EUR/JPY - 1H - Technical analysis published on 10/14/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
44%
22%
33%
My opinion
Bearish under 124.20 JPY
My targets
123.54 JPY (-0.37)
123.29 JPY (-0.62)
My analysis
The bearish trend is currently very strong for EUR/JPY. As long as the price remains below the resistance at 124.20 JPY, you could try to take advantage of the bearish rally. The first bearish objective is located at 123.54 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 123.29 JPY as an objective. Crossing it would then enable sellers to target 123.02 JPY. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/JPY price is 123.91 JPY. The price registered an increase of +0.06% on the session with the lowest point at 123.64 JPY and the highest point at 123.92 JPY. The deviation from the price is +0.22% for the low point and -0.01% for the high point.123.64
123.92
123.91
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
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.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal support 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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 123.29 | 123.54 | 123.85 | 123.91 | 124.20 | 124.48 | 124.77 |
| Change (%) | -0.50% | -0.30% | -0.05% | - | +0.23% | +0.46% | +0.69% |
| Change | -0.62 | -0.37 | -0.06 | - | +0.29 | +0.57 | +0.86 |
| Level | Minor | Minor | Minor | - | Minor | Intermediate | Intermediate |
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 | 122.93 | 123.37 | 123.60 | 124.04 | 124.27 | 124.71 | 124.94 |
| Camarilla | 123.66 | 123.72 | 123.78 | 123.84 | 123.90 | 123.96 | 124.02 |
| Woodie | 122.84 | 123.32 | 123.51 | 123.99 | 124.18 | 124.66 | 124.85 |
| Fibonacci | 123.37 | 123.62 | 123.78 | 124.04 | 124.29 | 124.45 | 124.71 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 128.64 | 129.66 | 130.23 | 131.25 | 131.82 | 132.84 | 133.41 |
| Camarilla | 130.35 | 130.50 | 130.64 | 130.79 | 130.94 | 131.08 | 131.23 |
| Woodie | 128.41 | 129.55 | 130.00 | 131.14 | 131.59 | 132.73 | 133.18 |
| Fibonacci | 129.66 | 130.27 | 130.65 | 131.25 | 131.86 | 132.24 | 132.84 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 43.12 | |
| MACD (12,26,9): | -0.1200 | |
| Directional Movement: | -10.34 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 123.77 | |
| Parabolic SAR (0,02-0,02-0,2): | 124.41 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 124.13 | |
| Zig ZAG (10): | 123.88 | |
| VORTEX (21): | 0.8300 | |
| Stochastique (14,3,5): | 62.98 | |
| TEMA (21): | 123.76 | |
| Williams %R (14): | -21.88 | |
| Chande Momentum Oscillator (20): | -0.01 | |
| Repulse (5,40,3): | 0.0900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.33 |
| MA7: | 123.95 | |
| MA20: | 123.65 | |
| MA50: | 124.73 | |
| MA100: | 123.39 | |
| MAexp7: | 123.85 | |
| MAexp20: | 123.93 | |
| MAexp50: | 124.15 | |
| MAexp100: | 124.29 | |
| Price / MA7: | -0.03% | |
| Price / MA20: | +0.21% | |
| Price / MA50: | -0.66% | |
| Price / MA100: | +0.42% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | -0.19% | |
| Price / MAexp100: | -0.31% |
Quotes :
2020-10-14 06:56:56
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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
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Weekly Technical Analysis: 24/02/2020 - USDJPY, EURJPY, USDCAD
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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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