EUR/JPY
EUR JPY
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Ticker: EURJPY
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EUR/JPY - 15 min. - Technical analysis published on 04/04/2023 (GMT)

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  • Timeframe : 15 min.
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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
22%
39%
39%
My opinion
Bullish above 144.29 JPY
My targets
145.61 JPY (+0.65)
146.29 JPY (+1.33)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 144.29 JPY remains possible. It is advisable to trade EUR/JPY with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 144.29 JPY. The next bullish objective for buyers is set at 145.61 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 146.29 JPY. If there is any crossing, the next objective would be the resistance located at 147.45 JPY. PS: if there is a bearish break in the support located at 144.29 JPY we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2.7

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 nwbrown2. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The EUR/JPY price is 144.96 JPY. The price has increased by +0.44% since the last closing and was traded between 144.16 JPY and 145.44 JPY over the period. The price is currently at +0.55% from its lowest and -0.33% from its highest.

144.16
145.44
144.96

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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 LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 15 min. chart of EUR/JPY indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 15 minutes



In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 7 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 15 minutes

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Aroon indicator bearish trend

Type : Bearish

Timeframe : 15 minutes



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : 15 minutes



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 141.47 142.20 144.17 144.96 145.33 147.45 149.26
Change (%) -2.41% -1.90% -0.54% - +0.26% +1.72% +2.97%
Change -3.49 -2.76 -0.79 - +0.37 +2.49 +4.30
Level Major Major Intermediate - Major 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
Standard142.33142.97143.65144.29144.97145.61146.29
Camarilla143.96144.08144.20144.32144.44144.56144.68
Woodie142.34142.98143.66144.30144.98145.62146.30
Fibonacci142.97143.48143.79144.29144.80145.11145.61


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard136.08138.31141.21143.44146.34148.57151.47
Camarilla142.69143.16143.63144.10144.57145.04145.51
Woodie136.41138.48141.54143.61146.67148.74151.80
Fibonacci138.31140.27141.48143.44145.40146.61148.57


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard133.19136.01140.05142.87146.91149.73153.77
Camarilla142.21142.84143.47144.10144.73145.36145.99
Woodie133.81136.32140.67143.18147.53150.04154.39
Fibonacci136.01138.63140.25142.87145.49147.11149.73

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 48.41
MACD (12,26,9): 0.0800
Directional Movement: 3.74
AROON (14): -71.43
DEMA (21): 145.16
Parabolic SAR (0,02-0,02-0,2): 145.33
Elder Ray (13): -0.08
Super Trend (3,10): 144.84
Zig ZAG (10): 144.95
VORTEX (21): 1.0900
Stochastique (14,3,5): 18.19
TEMA (21): 145.14
Williams %R (14): -94.12
Chande Momentum Oscillator (20): -0.28
Repulse (5,40,3): -0.1100
ROCnROLL: -1
TRIX (15,9): 0.0100
Courbe Coppock: 0.14
MA7: 143.75
MA20: 142.85
MA50: 142.75
MA100: 142.53
MAexp7: 145.06
MAexp20: 145.03
MAexp50: 144.84
MAexp100: 144.68
Price / MA7: +0.84%
Price / MA20: +1.48%
Price / MA50: +1.55%
Price / MA100: +1.70%
Price / MAexp7: -0.08%
Price / MAexp20: -0.06%
Price / MAexp50: +0.08%
Price / MAexp100: +0.19%

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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