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EUR/JPY
EUR JPY
- JPY (-)
- Real time data - Forex
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Type: Forex
Ticker: EURJPY
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EUR/JPY - 1H - Technical analysis published on 11/10/2020 (GMT)

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Londinia
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Court terme: Neutral
De fond: Bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 123.75 JPY
My targets
124.86 JPY (+0.75)
125.14 JPY (+1.03)
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 123.75 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 123.75 JPY. The next bullish objective for buyers is set at 124.86 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 125.14 JPY. If there is any crossing, the next objective would be the resistance located at 126.54 JPY. PS: if there is a bearish break in the support located at 123.75 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.

Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
3.2

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.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

EUR/JPY rating 124.11 JPY. The price registered a decrease of -0.17% on the session with the lowest point at 123.99 JPY and the highest point at 124.48 JPY. The deviation from the price is +0.10% for the low point and -0.30% for the high point.

123.99
124.48
124.11

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

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 bullish. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bearish. The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Pivot points : price is over resistance 2

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:

Central Patterns

Resistance of triangle is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 122.83 123.18 123.75 124.11 124.86 125.14 126.54
Change (%) -1.03% -0.75% -0.29% - +0.60% +0.83% +1.96%
Change -1.28 -0.93 -0.36 - +0.75 +1.03 +2.43
Level Major Minor Intermediate - Intermediate Major Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard120.49121.59122.95124.05125.41126.51127.87
Camarilla123.64123.87124.09124.32124.55124.77125.00
Woodie120.63121.66123.09124.12125.55126.58128.01
Fibonacci121.59122.53123.11124.05124.99125.57126.51


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard120.41121.05121.89122.53123.37124.01124.85
Camarilla122.31122.45122.58122.72122.86122.99123.13
Woodie120.50121.10121.98122.58123.46124.06124.94
Fibonacci121.05121.62121.97122.53123.10123.45124.01


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard117.14119.38120.62122.86124.10126.34127.58
Camarilla120.91121.23121.55121.87122.19122.51122.83
Woodie116.65119.13120.13122.61123.61126.09127.09
Fibonacci119.38120.71121.53122.86124.19125.01126.34

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): 54.35
MACD (12,26,9): 0.1800
Directional Movement: 8.81
AROON (14): -50.00
DEMA (21): 124.46
Parabolic SAR (0,02-0,02-0,2): 124.81
Elder Ray (13): 0.06
Super Trend (3,10): 123.75
Zig ZAG (10): 124.19
VORTEX (21): 1.1700
Stochastique (14,3,5): 30.96
TEMA (21): 124.34
Williams %R (14): -76.92
Chande Momentum Oscillator (20): -0.59
Repulse (5,40,3): -0.1200
ROCnROLL: -1
TRIX (15,9): 0.0300
Courbe Coppock: 0.60
MA7: 123.03
MA20: 123.30
MA50: 123.93
MA100: 123.78
MAexp7: 124.26
MAexp20: 124.16
MAexp50: 123.69
MAexp100: 123.24
Price / MA7: +0.88%
Price / MA20: +0.66%
Price / MA50: +0.15%
Price / MA100: +0.27%
Price / MAexp7: -0.12%
Price / MAexp20: -0.04%
Price / MAexp50: +0.34%
Price / MAexp100: +0.71%

Quotes : 2020-11-10 07:55:04 - Real time data - Forex

News


The last news published on EUR/JPY at the time of the generation of this analysis was as follows:

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

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