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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
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EUR/JPY - 1H - Technical analysis published on 05/15/2024 (GMT)

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

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Slightly bullish
Technical indicators
17%
67%
17%
My opinion
Bearish under 169.54 JPY
My targets
167.50 JPY (-1.06)
165.65 JPY (-2.91)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for EUR/JPY as long as the price remains well below 169.54 JPY. The next bearish objective for sellers is set at 167.50 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 165.65 JPY. In case of crossing, the next objective would be the support located at 164.80 JPY. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 167.50 JPY. With this support, against the trend traders who want to buy EUR/JPY on a buy signal from their trading strategy should not hesitate to act.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
2

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.

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

Additional analysis

Quotes

EUR/JPY rating 168.56 JPY. The price is lower by -0.41% since the last closing with the lowest point at 168.49 JPY and the highest point at 169.40 JPY. The deviation from the price is +0.04% for the low point and -0.50% for the high point.

168.49
169.40
168.56

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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 EUR/JPY in 1H shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. An assessment of moving averages reveals several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour



Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour


SuperTrend indicator bearish reversal

Type : Bearish

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 support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 165.65 167.50 168.55 168.56 169.54
Change (%) -1.73% -0.63% -0.01% - +0.58%
Change -2.91 -1.06 -0.01 - +0.98
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
Standard167.90168.23168.74169.07169.58169.91170.42
Camarilla169.03169.11169.18169.26169.34169.41169.49
Woodie168.00168.28168.84169.12169.68169.96170.52
Fibonacci168.23168.55168.75169.07169.39169.59169.91


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard161.95163.20165.49166.74169.03170.28172.57
Camarilla166.82167.14167.47167.79168.12168.44168.76
Woodie162.48163.46166.02167.00169.56170.54173.10
Fibonacci163.20164.55165.38166.74168.09168.92170.28


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard153.81158.04163.16167.39172.51176.74181.86
Camarilla165.71166.57167.42168.28169.14169.99170.85
Woodie154.26158.26163.61167.61172.96176.96182.31
Fibonacci158.04161.61163.82167.39170.96173.17176.74

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): 32.55
MACD (12,26,9): 0.0500
Directional Movement: -19.07
AROON (14): -42.86
DEMA (21): 169.19
Parabolic SAR (0,02-0,02-0,2): 169.37
Elder Ray (13): -0.32
Super Trend (3,10): 169.39
Zig ZAG (10): 168.52
VORTEX (21): 0.9200
Stochastique (14,3,5): 22.37
TEMA (21): 169.05
Williams %R (14): -94.51
Chande Momentum Oscillator (20): -0.68
Repulse (5,40,3): -0.4700
ROCnROLL: 2
TRIX (15,9): 0.0100
Courbe Coppock: 0.19
MA7: 167.88
MA20: 166.75
MA50: 164.71
MA100: 162.56
MAexp7: 169.02
MAexp20: 169.08
MAexp50: 168.80
MAexp100: 168.32
Price / MA7: +0.41%
Price / MA20: +1.09%
Price / MA50: +2.34%
Price / MA100: +3.69%
Price / MAexp7: -0.28%
Price / MAexp20: -0.31%
Price / MAexp50: -0.15%
Price / MAexp100: +0.14%

Quotes : - Real time data - Forex

News


The latest news and videos published on EUR/JPY at the time of the analysis were as follows:

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

About author

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