EUR/JPY - 15 min. - Technical analysis published on 06/04/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 149.68 JPY
My targets
150.10 JPY (+0.12)
150.40 JPY (+0.42)
My analysis
The bullish trend is currently very strong on EUR/JPY. As long as the price remains above the support at 149.68 JPY, you could try to benefit from the boom. The first bullish objective is located at 150.10 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 150.40 JPY as an objective. Crossing it would then enable buyers to target 150.82 JPY. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.8
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This analysis was given by Dorontin2002. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/JPY rating 149.98 JPY. On the day, this instrument gained +0.11% and was between 149.78 JPY and 150.00 JPY. This implies that the price is at +0.13% from its lowest and at -0.01% from its highest.149.78
150.00
149.98
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
Technical analysis of this 15 min. chart of EUR/JPY indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 148.85 | 149.26 | 149.76 | 149.98 | 150.10 | 150.32 | 150.63 |
Change (%) | -0.75% | -0.48% | -0.15% | - | +0.08% | +0.23% | +0.43% |
Change | -1.13 | -0.72 | -0.22 | - | +0.12 | +0.34 | +0.65 |
Level | Minor | Major | Minor | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 148.66 | 148.96 | 149.38 | 149.68 | 150.10 | 150.40 | 150.82 |
Camarilla | 149.61 | 149.68 | 149.74 | 149.81 | 149.88 | 149.94 | 150.01 |
Woodie | 148.73 | 148.99 | 149.45 | 149.71 | 150.17 | 150.43 | 150.89 |
Fibonacci | 148.96 | 149.23 | 149.40 | 149.68 | 149.95 | 150.12 | 150.40 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 146.10 | 147.34 | 148.58 | 149.82 | 151.06 | 152.30 | 153.54 |
Camarilla | 149.13 | 149.36 | 149.58 | 149.81 | 150.04 | 150.27 | 150.49 |
Woodie | 146.09 | 147.34 | 148.57 | 149.82 | 151.05 | 152.30 | 153.53 |
Fibonacci | 147.34 | 148.29 | 148.88 | 149.82 | 150.77 | 151.36 | 152.30 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 140.58 | 143.35 | 146.07 | 148.84 | 151.56 | 154.33 | 157.05 |
Camarilla | 147.27 | 147.77 | 148.28 | 148.78 | 149.28 | 149.79 | 150.29 |
Woodie | 140.55 | 143.34 | 146.04 | 148.83 | 151.53 | 154.32 | 157.02 |
Fibonacci | 143.35 | 145.45 | 146.75 | 148.84 | 150.94 | 152.24 | 154.33 |
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): | 58.57 | |
MACD (12,26,9): | 0.0300 | |
Directional Movement: | 8.32 | |
AROON (14): | 85.72 | |
DEMA (21): | 149.96 | |
Parabolic SAR (0,02-0,02-0,2): | 149.83 | |
Elder Ray (13): | 0.04 | |
Super Trend (3,10): | 149.75 | |
Zig ZAG (10): | 149.98 | |
VORTEX (21): | 1.0200 | |
Stochastique (14,3,5): | 89.11 | |
TEMA (21): | 149.96 | |
Williams %R (14): | -4.55 | |
Chande Momentum Oscillator (20): | 0.11 | |
Repulse (5,40,3): | 0.0500 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0000 | |
Courbe Coppock: | 0.11 |
MA7: | 149.87 | |
MA20: | 149.08 | |
MA50: | 147.55 | |
MA100: | 144.91 | |
MAexp7: | 149.95 | |
MAexp20: | 149.91 | |
MAexp50: | 149.83 | |
MAexp100: | 149.70 | |
Price / MA7: | +0.07% | |
Price / MA20: | +0.60% | |
Price / MA50: | +1.65% | |
Price / MA100: | +3.50% | |
Price / MAexp7: | +0.02% | |
Price / MAexp20: | +0.05% | |
Price / MAexp50: | +0.10% | |
Price / MAexp100: | +0.19% |
Quotes :
-
Real time data
-
Forex
News
The latest news and videos published on EUR/JPY at the time of the analysis were as follows:
- Technical Analysis: 30/05/2023 - EURJPY fails to retest 15-year peak
- Technical Analysis: 23/05/2023 - EURJPY regains traction, eyeing multi-year highs
- Technical Analysis: 16/05/2023 - EURJPY is capped by 20-day SMA
- Technical Analysis: 09/05/2023 - EURJPY pauses bullish action; support at 20-SMA
- Technical Analysis: 03/05/2023 - EURJPY storms to fresh 14½-year high
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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