EUR/JPY - 1H - Technical analysis published on 11/02/2022 (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:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 145.55 JPY
My targets
144.17 JPY (-1.11)
143.75 JPY (-1.53)
My analysis
The bearish trend is currently very strong for EUR/JPY. As long as the price remains below the resistance at 145.55 JPY, you could try to take advantage of the bearish rally. The first bearish objective is located at 144.17 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 143.75 JPY as an objective. Crossing it would then enable sellers to target 139.64 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, 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
7.7
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This analysis was given by gioviforex. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/JPY rating 145.28 JPY. The price registered a decrease of -0.58% on the session with the lowest point at 145.02 JPY and the highest point at 146.21 JPY. The deviation from the price is +0.18% for the low point and -0.64% for the high point.145.02
146.21
145.28
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
A technical analysis in 1H of this EUR/JPY chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is under support 2
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 139.64 | 143.75 | 144.17 | 145.28 | 145.55 | 145.94 | 146.70 |
| Change (%) | -3.88% | -1.05% | -0.76% | - | +0.19% | +0.45% | +0.98% |
| Change | -5.64 | -1.53 | -1.11 | - | +0.27 | +0.66 | +1.42 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Minor | Minor |
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): | 36.05 | |
| MACD (12,26,9): | -0.2800 | |
| Directional Movement: | -19.02 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 145.38 | |
| Parabolic SAR (0,02-0,02-0,2): | 145.87 | |
| Elder Ray (13): | -0.40 | |
| Super Trend (3,10): | 146.21 | |
| Zig ZAG (10): | 145.25 | |
| VORTEX (21): | 0.7800 | |
| Stochastique (14,3,5): | 13.69 | |
| TEMA (21): | 145.29 | |
| Williams %R (14): | -78.43 | |
| Chande Momentum Oscillator (20): | -0.68 | |
| Repulse (5,40,3): | -0.2100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 0.75 |
| MA7: | 146.59 | |
| MA20: | 145.16 | |
| MA50: | 142.84 | |
| MA100: | 140.89 | |
| MAexp7: | 145.45 | |
| MAexp20: | 145.75 | |
| MAexp50: | 146.17 | |
| MAexp100: | 146.45 | |
| Price / MA7: | -0.89% | |
| Price / MA20: | +0.08% | |
| Price / MA50: | +1.71% | |
| Price / MA100: | +3.12% | |
| Price / MAexp7: | -0.12% | |
| Price / MAexp20: | -0.33% | |
| Price / MAexp50: | -0.62% | |
| Price / MAexp100: | -0.81% |
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: 25/10/2022 - EURJPY trapped below 147.00; bias cautiously bullish
-
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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