EUR/JPY - 1H - Technical analysis published on 10/15/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
39%
50%
11%
My opinion
Bearish under 163.61 JPY
My targets
162.17 JPY (-0.75)
161.37 JPY (-1.55)
My analysis
In the short term, we can see an acceleration in the bearish trend on EUR/JPY, which is a positive signal for sellers. As long as the price remains above 163.61 JPY, a sale could be considered. The first bearish objective is located at 162.17 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 161.37 JPY as an objective. Crossing it would then enable sellers to target 161.01 JPY. If the price were to return above 163.61 JPY, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.6
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Additional analysis
Quotes
The EUR/JPY price is 162.92 JPY. The price registered a decrease of -0.25% on the session and was traded between 162.37 JPY and 163.36 JPY over the period. The price is currently at +0.34% from its lowest and -0.27% from its highest.162.37
163.36
162.92
Here is a more detailed summary of the historical variations registered by EUR/JPY:
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 1H shows an overall 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 market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
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 | 161.37 | 162.17 | 162.89 | 162.92 | 163.61 | 164.13 | 169.54 |
| Change (%) | -0.95% | -0.46% | -0.02% | - | +0.42% | +0.74% | +4.06% |
| Change | -1.55 | -0.75 | -0.03 | - | +0.69 | +1.21 | +6.62 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 162.22 | 162.56 | 162.94 | 163.28 | 163.66 | 164.00 | 164.38 |
| Camarilla | 163.13 | 163.20 | 163.26 | 163.33 | 163.40 | 163.46 | 163.53 |
| Woodie | 162.25 | 162.57 | 162.97 | 163.29 | 163.69 | 164.01 | 164.41 |
| Fibonacci | 162.56 | 162.83 | 163.00 | 163.28 | 163.55 | 163.72 | 164.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 160.46 | 161.18 | 162.16 | 162.88 | 163.86 | 164.58 | 165.56 |
| Camarilla | 162.66 | 162.82 | 162.97 | 163.13 | 163.29 | 163.44 | 163.60 |
| Woodie | 160.58 | 161.25 | 162.28 | 162.95 | 163.98 | 164.65 | 165.68 |
| Fibonacci | 161.18 | 161.83 | 162.23 | 162.88 | 163.53 | 163.93 | 164.58 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 147.30 | 151.22 | 155.64 | 159.56 | 163.98 | 167.90 | 172.32 |
| Camarilla | 157.76 | 158.52 | 159.29 | 160.05 | 160.82 | 161.58 | 162.34 |
| Woodie | 147.54 | 151.35 | 155.88 | 159.69 | 164.22 | 168.03 | 172.56 |
| Fibonacci | 151.22 | 154.41 | 156.38 | 159.56 | 162.75 | 164.72 | 167.90 |
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): | 38.70 | |
| MACD (12,26,9): | -0.1500 | |
| Directional Movement: | -12.62 | |
| AROON (14): | -71.42 | |
| DEMA (21): | 162.79 | |
| Parabolic SAR (0,02-0,02-0,2): | 162.82 | |
| Elder Ray (13): | -0.18 | |
| Super Trend (3,10): | 163.14 | |
| Zig ZAG (10): | 162.79 | |
| VORTEX (21): | 0.7900 | |
| Stochastique (14,3,5): | 25.47 | |
| TEMA (21): | 162.64 | |
| Williams %R (14): | -56.60 | |
| Chande Momentum Oscillator (20): | -0.51 | |
| Repulse (5,40,3): | 0.1300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.75 |
| MA7: | 162.90 | |
| MA20: | 161.33 | |
| MA50: | 160.65 | |
| MA100: | 165.12 | |
| MAexp7: | 162.76 | |
| MAexp20: | 162.95 | |
| MAexp50: | 163.03 | |
| MAexp100: | 162.91 | |
| Price / MA7: | +0.01% | |
| Price / MA20: | +0.99% | |
| Price / MA50: | +1.41% | |
| Price / MA100: | -1.33% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | -0.07% | |
| Price / MAexp100: | +0.01% |
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:
-
EUR/JPY Forecast October 2, 2024
-
EUR/JPY Forecast September 20, 2024
-
EUR/JPY Forecast September 18, 2024
-
EUR/JPY Forecast September 3, 2024
-
EUR/JPY Forecast August 28, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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