EUR/JPY
EUR JPY
- JPY (-)
- Real time data - Forex
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Type: Forex
Ticker: EURJPY
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EUR/JPY - 15 min. - Technical analysis published on 09/18/2020 (GMT)

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  • Timeframe : 15 min.
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Summary of the analysis

Trends
Court terme: Neutral
De fond: Bearish
Technical indicators
56%
11%
33%
My opinion
Bearish under 123.84 JPY
My targets
123.51 JPY (-0.23)
122.98 JPY (-0.76)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 123.84 JPY remains possible. It is advisable to trade EUR/JPY with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 123.84 JPY. The next bearish objective for sellers is set at 123.51 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 122.98 JPY. In case of crossing, the next objective would be the support located at 122.65 JPY. PS: if there is a bullish break in the resistance located at 123.84 JPY we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.1

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This analysis was given by pyxis2025. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The EUR/JPY price is 123.74 JPY. The price registered a decrease of -0.24% on the session and was between 123.43 JPY and 124.31 JPY. This implies that the price is at +0.25% from its lowest and at -0.46% from its highest.

123.43
124.31
123.74

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 this 15 min. chart of EUR/JPY indicates that the overall trend is bearish. The signals given by moving averages are 64.29% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 15 minutes



The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

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


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 15 minutes


Momentum indicator is back over 0

Type : Bullish

Timeframe : 15 minutes


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 15 minutes



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : 15 minutes


Support of triangle is broken

Type : Bearish

Timeframe : 15 minutes



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 120.64 122.83 123.32 123.74 123.75 124.43 125.10
Change (%) -2.51% -0.74% -0.34% - +0.01% +0.56% +1.10%
Change -3.10 -0.91 -0.42 - +0.01 +0.69 +1.36
Level Minor Intermediate Intermediate - Major Intermediate Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard122.65122.98123.51123.84124.37124.70125.23
Camarilla123.80123.88123.96124.04124.12124.20124.28
Woodie122.75123.03123.61123.89124.47124.75125.33
Fibonacci122.98123.31123.51123.84124.17124.37124.70


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): 41.95
MACD (12,26,9): -0.1100
Directional Movement: -4.47
AROON (14): -71.43
DEMA (21): 123.54
Parabolic SAR (0,02-0,02-0,2): 123.44
Elder Ray (13): 0.01
Super Trend (3,10): 123.84
Zig ZAG (10): 123.66
VORTEX (21): 0.9200
Stochastique (14,3,5): 61.49
TEMA (21): 123.52
Williams %R (14): -14.29
Chande Momentum Oscillator (20): 0.06
Repulse (5,40,3): 0.0500
ROCnROLL: -1
TRIX (15,9): -0.0200
Courbe Coppock: 0.27
MA7: 124.76
MA20: 125.34
MA50: 124.71
MA100: 122.09
MAexp7: 123.63
MAexp20: 123.69
MAexp50: 123.85
MAexp100: 123.91
Price / MA7: -0.82%
Price / MA20: -1.28%
Price / MA50: -0.78%
Price / MA100: +1.35%
Price / MAexp7: +0.09%
Price / MAexp20: +0.04%
Price / MAexp50: -0.09%
Price / MAexp100: -0.14%

Quotes : 2020-09-18 13:29:48 - Real time data - Forex

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

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