EUR/JPY - 1H - Technical analysis published on 05/15/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 115.61 JPY
My targets
116.39 JPY (+0.28)
116.85 JPY (+0.74)
My analysis
EUR/JPY is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 115.61 JPY. The next resistance located at 116.39 JPY is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 116.85 JPY. After this resistance, buyers could then target 117.19 JPY.
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
0
10
6.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/JPY price is 116.11 JPY. The price registered an increase of +0.09% on the session with the lowest point at 115.47 JPY and the highest point at 116.20 JPY. The deviation from the price is +0.55% for the low point and -0.08% for the high point.115.47
116.20
116.11
Here is a more detailed summary of the historical variations registered by EUR/JPY:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EUR/JPY in 1H shows an overall bullish trend. The signals returned by the moving averages are 71.43% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
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
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 115.32 | 115.61 | 116.10 | 116.11 | 116.39 | 116.85 | 117.19 |
| Change (%) | -0.68% | -0.43% | -0.01% | - | +0.24% | +0.64% | +0.93% |
| Change | -0.79 | -0.50 | -0.01 | - | +0.28 | +0.74 | +1.08 |
| Level | Intermediate | Minor | Major | - | Intermediate | Intermediate | 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 | 114.82 | 115.07 | 115.54 | 115.79 | 116.26 | 116.51 | 116.98 |
| Camarilla | 115.81 | 115.88 | 115.94 | 116.01 | 116.08 | 116.14 | 116.21 |
| Woodie | 114.93 | 115.13 | 115.65 | 115.85 | 116.37 | 116.57 | 117.09 |
| Fibonacci | 115.07 | 115.35 | 115.52 | 115.79 | 116.07 | 116.24 | 116.51 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 111.28 | 112.85 | 114.25 | 115.82 | 117.22 | 118.79 | 120.19 |
| Camarilla | 114.82 | 115.10 | 115.37 | 115.64 | 115.91 | 116.18 | 116.46 |
| Woodie | 111.19 | 112.81 | 114.16 | 115.78 | 117.13 | 118.75 | 120.10 |
| Fibonacci | 112.85 | 113.99 | 114.69 | 115.82 | 116.96 | 117.66 | 118.79 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 111.98 | 113.72 | 115.57 | 117.31 | 119.16 | 120.90 | 122.75 |
| Camarilla | 116.44 | 116.77 | 117.10 | 117.43 | 117.76 | 118.09 | 118.42 |
| Woodie | 112.05 | 113.75 | 115.64 | 117.34 | 119.23 | 120.93 | 122.82 |
| Fibonacci | 113.72 | 115.09 | 115.94 | 117.31 | 118.68 | 119.53 | 120.90 |
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): | 61.67 | |
| MACD (12,26,9): | 0.0500 | |
| Directional Movement: | 11.34 | |
| AROON (14): | 14.29 | |
| DEMA (21): | 115.91 | |
| Parabolic SAR (0,02-0,02-0,2): | 115.50 | |
| Elder Ray (13): | 0.19 | |
| Super Trend (3,10): | 115.54 | |
| Zig ZAG (10): | 116.08 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 86.47 | |
| TEMA (21): | 115.97 | |
| Williams %R (14): | -15.07 | |
| Chande Momentum Oscillator (20): | 0.21 | |
| Repulse (5,40,3): | 0.1700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.03 |
| MA7: | 115.89 | |
| MA20: | 116.15 | |
| MA50: | 117.51 | |
| MA100: | 119.09 | |
| MAexp7: | 115.92 | |
| MAexp20: | 115.85 | |
| MAexp50: | 115.84 | |
| MAexp100: | 115.87 | |
| Price / MA7: | +0.19% | |
| Price / MA20: | -0.03% | |
| Price / MA50: | -1.19% | |
| Price / MA100: | -2.50% | |
| Price / MAexp7: | +0.16% | |
| Price / MAexp20: | +0.22% | |
| Price / MAexp50: | +0.23% | |
| Price / MAexp100: | +0.21% |
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:
-
EURJPY Drops to 3-Year Low as EU Recession Weighs, BOE Ahead
-
Weekly Technical Analysis: 24/02/2020 - USDJPY, EURJPY, USDCAD
-
Weekly Technical Analysis: 04/11/2019 - GBPUSD, EURJPY, NZDUSD
-
FX Price Action Setups in EUR/USD, USD/CAD, EUR/JPY and GBP/JPY
-
Weekly Technical Analysis: 08/07/2019 - EURJPY, GBPUSD, NZDUSD
This member declared not having a position on this financial instrument or a related financial instrument.
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