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.
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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 123.93 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.
Bearish opening
Type : Bearish
Timeframe : Openning
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 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:
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:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 122.84 | 123.12 | 123.68 | 123.96 | 124.52 | 124.80 | 125.36 |
Camarilla | 124.00 | 124.08 | 124.15 | 124.23 | 124.31 | 124.38 | 124.46 |
Woodie | 122.97 | 123.19 | 123.81 | 124.03 | 124.65 | 124.87 | 125.49 |
Fibonacci | 123.12 | 123.44 | 123.64 | 123.96 | 124.28 | 124.48 | 124.80 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 121.74 | 122.55 | 123.39 | 124.20 | 125.04 | 125.85 | 126.69 |
Camarilla | 123.78 | 123.93 | 124.08 | 124.23 | 124.38 | 124.53 | 124.68 |
Woodie | 121.76 | 122.56 | 123.41 | 124.21 | 125.06 | 125.86 | 126.71 |
Fibonacci | 122.55 | 123.18 | 123.57 | 124.20 | 124.83 | 125.22 | 125.85 |
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 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
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Real time data
-
Forex
News
The latest news and videos published on EUR/JPY at the time of the analysis were 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
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…
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