EUR/JPY - 1H - Technical analysis published on 05/15/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
22%
56%
22%
My opinion
Bearish under 168.55 JPY
My targets
167.50 JPY (-0.88)
165.65 JPY (-2.73)
My analysis
The strong short-term decline in EUR/JPY calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 168.55 JPY, one could consider taking advantage of the short-term movement. The first bearish objective is located at 167.50 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 165.65 JPY as an objective. Crossing it would then enable sellers to target 164.80 JPY. Be careful, a return to above 168.55 JPY could jeopardize the reversal.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
1.4
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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/JPY rating 168.38 JPY. On the day, this instrument lost -0.52% and was traded between 168.07 JPY and 169.40 JPY over the period. The price is currently at +0.18% from its lowest and -0.60% from its highest.168.07
169.40
168.38
A study of price movements over other periods shows the following variations:
Near a 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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EUR/JPY in 1H shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 4 are bullish, 4 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 164.80 | 165.65 | 167.50 | 168.38 | 168.55 | 169.54 |
| Change (%) | -2.13% | -1.62% | -0.52% | - | +0.10% | +0.69% |
| Change | -3.58 | -2.73 | -0.88 | - | +0.17 | +1.16 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Major |
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 | 167.90 | 168.23 | 168.74 | 169.07 | 169.58 | 169.91 | 170.42 |
| Camarilla | 169.03 | 169.11 | 169.18 | 169.26 | 169.34 | 169.41 | 169.49 |
| Woodie | 168.00 | 168.28 | 168.84 | 169.12 | 169.68 | 169.96 | 170.52 |
| Fibonacci | 168.23 | 168.55 | 168.75 | 169.07 | 169.39 | 169.59 | 169.91 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 161.95 | 163.20 | 165.49 | 166.74 | 169.03 | 170.28 | 172.57 |
| Camarilla | 166.82 | 167.14 | 167.47 | 167.79 | 168.12 | 168.44 | 168.76 |
| Woodie | 162.48 | 163.46 | 166.02 | 167.00 | 169.56 | 170.54 | 173.10 |
| Fibonacci | 163.20 | 164.55 | 165.38 | 166.74 | 168.09 | 168.92 | 170.28 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 36.10 | |
| MACD (12,26,9): | -0.1200 | |
| Directional Movement: | -26.41 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 168.74 | |
| Parabolic SAR (0,02-0,02-0,2): | 168.86 | |
| Elder Ray (13): | -0.30 | |
| Super Trend (3,10): | 169.13 | |
| Zig ZAG (10): | 168.44 | |
| VORTEX (21): | 0.8000 | |
| Stochastique (14,3,5): | 40.35 | |
| TEMA (21): | 168.53 | |
| Williams %R (14): | -72.18 | |
| Chande Momentum Oscillator (20): | -0.87 | |
| Repulse (5,40,3): | -0.1000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.75 |
| MA7: | 167.85 | |
| MA20: | 166.75 | |
| MA50: | 164.71 | |
| MA100: | 162.55 | |
| MAexp7: | 168.62 | |
| MAexp20: | 168.83 | |
| MAexp50: | 168.75 | |
| MAexp100: | 168.35 | |
| Price / MA7: | +0.32% | |
| Price / MA20: | +0.98% | |
| Price / MA50: | +2.23% | |
| Price / MA100: | +3.59% | |
| Price / MAexp7: | -0.14% | |
| Price / MAexp20: | -0.27% | |
| Price / MAexp50: | -0.22% | |
| Price / MAexp100: | +0.02% |
Quotes :
-
Real time data
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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.
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