EUR/JPY - 1H - Technical analysis published on 04/29/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
22%
44%
33%
My opinion
Bearish under 167.71 JPY
My targets
167.08 JPY (-0.21)
165.07 JPY (-2.22)
My analysis
The strong short-term decline in EUR/JPY calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 167.71 JPY, one could consider taking advantage of the short-term movement. The first bearish objective is located at 167.08 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 165.07 JPY as an objective. Crossing it would then enable sellers to target 164.13 JPY. Be careful, a return to above 167.71 JPY could jeopardize the reversal.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
1.1
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This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/JPY rating 167.29 JPY. The price is lower by -1.21% since the last closing and was traded between 165.65 JPY and 171.62 JPY over the period. The price is currently at +0.99% from its lowest and -2.52% from its highest.165.65
171.62
167.29
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
Here is a more detailed summary of the historical variations registered by EUR/JPY:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EUR/JPY indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 164.13 | 165.07 | 167.08 | 167.29 | 169.54 |
| Change (%) | -1.89% | -1.33% | -0.13% | - | +1.34% |
| Change | -3.16 | -2.22 | -0.21 | - | +2.25 |
| Level | Major | Intermediate | Minor | - | 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 | 164.47 | 165.47 | 167.40 | 168.40 | 170.33 | 171.33 | 173.26 |
| Camarilla | 168.52 | 168.79 | 169.06 | 169.33 | 169.60 | 169.87 | 170.14 |
| Woodie | 164.94 | 165.70 | 167.87 | 168.63 | 170.80 | 171.56 | 173.73 |
| Fibonacci | 165.47 | 166.59 | 167.28 | 168.40 | 169.52 | 170.21 | 171.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 161.02 | 162.71 | 166.02 | 167.71 | 171.02 | 172.71 | 176.02 |
| Camarilla | 167.96 | 168.41 | 168.87 | 169.33 | 169.79 | 170.25 | 170.71 |
| Woodie | 161.83 | 163.12 | 166.83 | 168.12 | 171.83 | 173.12 | 176.83 |
| Fibonacci | 162.71 | 164.62 | 165.80 | 167.71 | 169.62 | 170.80 | 172.71 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.68 | |
| MACD (12,26,9): | -0.2600 | |
| Directional Movement: | -23.59 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 167.60 | |
| Parabolic SAR (0,02-0,02-0,2): | 168.59 | |
| Elder Ray (13): | -0.45 | |
| Super Trend (3,10): | 169.66 | |
| Zig ZAG (10): | 167.42 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 34.33 | |
| TEMA (21): | 167.18 | |
| Williams %R (14): | -67.16 | |
| Chande Momentum Oscillator (20): | -0.74 | |
| Repulse (5,40,3): | 0.1600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 2.46 |
| MA7: | 166.44 | |
| MA20: | 164.99 | |
| MA50: | 163.68 | |
| MA100: | 161.28 | |
| MAexp7: | 167.50 | |
| MAexp20: | 167.86 | |
| MAexp50: | 167.78 | |
| MAexp100: | 167.16 | |
| Price / MA7: | +0.51% | |
| Price / MA20: | +1.39% | |
| Price / MA50: | +2.21% | |
| Price / MA100: | +3.73% | |
| Price / MAexp7: | -0.13% | |
| Price / MAexp20: | -0.34% | |
| Price / MAexp50: | -0.29% | |
| Price / MAexp100: | +0.08% |
Quotes :
-
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
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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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