EUR/JPY - Daily - Technical analysis published on 03/23/2021 (GMT)
- 153
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
28%
28%
44%
My opinion
Bullish above 126.79 JPY
My targets
131.55 JPY (+2.45)
134.31 JPY (+5.21)
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 126.79 JPY, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 131.55 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 134.31 JPY as an objective. Crossing it would then enable buyers to target 137.29 JPY. If the support 126.79 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.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
3.2
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by savas. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/JPY price is 129.10 JPY. On the day, this instrument lost -0.54% and was traded between 128.85 JPY and 129.92 JPY over the period. The price is currently at +0.19% from its lowest and -0.63% from its highest.128.85
129.92
129.10
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this Daily chart of EUR/JPY indicates that the overall trend is bullish. 75.00% 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, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 8 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Piercing line
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 122.76 | 125.25 | 126.79 | 129.10 | 129.36 | 131.55 | 134.31 |
Change (%) | -4.91% | -2.98% | -1.79% | - | +0.20% | +1.90% | +4.04% |
Change | -6.34 | -3.85 | -2.31 | - | +0.26 | +2.45 | +5.21 |
Level | Minor | Minor | Major | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 128.23 | 128.60 | 129.20 | 129.57 | 130.17 | 130.54 | 131.14 |
Camarilla | 129.53 | 129.62 | 129.71 | 129.80 | 129.89 | 129.98 | 130.07 |
Woodie | 128.35 | 128.66 | 129.32 | 129.63 | 130.29 | 130.60 | 131.26 |
Fibonacci | 128.60 | 128.97 | 129.20 | 129.57 | 129.94 | 130.17 | 130.54 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 127.71 | 128.51 | 129.06 | 129.86 | 130.41 | 131.21 | 131.76 |
Camarilla | 129.23 | 129.35 | 129.48 | 129.60 | 129.72 | 129.85 | 129.97 |
Woodie | 127.58 | 128.45 | 128.93 | 129.80 | 130.28 | 131.15 | 131.63 |
Fibonacci | 128.51 | 129.03 | 129.35 | 129.86 | 130.38 | 130.70 | 131.21 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 51.35 | |
MACD (12,26,9): | 0.5400 | |
Directional Movement: | 5.81 | |
AROON (14): | 78.57 | |
DEMA (21): | 130.06 | |
Parabolic SAR (0,02-0,02-0,2): | 130.60 | |
Elder Ray (13): | -0.16 | |
Super Trend (3,10): | 128.23 | |
Zig ZAG (10): | 129.11 | |
VORTEX (21): | 1.0800 | |
Stochastique (14,3,5): | 43.31 | |
TEMA (21): | 130.05 | |
Williams %R (14): | -81.48 | |
Chande Momentum Oscillator (20): | 0.02 | |
Repulse (5,40,3): | -0.2500 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.0800 | |
Courbe Coppock: | 1.40 |
MA7: | 129.82 | |
MA20: | 129.44 | |
MA50: | 127.79 | |
MA100: | 126.52 | |
MAexp7: | 129.63 | |
MAexp20: | 129.28 | |
MAexp50: | 128.18 | |
MAexp100: | 126.93 | |
Price / MA7: | -0.55% | |
Price / MA20: | -0.26% | |
Price / MA50: | +1.03% | |
Price / MA100: | +2.04% | |
Price / MAexp7: | -0.41% | |
Price / MAexp20: | -0.14% | |
Price / MAexp50: | +0.72% | |
Price / MAexp100: | +1.71% |
Quotes :
2021-03-23 12:57:28
-
Real time data
-
Forex
News
The latest news and videos published on EUR/JPY at the time of the analysis were 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
- Weekly Technical Analysis: 24/02/2020 - USDJPY, EURJPY, USDCAD
- Weekly Technical Analysis: 04/11/2019 - GBPUSD, EURJPY, NZDUSD
- 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.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis EUR/JPY - Daily