EUR/JPY - 1H - Technical analysis published on 03/01/2021 (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 bearish
De fond:
Bearish
Technical indicators
17%
44%
39%
My opinion
Bearish under 128.64 JPY
My targets
128.25 JPY (-0.25)
127.65 JPY (-0.85)
My analysis
EUR/JPY is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 128.64 JPY. The next support located at 128.25 JPY is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 127.65 JPY. Below this support, sellers could then target 127.31 JPY.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
4.5
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Additional analysis
Quotes
The EUR/JPY rating is 128.50 JPY. On the day, this instrument lost -0.12% with the lowest point at 128.48 JPY and the highest point at 128.94 JPY. The deviation from the price is +0.02% for the low point and -0.34% for the high point.128.48
128.94
128.50
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/JPY:
Technical
A technical analysis in 1H of this EUR/JPY chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, only 8 technical indicators out of 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 127.31 | 127.65 | 128.25 | 128.50 | 128.64 | 129.15 | 129.36 |
| Change (%) | -0.93% | -0.66% | -0.19% | - | +0.11% | +0.51% | +0.67% |
| Change | -1.19 | -0.85 | -0.25 | - | +0.14 | +0.65 | +0.86 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 127.40 | 127.97 | 128.32 | 128.89 | 129.24 | 129.81 | 130.16 |
| Camarilla | 128.41 | 128.49 | 128.58 | 128.66 | 128.74 | 128.83 | 128.91 |
| Woodie | 127.28 | 127.92 | 128.20 | 128.84 | 129.12 | 129.76 | 130.04 |
| Fibonacci | 127.97 | 128.33 | 128.54 | 128.89 | 129.25 | 129.46 | 129.81 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 124.97 | 126.23 | 127.45 | 128.71 | 129.93 | 131.19 | 132.41 |
| Camarilla | 127.98 | 128.21 | 128.43 | 128.66 | 128.89 | 129.12 | 129.34 |
| Woodie | 124.94 | 126.22 | 127.42 | 128.70 | 129.90 | 131.18 | 132.38 |
| Fibonacci | 126.23 | 127.18 | 127.77 | 128.71 | 129.66 | 130.25 | 131.19 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 122.63 | 124.37 | 126.51 | 128.25 | 130.39 | 132.13 | 134.27 |
| Camarilla | 127.59 | 127.95 | 128.30 | 128.66 | 129.02 | 129.37 | 129.73 |
| Woodie | 122.84 | 124.47 | 126.72 | 128.35 | 130.60 | 132.23 | 134.48 |
| Fibonacci | 124.37 | 125.85 | 126.77 | 128.25 | 129.73 | 130.65 | 132.13 |
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): | 38.86 | |
| MACD (12,26,9): | -0.0900 | |
| Directional Movement: | -7.09 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 128.67 | |
| Parabolic SAR (0,02-0,02-0,2): | 128.88 | |
| Elder Ray (13): | -0.09 | |
| Super Trend (3,10): | 129.21 | |
| Zig ZAG (10): | 128.56 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 44.44 | |
| TEMA (21): | 128.65 | |
| Williams %R (14): | -90.48 | |
| Chande Momentum Oscillator (20): | -0.10 | |
| Repulse (5,40,3): | -0.2300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.15 |
| MA7: | 128.42 | |
| MA20: | 127.55 | |
| MA50: | 126.84 | |
| MA100: | 125.57 | |
| MAexp7: | 128.71 | |
| MAexp20: | 128.78 | |
| MAexp50: | 128.86 | |
| MAexp100: | 128.72 | |
| Price / MA7: | +0.06% | |
| Price / MA20: | +0.74% | |
| Price / MA50: | +1.31% | |
| Price / MA100: | +2.33% | |
| Price / MAexp7: | -0.16% | |
| Price / MAexp20: | -0.22% | |
| Price / MAexp50: | -0.28% | |
| Price / MAexp100: | -0.17% |
Quotes :
2021-03-01 08:36:54
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Real time data
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Forex
News
The last news published on EUR/JPY at the time of the generation of this analysis 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
-
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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