EUR/JPY - 1H - Technical analysis published on 05/29/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
22%
44%
33%
My opinion
Bullish above 118.64 JPY
My targets
119.40 JPY (+0.49)
120.45 JPY (+1.54)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on EUR/JPY. As long as you are above the support located at 118.64 JPY, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 119.40 JPY would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 120.45 JPY as an objective. Crossing it would then enable buyers to target 121.32 JPY. If the support 118.64 JPY were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
FORCE
0
10
2.5
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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 rating is 118.91 JPY. The price is lower by -0.28% since the last closing with the lowest point at 118.86 JPY and the highest point at 119.28 JPY. The deviation from the price is +0.04% for the low point and -0.31% for the high point.118.86
119.28
118.91
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of EUR/JPY in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
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.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 117.20 | 117.70 | 118.64 | 118.91 | 118.96 | 119.40 | 120.45 |
| Change (%) | -1.44% | -1.02% | -0.23% | - | +0.04% | +0.41% | +1.30% |
| Change | -1.71 | -1.21 | -0.27 | - | +0.05 | +0.49 | +1.54 |
| Level | Major | Intermediate | Intermediate | - | Minor | Intermediate | Minor |
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 | 117.76 | 118.12 | 118.68 | 119.04 | 119.60 | 119.96 | 120.52 |
| Camarilla | 118.99 | 119.07 | 119.16 | 119.24 | 119.32 | 119.41 | 119.49 |
| Woodie | 117.86 | 118.17 | 118.78 | 119.09 | 119.70 | 120.01 | 120.62 |
| Fibonacci | 118.12 | 118.47 | 118.69 | 119.04 | 119.39 | 119.61 | 119.96 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 113.11 | 114.42 | 115.89 | 117.20 | 118.67 | 119.98 | 121.45 |
| Camarilla | 116.59 | 116.84 | 117.10 | 117.35 | 117.61 | 117.86 | 118.12 |
| Woodie | 113.18 | 114.46 | 115.96 | 117.24 | 118.74 | 120.02 | 121.52 |
| Fibonacci | 114.42 | 115.49 | 116.14 | 117.20 | 118.27 | 118.92 | 119.98 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 47.13 | |
| MACD (12,26,9): | 0.0700 | |
| Directional Movement: | -3.27 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 119.13 | |
| Parabolic SAR (0,02-0,02-0,2): | 119.28 | |
| Elder Ray (13): | -0.08 | |
| Super Trend (3,10): | 118.76 | |
| Zig ZAG (10): | 118.91 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 6.86 | |
| TEMA (21): | 119.05 | |
| Williams %R (14): | -94.44 | |
| Chande Momentum Oscillator (20): | -0.47 | |
| Repulse (5,40,3): | -0.1900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.04 |
| MA7: | 118.23 | |
| MA20: | 116.91 | |
| MA50: | 117.45 | |
| MA100: | 118.75 | |
| MAexp7: | 119.01 | |
| MAexp20: | 119.00 | |
| MAexp50: | 118.75 | |
| MAexp100: | 118.39 | |
| Price / MA7: | +0.58% | |
| Price / MA20: | +1.71% | |
| Price / MA50: | +1.24% | |
| Price / MA100: | +0.13% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | +0.13% | |
| Price / MAexp100: | +0.44% |
Quotes :
2020-05-29 06:54:16
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Real time data
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Forex
News
The latest news and videos published on EUR/JPY at the time of the analysis were as follows:
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This member declared not having a position on this financial instrument or a related financial instrument.
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