EUR/JPY - 1H - Technical analysis published on 09/09/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 125.10 JPY
My targets
124.26 JPY (-0.42)
122.83 JPY (-1.85)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/JPY as long as the price remains well below 125.10 JPY. The sellers” bearish objective is set at 124.26 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 122.83 JPY. In case of crossing, the next objective would be the support located at 119.65 JPY. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
7.1
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Additional analysis
Quotes
EUR/JPY rating 124.68 JPY. On the day, this instrument lost -0.02% and was traded between 124.60 JPY and 124.71 JPY over the period. The price is currently at +0.06% from its lowest and -0.02% from its highest.124.60
124.71
124.68
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
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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 4 are neutral and 10 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 117.05 | 119.65 | 122.83 | 124.68 | 125.10 | 125.29 | 125.52 |
| Change (%) | -6.12% | -4.03% | -1.48% | - | +0.34% | +0.49% | +0.67% |
| Change | -7.63 | -5.03 | -1.85 | - | +0.42 | +0.61 | +0.84 |
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 122.98 | 123.70 | 124.20 | 124.92 | 125.42 | 126.14 | 126.64 |
| Camarilla | 124.37 | 124.48 | 124.59 | 124.70 | 124.81 | 124.92 | 125.04 |
| Woodie | 125.00 | 123.65 | 124.09 | 124.87 | 125.31 | 126.09 | 126.53 |
| Fibonacci | 125.27 | 125.44 | 125.54 | 125.70 | 125.87 | 125.97 | 126.13 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 123.22 | 124.26 | 125.01 | 126.05 | 126.80 | 127.84 | 128.59 |
| Camarilla | 125.28 | 125.44 | 125.61 | 125.77 | 125.93 | 126.10 | 126.26 |
| Woodie | 123.09 | 124.19 | 124.88 | 125.98 | 126.67 | 127.77 | 128.46 |
| Fibonacci | 124.26 | 124.94 | 125.36 | 126.05 | 126.73 | 127.15 | 127.84 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 20.02 | |
| MACD (12,26,9): | -0.2200 | |
| Directional Movement: | -31.37 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 124.75 | |
| Parabolic SAR (0,02-0,02-0,2): | 125.09 | |
| Elder Ray (13): | -0.25 | |
| Super Trend (3,10): | 125.19 | |
| Zig ZAG (10): | 124.68 | |
| VORTEX (21): | 0.8000 | |
| Stochastique (14,3,5): | 20.14 | |
| TEMA (21): | 124.70 | |
| Williams %R (14): | -71.15 | |
| Chande Momentum Oscillator (20): | -0.62 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.98 |
| MA7: | 125.76 | |
| MA20: | 125.64 | |
| MA50: | 124.19 | |
| MA100: | 121.50 | |
| MAexp7: | 124.82 | |
| MAexp20: | 125.01 | |
| MAexp50: | 125.31 | |
| MAexp100: | 125.52 | |
| Price / MA7: | -0.86% | |
| Price / MA20: | -0.76% | |
| Price / MA50: | +0.39% | |
| Price / MA100: | +2.62% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -0.26% | |
| Price / MAexp50: | -0.50% | |
| Price / MAexp100: | -0.67% |
Quotes :
2020-09-09 00:16:52
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Real time data
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Forex
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:
-
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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