | |
| Zig ZAG (10): | 142.91 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 77.60 | |
| TEMA (21): | 142.92 | |
| Williams %R (14): | -4.92 | |
| Chande Momentum Oscillator (20): | 0.42 | |
| Repulse (5,40,3): | 0.0800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.57 |
| MA7: | 142.17 | |
| MA20: | 141.67 | |
| MA50: | 140.16 | |
| MA100: | 140.02 | |
| MAexp7: | 142.85 | |
| MAexp20: | 142.72 | |
| MAexp50: | 142.58 | |
| MAexp100: | 142.44 | |
| Price / MA7: | +0.55% | |
| Price / MA20: | +0.90% | |
| Price / MA50: | +1.99% | |
| Price / MA100: | +2.09% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.16% | |
| Price / MAexp50: | +0.26% | |
| Price / MAexp100: | +0.36% |
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:
-
Technical Analysis: 11/10/2022 - EURJPY is capped by 20-day SMA in the short-term
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Technical Analysis: 04/10/2022 - EURJPY strengthens bullish bias above 20-SMA
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Technical Analysis: 27/09/2022 - EURJPY battles with 50-day SMA as decline halts
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Technical Analysis: 20/09/2022 - EURJPY aims for higher highs; June’s resistance in focus
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Technical Analysis: 06/09/2022 - EURJPY edges higher as positive momentum intensifies
This member declared not having a position on this financial instrument or a related financial instrument.
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