EUR/JPY - 15 min. - Technical analysis published on 10/24/2024 (GMT)
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- Timeframe : 15 min.
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 164.29 JPY
My targets
163.57 JPY (-0.49)
162.44 JPY (-1.62)
My analysis
EUR/JPY is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 164.29 JPY. The next support located at 163.57 JPY is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 162.44 JPY. Below this support, sellers could then target 161.72 JPY. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.9
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This analysis was given by OzO. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/JPY price is 164.06 JPY. On the day, this instrument lost -0.38% and was traded between 163.80 JPY and 164.75 JPY over the period. The price is currently at +0.16% from its lowest and -0.42% from its highest.163.80
164.75
164.06
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this EUR/JPY chart shows a sharp bearish trend. 92.86% 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 scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : 15 minutes
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 15 minutes
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami cross
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 162.77 | 163.23 | 163.67 | 164.06 | 164.13 | 165.02 | 169.54 |
| Change (%) | -0.79% | -0.51% | -0.24% | - | +0.04% | +0.59% | +3.34% |
| Change | -1.29 | -0.83 | -0.39 | - | +0.07 | +0.96 | +5.48 |
| Level | Major | Minor | Minor | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 161.72 | 162.44 | 163.57 | 164.29 | 165.42 | 166.14 | 167.27 |
| Camarilla | 164.18 | 164.35 | 164.52 | 164.69 | 164.86 | 165.03 | 165.20 |
| Woodie | 161.92 | 162.54 | 163.77 | 164.39 | 165.62 | 166.24 | 167.47 |
| Fibonacci | 162.44 | 163.15 | 163.59 | 164.29 | 165.00 | 165.44 | 166.14 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 159.92 | 160.89 | 161.68 | 162.65 | 163.44 | 164.41 | 165.20 |
| Camarilla | 162.00 | 162.16 | 162.32 | 162.48 | 162.64 | 162.80 | 162.96 |
| Woodie | 159.84 | 160.85 | 161.60 | 162.61 | 163.36 | 164.37 | 165.12 |
| Fibonacci | 160.89 | 161.56 | 161.97 | 162.65 | 163.32 | 163.73 | 164.41 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 46.76 | |
| MACD (12,26,9): | -0.0600 | |
| Directional Movement: | -2.52 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 164.03 | |
| Parabolic SAR (0,02-0,02-0,2): | 164.26 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 163.89 | |
| Zig ZAG (10): | 164.11 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 23.72 | |
| TEMA (21): | 164.02 | |
| Williams %R (14): | -58.33 | |
| Chande Momentum Oscillator (20): | -0.31 | |
| Repulse (5,40,3): | 0.1100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.32 |
| MA7: | 163.19 | |
| MA20: | 162.35 | |
| MA50: | 160.89 | |
| MA100: | 164.65 | |
| MAexp7: | 164.07 | |
| MAexp20: | 164.08 | |
| MAexp50: | 164.18 | |
| MAexp100: | 164.24 | |
| Price / MA7: | +0.53% | |
| Price / MA20: | +1.05% | |
| Price / MA50: | +1.97% | |
| Price / MA100: | -0.36% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.07% | |
| Price / MAexp100: | -0.11% |
Quotes :
-
Real time data
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Forex
News
Don't forget to follow the news on EUR/JPY. At the time of publication of this analysis, the latest news was as follows:
-
EUR/JPY Forecast October 24, 2024
-
EUR/JPY Forecast October 2, 2024
-
EUR/JPY Forecast September 20, 2024
-
EUR/JPY Forecast September 18, 2024
-
EUR/JPY Forecast September 3, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
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