EUR/JPY - 15 min. - Technical analysis published on 02/23/2024 (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
78%
0%
22%
My opinion
Bullish above 162.54 JPY
My targets
163.37 JPY (+0.35)
163.83 JPY (+0.81)
My analysis
EUR/JPY is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 162.54 JPY. The next resistance located at 163.37 JPY is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 163.83 JPY. After this resistance, buyers could then target 164.20 JPY. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2
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Additional analysis
Quotes
EUR/JPY rating 163.02 JPY. On the day, this instrument gained +0.07% and was traded between 162.79 JPY and 163.10 JPY over the period. The price is currently at +0.14% from its lowest and -0.05% from its highest.162.79
163.10
163.02
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this EUR/JPY chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
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
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 15 minutes
Resistance of channel is broken
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 161.94 | 162.64 | 163.00 | 163.02 | 163.47 | 164.13 | 169.54 |
Change (%) | -0.66% | -0.23% | -0.01% | - | +0.28% | +0.68% | +4.00% |
Change | -1.08 | -0.38 | -0.02 | - | +0.45 | +1.11 | +6.52 |
Level | Major | Minor | Minor | - | Major | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 161.71 | 162.17 | 162.54 | 163.00 | 163.37 | 163.83 | 164.20 |
Camarilla | 162.67 | 162.75 | 162.82 | 162.90 | 162.98 | 163.05 | 163.13 |
Woodie | 161.66 | 162.15 | 162.49 | 162.98 | 163.32 | 163.81 | 164.15 |
Fibonacci | 162.17 | 162.49 | 162.69 | 163.00 | 163.32 | 163.52 | 163.83 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 159.22 | 159.80 | 160.80 | 161.38 | 162.38 | 162.96 | 163.96 |
Camarilla | 161.37 | 161.51 | 161.66 | 161.80 | 161.95 | 162.09 | 162.24 |
Woodie | 159.43 | 159.91 | 161.01 | 161.49 | 162.59 | 163.07 | 164.17 |
Fibonacci | 159.80 | 160.40 | 160.78 | 161.38 | 161.98 | 162.36 | 162.96 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 148.52 | 151.80 | 155.31 | 158.59 | 162.10 | 165.38 | 168.89 |
Camarilla | 156.96 | 157.59 | 158.21 | 158.83 | 159.45 | 160.08 | 160.70 |
Woodie | 148.65 | 151.86 | 155.44 | 158.65 | 162.23 | 165.44 | 169.02 |
Fibonacci | 151.80 | 154.39 | 155.99 | 158.59 | 161.18 | 162.78 | 165.38 |
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): | 68.65 | |
MACD (12,26,9): | 0.0400 | |
Directional Movement: | 18.78 | |
AROON (14): | 85.72 | |
DEMA (21): | 163.02 | |
Parabolic SAR (0,02-0,02-0,2): | 162.99 | |
Elder Ray (13): | 0.06 | |
Super Trend (3,10): | 162.92 | |
Zig ZAG (10): | 163.04 | |
VORTEX (21): | 1.1800 | |
Stochastique (14,3,5): | 88.89 | |
TEMA (21): | 163.05 | |
Williams %R (14): | -20.83 | |
Chande Momentum Oscillator (20): | 0.13 | |
Repulse (5,40,3): | 0.0100 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0000 | |
Courbe Coppock: | 0.16 |
MA7: | 162.28 | |
MA20: | 160.89 | |
MA50: | 159.39 | |
MA100: | 159.57 | |
MAexp7: | 163.02 | |
MAexp20: | 162.98 | |
MAexp50: | 162.93 | |
MAexp100: | 162.88 | |
Price / MA7: | +0.46% | |
Price / MA20: | +1.32% | |
Price / MA50: | +2.28% | |
Price / MA100: | +2.16% | |
Price / MAexp7: | -0% | |
Price / MAexp20: | +0.02% | |
Price / MAexp50: | +0.06% | |
Price / MAexp100: | +0.09% |
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: 20/02/2024 - EURJPY on the rise above 162.00, but for how long?
- Technical Analysis: 13/02/2024 - EURJPY re-enters bullish channel
- Technical Analysis: 30/01/2024 - EURJPY starts a new bearish cycle
- Technical Analysis: 23/01/2024 - EURJPY re-enters its bullish channel
- Technical Analysis: 16/01/2024 - EURJPY sustains short-term bullish structure
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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