EUR/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	EURJPY
ISIN:

EUR/JPY - 1H - Technical analysis published on 05/16/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

94%

My opinion

Bullish above 168.68 JPY

My targets

169.54 JPY (+0.69)

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 168.68 JPY. The next resistance located at 169.54 JPY is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.3

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 168.85 JPY. The price has increased by +0.50% since the last closing with the lowest point at 167.33 JPY and the highest point at 168.88 JPY. The deviation from the price is +0.91% for the low point and -0.02% for the high point.

167.33

168.88

168.85

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 bullish trend. The signals returned by the moving averages are 75.00% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

In fact, 17 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	167.50	168.07	168.68	168.85	169.54
Change (%)	-0.80%	-0.46%	-0.10%	-	+0.41%
Change	-1.35	-0.78	-0.17	-	+0.69
Level	Major	Minor	Minor	-	Major

Attention could also be paid to pivot points to set price objectives:

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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	62.48
MACD (12,26,9):	0.0500
Directional Movement:	8.75
AROON (14):	92.86
DEMA (21):	168.35
Parabolic SAR (0,02-0,02-0,2):	167.72
Elder Ray (13):	0.36
Super Trend (3,10):	167.90
Zig ZAG (10):	168.84
VORTEX (21):	1.0500
Stochastique (14,3,5):	96.88
TEMA (21):	168.54
Williams %R (14):	-1.40
Chande Momentum Oscillator (20):	1.21
Repulse (5,40,3):	0.2800
ROCnROLL:	1
TRIX (15,9):	-0.0100
Courbe Coppock:	0.72

MA7:	168.15
MA20:	166.94
MA50:	164.84
MA100:	162.67
MAexp7:	168.57
MAexp20:	168.36
MAexp50:	168.43
MAexp100:	168.27
Price / MA7:	+0.42%
Price / MA20:	+1.14%
Price / MA50:	+2.43%
Price / MA100:	+3.80%
Price / MAexp7:	+0.17%
Price / MAexp20:	+0.29%
Price / MAexp50:	+0.25%
Price / MAexp100:	+0.34%

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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