EUR/JPY - 15 min. - Technical analysis published on 09/01/2020 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
11%
44%
44%
My opinion
Bullish above 126.26 JPY
My targets
127.12 JPY (+0.46)
127.71 JPY (+1.05)
My analysis
The basic bullish trend is very strong on EUR/JPY but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 126.26 JPY. Crossing the first resistance at 127.12 JPY would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 127.71 JPY as an objective. Crossing it would then enable buyers to target 128.57 JPY. Caution, a return to below 126.26 JPY would be a sign of a consolidation phase in the short-term basic trend. 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.
In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
3.2
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This analysis was given by Ahmed93. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/JPY rating 126.66 JPY. The price registered an increase of +0.10% on the session and was traded between 126.31 JPY and 126.84 JPY over the period. The price is currently at +0.28% from its lowest and -0.14% from its highest.126.31
126.84
126.66
Here is a more detailed summary of the historical variations registered by EUR/JPY:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this EUR/JPY chart shows a strongly bullish trend. The signals given by moving averages are 82.14% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 15 minutes
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : 15 minutes
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 124.90 | 125.10 | 126.15 | 126.66 | 126.85 | 127.26 | 131.55 |
| Change (%) | -1.39% | -1.23% | -0.40% | - | +0.15% | +0.47% | +3.86% |
| Change | -1.76 | -1.56 | -0.51 | - | +0.19 | +0.60 | +4.89 |
| Level | Minor | Major | Intermediate | - | Intermediate | Intermediate | Minor |
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 | 124.22 | 124.81 | 125.67 | 126.26 | 127.12 | 127.71 | 128.57 |
| Camarilla | 126.13 | 126.26 | 126.40 | 126.53 | 126.66 | 126.80 | 126.93 |
| Woodie | 124.36 | 124.88 | 125.81 | 126.33 | 127.26 | 127.78 | 128.71 |
| Fibonacci | 124.81 | 125.36 | 125.71 | 126.26 | 126.81 | 127.16 | 127.71 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 122.27 | 123.45 | 124.43 | 125.61 | 126.59 | 127.77 | 128.75 |
| Camarilla | 124.83 | 125.02 | 125.22 | 125.42 | 125.62 | 125.82 | 126.01 |
| Woodie | 122.18 | 123.40 | 124.34 | 125.56 | 126.50 | 127.72 | 128.66 |
| Fibonacci | 123.45 | 124.27 | 124.78 | 125.61 | 126.43 | 126.94 | 127.77 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 121.87 | 122.93 | 124.73 | 125.79 | 127.59 | 128.65 | 130.45 |
| Camarilla | 125.74 | 126.01 | 126.27 | 126.53 | 126.79 | 127.05 | 127.32 |
| Woodie | 122.24 | 123.12 | 125.10 | 125.98 | 127.96 | 128.84 | 130.82 |
| Fibonacci | 122.93 | 124.02 | 124.70 | 125.79 | 126.88 | 127.56 | 128.65 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 51.81 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 2.52 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 126.68 | |
| Parabolic SAR (0,02-0,02-0,2): | 126.78 | |
| Elder Ray (13): | -0.11 | |
| Super Trend (3,10): | 126.81 | |
| Zig ZAG (10): | 126.58 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 9.04 | |
| TEMA (21): | 126.64 | |
| Williams %R (14): | -82.86 | |
| Chande Momentum Oscillator (20): | -0.17 | |
| Repulse (5,40,3): | -0.0500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.09 |
| MA7: | 125.84 | |
| MA20: | 125.60 | |
| MA50: | 123.63 | |
| MA100: | 121.00 | |
| MAexp7: | 126.61 | |
| MAexp20: | 126.64 | |
| MAexp50: | 126.56 | |
| MAexp100: | 126.40 | |
| Price / MA7: | +0.65% | |
| Price / MA20: | +0.84% | |
| Price / MA50: | +2.45% | |
| Price / MA100: | +4.68% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.08% | |
| Price / MAexp100: | +0.21% |
Quotes :
2020-09-01 07:44:00
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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
-
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.
About author
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