EUR/JPY - 1H - Technical analysis published on 09/25/2020 (GMT)
- Who voted?
- 111
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bearish
Technical indicators
17%
33%
50%
My opinion
Bearish under 123.32 JPY
My targets
122.58 JPY (-0.31)
121.74 JPY (-1.15)
My analysis
There is a bearish trend on EUR/JPY both at the basic level and in the short term. A sale could be considered, so long as the price remains below 123.32 JPY. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 122.58 JPY. Then the price could move towards 121.74 JPY. Then 120.64 JPY by extension. Be careful, a return to above the resistance 123.32 JPY would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.3
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever 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 content. 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.
This analysis was given by TheFuss. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/JPY price is 122.89 JPY. The price registered a decrease of -0.15% on the session with the lowest point at 122.87 JPY and the highest point at 123.16 JPY. The deviation from the price is +0.02% for the low point and -0.22% for the high point.122.87
123.16
122.89
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
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
Technical
Technical analysis of this 1H chart of EUR/JPY indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 3 are bullish, 9 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 120.64 | 122.58 | 122.83 | 122.89 | 123.32 | 123.75 | 124.31 |
| Change (%) | -1.83% | -0.25% | -0.05% | - | +0.35% | +0.70% | +1.16% |
| Change | -2.25 | -0.31 | -0.06 | - | +0.43 | +0.86 | +1.42 |
| Level | Minor | Major | Major | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 122.13 | 122.36 | 122.71 | 122.94 | 123.29 | 123.52 | 123.87 |
| Camarilla | 122.91 | 122.96 | 123.02 | 123.07 | 123.12 | 123.18 | 123.23 |
| Woodie | 122.20 | 122.39 | 122.78 | 122.97 | 123.36 | 123.55 | 123.94 |
| Fibonacci | 122.36 | 122.58 | 122.72 | 122.94 | 123.16 | 123.30 | 123.52 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 120.17 | 121.74 | 122.77 | 124.34 | 125.37 | 126.94 | 127.97 |
| Camarilla | 123.09 | 123.32 | 123.56 | 123.80 | 124.04 | 124.28 | 124.52 |
| Woodie | 119.90 | 121.61 | 122.50 | 124.21 | 125.10 | 126.81 | 127.70 |
| Fibonacci | 121.74 | 122.73 | 123.35 | 124.34 | 125.33 | 125.95 | 126.94 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 49.40 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 0.03 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 123.00 | |
| Parabolic SAR (0,02-0,02-0,2): | 122.91 | |
| Elder Ray (13): | -0.06 | |
| Super Trend (3,10): | 123.20 | |
| Zig ZAG (10): | 122.93 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 21.36 | |
| TEMA (21): | 123.01 | |
| Williams %R (14): | -96.30 | |
| Chande Momentum Oscillator (20): | -0.08 | |
| Repulse (5,40,3): | -0.1000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.16 |
| MA7: | 123.24 | |
| MA20: | 124.70 | |
| MA50: | 124.80 | |
| MA100: | 122.47 | |
| MAexp7: | 122.97 | |
| MAexp20: | 122.97 | |
| MAexp50: | 122.96 | |
| MAexp100: | 123.12 | |
| Price / MA7: | -0.28% | |
| Price / MA20: | -1.45% | |
| Price / MA50: | -1.53% | |
| Price / MA100: | +0.34% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | -0.06% | |
| Price / MAexp100: | -0.19% |
Quotes :
2020-09-25 06:12:07
-
Real time data
-
Forex
News
The last news published on EUR/JPY at the time of the generation of this analysis was 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
-
Weekly Technical Analysis: 24/02/2020 - USDJPY, EURJPY, USDCAD
-
Weekly Technical Analysis: 04/11/2019 - GBPUSD, EURJPY, NZDUSD
-
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.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis EUR/JPY - 1H