EUR/JPY - 1H - Technical analysis published on 05/15/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
22%
56%
My opinion
Bullish above 168.55 JPY
My targets
169.54 JPY (+0.45)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on EUR/JPY. As long as you are above the support located at 168.55 JPY, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 169.54 JPY would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. If the support 168.55 JPY were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
3.2
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This analysis was given by GCrow. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/JPY rating is 169.09 JPY. On the day, this instrument lost -0.10% and was between 169.05 JPY and 169.40 JPY. This implies that the price is at +0.02% from its lowest and at -0.18% from its highest.169.05
169.40
169.09
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
A technical analysis in 1H of this EUR/JPY chart shows a bullish trend. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
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.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 165.65 | 167.50 | 168.55 | 169.09 | 169.54 |
| Change (%) | -2.03% | -0.94% | -0.32% | - | +0.27% |
| Change | -3.44 | -1.59 | -0.54 | - | +0.45 |
| Level | Minor | Intermediate | Intermediate | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 167.90 | 168.23 | 168.74 | 169.07 | 169.58 | 169.91 | 170.42 |
| Camarilla | 169.03 | 169.11 | 169.18 | 169.26 | 169.34 | 169.41 | 169.49 |
| Woodie | 168.00 | 168.28 | 168.84 | 169.12 | 169.68 | 169.96 | 170.52 |
| Fibonacci | 168.23 | 168.55 | 168.75 | 169.07 | 169.39 | 169.59 | 169.91 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 53.35 | |
| MACD (12,26,9): | 0.1400 | |
| Directional Movement: | 3.56 | |
| AROON (14): | 7.14 | |
| DEMA (21): | 169.35 | |
| Parabolic SAR (0,02-0,02-0,2): | 169.09 | |
| Elder Ray (13): | -0.04 | |
| Super Trend (3,10): | 168.91 | |
| Zig ZAG (10): | 169.12 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 39.58 | |
| TEMA (21): | 169.29 | |
| Williams %R (14): | -90.62 | |
| Chande Momentum Oscillator (20): | -0.20 | |
| Repulse (5,40,3): | -0.1100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.10 |
| MA7: | 167.95 | |
| MA20: | 166.78 | |
| MA50: | 164.72 | |
| MA100: | 162.56 | |
| MAexp7: | 169.21 | |
| MAexp20: | 169.14 | |
| MAexp50: | 168.79 | |
| MAexp100: | 168.29 | |
| Price / MA7: | +0.68% | |
| Price / MA20: | +1.39% | |
| Price / MA50: | +2.65% | |
| Price / MA100: | +4.02% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | +0.18% | |
| Price / MAexp100: | +0.48% |
Quotes :
-
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: 02/04/2024 - EURJPY pulls back towards crucial trendline
-
EUR/JPY Forecast April 1, 2024
-
Technical Analysis: 27/03/2024 - Will EURJPY re-test the 16-year high soon?
-
Technical Analysis: 12/03/2024 - EURJPY drops below ascending channel
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Technical Analysis: 05/03/2024 - EURJPY recovers from mild pullback
This member declared not having a position on this financial instrument or a related financial instrument.
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