EUR/JPY - 1H - Technical analysis published on 11/15/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Slightly bearish
Technical indicators
56%
6%
39%
My opinion
Neutral between 123.75 JPY and 124.31 JPY
My targets
-
My analysis
The short-term increase on EUR/JPY remains moderate but could challenge the slightly bearish basic trend. It is difficult to advise a trading direction under these conditions. The first resistance is located at 124.31 JPY. The first support is located at 123.75 JPY. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.
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This analysis was given by TheFuss. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/JPY rating 124.02 JPY. The price registered an increase of +0.18% on the session with the lowest point at 123.80 JPY and the highest point at 124.07 JPY. The deviation from the price is +0.18% for the low point and -0.04% for the high point.123.80
124.07
124.02
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EUR/JPY in 1H shows an overall slightly bearish trend. Only 46.43% of the signals given by moving averages are bearish. This slightly bearish trend could turn neutral or reverse given the slightly bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 123.18 | 123.75 | 123.99 | 124.02 | 124.31 | 124.86 | 125.14 |
| Change (%) | -0.68% | -0.22% | -0.02% | - | +0.23% | +0.68% | +0.90% |
| Change | -0.84 | -0.27 | -0.03 | - | +0.29 | +0.84 | +1.12 |
| Level | Minor | Major | Minor | - | Intermediate | Minor | Intermediate |
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 | 122.89 | 123.27 | 123.54 | 123.92 | 124.19 | 124.57 | 124.84 |
| Camarilla | 123.62 | 123.68 | 123.74 | 123.80 | 123.86 | 123.92 | 123.98 |
| Woodie | 122.83 | 123.24 | 123.48 | 123.89 | 124.13 | 124.54 | 124.78 |
| Fibonacci | 123.27 | 123.52 | 123.68 | 123.92 | 124.17 | 124.33 | 124.57 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 120.15 | 121.41 | 122.61 | 123.87 | 125.07 | 126.33 | 127.53 |
| Camarilla | 123.12 | 123.35 | 123.57 | 123.80 | 124.03 | 124.25 | 124.48 |
| Woodie | 120.11 | 121.40 | 122.57 | 123.86 | 125.03 | 126.32 | 127.49 |
| Fibonacci | 121.41 | 122.35 | 122.93 | 123.87 | 124.81 | 125.39 | 126.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 117.14 | 119.38 | 120.62 | 122.86 | 124.10 | 126.34 | 127.58 |
| Camarilla | 120.91 | 121.23 | 121.55 | 121.87 | 122.19 | 122.51 | 122.83 |
| Woodie | 116.65 | 119.13 | 120.13 | 122.61 | 123.61 | 126.09 | 127.09 |
| Fibonacci | 119.38 | 120.71 | 121.53 | 122.86 | 124.19 | 125.01 | 126.34 |
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): | 52.95 | |
| MACD (12,26,9): | -0.0400 | |
| Directional Movement: | -1.63 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 123.85 | |
| Parabolic SAR (0,02-0,02-0,2): | 124.10 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 124.20 | |
| Zig ZAG (10): | 124.01 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 51.62 | |
| TEMA (21): | 123.86 | |
| Williams %R (14): | -44.07 | |
| Chande Momentum Oscillator (20): | 0.06 | |
| Repulse (5,40,3): | 0.1000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.27 |
| MA7: | 123.92 | |
| MA20: | 123.39 | |
| MA50: | 123.80 | |
| MA100: | 123.92 | |
| MAexp7: | 123.90 | |
| MAexp20: | 123.91 | |
| MAexp50: | 123.99 | |
| MAexp100: | 123.92 | |
| Price / MA7: | +0.08% | |
| Price / MA20: | +0.51% | |
| Price / MA50: | +0.18% | |
| Price / MA100: | +0.08% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | +0.02% | |
| Price / MAexp100: | +0.08% |
Quotes :
2020-11-15 23:45:00
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Real time data
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Forex
News
The latest news and videos published on EUR/JPY at the time of the analysis were as follows:
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EURUSD Ready for ECB and NFPs, EURJPY and Dow Rally as Risk Drives
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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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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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