EUR/JPY

- JPY (-)

- Real time data - Forex

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Change:	-
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Type:	Forex
Ticker:	EURJPY
ISIN:

EUR/JPY - 1H - Technical analysis published on 11/15/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

78%

17%

My opinion

Bearish under 164.67 JPY

My targets

163.80 JPY (-0.36)

163.23 JPY (-0.93)

My analysis

In the short term, we can see an acceleration in the bearish trend on EUR/JPY, which is a positive signal for sellers. As long as the price remains above 164.67 JPY, a sale could be considered. The first bearish objective is located at 163.80 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 163.23 JPY as an objective. Crossing it would then enable sellers to target 160.42 JPY. If the price were to return above 164.67 JPY, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

6.3

Comment on the analysis

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 Scorpus. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The EUR/JPY price is 164.16 JPY. The price is lower by -0.37% since the last closing and was between 164.03 JPY and 165.04 JPY. This implies that the price is at +0.08% from its lowest and at -0.53% from its highest.

164.03

165.04

164.16

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of EUR/JPY indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. The overall trend is reinforced 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 shows a strong bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

MACD indicator is back under 0

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	163.23	163.80	164.13	164.16	164.67	164.98	165.41
Change (%)	-0.57%	-0.22%	-0.02%	-	+0.31%	+0.50%	+0.76%
Change	-0.93	-0.36	-0.03	-	+0.51	+0.82	+1.25
Level	Intermediate	Minor	Major	-	Minor	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	162.87	163.34	164.05	164.52	165.23	165.70	166.41
Camarilla	164.45	164.55	164.66	164.77	164.88	164.99	165.10
Woodie	163.00	163.40	164.18	164.58	165.36	165.76	166.54
Fibonacci	163.34	163.79	164.07	164.52	164.97	165.25	165.70

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	159.59	161.40	162.49	164.30	165.39	167.20	168.29
Camarilla	162.78	163.05	163.31	163.58	163.85	164.11	164.38
Woodie	159.23	161.22	162.13	164.12	165.03	167.02	167.93
Fibonacci	161.40	162.51	163.19	164.30	165.41	166.09	167.20

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	151.98	155.18	160.30	163.50	168.62	171.82	176.94
Camarilla	163.14	163.91	164.67	165.43	166.19	166.96	167.72
Woodie	152.95	155.66	161.27	163.98	169.59	172.30	177.91
Fibonacci	155.18	158.36	160.32	163.50	166.68	168.64	171.82

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):	40.39
MACD (12,26,9):	-0.0200
Directional Movement:	-11.16
AROON (14):	-71.43
DEMA (21):	164.56
Parabolic SAR (0,02-0,02-0,2):	164.99
Elder Ray (13):	-0.40
Super Trend (3,10):	164.96
Zig ZAG (10):	164.21
VORTEX (21):	0.9800
Stochastique (14,3,5):	13.07
TEMA (21):	164.48
Williams %R (14):	-82.18
Chande Momentum Oscillator (20):	-0.38
Repulse (5,40,3):	-0.1800
ROCnROLL:	2
TRIX (15,9):	0.0100
Courbe Coppock:	0.05

MA7:	164.29
MA20:	164.76
MA50:	162.16
MA100:	163.83
MAexp7:	164.44
MAexp20:	164.55
MAexp50:	164.47
MAexp100:	164.44
Price / MA7:	-0.08%
Price / MA20:	-0.36%
Price / MA50:	+1.23%
Price / MA100:	+0.20%
Price / MAexp7:	-0.17%
Price / MAexp20:	-0.24%
Price / MAexp50:	-0.19%
Price / MAexp100:	-0.17%

Quotes : - Real time data - 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:

This member declared not having a position on this financial instrument or a related financial instrument.

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