EUR/JPY - 1H - Technical analysis published on 11/24/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 129.39 JPY
My targets
128.90 JPY (-0.23)
128.49 JPY (-0.64)
My analysis
In the short term, we can see an acceleration in the bearish trend on EUR/JPY, which is a positive signal for sellers. As long as the price remains above 129.39 JPY, a sale could be considered. The first bearish objective is located at 128.90 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 128.49 JPY as an objective. Crossing it would then enable sellers to target 127.96 JPY. If the price were to return above 129.39 JPY, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.2
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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 129.13 JPY. The price is lower by -0.26% since the last closing and was traded between 128.69 JPY and 129.56 JPY over the period. The price is currently at +0.34% from its lowest and -0.33% from its highest.128.69
129.56
129.13
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of EUR/JPY in 1H shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA50 & MA100
Type : Bullish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 5 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
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 | 127.96 | 128.49 | 128.90 | 129.13 | 129.17 | 129.39 | 129.74 |
| Change (%) | -0.91% | -0.50% | -0.18% | - | +0.03% | +0.20% | +0.47% |
| Change | -1.17 | -0.64 | -0.23 | - | +0.04 | +0.26 | +0.61 |
| Level | Major | Intermediate | Intermediate | - | Minor | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 128.35 | 128.62 | 129.05 | 129.32 | 129.75 | 130.02 | 130.45 |
| Camarilla | 129.28 | 129.34 | 129.41 | 129.47 | 129.53 | 129.60 | 129.66 |
| Woodie | 128.42 | 128.66 | 129.12 | 129.36 | 129.82 | 130.06 | 130.52 |
| Fibonacci | 128.62 | 128.89 | 129.06 | 129.32 | 129.59 | 129.76 | 130.02 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 115.35 | 119.74 | 124.70 | 129.09 | 134.05 | 138.44 | 143.40 |
| Camarilla | 127.08 | 127.94 | 128.79 | 129.65 | 130.51 | 131.36 | 132.22 |
| Woodie | 115.63 | 119.88 | 124.98 | 129.23 | 134.33 | 138.58 | 143.68 |
| Fibonacci | 119.74 | 123.32 | 125.52 | 129.09 | 132.67 | 134.87 | 138.44 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 121.73 | 124.85 | 127.25 | 130.37 | 132.77 | 135.89 | 138.29 |
| Camarilla | 128.13 | 128.64 | 129.14 | 129.65 | 130.16 | 130.66 | 131.17 |
| Woodie | 121.37 | 124.67 | 126.89 | 130.19 | 132.41 | 135.71 | 137.93 |
| Fibonacci | 124.85 | 126.96 | 128.26 | 130.37 | 132.48 | 133.78 | 135.89 |
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): | 41.97 | |
| MACD (12,26,9): | -0.0800 | |
| Directional Movement: | -13.61 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 129.11 | |
| Parabolic SAR (0,02-0,02-0,2): | 129.27 | |
| Elder Ray (13): | -0.10 | |
| Super Trend (3,10): | 129.54 | |
| Zig ZAG (10): | 129.05 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 39.85 | |
| TEMA (21): | 129.00 | |
| Williams %R (14): | -57.47 | |
| Chande Momentum Oscillator (20): | -0.37 | |
| Repulse (5,40,3): | 0.0300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.66 |
| MA7: | 128.61 | |
| MA20: | 130.14 | |
| MA50: | 130.45 | |
| MA100: | 130.05 | |
| MAexp7: | 129.05 | |
| MAexp20: | 129.18 | |
| MAexp50: | 129.20 | |
| MAexp100: | 129.28 | |
| Price / MA7: | +0.40% | |
| Price / MA20: | -0.78% | |
| Price / MA50: | -1.01% | |
| Price / MA100: | -0.71% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.05% | |
| Price / MAexp100: | -0.12% |
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:
-
EUR/JPY Technical Outlook Hinges on Test of Trend Support
-
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
This member declared not having a position on this financial instrument or a related financial instrument.
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