EUR/JPY - 1H - Technical analysis published on 10/01/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 123.53 JPY
My targets
123.94 JPY (+0.17)
124.25 JPY (+0.48)
My analysis
Has the basic bullish 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 bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 123.53 JPY remains possible. It is advisable to trade EUR/JPY with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 123.53 JPY. The next bullish objective for buyers is set at 123.94 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 124.25 JPY. If there is any crossing, the next objective would be the resistance located at 125.10 JPY. PS: if there is a bearish break in the support located at 123.53 JPY we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.2
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This analysis was given by Ahmed93. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/JPY price is 123.77 JPY. On the day, this instrument gained +0.11% and was traded between 123.61 JPY and 124.03 JPY over the period. The price is currently at +0.13% from its lowest and -0.21% from its highest.123.61
124.03
123.77
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EUR/JPY in 1H shows an overall bullish trend. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 122.83 | 123.17 | 123.53 | 123.77 | 123.94 | 124.25 | 125.10 |
| Change (%) | -0.76% | -0.48% | -0.19% | - | +0.14% | +0.39% | +1.07% |
| Change | -0.94 | -0.60 | -0.24 | - | +0.17 | +0.48 | +1.33 |
| Level | Major | Major | Minor | - | Minor | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 122.64 | 123.08 | 123.36 | 123.80 | 124.08 | 124.52 | 124.80 |
| Camarilla | 123.43 | 123.50 | 123.56 | 123.63 | 123.70 | 123.76 | 123.83 |
| Woodie | 122.55 | 123.04 | 123.27 | 123.76 | 123.99 | 124.48 | 124.71 |
| Fibonacci | 123.08 | 123.36 | 123.53 | 123.80 | 124.08 | 124.25 | 124.52 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 120.81 | 121.66 | 122.23 | 123.08 | 123.65 | 124.50 | 125.07 |
| Camarilla | 122.40 | 122.53 | 122.66 | 122.79 | 122.92 | 123.05 | 123.18 |
| Woodie | 120.66 | 121.59 | 122.08 | 123.01 | 123.50 | 124.43 | 124.92 |
| Fibonacci | 121.66 | 122.21 | 122.54 | 123.08 | 123.63 | 123.96 | 124.50 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 116.95 | 119.66 | 121.65 | 124.36 | 126.35 | 129.06 | 131.05 |
| Camarilla | 122.34 | 122.77 | 123.20 | 123.63 | 124.06 | 124.49 | 124.92 |
| Woodie | 116.58 | 119.48 | 121.28 | 124.18 | 125.98 | 128.88 | 130.68 |
| Fibonacci | 119.66 | 121.46 | 122.57 | 124.36 | 126.16 | 127.27 | 129.06 |
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): | 55.21 | |
| MACD (12,26,9): | 0.0400 | |
| Directional Movement: | 2.73 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 123.84 | |
| Parabolic SAR (0,02-0,02-0,2): | 123.66 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 124.12 | |
| Zig ZAG (10): | 123.86 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 74.67 | |
| TEMA (21): | 123.85 | |
| Williams %R (14): | -36.00 | |
| Chande Momentum Oscillator (20): | 0.27 | |
| Repulse (5,40,3): | -0.0400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.28 |
| MA7: | 123.32 | |
| MA20: | 124.22 | |
| MA50: | 124.81 | |
| MA100: | 122.77 | |
| MAexp7: | 123.83 | |
| MAexp20: | 123.80 | |
| MAexp50: | 123.69 | |
| MAexp100: | 123.50 | |
| Price / MA7: | +0.36% | |
| Price / MA20: | -0.36% | |
| Price / MA50: | -0.83% | |
| Price / MA100: | +0.81% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | +0.07% | |
| Price / MAexp100: | +0.23% |
Quotes :
2020-10-01 08:34:40
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Real time data
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Forex
News
Don"t forget to follow the news on EUR/JPY. At the time of publication of this analysis, the latest news 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
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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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