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:
Neutral
De fond:
Bullish
Technical indicators
33%
17%
50%
My opinion
Bullish above 128.80 JPY
My targets
129.36 JPY (+0.21)
129.86 JPY (+0.71)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on EUR/JPY. As long as you are above the support located at 128.80 JPY, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 129.36 JPY would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 129.86 JPY as an objective. Crossing it would then enable buyers to target 131.55 JPY. If the support 128.80 JPY were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
4.5
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Additional analysis
Quotes
EUR/JPY rating 129.15 JPY. The price registered an increase of +0.16% on the session and was traded between 128.87 JPY and 129.98 JPY over the period. The price is currently at +0.22% from its lowest and -0.64% from its highest.128.87
129.98
129.15
Here is a more detailed summary of the historical variations registered by EUR/JPY:
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 an overall bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 9 are neutral and 3 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 127.65 | 128.46 | 128.80 | 129.15 | 129.36 | 131.55 | 134.31 |
| Change (%) | -1.16% | -0.53% | -0.27% | - | +0.16% | +1.86% | +4.00% |
| Change | -1.50 | -0.69 | -0.35 | - | +0.21 | +2.40 | +5.16 |
| Level | Intermediate | Minor | Minor | - | Minor | Intermediate | 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 | 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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.01 | |
| MACD (12,26,9): | 0.3000 | |
| Directional Movement: | 6.00 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 129.83 | |
| Parabolic SAR (0,02-0,02-0,2): | 129.98 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 129.38 | |
| Zig ZAG (10): | 129.42 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 77.50 | |
| TEMA (21): | 129.90 | |
| Williams %R (14): | -50.00 | |
| Chande Momentum Oscillator (20): | 0.43 | |
| Repulse (5,40,3): | -0.4000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 1.20 |
| MA7: | 128.14 | |
| MA20: | 127.38 | |
| MA50: | 126.75 | |
| MA100: | 125.49 | |
| MAexp7: | 129.67 | |
| MAexp20: | 129.43 | |
| MAexp50: | 128.94 | |
| MAexp100: | 128.53 | |
| Price / MA7: | +0.79% | |
| Price / MA20: | +1.39% | |
| Price / MA50: | +1.89% | |
| Price / MA100: | +2.92% | |
| Price / MAexp7: | -0.40% | |
| Price / MAexp20: | -0.22% | |
| Price / MAexp50: | +0.16% | |
| Price / MAexp100: | +0.48% |
Quotes :
2021-02-25 18:33:03
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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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