EUR/JPY - 1H - Technical analysis published on 04/16/2024 (GMT)
- 75
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
22%
22%
56%
My opinion
Bullish above 163.91 JPY
My targets
164.44 JPY (+0.27)
165.18 JPY (+1.01)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/JPY as long as the price remains well above 163.91 JPY. The buyers' bullish objective is set at 164.44 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 165.18 JPY. If there is any crossing, the next objective would be the resistance located at 169.54 JPY.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
4.3
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 OzO. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/JPY rating 164.17 JPY. On the day, this instrument gained +0.20% with the lowest point at 163.68 JPY and the highest point at 164.68 JPY. The deviation from the price is +0.30% for the low point and -0.31% for the high point.163.68
164.68
164.17
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 this 1H chart of EUR/JPY indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 4 are bullish, 10 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
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 | 163.48 | 163.91 | 164.13 | 164.17 | 164.44 | 165.18 | 169.54 |
| Change (%) | -0.42% | -0.16% | -0.02% | - | +0.16% | +0.62% | +3.27% |
| Change | -0.69 | -0.26 | -0.04 | - | +0.27 | +1.01 | +5.37 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | 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 | 161.15 | 161.92 | 162.89 | 163.66 | 164.63 | 165.40 | 166.37 |
| Camarilla | 163.37 | 163.53 | 163.69 | 163.85 | 164.01 | 164.17 | 164.33 |
| Woodie | 161.24 | 161.97 | 162.98 | 163.71 | 164.72 | 165.45 | 166.46 |
| Fibonacci | 161.92 | 162.59 | 163.00 | 163.66 | 164.33 | 164.74 | 165.40 |
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): | 50.91 | |
| MACD (12,26,9): | 0.1200 | |
| Directional Movement: | -8.17 | |
| AROON (14): | 57.15 | |
| DEMA (21): | 164.29 | |
| Parabolic SAR (0,02-0,02-0,2): | 164.63 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 163.97 | |
| Zig ZAG (10): | 164.11 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 51.63 | |
| TEMA (21): | 164.33 | |
| Williams %R (14): | -59.18 | |
| Chande Momentum Oscillator (20): | 0.20 | |
| Repulse (5,40,3): | -0.1500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.57 |
| MA7: | 164.21 | |
| MA20: | 163.98 | |
| MA50: | 162.81 | |
| MA100: | 160.73 | |
| MAexp7: | 164.26 | |
| MAexp20: | 164.13 | |
| MAexp50: | 163.99 | |
| MAexp100: | 164.00 | |
| Price / MA7: | -0.02% | |
| Price / MA20: | +0.12% | |
| Price / MA50: | +0.84% | |
| Price / MA100: | +2.14% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.11% | |
| Price / MAexp100: | +0.10% |
Quotes :
-
Real time data
-
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: 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.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis EUR/JPY - 1H