EUR/JPY - 15 min. - Technical analysis published on 10/24/2024 (GMT)
- 141
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 164.29 JPY
My targets
165.42 JPY (+1.02)
166.14 JPY (+1.74)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/JPY as long as the price remains well above 164.29 JPY. The buyers' bullish objective is set at 165.42 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 166.14 JPY. If there is any crossing, the next objective would be the resistance located at 167.27 JPY.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.1
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 OzO. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/JPY price is 164.40 JPY. The price is lower by -0.18% since the last closing and was between 163.80 JPY and 164.75 JPY. This implies that the price is at +0.37% from its lowest and at -0.21% from its highest.163.80
164.75
164.40
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of EUR/JPY indicates that the overall trend is bullish. The signals returned by the moving averages are 71.43% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 2
Type : Neutral
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 resistance
Type : Bearish
Timeframe : 15 minutes
Resistance of channel is broken
Type : Bullish
Timeframe : 15 minutes
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 163.23 | 163.67 | 164.13 | 164.40 | 165.02 | 169.54 | 172.65 |
| Change (%) | -0.71% | -0.44% | -0.16% | - | +0.38% | +3.13% | +5.02% |
| Change | -1.17 | -0.73 | -0.27 | - | +0.62 | +5.14 | +8.25 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Major | Minor |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 59.91 | |
| MACD (12,26,9): | 0.0800 | |
| Directional Movement: | 12.19 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 164.37 | |
| Parabolic SAR (0,02-0,02-0,2): | 164.16 | |
| Elder Ray (13): | 0.07 | |
| Super Trend (3,10): | 164.12 | |
| Zig ZAG (10): | 164.41 | |
| VORTEX (21): | 1.1900 | |
| Stochastique (14,3,5): | 91.39 | |
| TEMA (21): | 164.45 | |
| Williams %R (14): | -11.11 | |
| Chande Momentum Oscillator (20): | 0.29 | |
| Repulse (5,40,3): | 0.0300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.44 |
| MA7: | 163.23 | |
| MA20: | 162.37 | |
| MA50: | 160.90 | |
| MA100: | 164.65 | |
| MAexp7: | 164.39 | |
| MAexp20: | 164.28 | |
| MAexp50: | 164.24 | |
| MAexp100: | 164.25 | |
| Price / MA7: | +0.72% | |
| Price / MA20: | +1.25% | |
| Price / MA50: | +2.18% | |
| Price / MA100: | -0.15% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.10% | |
| Price / MAexp100: | +0.09% |
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 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.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis EUR/JPY - 15 min.