EUR/JPY
EUR JPY
- JPY (-)
- Real time data - Forex
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Type: Forex
Ticker: EURJPY
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EUR/JPY - 1H - Technical analysis published on 11/11/2021 (GMT)

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  • Timeframe : 1H
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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:
15 min. Daily Weekly

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:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

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:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard129.73130.18130.51130.96131.29131.74132.07
Camarilla130.62130.69130.76130.83130.90130.97131.05
Woodie129.66130.15130.44130.93131.22131.71132.00
Fibonacci130.18130.48130.67130.96131.26131.45131.74


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard128.74129.79130.47131.52132.20133.25133.93
Camarilla130.67130.83130.99131.15131.31131.47131.63
Woodie128.56129.70130.29131.43132.02133.16133.75
Fibonacci129.79130.45130.86131.52132.18132.59133.25


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard123.76126.04128.92131.20134.08136.36139.24
Camarilla130.37130.84131.32131.79132.26132.74133.21
Woodie124.05126.19129.21131.35134.37136.51139.53
Fibonacci126.04128.01129.23131.20133.17134.39136.36

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 : - Real time data - Forex

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

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