EUR/JPY - 1H - Technical analysis published on 06/06/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 149.74 JPY
My targets
148.86 JPY (-0.47)
148.59 JPY (-0.74)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/JPY as long as the price remains well below 149.74 JPY. The sellers' bearish objective is set at 148.86 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 148.59 JPY. In case of crossing, the next objective would be the support located at 146.78 JPY. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.4
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This analysis was given by dbean323. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/JPY price is 149.33 JPY. The price registered an increase of +0.00% on the session with the lowest point at 148.82 JPY and the highest point at 149.70 JPY. The deviation from the price is +0.34% for the low point and -0.25% for the high point.148.82
149.70
149.33
Here is a more detailed summary of the historical variations registered by EUR/JPY:
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 1H shows a overall strongly bearish trend. 89.29% 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.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
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
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 148.59 | 148.86 | 149.26 | 149.33 | 149.74 | 150.20 | 150.63 |
| Change (%) | -0.50% | -0.31% | -0.05% | - | +0.27% | +0.58% | +0.87% |
| Change | -0.74 | -0.47 | -0.07 | - | +0.41 | +0.87 | +1.30 |
| Level | Intermediate | Minor | Major | - | 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 | 147.97 | 148.59 | 148.96 | 149.58 | 149.95 | 150.57 | 150.94 |
| Camarilla | 149.06 | 149.15 | 149.24 | 149.33 | 149.42 | 149.51 | 149.60 |
| Woodie | 147.85 | 148.53 | 148.84 | 149.52 | 149.83 | 150.51 | 150.82 |
| Fibonacci | 148.59 | 148.97 | 149.20 | 149.58 | 149.96 | 150.19 | 150.57 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.60 | |
| MACD (12,26,9): | -0.1500 | |
| Directional Movement: | -9.39 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 149.17 | |
| Parabolic SAR (0,02-0,02-0,2): | 149.47 | |
| Elder Ray (13): | -0.06 | |
| Super Trend (3,10): | 149.67 | |
| Zig ZAG (10): | 149.29 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 39.39 | |
| TEMA (21): | 149.08 | |
| Williams %R (14): | -45.45 | |
| Chande Momentum Oscillator (20): | -0.27 | |
| Repulse (5,40,3): | 0.1200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.44 |
| MA7: | 149.56 | |
| MA20: | 149.09 | |
| MA50: | 147.68 | |
| MA100: | 145.02 | |
| MAexp7: | 149.21 | |
| MAexp20: | 149.36 | |
| MAexp50: | 149.51 | |
| MAexp100: | 149.57 | |
| Price / MA7: | -0.15% | |
| Price / MA20: | +0.16% | |
| Price / MA50: | +1.12% | |
| Price / MA100: | +2.97% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | -0.12% | |
| Price / MAexp100: | -0.16% |
Quotes :
-
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: 30/05/2023 - EURJPY fails to retest 15-year peak
-
Technical Analysis: 23/05/2023 - EURJPY regains traction, eyeing multi-year highs
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Technical Analysis: 16/05/2023 - EURJPY is capped by 20-day SMA
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Technical Analysis: 09/05/2023 - EURJPY pauses bullish action; support at 20-SMA
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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.
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