EUR/JPY
EUR JPY
- JPY (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURJPY
ISIN:

EUR/JPY - Daily - Technical analysis published on 10/26/2020 (GMT)

  • 109
  • 0
  • Timeframe : Daily
  • - Analysis generated on
  • Status : NEUTRAL

Summary of the analysis

Trends
Court terme: Bearish
De fond: Neutral
Technical indicators
28%
33%
39%
My opinion
Neutral between 122.83 JPY and 124.89 JPY
My targets
-
My analysis
The basic trend is neutral and the short term is tentatively bearish. With such a pattern, it is difficult to favour buying or selling. The first support is located at 122.83 JPY. The first resistance is located at 124.89 JPY. However, the probabilities of moving towards the first support before the first resistance are slightly higher. Without a basic trend, it is important to monitor the price response at these levels. A bearish break in the support or a bullish break in the resistance could provide a signal that would set the new direction of the basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement recorded by EUR/JPY.

In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The EUR/JPY price is 123.93 JPY. The price is lower by -0.24% since the last closing and was between 123.77 JPY and 124.21 JPY. This implies that the price is at +0.13% from its lowest and at -0.23% from its highest.

123.77
124.21
123.93

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of EUR/JPY in Daily shows a neutral overall trend. This indecision could turn into a bearish trend due to the slightly bearish signals currently given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily



An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 120.64 122.83 123.75 123.93 124.89 126.54 131.55
Change (%) -2.65% -0.89% -0.15% - +0.77% +2.11% +6.15%
Change -3.29 -1.10 -0.18 - +0.96 +2.61 +7.62
Level Minor Major Major - Major Major Minor



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
Standard122.84123.12123.68123.96124.52124.80125.36
Camarilla124.00124.08124.15124.23124.31124.38124.46
Woodie122.97123.19123.81124.03124.65124.87125.49
Fibonacci123.12123.44123.64123.96124.28124.48124.80


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard121.74122.55123.39124.20125.04125.85126.69
Camarilla123.78123.93124.08124.23124.38124.53124.68
Woodie121.76122.56123.41124.21125.06125.86126.71
Fibonacci122.55123.18123.57124.20124.83125.22125.85


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard116.95119.66121.65124.36126.35129.06131.05
Camarilla122.34122.77123.20123.63124.06124.49124.92
Woodie116.58119.48121.28124.18125.98128.88130.68
Fibonacci119.66121.46122.57124.36126.16127.27129.06

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): 48.09
MACD (12,26,9): -0.0600
Directional Movement: -4.12
AROON (14): -28.57
DEMA (21): 123.96
Parabolic SAR (0,02-0,02-0,2): 123.17
Elder Ray (13): -0.06
Super Trend (3,10): 125.32
Zig ZAG (10): 123.91
VORTEX (21): 1.0700
Stochastique (14,3,5): 49.04
TEMA (21): 124.00
Williams %R (14): -56.25
Chande Momentum Oscillator (20): -0.85
Repulse (5,40,3): 0.1400
ROCnROLL: 2
TRIX (15,9): -0.0100
Courbe Coppock: 0.06
MA7: 124.09
MA20: 124.09
MA50: 124.56
MA100: 123.56
MAexp7: 124.08
MAexp20: 124.08
MAexp50: 124.07
MAexp100: 123.33
Price / MA7: -0.13%
Price / MA20: -0.13%
Price / MA50: -0.51%
Price / MA100: +0.30%
Price / MAexp7: -0.12%
Price / MAexp20: -0.12%
Price / MAexp50: -0.11%
Price / MAexp100: +0.49%

Quotes : 2020-10-26 15:35:16 - Real time data - Forex

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

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