EUR/JPY - 1H - Technical analysis published on 06/09/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bullish
Technical indicators
11%
56%
33%
My opinion
Neutral between 149.26 JPY and 150.05 JPY
My targets
-
My analysis
The basic trend is slightly bullish and the short term is tentatively bearish. With such a pattern, the price could just as easily move towards the first support as the first resistance. The first support is located at 149.26 JPY. The first resistance is located at 150.05 JPY. With no basic trend, it will be important to monitor the reaction of the price to the levels cited. A bearish break in the support could quickly reverse the basic trend. A bullish break in resistance would be welcome to boost the slightly bullish basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement registered by EUR/JPY.
In the very short term, technical indicators are bearish and could soon allow change to a bearish sentiment.
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Additional analysis
Quotes
The EUR/JPY rating is 149.81 JPY. The price has increased by +0.05% since the last closing and was between 149.73 JPY and 150.44 JPY. This implies that the price is at +0.05% from its lowest and at -0.42% from its highest.149.73
150.44
149.81
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 an overall slightly bullish trend. 60.71% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently given by short-term moving averages indicate that the overall trend could be reversed. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 148.86 | 149.26 | 149.74 | 149.81 | 150.05 | 150.63 | 150.86 |
| Change (%) | -0.63% | -0.37% | -0.05% | - | +0.16% | +0.55% | +0.70% |
| Change | -0.95 | -0.55 | -0.07 | - | +0.24 | +0.82 | +1.05 |
| Level | Minor | Major | Major | - | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 149.06 | 149.32 | 149.53 | 149.79 | 150.00 | 150.26 | 150.47 |
| Camarilla | 149.61 | 149.65 | 149.70 | 149.74 | 149.78 | 149.83 | 149.87 |
| Woodie | 149.04 | 149.31 | 149.51 | 149.78 | 149.98 | 150.25 | 150.45 |
| Fibonacci | 149.32 | 149.50 | 149.61 | 149.79 | 149.97 | 150.08 | 150.26 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.63 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | -5.61 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 150.08 | |
| Parabolic SAR (0,02-0,02-0,2): | 150.37 | |
| Elder Ray (13): | -0.21 | |
| Super Trend (3,10): | 149.77 | |
| Zig ZAG (10): | 149.82 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 13.28 | |
| TEMA (21): | 150.02 | |
| Williams %R (14): | -88.73 | |
| Chande Momentum Oscillator (20): | -0.26 | |
| Repulse (5,40,3): | -0.1500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.06 |
| MA7: | 149.58 | |
| MA20: | 149.50 | |
| MA50: | 148.01 | |
| MA100: | 145.32 | |
| MAexp7: | 149.97 | |
| MAexp20: | 150.01 | |
| MAexp50: | 149.88 | |
| MAexp100: | 149.76 | |
| Price / MA7: | +0.15% | |
| Price / MA20: | +0.21% | |
| Price / MA50: | +1.22% | |
| Price / MA100: | +3.09% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -0.13% | |
| Price / MAexp50: | -0.05% | |
| Price / MAexp100: | +0.03% |
Quotes :
-
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: 07/06/2023 - Is EURJPY losing its shine?
-
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
This member declared not having a position on this financial instrument or a related financial instrument.
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