EUR/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	EURJPY
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EUR/JPY - 1H - Technical analysis published on 05/16/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

33%

39%

28%

My opinion

Bearish under 168.07 JPY

My targets

167.50 JPY (-0.38)

166.74 JPY (-1.14)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/JPY as long as the price remains well below 168.07 JPY. The sellers' bearish objective 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 166.74 JPY. In case of crossing, the next objective would be the support located at 166.22 JPY.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

4.5

Comment on the analysis

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.

This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The EUR/JPY rating is 167.88 JPY. On the day, this instrument lost -0.08% with the lowest point at 167.33 JPY and the highest point at 168.25 JPY. The deviation from the price is +0.33% for the low point and -0.22% for the high point.

167.33

168.25

167.88

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

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 bearish trend. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour

On the 18 technical indicators analysed, 6 are bullish, 5 are neutral and 7 are bearish. The Central Indicators scanner found no further results concerning independent technical indicators.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	166.22	166.74	167.50	167.88	168.07	168.68	169.54
Change (%)	-0.99%	-0.68%	-0.23%	-	+0.11%	+0.48%	+0.99%
Change	-1.66	-1.14	-0.38	-	+0.19	+0.80	+1.66
Level	Minor	Minor	Major	-	Minor	Minor	Major

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	165.92	166.90	167.45	168.43	168.98	169.96	170.51
Camarilla	167.59	167.73	167.87	168.01	168.15	168.29	168.43
Woodie	165.72	166.79	167.25	168.32	168.78	169.85	170.31
Fibonacci	166.90	167.48	167.84	168.43	169.01	169.37	169.96

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	40.97
MACD (12,26,9):	-0.2900
Directional Movement:	-13.83
AROON (14):	-35.71
DEMA (21):	167.74
Parabolic SAR (0,02-0,02-0,2):	168.32
Elder Ray (13):	-0.06
Super Trend (3,10):	168.56
Zig ZAG (10):	167.91
VORTEX (21):	0.8900
Stochastique (14,3,5):	38.06
TEMA (21):	167.58
Williams %R (14):	-56.72
Chande Momentum Oscillator (20):	-0.74
Repulse (5,40,3):	0.1300
ROCnROLL:	2
TRIX (15,9):	-0.0200
Courbe Coppock:	0.91

MA7:	168.02
MA20:	166.89
MA50:	164.82
MA100:	162.66
MAexp7:	167.83
MAexp20:	168.11
MAexp50:	168.40
MAexp100:	168.24
Price / MA7:	-0.08%
Price / MA20:	+0.59%
Price / MA50:	+1.86%
Price / MA100:	+3.21%
Price / MAexp7:	+0.03%
Price / MAexp20:	-0.14%
Price / MAexp50:	-0.31%
Price / MAexp100:	-0.21%

Quotes : - Real time data - Forex

News

The last news published on EUR/JPY at the time of the generation of this analysis was as follows:

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

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