EUR/JPY

- JPY (-)

- Real time data - Forex

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Type:	Forex
Ticker:	EURJPY
ISIN:

EUR/JPY - 1H - Technical analysis published on 05/16/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Neutral

Underlying: Neutral

Technical indicators

61%

39%

My opinion

Neutral between 168.07 JPY and 168.68 JPY

My targets

My analysis

The short-term and basic trend is neutral. In this situation, the price of EUR/JPY could just as easily move towards the first resistance as the first support. No statistical advantage is given for one of these levels to be achieved before the other. It will be necessary to create a new automated analysis when the conditions have progressed. This may be the case, for example, when the first resistance has been broken above or the first support has been broken below. The first resistance is located at 168.68 JPY. The first support is located at 168.07 JPY.

In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.

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

Additional analysis

Quotes

The EUR/JPY rating is 168.37 JPY. The price has increased by +0.21% since the last closing and was between 167.33 JPY and 168.38 JPY. This implies that the price is at +0.62% from its lowest and at -0.01% from its highest.

167.33

168.38

168.37

Here is a more detailed summary of the historical variations registered by EUR/JPY:

The Central Records scanner for higher/lower results shows the following items:

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

A technical analysis in 1H of this EUR/JPY chart shows a neutral trend. This generally neutral trend is confirmed by the neutral signals currently given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

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
ProTrendLines	166.74	167.50	168.07	168.37	168.68	169.54
Change (%)	-0.97%	-0.52%	-0.18%	-	+0.18%	+0.69%
Change	-1.63	-0.87	-0.30	-	+0.31	+1.17
Level	Minor	Major	Minor	-	Minor	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	165.92	166.90	167.45	168.43	168.98	169.96	170.51
Camarilla	167.59	167.73	167.87	168.01	168.15	168.29	168.43
Woodie	165.72	166.79	167.25	168.32	168.78	169.85	170.31
Fibonacci	166.90	167.48	167.84	168.43	169.01	169.37	169.96

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	52.37
MACD (12,26,9):	-0.1400
Directional Movement:	-2.12
AROON (14):	-21.43
DEMA (21):	167.92
Parabolic SAR (0,02-0,02-0,2):	167.37
Elder Ray (13):	0.17
Super Trend (3,10):	168.56
Zig ZAG (10):	168.35
VORTEX (21):	0.9300
Stochastique (14,3,5):	69.95
TEMA (21):	167.93
Williams %R (14):	-15.70
Chande Momentum Oscillator (20):	0.34
Repulse (5,40,3):	0.2400
ROCnROLL:	-1
TRIX (15,9):	-0.0200
Courbe Coppock:	0.36

MA7:	168.07
MA20:	166.91
MA50:	164.83
MA100:	162.66
MAexp7:	168.10
MAexp20:	168.15
MAexp50:	168.37
MAexp100:	168.24
Price / MA7:	+0.18%
Price / MA20:	+0.87%
Price / MA50:	+2.15%
Price / MA100:	+3.51%
Price / MAexp7:	+0.16%
Price / MAexp20:	+0.13%
Price / MAexp50:	-0%
Price / MAexp100:	+0.08%

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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