EUR/JPY - 1H - Technical analysis published on 11/25/2020 (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:
Bullish
De fond:
Strongly bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 124.07 JPY
My targets
124.40 JPY (+0.13)
125.27 JPY (+1.00)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/JPY as long as the price remains well above 124.07 JPY. The buyers” bullish objective is set at 124.40 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 125.27 JPY. If there is any crossing, the next objective would be the resistance located at 126.54 JPY. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
5.9
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This analysis was given by TheFuss. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/JPY rating is 124.27 JPY. The price is lower by -0.06% since the last closing and was between 124.25 JPY and 124.51 JPY. This implies that the price is at +0.02% from its lowest and at -0.19% from its highest.124.25
124.51
124.27
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this 1H chart of EUR/JPY indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 123.00 | 123.66 | 124.07 | 124.27 | 124.40 | 126.54 | 131.55 |
| Change (%) | -1.02% | -0.49% | -0.16% | - | +0.10% | +1.83% | +5.86% |
| Change | -1.27 | -0.61 | -0.20 | - | +0.13 | +2.27 | +7.28 |
| Level | Major | Intermediate | Minor | - | 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 | 123.17 | 123.41 | 123.88 | 124.12 | 124.59 | 124.83 | 125.30 |
| Camarilla | 124.15 | 124.21 | 124.28 | 124.34 | 124.41 | 124.47 | 124.54 |
| Woodie | 123.28 | 123.47 | 123.99 | 124.18 | 124.70 | 124.89 | 125.41 |
| Fibonacci | 123.41 | 123.69 | 123.85 | 124.12 | 124.40 | 124.56 | 124.83 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 115.81 | 118.11 | 120.54 | 122.84 | 125.27 | 127.57 | 130.00 |
| Camarilla | 121.67 | 122.10 | 122.54 | 122.97 | 123.40 | 123.84 | 124.27 |
| Woodie | 115.88 | 118.14 | 120.61 | 122.87 | 125.34 | 127.60 | 130.07 |
| Fibonacci | 118.11 | 119.92 | 121.03 | 122.84 | 124.65 | 125.76 | 127.57 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 116.27 | 118.94 | 119.80 | 122.47 | 123.33 | 126.00 | 126.86 |
| Camarilla | 119.69 | 120.01 | 120.34 | 120.66 | 120.98 | 121.31 | 121.63 |
| Woodie | 115.37 | 118.49 | 118.90 | 122.02 | 122.43 | 125.55 | 125.96 |
| Fibonacci | 118.94 | 120.29 | 121.12 | 122.47 | 123.82 | 124.65 | 126.00 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 60.77 | |
| MACD (12,26,9): | 0.1200 | |
| Directional Movement: | 16.33 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 124.43 | |
| Parabolic SAR (0,02-0,02-0,2): | 124.51 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 124.06 | |
| Zig ZAG (10): | 124.32 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 56.62 | |
| TEMA (21): | 124.41 | |
| Williams %R (14): | -54.29 | |
| Chande Momentum Oscillator (20): | 0.14 | |
| Repulse (5,40,3): | -0.0600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.23 |
| MA7: | 123.20 | |
| MA20: | 123.32 | |
| MA50: | 123.51 | |
| MA100: | 124.11 | |
| MAexp7: | 124.34 | |
| MAexp20: | 124.26 | |
| MAexp50: | 123.99 | |
| MAexp100: | 123.77 | |
| Price / MA7: | +0.87% | |
| Price / MA20: | +0.77% | |
| Price / MA50: | +0.62% | |
| Price / MA100: | +0.13% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.23% | |
| Price / MAexp100: | +0.40% |
Quotes :
2020-11-25 09:22:30
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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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