EUR/JPY - 1H - Technical analysis published on 04/15/2024 (GMT)
- 82
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bearish
Technical indicators
28%
28%
44%
My opinion
Neutral between 163.48 JPY and 164.13 JPY
My targets
-
My analysis
The short-term increase on EUR/JPY remains moderate but could challenge the slightly bearish basic trend. It is difficult to advise a trading direction under these conditions. The first resistance is located at 164.13 JPY. The first support is located at 163.48 JPY. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
Technical indicators are neutral in the very short term and are not able to influence the opinion of this analysis.
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 dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/JPY price is 163.86 JPY. On the day, this instrument gained +0.48% and was traded between 162.70 JPY and 164.44 JPY over the period. The price is currently at +0.71% from its lowest and -0.35% from its highest.162.70
164.44
163.86
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/JPY chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages could cause a reversal of the trend. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
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 : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 162.27 | 163.07 | 163.48 | 163.86 | 163.91 | 164.13 | 164.44 |
| Change (%) | -0.97% | -0.48% | -0.23% | - | +0.03% | +0.16% | +0.35% |
| Change | -1.59 | -0.79 | -0.38 | - | +0.05 | +0.27 | +0.58 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Major | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 159.97 | 161.12 | 162.10 | 163.25 | 164.23 | 165.38 | 166.36 |
| Camarilla | 162.49 | 162.69 | 162.89 | 163.08 | 163.28 | 163.47 | 163.67 |
| Woodie | 159.89 | 161.08 | 162.02 | 163.21 | 164.15 | 165.34 | 166.28 |
| Fibonacci | 161.12 | 161.93 | 162.44 | 163.25 | 164.06 | 164.57 | 165.38 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 158.93 | 160.60 | 161.84 | 163.51 | 164.75 | 166.42 | 167.66 |
| Camarilla | 162.28 | 162.55 | 162.81 | 163.08 | 163.35 | 163.61 | 163.88 |
| Woodie | 158.72 | 160.49 | 161.63 | 163.40 | 164.54 | 166.31 | 167.45 |
| Fibonacci | 160.60 | 161.71 | 162.40 | 163.51 | 164.62 | 165.31 | 166.42 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 155.37 | 157.79 | 160.54 | 162.96 | 165.71 | 168.13 | 170.88 |
| Camarilla | 161.87 | 162.34 | 162.82 | 163.29 | 163.76 | 164.24 | 164.71 |
| Woodie | 155.54 | 157.87 | 160.71 | 163.04 | 165.88 | 168.21 | 171.05 |
| Fibonacci | 157.79 | 159.77 | 160.99 | 162.96 | 164.94 | 166.16 | 168.13 |
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): | 49.97 | |
| MACD (12,26,9): | 0.1500 | |
| Directional Movement: | -4.78 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 164.04 | |
| Parabolic SAR (0,02-0,02-0,2): | 164.41 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 163.62 | |
| Zig ZAG (10): | 163.81 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 52.31 | |
| TEMA (21): | 164.22 | |
| Williams %R (14): | -78.48 | |
| Chande Momentum Oscillator (20): | -0.10 | |
| Repulse (5,40,3): | -0.1600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.63 |
| MA7: | 164.24 | |
| MA20: | 163.97 | |
| MA50: | 162.71 | |
| MA100: | 160.73 | |
| MAexp7: | 164.03 | |
| MAexp20: | 163.87 | |
| MAexp50: | 163.82 | |
| MAexp100: | 163.95 | |
| Price / MA7: | -0.23% | |
| Price / MA20: | -0.07% | |
| Price / MA50: | +0.71% | |
| Price / MA100: | +1.95% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | +0.02% | |
| Price / MAexp100: | -0.05% |
Quotes :
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Real time data
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Forex
News
The last news published on EUR/JPY at the time of the generation of this analysis was as follows:
-
Technical Analysis: 02/04/2024 - EURJPY pulls back towards crucial trendline
-
EUR/JPY Forecast April 1, 2024
-
Technical Analysis: 27/03/2024 - Will EURJPY re-test the 16-year high soon?
-
Technical Analysis: 12/03/2024 - EURJPY drops below ascending channel
-
Technical Analysis: 05/03/2024 - EURJPY recovers from mild pullback
This member declared not having a position on this financial instrument or a related financial instrument.
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