EUR/JPY - 15 min. - Technical analysis published on 10/25/2024 (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:
Bullish
Underlying:
Bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 163.81 JPY
My targets
164.76 JPY (+0.45)
165.23 JPY (+0.92)
My analysis
A bullish trend on EUR/JPY both in substance and in the short term. A purchase could be considered as long as the price remains above 163.81 JPY. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 164.76 JPY. Then the price could move towards 165.23 JPY. Then 165.71 JPY by extension. Be careful, a return below 163.81 JPY would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.4
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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 rating is 164.31 JPY. On the day, this instrument gained +0.01% and was traded between 163.94 JPY and 164.59 JPY over the period. The price is currently at +0.23% from its lowest and -0.17% from its highest.163.94
164.59
164.31
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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
A technical analysis in 15 min. of this EUR/JPY chart shows a bullish trend. The signals given by moving averages are 75.00% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 15 minutes
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 15 minutes
In fact, 13 technical indicators on 18 studied are currently positioned bullish. 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
Aroon indicator bullish trend
Type : Bullish
Timeframe : 15 minutes
Momentum indicator is back over 0
Type : Bullish
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 163.44 | 163.88 | 164.13 | 164.31 | 164.48 | 164.76 | 165.02 |
| Change (%) | -0.53% | -0.26% | -0.11% | - | +0.10% | +0.27% | +0.43% |
| Change | -0.87 | -0.43 | -0.18 | - | +0.17 | +0.45 | +0.71 |
| Level | Minor | Minor | Major | - | Major | Minor | Intermediate |
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 | 162.86 | 163.33 | 163.81 | 164.28 | 164.76 | 165.23 | 165.71 |
| Camarilla | 164.03 | 164.12 | 164.20 | 164.29 | 164.38 | 164.46 | 164.55 |
| Woodie | 162.87 | 163.33 | 163.82 | 164.28 | 164.77 | 165.23 | 165.72 |
| Fibonacci | 163.33 | 163.69 | 163.92 | 164.28 | 164.64 | 164.87 | 165.23 |
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): | 59.43 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -0.33 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 164.24 | |
| Parabolic SAR (0,02-0,02-0,2): | 163.96 | |
| Elder Ray (13): | 0.12 | |
| Super Trend (3,10): | 164.41 | |
| Zig ZAG (10): | 164.41 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 85.19 | |
| TEMA (21): | 164.23 | |
| Williams %R (14): | -6.12 | |
| Chande Momentum Oscillator (20): | 0.09 | |
| Repulse (5,40,3): | 0.1000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.14 |
| MA7: | 163.49 | |
| MA20: | 162.64 | |
| MA50: | 160.93 | |
| MA100: | 164.60 | |
| MAexp7: | 164.26 | |
| MAexp20: | 164.27 | |
| MAexp50: | 164.28 | |
| MAexp100: | 164.27 | |
| Price / MA7: | +0.50% | |
| Price / MA20: | +1.03% | |
| Price / MA50: | +2.10% | |
| Price / MA100: | -0.18% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.02% | |
| Price / MAexp100: | +0.02% |
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
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EUR/JPY Forecast October 2, 2024
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EUR/JPY Forecast September 20, 2024
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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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