EUR/JPY - 1H - Technical analysis published on 06/05/2020 (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:
Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 123.56 JPY
My targets
125.20 JPY (+1.15)
127.09 JPY (+3.04)
My analysis
The bullish trend is currently very strong on EUR/JPY. As long as the price remains above the support at 123.56 JPY, you could try to benefit from the boom. The first bullish objective is located at 125.20 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 127.09 JPY as an objective. Crossing it would then enable buyers to target 129.36 JPY. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.7
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This analysis was given by Remo. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/JPY rating is 124.05 JPY. The price has increased by +0.26% since the last closing and was traded between 123.54 JPY and 124.43 JPY over the period. The price is currently at +0.41% from its lowest and -0.31% from its highest.123.54
124.43
124.05
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
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 bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of triangle is broken
Type : Bullish
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 | 121.84 | 122.83 | 123.98 | 124.05 | 125.20 | 129.36 | 133.02 |
| Change (%) | -1.78% | -0.98% | -0.06% | - | +0.93% | +4.28% | +7.23% |
| Change | -2.21 | -1.22 | -0.07 | - | +1.15 | +5.31 | +8.97 |
| Level | Minor | Intermediate | Intermediate | - | Major | Minor | Intermediate |
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 | 120.25 | 121.04 | 122.39 | 123.18 | 124.53 | 125.32 | 126.67 |
| Camarilla | 123.14 | 123.34 | 123.53 | 123.73 | 123.93 | 124.12 | 124.32 |
| Woodie | 120.52 | 121.18 | 122.66 | 123.32 | 124.80 | 125.46 | 126.94 |
| Fibonacci | 121.04 | 121.86 | 122.37 | 123.18 | 124.00 | 124.51 | 125.32 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 115.10 | 116.09 | 117.92 | 118.91 | 120.74 | 121.73 | 123.56 |
| Camarilla | 118.97 | 119.23 | 119.49 | 119.75 | 120.01 | 120.27 | 120.53 |
| Woodie | 115.52 | 116.30 | 118.34 | 119.12 | 121.16 | 121.94 | 123.98 |
| Fibonacci | 116.09 | 117.17 | 117.83 | 118.91 | 119.99 | 120.65 | 121.73 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 110.68 | 112.56 | 116.15 | 118.03 | 121.62 | 123.50 | 127.09 |
| Camarilla | 118.25 | 118.75 | 119.25 | 119.75 | 120.25 | 120.75 | 121.25 |
| Woodie | 111.55 | 112.99 | 117.02 | 118.46 | 122.49 | 123.93 | 127.96 |
| Fibonacci | 112.56 | 114.65 | 115.94 | 118.03 | 120.12 | 121.41 | 123.50 |
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): | 61.80 | |
| MACD (12,26,9): | 0.2700 | |
| Directional Movement: | 11.36 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 124.11 | |
| Parabolic SAR (0,02-0,02-0,2): | 124.35 | |
| Elder Ray (13): | 0.07 | |
| Super Trend (3,10): | 123.46 | |
| Zig ZAG (10): | 123.99 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 36.33 | |
| TEMA (21): | 124.04 | |
| Williams %R (14): | -48.31 | |
| Chande Momentum Oscillator (20): | 0.37 | |
| Repulse (5,40,3): | 0.1500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 0.34 |
| MA7: | 121.51 | |
| MA20: | 118.67 | |
| MA50: | 117.68 | |
| MA100: | 118.75 | |
| MAexp7: | 123.89 | |
| MAexp20: | 123.71 | |
| MAexp50: | 123.04 | |
| MAexp100: | 122.08 | |
| Price / MA7: | +2.09% | |
| Price / MA20: | +4.53% | |
| Price / MA50: | +5.41% | |
| Price / MA100: | +4.46% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | +0.27% | |
| Price / MAexp50: | +0.82% | |
| Price / MAexp100: | +1.61% |
Quotes :
2020-06-05 13:33:56
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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:
-
EURUSD Ready for ECB and NFPs, EURJPY and Dow Rally as Risk Drives
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EURJPY Drops to 3-Year Low as EU Recession Weighs, BOE Ahead
-
Weekly Technical Analysis: 24/02/2020 - USDJPY, EURJPY, USDCAD
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Weekly Technical Analysis: 04/11/2019 - GBPUSD, EURJPY, NZDUSD
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FX Price Action Setups in EUR/USD, USD/CAD, EUR/JPY and GBP/JPY
This member declared not having a position on this financial instrument or a related financial instrument.
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