EUR/JPY
EUR JPY
- JPY (-)
- Real time data - Forex
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Type: Forex
Ticker: EURJPY
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EUR/JPY - 15 min. - Technical analysis published on 05/19/2021 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 132.99 JPY
My targets
133.47 JPY (+0.12)
133.74 JPY (+0.39)
My analysis
EUR/JPY is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 132.99 JPY. The next resistance located at 133.47 JPY is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 133.74 JPY. After this resistance, buyers could then target 134.31 JPY. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5

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 dan740. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The EUR/JPY price is 133.35 JPY. On the day, this instrument gained +0.22% with the lowest point at 133.05 JPY and the highest point at 133.44 JPY. The deviation from the price is +0.23% for the low point and -0.07% for the high point.

133.05
133.44
133.35

A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

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 this 15 min. chart of EUR/JPY indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes


CCI indicator: bearish divergence

Type : Bearish

Timeframe : 15 minutes

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 : 15 minutes


Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 15 minutes



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Resistance of triangle is broken

Type : Bullish

Timeframe : 15 minutes



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 132.52 132.74 133.19 133.35 134.31 137.29 149.26
Change (%) -0.62% -0.46% -0.12% - +0.72% +2.95% +11.93%
Change -0.83 -0.61 -0.16 - +0.96 +3.94 +15.91
Level Major Minor Intermediate - Minor Intermediate Minor



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
Standard132.30132.51132.78132.99133.26133.47133.74
Camarilla132.93132.97133.02133.06133.10133.15133.19
Woodie132.34132.53132.82133.01133.30133.49133.78
Fibonacci132.51132.69132.80132.99133.17133.28133.47


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard130.81131.24132.00132.43133.19133.62134.38
Camarilla132.44132.55132.66132.77132.88132.99133.10
Woodie130.99131.32132.18132.51133.37133.70134.56
Fibonacci131.24131.69131.97132.43132.88133.16133.62


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard127.06128.32129.86131.12132.66133.92135.46
Camarilla130.64130.90131.15131.41131.67131.92132.18
Woodie127.21128.39130.01131.19132.81133.99135.61
Fibonacci128.32129.39130.05131.12132.19132.85133.92

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 57.62
MACD (12,26,9): 0.0500
Directional Movement: 12.94
AROON (14): 85.71
DEMA (21): 133.37
Parabolic SAR (0,02-0,02-0,2): 133.44
Elder Ray (13): 0.01
Super Trend (3,10): 133.24
Zig ZAG (10): 133.36
VORTEX (21): 1.1800
Stochastique (14,3,5): 69.91
TEMA (21): 133.39
Williams %R (14): -38.10
Chande Momentum Oscillator (20): 0.11
Repulse (5,40,3): -0.0100
ROCnROLL: 1
TRIX (15,9): 0.0000
Courbe Coppock: 0.20
MA7: 132.67
MA20: 131.81
MA50: 130.67
MA100: 128.94
MAexp7: 133.36
MAexp20: 133.31
MAexp50: 133.23
MAexp100: 133.14
Price / MA7: +0.51%
Price / MA20: +1.17%
Price / MA50: +2.05%
Price / MA100: +3.42%
Price / MAexp7: -0.01%
Price / MAexp20: +0.03%
Price / MAexp50: +0.09%
Price / MAexp100: +0.16%

Quotes : - Real time data - Forex

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

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