EUR/JPY - 15 min. - Technical analysis published on 10/15/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
28%
50%
My opinion
Bearish under 162.94 JPY
My targets
162.22 JPY (-0.27)
162.17 JPY (-0.32)
My analysis
The bearish trend is currently very strong for EUR/JPY. As long as the price remains below the resistance at 162.94 JPY, you could try to take advantage of the bearish rally. The first bearish objective is located at 162.22 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 162.17 JPY as an objective. Crossing it would then enable sellers to target 161.37 JPY. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.5
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Additional analysis
Quotes
The EUR/JPY rating is 162.49 JPY. The price is lower by -0.51% since the last closing and was between 162.34 JPY and 163.36 JPY. This implies that the price is at +0.09% from its lowest and at -0.53% from its highest.162.34
163.36
162.49
A study of price movements over other periods shows the following variations:
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 overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 4 are bullish, 9 are neutral and 5 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 3
Type : Neutral
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 15 minutes
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 15 minutes
Support of channel is broken
Type : Bearish
Timeframe : 15 minutes
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 161.01 | 161.37 | 162.17 | 162.49 | 162.89 | 163.61 | 164.13 |
| Change (%) | -0.91% | -0.69% | -0.20% | - | +0.25% | +0.69% | +1.01% |
| Change | -1.48 | -1.12 | -0.32 | - | +0.40 | +1.12 | +1.64 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 40.74 | |
| MACD (12,26,9): | -0.0500 | |
| Directional Movement: | -6.07 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 162.47 | |
| Parabolic SAR (0,02-0,02-0,2): | 162.67 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 162.75 | |
| Zig ZAG (10): | 162.44 | |
| VORTEX (21): | 0.8300 | |
| Stochastique (14,3,5): | 47.22 | |
| TEMA (21): | 162.47 | |
| Williams %R (14): | -60.00 | |
| Chande Momentum Oscillator (20): | 0.02 | |
| Repulse (5,40,3): | -0.0100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.13 |
| MA7: | 162.85 | |
| MA20: | 161.32 | |
| MA50: | 160.64 | |
| MA100: | 165.12 | |
| MAexp7: | 162.52 | |
| MAexp20: | 162.55 | |
| MAexp50: | 162.64 | |
| MAexp100: | 162.78 | |
| Price / MA7: | -0.22% | |
| Price / MA20: | +0.73% | |
| Price / MA50: | +1.15% | |
| Price / MA100: | -1.59% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.09% | |
| Price / MAexp100: | -0.18% |
Quotes :
-
Real time data
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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
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EUR/JPY Forecast September 18, 2024
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EUR/JPY Forecast September 3, 2024
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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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