EUR/JPY - 1H - Technical analysis published on 08/13/2021 (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
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
22%
61%
My opinion
Bearish under 129.71 JPY
My targets
129.39 JPY (-0.16)
129.22 JPY (-0.33)
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 129.71 JPY. The next support located at 129.39 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 129.22 JPY. Below this support, sellers could then target 129.13 JPY. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/JPY rating is 129.55 JPY. On the day, this instrument lost -0.02% with the lowest point at 129.54 JPY and the highest point at 129.64 JPY. The deviation from the price is +0.01% for the low point and -0.07% for the high point.129.54
129.64
129.55
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of EUR/JPY indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 129.22 | 129.39 | 129.50 | 129.55 | 129.58 | 129.71 | 129.81 |
| Change (%) | -0.25% | -0.12% | -0.04% | - | +0.02% | +0.12% | +0.20% |
| Change | -0.33 | -0.16 | -0.05 | - | +0.03 | +0.16 | +0.26 |
| Level | Minor | Major | Minor | - | Minor | 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 | 129.08 | 129.24 | 129.40 | 129.56 | 129.72 | 129.88 | 130.04 |
| Camarilla | 129.48 | 129.51 | 129.54 | 129.57 | 129.60 | 129.63 | 129.66 |
| Woodie | 129.09 | 129.24 | 129.41 | 129.56 | 129.73 | 129.88 | 130.05 |
| Fibonacci | 129.24 | 129.36 | 129.43 | 129.56 | 129.68 | 129.75 | 129.88 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 127.76 | 128.45 | 129.06 | 129.75 | 130.36 | 131.05 | 131.66 |
| Camarilla | 129.32 | 129.44 | 129.56 | 129.68 | 129.80 | 129.92 | 130.04 |
| Woodie | 127.73 | 128.43 | 129.03 | 129.73 | 130.33 | 131.03 | 131.63 |
| Fibonacci | 128.45 | 128.94 | 129.25 | 129.75 | 130.24 | 130.55 | 131.05 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 124.57 | 126.58 | 128.41 | 130.42 | 132.25 | 134.26 | 136.09 |
| Camarilla | 129.18 | 129.54 | 129.89 | 130.24 | 130.59 | 130.94 | 131.30 |
| Woodie | 124.48 | 126.54 | 128.32 | 130.38 | 132.16 | 134.22 | 136.00 |
| Fibonacci | 126.58 | 128.05 | 128.95 | 130.42 | 131.89 | 132.79 | 134.26 |
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): | 46.88 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -4.37 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 129.58 | |
| Parabolic SAR (0,02-0,02-0,2): | 129.44 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 129.78 | |
| Zig ZAG (10): | 129.56 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 65.24 | |
| TEMA (21): | 129.58 | |
| Williams %R (14): | -50.00 | |
| Chande Momentum Oscillator (20): | -0.01 | |
| Repulse (5,40,3): | -0.0400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.03 |
| MA7: | 129.63 | |
| MA20: | 129.76 | |
| MA50: | 130.94 | |
| MA100: | 131.27 | |
| MAexp7: | 129.59 | |
| MAexp20: | 129.59 | |
| MAexp50: | 129.60 | |
| MAexp100: | 129.62 | |
| Price / MA7: | -0.06% | |
| Price / MA20: | -0.16% | |
| Price / MA50: | -1.06% | |
| Price / MA100: | -1.31% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.04% | |
| Price / MAexp100: | -0.05% |
Quotes :
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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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