EUR/JPY
EUR JPY
- JPY (-)
- Real time data - Forex
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Type: Forex
Ticker: EURJPY
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EUR/JPY - Daily - Technical analysis published on 12/09/2021 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 129.74 JPY
My targets
127.96 JPY (-0.54)
122.85 JPY (-5.65)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/JPY as long as the price remains well below 129.74 JPY. The sellers' bearish objective is set at 127.96 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 122.85 JPY. In case of crossing, the next objective would be the support located at 119.65 JPY. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.5

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The EUR/JPY rating is 128.50 JPY. On the day, this instrument lost -0.36% with the lowest point at 128.34 JPY and the highest point at 129.08 JPY. The deviation from the price is +0.12% for the low point and -0.45% for the high point.

128.34
129.08
128.50

Here is a more detailed summary of the historical variations registered by EUR/JPY:

Technical


Technical analysis of EUR/JPY in Daily shows a overall strongly 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 detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily



The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : Daily


Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : Daily



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 119.65 122.85 127.96 128.50 128.71 129.74 130.50
Change (%) -6.89% -4.40% -0.42% - +0.16% +0.96% +1.56%
Change -8.85 -5.65 -0.54 - +0.21 +1.24 +2.00
Level Minor Intermediate Major - Intermediate 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
Standard126.81127.32128.14128.65129.47129.98130.80
Camarilla128.60128.73128.85128.97129.09129.21129.34
Woodie126.98127.40128.31128.73129.64130.06130.97
Fibonacci127.32127.83128.14128.65129.16129.47129.98


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard125.64126.51127.06127.93128.48129.35129.90
Camarilla127.22127.35127.48127.61127.74127.87128.00
Woodie125.48126.43126.90127.85128.32129.27129.74
Fibonacci126.51127.05127.39127.93128.47128.81129.35


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard121.30124.40126.38129.48131.46134.56136.54
Camarilla126.97127.44127.90128.37128.84129.30129.77
Woodie120.75124.12125.83129.20130.91134.28135.99
Fibonacci124.40126.34127.54129.48131.42132.62134.56

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): 42.92
MACD (12,26,9): -0.6600
Directional Movement: -5.83
AROON (14): -71.43
DEMA (21): 128.04
Parabolic SAR (0,02-0,02-0,2): 127.42
Elder Ray (13): 0.15
Super Trend (3,10): 130.49
Zig ZAG (10): 128.42
VORTEX (21): 0.8800
Stochastique (14,3,5): 44.04
TEMA (21): 127.72
Williams %R (14): -50.00
Chande Momentum Oscillator (20): -0.97
Repulse (5,40,3): 0.1500
ROCnROLL: 2
TRIX (15,9): -0.0800
Courbe Coppock: 2.13
MA7: 128.09
MA20: 128.84
MA50: 130.34
MA100: 129.93
MAexp7: 128.36
MAexp20: 128.92
MAexp50: 129.71
MAexp100: 130.02
Price / MA7: +0.32%
Price / MA20: -0.26%
Price / MA50: -1.41%
Price / MA100: -1.10%
Price / MAexp7: +0.11%
Price / MAexp20: -0.33%
Price / MAexp50: -0.93%
Price / MAexp100: -1.17%

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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