EUR/JPY - 1H - Technical analysis published on 05/04/2022 (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:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
39%
44%
My opinion
Bearish under 137.37 JPY
My targets
136.56 JPY (-0.23)
135.42 JPY (-1.37)
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 137.37 JPY, a sale could be considered. The first bearish objective is located at 136.56 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 135.42 JPY as an objective. Crossing it would then enable sellers to target 134.78 JPY. If the price were to return above 137.37 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.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
5.4
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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 price is 136.79 JPY. The price is lower by -0.14% since the last closing with the lowest point at 136.74 JPY and the highest point at 137.08 JPY. The deviation from the price is +0.04% for the low point and -0.21% for the high point.136.74
137.08
136.79
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
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
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EUR/JPY indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Black gravestone / inverted hammer
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 134.78 | 135.42 | 136.56 | 136.79 | 137.37 | 138.00 | 139.61 |
| Change (%) | -1.47% | -1.00% | -0.17% | - | +0.42% | +0.88% | +2.06% |
| Change | -2.01 | -1.37 | -0.23 | - | +0.58 | +1.21 | +2.82 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Major | Major |
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 | 135.71 | 136.12 | 136.55 | 136.96 | 137.39 | 137.80 | 138.23 |
| Camarilla | 136.75 | 136.83 | 136.90 | 136.98 | 137.06 | 137.13 | 137.21 |
| Woodie | 135.72 | 136.13 | 136.56 | 136.97 | 137.40 | 137.81 | 138.24 |
| Fibonacci | 136.12 | 136.44 | 136.64 | 136.96 | 137.28 | 137.48 | 137.80 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 130.20 | 132.49 | 134.72 | 137.01 | 139.24 | 141.53 | 143.76 |
| Camarilla | 135.71 | 136.12 | 136.54 | 136.95 | 137.36 | 137.78 | 138.19 |
| Woodie | 130.17 | 132.48 | 134.69 | 137.00 | 139.21 | 141.52 | 143.73 |
| Fibonacci | 132.49 | 134.22 | 135.28 | 137.01 | 138.74 | 139.80 | 141.53 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 128.44 | 131.36 | 134.16 | 137.08 | 139.88 | 142.80 | 145.60 |
| Camarilla | 135.38 | 135.90 | 136.43 | 136.95 | 137.47 | 138.00 | 138.52 |
| Woodie | 128.37 | 131.33 | 134.09 | 137.05 | 139.81 | 142.77 | 145.53 |
| Fibonacci | 131.36 | 133.55 | 134.90 | 137.08 | 139.27 | 140.62 | 142.80 |
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): | 45.72 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | 4.91 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 136.90 | |
| Parabolic SAR (0,02-0,02-0,2): | 137.36 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 137.37 | |
| Zig ZAG (10): | 136.82 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 19.01 | |
| TEMA (21): | 136.88 | |
| Williams %R (14): | -82.35 | |
| Chande Momentum Oscillator (20): | -0.18 | |
| Repulse (5,40,3): | -0.1600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.17 |
| MA7: | 136.55 | |
| MA20: | 136.92 | |
| MA50: | 133.53 | |
| MA100: | 131.85 | |
| MAexp7: | 136.86 | |
| MAexp20: | 136.90 | |
| MAexp50: | 136.91 | |
| MAexp100: | 136.95 | |
| Price / MA7: | +0.18% | |
| Price / MA20: | -0.09% | |
| Price / MA50: | +2.44% | |
| Price / MA100: | +3.75% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.09% | |
| Price / MAexp100: | -0.12% |
Quotes :
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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:
-
Technical Analysis: 26/04/2022 - EURJPY retreats from 140 hurdle to weigh on 23.6% Fibonacci
-
Technical Analysis: 19/04/2022 - EURJPY bulls get back on track; next goal 138.90
-
Technical Analysis: 12/04/2022 - EURJPY shines again, moving towards 6½-year high
-
Technical Analysis: 29/03/2022 - EURJPY pulls below 7-year high; bullish but overbought
-
Technical Analysis: 22/03/2022 - EURJPY boosts bullish bias with push beyond 132 mark
This member declared not having a position on this financial instrument or a related financial instrument.
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