EUR/JPY - 1H - Technical analysis published on 09/06/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 130.24 JPY
My targets
130.75 JPY (+0.36)
131.63 JPY (+1.24)
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 130.24 JPY, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 130.75 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 131.63 JPY as an objective. Crossing it would then enable buyers to target 132.72 JPY. If the support 130.24 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 confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3
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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
EUR/JPY rating 130.39 JPY. The price registered an increase of +0.05% on the session and was between 130.27 JPY and 130.51 JPY. This implies that the price is at +0.09% from its lowest and at -0.09% from its highest.130.27
130.51
130.39
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this EUR/JPY chart shows a bullish trend. 64.29% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
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 | 129.16 | 129.76 | 130.24 | 130.39 | 130.46 | 130.75 | 131.63 |
| Change (%) | -0.94% | -0.48% | -0.12% | - | +0.05% | +0.28% | +0.95% |
| Change | -1.23 | -0.63 | -0.15 | - | +0.07 | +0.36 | +1.24 |
| Level | Major | Major | Major | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 129.51 | 129.85 | 130.08 | 130.42 | 130.65 | 130.99 | 131.22 |
| Camarilla | 130.16 | 130.22 | 130.27 | 130.32 | 130.37 | 130.43 | 130.48 |
| Woodie | 129.47 | 129.82 | 130.04 | 130.39 | 130.61 | 130.96 | 131.18 |
| Fibonacci | 129.85 | 130.06 | 130.20 | 130.42 | 130.63 | 130.77 | 130.99 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 128.35 | 128.91 | 129.62 | 130.18 | 130.89 | 131.45 | 132.16 |
| Camarilla | 129.97 | 130.09 | 130.20 | 130.32 | 130.44 | 130.55 | 130.67 |
| Woodie | 128.42 | 128.95 | 129.69 | 130.22 | 130.96 | 131.49 | 132.23 |
| Fibonacci | 128.91 | 129.40 | 129.70 | 130.18 | 130.67 | 130.97 | 131.45 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 125.96 | 126.95 | 128.46 | 129.45 | 130.96 | 131.95 | 133.46 |
| Camarilla | 129.29 | 129.52 | 129.75 | 129.98 | 130.21 | 130.44 | 130.67 |
| Woodie | 126.23 | 127.08 | 128.73 | 129.58 | 131.23 | 132.08 | 133.73 |
| Fibonacci | 126.95 | 127.90 | 128.49 | 129.45 | 130.40 | 130.99 | 131.95 |
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): | 48.81 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | 8.35 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 130.37 | |
| Parabolic SAR (0,02-0,02-0,2): | 130.58 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 130.64 | |
| Zig ZAG (10): | 130.39 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 43.06 | |
| TEMA (21): | 130.34 | |
| Williams %R (14): | -41.67 | |
| Chande Momentum Oscillator (20): | 0.07 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.01 |
| MA7: | 130.12 | |
| MA20: | 129.39 | |
| MA50: | 129.93 | |
| MA100: | 131.14 | |
| MAexp7: | 130.38 | |
| MAexp20: | 130.40 | |
| MAexp50: | 130.40 | |
| MAexp100: | 130.25 | |
| Price / MA7: | +0.21% | |
| Price / MA20: | +0.77% | |
| Price / MA50: | +0.35% | |
| Price / MA100: | -0.57% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | -0.01% | |
| Price / MAexp100: | +0.11% |
Quotes :
-
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:
-
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.
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