EUR/JPY
EUR JPY
123.80 JPY (-0.19%)
Real time data - Forex
Open: 124.04
Change: -0.24
Volume: 160,155
Low: 123.43
High: 124.31
High / Low range: 0.88
Type: Forex
Ticker: EURJPY
ISIN:

EUR/JPY - 1H - Technical analysis published on 09/16/2020

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  • Timeframe : 1H
  • - Analysis generated on 2020-09-16 15:12:39
  • Status : TARGET REACHED

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

This analysis was given by pyxis2025. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly
Attention: This analysis is for information purposes only and does not constitute personalized investment advice or an incentive 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 analysis. 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.

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:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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:

Central Indicators

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

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard123.44124.09124.46125.11125.48126.13126.50
Camarilla124.54124.63124.73124.82124.91125.01125.10
Woodie123.29124.02124.31125.04125.33126.06126.35
Fibonacci124.09124.48124.72125.11125.50125.74126.13


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard122.58123.50124.63125.55126.68127.60128.73
Camarilla125.20125.38125.57125.76125.95126.14126.32
Woodie122.69123.55124.74125.60126.79127.65128.84
Fibonacci123.50124.28124.77125.55126.33126.82127.60


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 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 - Real time data - Forex

News


The latest news and videos published on EUR/JPY at the time of the analysis were as follows:

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

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