EUR/JPY - 1H - Technical analysis published on 10/24/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
33%
17%
50%
My opinion
Bullish above 164.13 JPY
My targets
165.02 JPY (+0.71)
165.20 JPY (+0.89)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on EUR/JPY. As long as you are above the support located at 164.13 JPY, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 165.02 JPY would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 165.20 JPY as an objective. Crossing it would then enable buyers to target 169.54 JPY. If the support 164.13 JPY were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
3.8
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Additional analysis
Quotes
The EUR/JPY rating is 164.31 JPY. The price registered a decrease of -0.23% on the session and was between 163.80 JPY and 164.75 JPY. This implies that the price is at +0.31% from its lowest and at -0.27% from its highest.163.80
164.75
164.31
Here is a more detailed summary of the historical variations registered by EUR/JPY:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EUR/JPY in 1H shows an overall bullish trend. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide 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 over resistance 1
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
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 | 163.23 | 163.67 | 164.13 | 164.31 | 165.02 | 169.54 | 172.65 |
| Change (%) | -0.66% | -0.39% | -0.11% | - | +0.43% | +3.18% | +5.08% |
| Change | -1.08 | -0.64 | -0.18 | - | +0.71 | +5.23 | +8.34 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Major | Minor |
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 | 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): | 46.60 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -6.88 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 164.24 | |
| Parabolic SAR (0,02-0,02-0,2): | 163.93 | |
| Elder Ray (13): | -0.05 | |
| Super Trend (3,10): | 164.87 | |
| Zig ZAG (10): | 164.13 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 58.47 | |
| TEMA (21): | 164.16 | |
| Williams %R (14): | -60.66 | |
| Chande Momentum Oscillator (20): | -0.02 | |
| Repulse (5,40,3): | -0.1700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.06 |
| MA7: | 163.19 | |
| MA20: | 162.36 | |
| MA50: | 160.90 | |
| MA100: | 164.65 | |
| MAexp7: | 164.24 | |
| MAexp20: | 164.26 | |
| MAexp50: | 164.13 | |
| MAexp100: | 163.78 | |
| Price / MA7: | +0.69% | |
| Price / MA20: | +1.20% | |
| Price / MA50: | +2.12% | |
| Price / MA100: | -0.21% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +0.11% | |
| Price / MAexp100: | +0.32% |
Quotes :
-
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 October 24, 2024
-
EUR/JPY Forecast October 2, 2024
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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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