EUR/JPY - 15 min. - Technical analysis published on 08/06/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
33%
33%
33%
My opinion
Bullish above 158.11 JPY
My targets
161.81 JPY (+2.70)
162.52 JPY (+3.41)
My analysis
The basic bullish trend is very strong on EUR/JPY but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 158.11 JPY. Crossing the first resistance at 161.81 JPY would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 162.52 JPY as an objective. Crossing it would then enable buyers to target 163.96 JPY. Caution, a return to below 158.11 JPY would be a sign of a consolidation phase in the short-term basic trend. 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 indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5.4
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Additional analysis
Quotes
The EUR/JPY rating is 159.11 JPY. On the day, this instrument lost -0.34% with the lowest point at 158.08 JPY and the highest point at 160.23 JPY. The deviation from the price is +0.65% for the low point and -0.70% for the high point.158.08
160.23
159.11
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/JPY:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EUR/JPY in 15 min. shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 15 minutes
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 6 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 15 minutes
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of triangle
Type : Bullish
Timeframe : 15 minutes
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 149.26 | 154.81 | 158.87 | 159.11 | 161.45 | 162.85 | 164.13 |
| Change (%) | -6.19% | -2.70% | -0.15% | - | +1.47% | +2.35% | +3.16% |
| Change | -9.85 | -4.30 | -0.24 | - | +2.34 | +3.74 | +5.02 |
| Level | Intermediate | Major | Intermediate | - | 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 | 150.11 | 152.26 | 155.96 | 158.11 | 161.81 | 163.96 | 167.66 |
| Camarilla | 158.05 | 158.59 | 159.12 | 159.66 | 160.20 | 160.73 | 161.27 |
| Woodie | 150.89 | 152.65 | 156.74 | 158.50 | 162.59 | 164.35 | 168.44 |
| Fibonacci | 152.26 | 154.50 | 155.88 | 158.11 | 160.35 | 161.73 | 163.96 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 148.84 | 154.27 | 157.09 | 162.52 | 165.34 | 170.77 | 173.59 |
| Camarilla | 157.64 | 158.40 | 159.15 | 159.91 | 160.67 | 161.42 | 162.18 |
| Woodie | 147.54 | 153.62 | 155.79 | 161.87 | 164.04 | 170.12 | 172.29 |
| Fibonacci | 154.27 | 157.42 | 159.37 | 162.52 | 165.67 | 167.62 | 170.77 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 144.20 | 153.10 | 157.62 | 166.52 | 171.04 | 179.94 | 184.46 |
| Camarilla | 158.44 | 159.67 | 160.90 | 162.13 | 163.36 | 164.59 | 165.82 |
| Woodie | 142.00 | 152.01 | 155.42 | 165.43 | 168.84 | 178.85 | 182.26 |
| Fibonacci | 153.10 | 158.23 | 161.40 | 166.52 | 171.65 | 174.82 | 179.94 |
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): | 51.82 | |
| MACD (12,26,9): | 0.2000 | |
| Directional Movement: | -0.50 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 159.01 | |
| Parabolic SAR (0,02-0,02-0,2): | 159.99 | |
| Elder Ray (13): | -0.06 | |
| Super Trend (3,10): | 159.93 | |
| Zig ZAG (10): | 158.94 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 26.04 | |
| TEMA (21): | 158.98 | |
| Williams %R (14): | -59.07 | |
| Chande Momentum Oscillator (20): | -0.21 | |
| Repulse (5,40,3): | 0.3500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 0.37 |
| MA7: | 161.89 | |
| MA20: | 167.56 | |
| MA50: | 169.62 | |
| MA100: | 167.88 | |
| MAexp7: | 158.89 | |
| MAexp20: | 158.66 | |
| MAexp50: | 158.18 | |
| MAexp100: | 158.11 | |
| Price / MA7: | -1.72% | |
| Price / MA20: | -5.04% | |
| Price / MA50: | -6.20% | |
| Price / MA100: | -5.22% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | +0.28% | |
| Price / MAexp50: | +0.58% | |
| Price / MAexp100: | +0.63% |
Quotes :
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Real time data
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Forex
News
The latest news and videos published on EUR/JPY at the time of the analysis were as follows:
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EUR/JPY Forecast July 19, 2024
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EUR/JPY Forecast June 20, 2024
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Midweek Technical Look: 30/05/2024 - GBPUSD, EURJPY, Oil
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EUR/JPY Forecast May 29, 2024
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Technical Analysis: 02/04/2024 - EURJPY pulls back towards crucial trendline
This member declared not having a position on this financial instrument or a related financial instrument.
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