EUR/JPY - 1H - Technical analysis published on 09/16/2020 (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:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 124.42 JPY
My targets
123.50 JPY (-0.63)
122.83 JPY (-1.30)
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 124.42 JPY. The sellers” bearish objective is set at 123.50 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 120.64 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 confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.7
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Additional analysis
Quotes
The EUR/JPY rating is 124.13 JPY. On the day, this instrument lost -0.55% with the lowest point at 123.89 JPY and the highest point at 125.02 JPY. The deviation from the price is +0.19% for the low point and -0.71% for the high point.123.89
125.02
124.13
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/JPY chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 11 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 2
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 119.65 | 120.64 | 122.83 | 124.13 | 124.42 | 124.85 | 125.10 |
| Change (%) | -3.61% | -2.81% | -1.05% | - | +0.23% | +0.58% | +0.78% |
| Change | -4.48 | -3.49 | -1.30 | - | +0.29 | +0.72 | +0.97 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 123.44 | 124.09 | 124.46 | 125.11 | 125.48 | 126.13 | 126.50 |
| Camarilla | 124.54 | 124.63 | 124.73 | 124.82 | 124.91 | 125.01 | 125.10 |
| Woodie | 123.29 | 124.02 | 124.31 | 125.04 | 125.33 | 126.06 | 126.35 |
| Fibonacci | 124.09 | 124.48 | 124.72 | 125.11 | 125.50 | 125.74 | 126.13 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 122.58 | 123.50 | 124.63 | 125.55 | 126.68 | 127.60 | 128.73 |
| Camarilla | 125.20 | 125.38 | 125.57 | 125.76 | 125.95 | 126.14 | 126.32 |
| Woodie | 122.69 | 123.55 | 124.74 | 125.60 | 126.79 | 127.65 | 128.84 |
| Fibonacci | 123.50 | 124.28 | 124.77 | 125.55 | 126.33 | 126.82 | 127.60 |
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): | 26.89 | |
| MACD (12,26,9): | -0.2500 | |
| Directional Movement: | -28.94 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 124.34 | |
| Parabolic SAR (0,02-0,02-0,2): | 124.91 | |
| Elder Ray (13): | -0.43 | |
| Super Trend (3,10): | 124.73 | |
| Zig ZAG (10): | 124.12 | |
| VORTEX (21): | 0.7500 | |
| Stochastique (14,3,5): | 10.72 | |
| TEMA (21): | 124.24 | |
| Williams %R (14): | -78.76 | |
| Chande Momentum Oscillator (20): | -0.67 | |
| Repulse (5,40,3): | -0.4300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.52 |
| MA7: | 125.10 | |
| MA20: | 125.47 | |
| MA50: | 124.59 | |
| MA100: | 121.96 | |
| MAexp7: | 124.42 | |
| MAexp20: | 124.65 | |
| MAexp50: | 124.99 | |
| MAexp100: | 125.21 | |
| Price / MA7: | -0.78% | |
| Price / MA20: | -1.07% | |
| Price / MA50: | -0.37% | |
| Price / MA100: | +1.78% | |
| Price / MAexp7: | -0.23% | |
| Price / MAexp20: | -0.42% | |
| Price / MAexp50: | -0.69% | |
| Price / MAexp100: | -0.86% |
Quotes :
2020-09-16 15:12:38
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Real time data
-
Forex
News
The latest news and videos published on EUR/JPY at the time of the analysis were 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
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Weekly Technical Analysis: 24/02/2020 - USDJPY, EURJPY, USDCAD
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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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