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EUR/JPY
EUR JPY
- JPY (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURJPY
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EUR/JPY - 1H - Technical analysis published on 03/30/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Neutral
De fond: Bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 129.13 JPY
My targets
129.70 JPY (+0.44)
129.94 JPY (+0.68)
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 129.13 JPY, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 129.70 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 129.94 JPY as an objective. Crossing it would then enable buyers to target 130.49 JPY. If the support 129.13 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 opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.7

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.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The EUR/JPY price is 129.26 JPY. On the day, this instrument gained +0.00% and was between 129.18 JPY and 129.54 JPY. This implies that the price is at +0.06% from its lowest and at -0.22% from its highest.

129.18
129.54
129.26

A study of price movements over other periods shows the following variations:

Technical


A technical analysis in 1H of this EUR/JPY chart shows a bullish trend. The signals given by moving averages are 64.29% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour



Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly


RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal resistance

Type : Bearish

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


S3S2S1PriceR1R2R3
ProTrendLines 128.37 128.84 129.13 129.26 129.36 129.70 129.94
Change (%) -0.69% -0.32% -0.10% - +0.08% +0.34% +0.53%
Change -0.89 -0.42 -0.13 - +0.10 +0.44 +0.68
Level Minor Major Minor - Major Minor Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard128.30128.57128.91129.18129.52129.79130.13
Camarilla129.09129.15129.20129.26129.32129.37129.43
Woodie128.35128.59128.96129.20129.57129.81130.18
Fibonacci128.57128.80128.94129.18129.41129.55129.79


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard126.78127.54128.43129.19130.08130.84131.73
Camarilla128.88129.03129.18129.33129.48129.63129.78
Woodie126.86127.57128.51129.22130.16130.87131.81
Fibonacci127.54128.17128.56129.19129.82130.21130.84


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard122.63124.37126.51128.25130.39132.13134.27
Camarilla127.59127.95128.30128.66129.02129.37129.73
Woodie122.84124.47126.72128.35130.60132.23134.48
Fibonacci124.37125.85126.77128.25129.73130.65132.13

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): 46.86
MACD (12,26,9): 0.0300
Directional Movement: -6.20
AROON (14): -42.86
DEMA (21): 129.39
Parabolic SAR (0,02-0,02-0,2): 129.53
Elder Ray (13): -0.12
Super Trend (3,10): 129.12
Zig ZAG (10): 129.24
VORTEX (21): 1.0000
Stochastique (14,3,5): 39.29
TEMA (21): 129.40
Williams %R (14): -93.94
Chande Momentum Oscillator (20): -0.16
Repulse (5,40,3): -0.2300
ROCnROLL: -1
TRIX (15,9): 0.0100
Courbe Coppock: 0.14
MA7: 129.02
MA20: 129.42
MA50: 128.09
MA100: 126.83
MAexp7: 129.32
MAexp20: 129.33
MAexp50: 129.24
MAexp100: 129.17
Price / MA7: +0.19%
Price / MA20: -0.12%
Price / MA50: +0.91%
Price / MA100: +1.92%
Price / MAexp7: -0.05%
Price / MAexp20: -0.05%
Price / MAexp50: +0.02%
Price / MAexp100: +0.07%

Quotes : 2021-03-30 16:15:32 - Real time data - 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:

This member declared not having a position on this financial instrument or a related financial instrument.

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