EUR/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	EURJPY
ISIN:

EUR/JPY - 1H - Technical analysis published on 11/18/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

78%

17%

My opinion

Bullish above 163.23 JPY

My targets

164.13 JPY (+0.30)

165.03 JPY (+1.20)

My analysis

The strong short-term increase in EUR/JPY calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 163.23 JPY, you could consider taking advantage of the short-term movement. The first bullish objective is located at 164.13 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 165.03 JPY as an objective. Crossing it would then enable buyers to target 166.11 JPY. Caution, a return under 163.23 JPY could jeopardize the reversal.

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

2.7

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 Holland86. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The EUR/JPY rating is 163.83 JPY. The price registered an increase of +0.75% on the session and was traded between 162.26 JPY and 163.94 JPY over the period. The price is currently at +0.97% from its lowest and -0.07% from its highest.

162.26

163.94

163.83

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

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

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

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 slightly bearish. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	160.42	163.23	163.80	163.83	164.13	165.03	166.11
Change (%)	-2.08%	-0.37%	-0.02%	-	+0.18%	+0.73%	+1.39%
Change	-3.41	-0.60	-0.03	-	+0.30	+1.20	+2.28
Level	Minor	Intermediate	Minor	-	Major	Intermediate	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	158.89	160.60	161.61	163.32	164.33	166.04	167.05
Camarilla	161.86	162.11	162.36	162.61	162.86	163.11	163.36
Woodie	158.53	160.43	161.25	163.15	163.97	165.87	166.69
Fibonacci	160.60	161.64	162.28	163.32	164.36	165.00	166.04

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	158.89	160.60	161.61	163.32	164.33	166.04	167.05
Camarilla	161.86	162.11	162.36	162.61	162.86	163.11	163.36
Woodie	158.53	160.43	161.25	163.15	163.97	165.87	166.69
Fibonacci	160.60	161.64	162.28	163.32	164.36	165.00	166.04

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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	59.21
MACD (12,26,9):	0.0900
Directional Movement:	7.26
AROON (14):	85.72
DEMA (21):	163.54
Parabolic SAR (0,02-0,02-0,2):	163.16
Elder Ray (13):	0.31
Super Trend (3,10):	162.94
Zig ZAG (10):	163.87
VORTEX (21):	1.1900
Stochastique (14,3,5):	95.34
TEMA (21):	163.81
Williams %R (14):	-7.38
Chande Momentum Oscillator (20):	0.94
Repulse (5,40,3):	0.1300
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	1.02

MA7:	163.84
MA20:	164.73
MA50:	162.25
MA100:	163.72
MAexp7:	163.71
MAexp20:	163.49
MAexp50:	163.64
MAexp100:	163.90
Price / MA7:	-0.01%
Price / MA20:	-0.55%
Price / MA50:	+0.97%
Price / MA100:	+0.07%
Price / MAexp7:	+0.07%
Price / MAexp20:	+0.21%
Price / MAexp50:	+0.12%
Price / MAexp100:	-0.04%

Quotes : - Real time data - Forex

News

The latest news and videos published on EUR/JPY at the time of the analysis were as follows:

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

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