EUR/JPY - 1H - Technical analysis published on 02/25/2021 (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:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 129.36 JPY
My targets
129.86 JPY (+0.04)
130.43 JPY (+0.61)
My analysis
The bullish trend is currently very strong on EUR/JPY. As long as the price remains above the support at 129.36 JPY, you could try to benefit from the boom. The first bullish objective is located at 129.86 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 130.43 JPY as an objective. Crossing it would then enable buyers to target 131.55 JPY. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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Additional analysis
Quotes
The EUR/JPY rating is 129.82 JPY. On the day, this instrument gained +0.68% with the lowest point at 128.87 JPY and the highest point at 129.91 JPY. The deviation from the price is +0.74% for the low point and -0.07% for the high point.128.87
129.91
129.82
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EUR/JPY in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. 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, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 128.46 | 128.80 | 129.36 | 129.82 | 131.55 | 134.31 | 137.29 |
| Change (%) | -1.05% | -0.79% | -0.35% | - | +1.33% | +3.46% | +5.75% |
| Change | -1.36 | -1.02 | -0.46 | - | +1.73 | +4.49 | +7.47 |
| Level | Minor | Minor | 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 | 127.24 | 127.59 | 128.26 | 128.61 | 129.28 | 129.63 | 130.30 |
| Camarilla | 128.66 | 128.75 | 128.85 | 128.94 | 129.03 | 129.13 | 129.22 |
| Woodie | 127.41 | 127.67 | 128.43 | 128.69 | 129.45 | 129.71 | 130.47 |
| Fibonacci | 127.59 | 127.98 | 128.22 | 128.61 | 129.00 | 129.24 | 129.63 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 125.66 | 126.36 | 127.06 | 127.76 | 128.46 | 129.16 | 129.86 |
| Camarilla | 127.38 | 127.50 | 127.63 | 127.76 | 127.89 | 128.02 | 128.15 |
| Woodie | 125.66 | 126.36 | 127.06 | 127.76 | 128.46 | 129.16 | 129.86 |
| Fibonacci | 126.36 | 126.90 | 127.23 | 127.76 | 128.30 | 128.63 | 129.16 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 123.20 | 124.15 | 125.61 | 126.56 | 128.02 | 128.97 | 130.43 |
| Camarilla | 126.42 | 126.64 | 126.86 | 127.08 | 127.30 | 127.52 | 127.74 |
| Woodie | 123.47 | 124.28 | 125.88 | 126.69 | 128.29 | 129.10 | 130.70 |
| Fibonacci | 124.15 | 125.07 | 125.64 | 126.56 | 127.48 | 128.05 | 128.97 |
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): | 77.16 | |
| MACD (12,26,9): | 0.3400 | |
| Directional Movement: | 27.21 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 129.76 | |
| Parabolic SAR (0,02-0,02-0,2): | 129.59 | |
| Elder Ray (13): | 0.31 | |
| Super Trend (3,10): | 129.32 | |
| Zig ZAG (10): | 129.81 | |
| VORTEX (21): | 1.3400 | |
| Stochastique (14,3,5): | 88.51 | |
| TEMA (21): | 129.87 | |
| Williams %R (14): | -13.59 | |
| Chande Momentum Oscillator (20): | 0.81 | |
| Repulse (5,40,3): | 0.0200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 1.27 |
| MA7: | 128.20 | |
| MA20: | 127.40 | |
| MA50: | 126.76 | |
| MA100: | 125.49 | |
| MAexp7: | 129.67 | |
| MAexp20: | 129.33 | |
| MAexp50: | 128.83 | |
| MAexp100: | 128.45 | |
| Price / MA7: | +1.26% | |
| Price / MA20: | +1.90% | |
| Price / MA50: | +2.41% | |
| Price / MA100: | +3.45% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.38% | |
| Price / MAexp50: | +0.77% | |
| Price / MAexp100: | +1.07% |
Quotes :
2021-02-25 15:25:27
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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
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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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