EUR/JPY - 1H - Technical analysis published on 09/17/2020 (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
44%
22%
33%
My opinion
Bearish under 123.84 JPY
My targets
122.83 JPY (-0.88)
122.58 JPY (-1.13)
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 123.84 JPY. The next support located at 122.83 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 122.58 JPY. Below this support, sellers could then target 120.64 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
5.4
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Additional analysis
Quotes
The EUR/JPY rating is 123.71 JPY. On the day, this instrument lost -0.25% with the lowest point at 123.31 JPY and the highest point at 124.03 JPY. The deviation from the price is +0.32% for the low point and -0.26% for the high point.123.31
124.03
123.71
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EUR/JPY indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 8 are bullish, 6 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
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 these results:
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 which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 119.65 | 120.64 | 122.83 | 123.71 | 123.84 | 124.43 | 125.10 |
| Change (%) | -3.28% | -2.48% | -0.71% | - | +0.11% | +0.58% | +1.12% |
| Change | -4.06 | -3.07 | -0.88 | - | +0.13 | +0.72 | +1.39 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Intermediate | Major |
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 | 122.39 | 123.11 | 123.57 | 124.29 | 124.75 | 125.47 | 125.93 |
| Camarilla | 123.70 | 123.80 | 123.91 | 124.02 | 124.13 | 124.24 | 124.34 |
| Woodie | 122.25 | 123.05 | 123.43 | 124.23 | 124.61 | 125.41 | 125.79 |
| Fibonacci | 123.11 | 123.56 | 123.84 | 124.29 | 124.74 | 125.02 | 125.47 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 33.41 | |
| MACD (12,26,9): | -0.2900 | |
| Directional Movement: | -27.66 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 123.49 | |
| Parabolic SAR (0,02-0,02-0,2): | 123.76 | |
| Elder Ray (13): | -0.10 | |
| Super Trend (3,10): | 124.08 | |
| Zig ZAG (10): | 123.74 | |
| VORTEX (21): | 0.7800 | |
| Stochastique (14,3,5): | 30.04 | |
| TEMA (21): | 123.45 | |
| Williams %R (14): | -48.72 | |
| Chande Momentum Oscillator (20): | -0.31 | |
| Repulse (5,40,3): | 0.2200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 0.83 |
| MA7: | 124.95 | |
| MA20: | 125.38 | |
| MA50: | 124.64 | |
| MA100: | 122.02 | |
| MAexp7: | 123.63 | |
| MAexp20: | 123.87 | |
| MAexp50: | 124.38 | |
| MAexp100: | 124.80 | |
| Price / MA7: | -0.99% | |
| Price / MA20: | -1.33% | |
| Price / MA50: | -0.75% | |
| Price / MA100: | +1.39% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | -0.14% | |
| Price / MAexp50: | -0.55% | |
| Price / MAexp100: | -0.88% |
Quotes :
2020-09-17 08:23:51
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Real time data
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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
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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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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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