EUR/JPY - Daily - Technical analysis published on 11/02/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
17%
22%
61%
My opinion
Bullish above 144.17 JPY
My targets
147.45 JPY (+2.19)
149.26 JPY (+4.00)
My analysis
The basic bullish trend is very strong on EUR/JPY but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 144.17 JPY. Crossing the first resistance at 147.45 JPY would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 149.26 JPY as an objective. Crossing it would then enable buyers to target 169.54 JPY. Caution, a return to below 144.17 JPY would be a sign of a consolidation phase in the short-term basic trend. 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, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
4.1
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Additional analysis
Quotes
The EUR/JPY price is 145.26 JPY. On the day, this instrument lost -0.59% and was between 145.02 JPY and 146.21 JPY. This implies that the price is at +0.17% from its lowest and at -0.65% from its highest.145.02
146.21
145.26
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EUR/JPY in Daily shows a strongly overall bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 3 are bullish, 11 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 2
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
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:
Near support of channel
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 133.81 | 139.64 | 144.17 | 145.26 | 147.45 | 149.26 | 169.54 |
| Change (%) | -7.88% | -3.87% | -0.75% | - | +1.51% | +2.75% | +16.71% |
| Change | -11.45 | -5.62 | -1.09 | - | +2.19 | +4.00 | +24.28 |
| Level | Major | Intermediate | Major | - | Major | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 144.55 | 145.26 | 145.69 | 146.40 | 146.83 | 147.54 | 147.97 |
| Camarilla | 145.81 | 145.91 | 146.02 | 146.12 | 146.23 | 146.33 | 146.43 |
| Woodie | 144.41 | 145.19 | 145.55 | 146.33 | 146.69 | 147.47 | 147.83 |
| Fibonacci | 145.26 | 145.70 | 145.97 | 146.40 | 146.84 | 147.11 | 147.54 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 140.60 | 142.17 | 144.58 | 146.15 | 148.56 | 150.13 | 152.54 |
| Camarilla | 145.89 | 146.25 | 146.62 | 146.98 | 147.35 | 147.71 | 148.08 |
| Woodie | 141.01 | 142.38 | 144.99 | 146.36 | 148.97 | 150.34 | 152.95 |
| Fibonacci | 142.17 | 143.69 | 144.63 | 146.15 | 147.67 | 148.61 | 150.13 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 135.00 | 137.95 | 142.50 | 145.45 | 150.00 | 152.95 | 157.50 |
| Camarilla | 144.99 | 145.68 | 146.36 | 147.05 | 147.74 | 148.43 | 149.11 |
| Woodie | 135.80 | 138.35 | 143.30 | 145.85 | 150.80 | 153.35 | 158.30 |
| Fibonacci | 137.95 | 140.82 | 142.59 | 145.45 | 148.32 | 150.09 | 152.95 |
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): | 52.53 | |
| MACD (12,26,9): | 1.1900 | |
| Directional Movement: | -6.22 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 146.95 | |
| Parabolic SAR (0,02-0,02-0,2): | 143.91 | |
| Elder Ray (13): | -0.30 | |
| Super Trend (3,10): | 142.11 | |
| Zig ZAG (10): | 145.26 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 60.74 | |
| TEMA (21): | 147.11 | |
| Williams %R (14): | -64.23 | |
| Chande Momentum Oscillator (20): | -1.40 | |
| Repulse (5,40,3): | -1.2400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1400 | |
| Courbe Coppock: | 4.36 |
| MA7: | 146.59 | |
| MA20: | 145.16 | |
| MA50: | 142.84 | |
| MA100: | 140.89 | |
| MAexp7: | 146.22 | |
| MAexp20: | 145.31 | |
| MAexp50: | 143.23 | |
| MAexp100: | 141.17 | |
| Price / MA7: | -0.91% | |
| Price / MA20: | +0.07% | |
| Price / MA50: | +1.69% | |
| Price / MA100: | +3.10% | |
| Price / MAexp7: | -0.66% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | +1.42% | |
| Price / MAexp100: | +2.90% |
Quotes :
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Real time data
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Forex
News
Don't forget to follow the news on EUR/JPY. At the time of publication of this analysis, the latest news was as follows:
-
Technical Analysis: 25/10/2022 - EURJPY trapped below 147.00; bias cautiously bullish
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Technical Analysis: 18/10/2022 - EURJPY advances to fresh 7½-year highs
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Technical Analysis: 11/10/2022 - EURJPY is capped by 20-day SMA in the short-term
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Technical Analysis: 04/10/2022 - EURJPY strengthens bullish bias above 20-SMA
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Technical Analysis: 27/09/2022 - EURJPY battles with 50-day SMA as decline halts
This member declared not having a position on this financial instrument or a related financial instrument.
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