EUR/JPY
EUR JPY
- JPY (-)
- Real time data - Forex
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Type: Forex
Ticker: EURJPY
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EUR/JPY - 1H - Technical analysis published on 09/08/2020 (GMT)

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  • Timeframe : 1H
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  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 125.29 JPY
My targets
124.26 JPY (-0.73)
122.83 JPY (-2.16)
My analysis
EUR/JPY is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 125.29 JPY. The next support located at 124.26 JPY is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 122.83 JPY. Below this support, sellers could then target 119.65 JPY. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.8

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 pyxis2025. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

EUR/JPY rating 124.99 JPY. The price is lower by -0.52% since the last closing and was traded between 124.69 JPY and 125.64 JPY over the period. The price is currently at +0.24% from its lowest and -0.52% from its highest.

124.69
125.64
124.99

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of EUR/JPY in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

On the 18 technical indicators analysed, 5 are bullish, 4 are neutral and 9 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

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


S3S2S1PriceR1R2R3
ProTrendLines 117.05 119.65 122.83 124.99 125.10 125.29 125.52
Change (%) -6.35% -4.27% -1.73% - +0.09% +0.24% +0.42%
Change -7.94 -5.34 -2.16 - +0.11 +0.30 +0.53
Level Minor Intermediate Major - Major Intermediate Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard125.03125.27125.46125.70125.89126.13126.32
Camarilla125.52125.56125.60125.64125.68125.72125.76
Woodie125.00125.26125.43125.69125.86126.12126.29
Fibonacci125.27125.44125.54125.70125.87125.97126.13


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard123.22124.26125.01126.05126.80127.84128.59
Camarilla125.28125.44125.61125.77125.93126.10126.26
Woodie123.09124.19124.88125.98126.67127.77128.46
Fibonacci124.26124.94125.36126.05126.73127.15127.84


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard121.87122.93124.73125.79127.59128.65130.45
Camarilla125.74126.01126.27126.53126.79127.05127.32
Woodie122.24123.12125.10125.98127.96128.84130.82
Fibonacci122.93124.02124.70125.79126.88127.56128.65

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): 30.79
MACD (12,26,9): -0.1700
Directional Movement: -23.57
AROON (14): -50.00
DEMA (21): 125.06
Parabolic SAR (0,02-0,02-0,2): 125.40
Elder Ray (13): -0.21
Super Trend (3,10): 125.51
Zig ZAG (10): 124.98
VORTEX (21): 0.8400
Stochastique (14,3,5): 28.77
TEMA (21): 124.96
Williams %R (14): -68.42
Chande Momentum Oscillator (20): -0.53
Repulse (5,40,3): 0.0300
ROCnROLL: 2
TRIX (15,9): -0.0100
Courbe Coppock: 0.75
MA7: 125.81
MA20: 125.73
MA50: 124.12
MA100: 121.42
MAexp7: 125.05
MAexp20: 125.26
MAexp50: 125.47
MAexp100: 125.63
Price / MA7: -0.65%
Price / MA20: -0.59%
Price / MA50: +0.70%
Price / MA100: +2.94%
Price / MAexp7: -0.05%
Price / MAexp20: -0.22%
Price / MAexp50: -0.38%
Price / MAexp100: -0.51%

Quotes : 2020-09-08 17:24:57 - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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