EUR/JPY
EUR JPY
- JPY (-)
- Real time data - Forex
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Type: Forex
Ticker: EURJPY
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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

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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

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 Dorontin2002. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

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.

Central Gaps

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:
The study of the highest / lowest by the Central Records scanner shows the following results:

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 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:

Central Indicators

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 additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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


S3S2S1PriceR1R2R3
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
Standard148.66148.96149.38149.68150.10150.40150.82
Camarilla149.61149.68149.74149.81149.88149.94150.01
Woodie148.73148.99149.45149.71150.17150.43150.89
Fibonacci148.96149.23149.40149.68149.95150.12150.40


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard146.10147.34148.58149.82151.06152.30153.54
Camarilla149.13149.36149.58149.81150.04150.27150.49
Woodie146.09147.34148.57149.82151.05152.30153.53
Fibonacci147.34148.29148.88149.82150.77151.36152.30


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard140.58143.35146.07148.84151.56154.33157.05
Camarilla147.27147.77148.28148.78149.28149.79150.29
Woodie140.55143.34146.04148.83151.53154.32157.02
Fibonacci143.35145.45146.75148.84150.94152.24154.33

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

This member declared not having a position on this financial instrument or a related financial instrument.

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