EUR/JPY - 1H - Technical analysis published on 05/03/2024 (GMT)
- 99
- 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 : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 164.90 JPY
My targets
164.13 JPY (-0.20)
163.08 JPY (-1.25)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/JPY as long as the price remains well below 164.90 JPY. The sellers' bearish objective is set at 164.13 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 163.08 JPY. In case of crossing, the next objective would be the support located at 159.67 JPY. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7
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 dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/JPY price is 164.33 JPY. The price registered an increase of +0.01% on the session and was traded between 164.02 JPY and 164.64 JPY over the period. The price is currently at +0.19% from its lowest and -0.19% from its highest.164.02
164.64
164.33
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
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 strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 159.67 | 163.08 | 164.13 | 164.33 | 164.90 | 165.68 | 167.40 |
Change (%) | -2.84% | -0.76% | -0.12% | - | +0.35% | +0.82% | +1.87% |
Change | -4.66 | -1.25 | -0.20 | - | +0.57 | +1.35 | +3.07 |
Level | Minor | Minor | Major | - | Intermediate | 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 | 159.78 | 161.91 | 163.12 | 165.25 | 166.46 | 168.59 | 169.80 |
Camarilla | 163.40 | 163.71 | 164.01 | 164.32 | 164.63 | 164.93 | 165.24 |
Woodie | 159.31 | 161.68 | 162.65 | 165.02 | 165.99 | 168.36 | 169.33 |
Fibonacci | 161.91 | 163.19 | 163.98 | 165.25 | 166.53 | 167.32 | 168.59 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 161.02 | 162.71 | 166.02 | 167.71 | 171.02 | 172.71 | 176.02 |
Camarilla | 167.96 | 168.41 | 168.87 | 169.33 | 169.79 | 170.25 | 170.71 |
Woodie | 161.83 | 163.12 | 166.83 | 168.12 | 171.83 | 173.12 | 176.83 |
Fibonacci | 162.71 | 164.62 | 165.80 | 167.71 | 169.62 | 170.80 | 172.71 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 153.81 | 158.04 | 163.16 | 167.39 | 172.51 | 176.74 | 181.86 |
Camarilla | 165.71 | 166.57 | 167.42 | 168.28 | 169.14 | 169.99 | 170.85 |
Woodie | 154.26 | 158.26 | 163.61 | 167.61 | 172.96 | 176.96 | 182.31 |
Fibonacci | 158.04 | 161.61 | 163.82 | 167.39 | 170.96 | 173.17 | 176.74 |
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): | 33.55 | |
MACD (12,26,9): | -0.5900 | |
Directional Movement: | -19.71 | |
AROON (14): | -42.86 | |
DEMA (21): | 163.90 | |
Parabolic SAR (0,02-0,02-0,2): | 165.74 | |
Elder Ray (13): | -0.26 | |
Super Trend (3,10): | 165.29 | |
Zig ZAG (10): | 164.21 | |
VORTEX (21): | 0.7800 | |
Stochastique (14,3,5): | 18.52 | |
TEMA (21): | 163.89 | |
Williams %R (14): | -77.78 | |
Chande Momentum Oscillator (20): | 0.00 | |
Repulse (5,40,3): | 0.0600 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0600 | |
Courbe Coppock: | 0.78 |
MA7: | 166.78 | |
MA20: | 165.38 | |
MA50: | 163.95 | |
MA100: | 161.67 | |
MAexp7: | 164.30 | |
MAexp20: | 164.74 | |
MAexp50: | 165.82 | |
MAexp100: | 166.51 | |
Price / MA7: | -1.47% | |
Price / MA20: | -0.63% | |
Price / MA50: | +0.23% | |
Price / MA100: | +1.65% | |
Price / MAexp7: | +0.02% | |
Price / MAexp20: | -0.25% | |
Price / MAexp50: | -0.90% | |
Price / MAexp100: | -1.31% |
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:
- Technical Analysis: 02/04/2024 - EURJPY pulls back towards crucial trendline
- EUR/JPY Forecast April 1, 2024
- Technical Analysis: 27/03/2024 - Will EURJPY re-test the 16-year high soon?
- Technical Analysis: 12/03/2024 - EURJPY drops below ascending channel
- Technical Analysis: 05/03/2024 - EURJPY recovers from mild pullback
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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 - 1H