EUR/JPY - 15 min. - Technical analysis published on 06/20/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 155.00 JPY
My targets
154.32 JPY (-0.10)
153.98 JPY (-0.44)
My analysis
The bearish trend is currently very strong for EUR/JPY. As long as the price remains below the resistance at 155.00 JPY, you could try to take advantage of the bearish rally. The first bearish objective is located at 154.32 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 153.98 JPY as an objective. Crossing it would then enable sellers to target 153.09 JPY. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.5
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Additional analysis
Quotes
EUR/JPY rating 154.42 JPY. The price is lower by -0.38% since the last closing and was between 154.33 JPY and 155.39 JPY. This implies that the price is at +0.06% from its lowest and at -0.62% from its highest.154.33
155.39
154.42
Here is a more detailed summary of the historical variations registered by EUR/JPY:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EUR/JPY in 15 min. shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 150.84 | 151.38 | 153.09 | 154.42 | 154.67 | 169.54 |
| Change (%) | -2.32% | -1.97% | -0.86% | - | +0.16% | +9.79% |
| Change | -3.58 | -3.04 | -1.33 | - | +0.25 | +15.12 |
| Level | Major | Minor | Minor | - | Intermediate | Minor |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 153.98 | 154.32 | 154.66 | 155.00 | 155.34 | 155.68 | 156.02 |
| Camarilla | 154.82 | 154.89 | 154.95 | 155.01 | 155.07 | 155.14 | 155.20 |
| Woodie | 153.99 | 154.32 | 154.67 | 155.00 | 155.35 | 155.68 | 156.03 |
| Fibonacci | 154.32 | 154.58 | 154.74 | 155.00 | 155.26 | 155.42 | 155.68 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 145.81 | 147.74 | 151.42 | 153.35 | 157.03 | 158.96 | 162.64 |
| Camarilla | 153.57 | 154.08 | 154.60 | 155.11 | 155.62 | 156.14 | 156.65 |
| Woodie | 146.70 | 148.18 | 152.31 | 153.79 | 157.92 | 159.40 | 163.53 |
| Fibonacci | 147.74 | 149.88 | 151.20 | 153.35 | 155.49 | 156.81 | 158.96 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 140.58 | 143.35 | 146.07 | 148.84 | 151.56 | 154.33 | 157.05 |
| Camarilla | 147.27 | 147.77 | 148.28 | 148.78 | 149.28 | 149.79 | 150.29 |
| Woodie | 140.55 | 143.34 | 146.04 | 148.83 | 151.53 | 154.32 | 157.02 |
| Fibonacci | 143.35 | 145.45 | 146.75 | 148.84 | 150.94 | 152.24 | 154.33 |
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): | 44.69 | |
| MACD (12,26,9): | -0.1100 | |
| Directional Movement: | -8.57 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 154.45 | |
| Parabolic SAR (0,02-0,02-0,2): | 154.63 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 154.85 | |
| Zig ZAG (10): | 154.53 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 47.83 | |
| TEMA (21): | 154.42 | |
| Williams %R (14): | -42.86 | |
| Chande Momentum Oscillator (20): | -0.01 | |
| Repulse (5,40,3): | 0.0900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.25 |
| MA7: | 153.03 | |
| MA20: | 150.92 | |
| MA50: | 149.24 | |
| MA100: | 146.14 | |
| MAexp7: | 154.52 | |
| MAexp20: | 154.60 | |
| MAexp50: | 154.76 | |
| MAexp100: | 154.83 | |
| Price / MA7: | +0.91% | |
| Price / MA20: | +2.32% | |
| Price / MA50: | +3.47% | |
| Price / MA100: | +5.67% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.11% | |
| Price / MAexp50: | -0.21% | |
| Price / MAexp100: | -0.26% |
Quotes :
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Real time data
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Forex
News
The last news published on EUR/JPY at the time of the generation of this analysis was as follows:
-
Technical Analysis: 20/06/2023 - Where next for EURJPY?
-
Technical Analysis: 07/06/2023 - Is EURJPY losing its shine?
-
Technical Analysis: 30/05/2023 - EURJPY fails to retest 15-year peak
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Technical Analysis: 23/05/2023 - EURJPY regains traction, eyeing multi-year highs
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Technical Analysis: 16/05/2023 - EURJPY is capped by 20-day SMA
This member declared not having a position on this financial instrument or a related financial instrument.
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