EUR/JPY - 1H - Technical analysis published on 11/11/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 130.96 JPY
My targets
130.50 JPY (-0.23)
129.36 JPY (-1.37)
My analysis
The bearish trend is currently very strong for EUR/JPY. As long as the price remains below the resistance at 130.96 JPY, you could try to take advantage of the bearish rally. The first bearish objective is located at 130.50 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 129.36 JPY as an objective. Crossing it would then enable sellers to target 128.49 JPY. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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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
The EUR/JPY rating is 130.73 JPY. On the day, this instrument lost -0.08% and was traded between 130.66 JPY and 131.00 JPY over the period. The price is currently at +0.05% from its lowest and -0.21% from its highest.130.66
131.00
130.73
Here is a more detailed summary of the historical variations registered by EUR/JPY:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/JPY chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 129.36 | 130.50 | 130.65 | 130.73 | 130.96 | 131.42 | 131.79 |
Change (%) | -1.05% | -0.18% | -0.06% | - | +0.18% | +0.53% | +0.81% |
Change | -1.37 | -0.23 | -0.08 | - | +0.23 | +0.69 | +1.06 |
Level | Minor | Intermediate | Intermediate | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 129.73 | 130.18 | 130.51 | 130.96 | 131.29 | 131.74 | 132.07 |
Camarilla | 130.62 | 130.69 | 130.76 | 130.83 | 130.90 | 130.97 | 131.05 |
Woodie | 129.66 | 130.15 | 130.44 | 130.93 | 131.22 | 131.71 | 132.00 |
Fibonacci | 130.18 | 130.48 | 130.67 | 130.96 | 131.26 | 131.45 | 131.74 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 128.74 | 129.79 | 130.47 | 131.52 | 132.20 | 133.25 | 133.93 |
Camarilla | 130.67 | 130.83 | 130.99 | 131.15 | 131.31 | 131.47 | 131.63 |
Woodie | 128.56 | 129.70 | 130.29 | 131.43 | 132.02 | 133.16 | 133.75 |
Fibonacci | 129.79 | 130.45 | 130.86 | 131.52 | 132.18 | 132.59 | 133.25 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 123.76 | 126.04 | 128.92 | 131.20 | 134.08 | 136.36 | 139.24 |
Camarilla | 130.37 | 130.84 | 131.32 | 131.79 | 132.26 | 132.74 | 133.21 |
Woodie | 124.05 | 126.19 | 129.21 | 131.35 | 134.37 | 136.51 | 139.53 |
Fibonacci | 126.04 | 128.01 | 129.23 | 131.20 | 133.17 | 134.39 | 136.36 |
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): | 40.57 | |
MACD (12,26,9): | -0.0400 | |
Directional Movement: | -4.66 | |
AROON (14): | -14.29 | |
DEMA (21): | 130.79 | |
Parabolic SAR (0,02-0,02-0,2): | 130.99 | |
Elder Ray (13): | -0.11 | |
Super Trend (3,10): | 130.65 | |
Zig ZAG (10): | 130.70 | |
VORTEX (21): | 0.9800 | |
Stochastique (14,3,5): | 21.54 | |
TEMA (21): | 130.77 | |
Williams %R (14): | -68.52 | |
Chande Momentum Oscillator (20): | 0.10 | |
Repulse (5,40,3): | 0.0000 | |
ROCnROLL: | 2 | |
TRIX (15,9): | 0.0000 | |
Courbe Coppock: | 0.33 |
MA7: | 131.28 | |
MA20: | 132.02 | |
MA50: | 130.62 | |
MA100: | 130.31 | |
MAexp7: | 130.82 | |
MAexp20: | 130.84 | |
MAexp50: | 130.90 | |
MAexp100: | 131.06 | |
Price / MA7: | -0.42% | |
Price / MA20: | -0.98% | |
Price / MA50: | +0.08% | |
Price / MA100: | +0.32% | |
Price / MAexp7: | -0.07% | |
Price / MAexp20: | -0.08% | |
Price / MAexp50: | -0.13% | |
Price / MAexp100: | -0.25% |
Quotes :
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Real time data
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Forex
News
The last news published on EUR/JPY at the time of the generation of this analysis was as follows:
- EURUSD and EURJPY Weigh Reversals, S&P 500 Flirts with Record High
- 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
This member declared not having a position on this financial instrument or a related financial instrument.
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