EUR/JPY

- JPY (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	EURJPY
ISIN:

EUR/JPY - 1H - Technical analysis published on 05/20/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 169.54 JPY

My targets

169.97 JPY (+0.19)

170.72 JPY (+0.94)

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 169.54 JPY. The next resistance located at 169.97 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 170.72 JPY. After this resistance, buyers could then target 172.04 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.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.8

Comment on the 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 rating is 169.78 JPY. The price registered an increase of +0.33% on the session and was between 168.97 JPY and 169.79 JPY. This implies that the price is at +0.48% from its lowest and at -0.01% from its highest.

168.97

169.79

169.78

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

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:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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

A technical analysis in 1H of this EUR/JPY chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by 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.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	167.97	168.83	169.54	169.78
Change (%)	-1.07%	-0.56%	-0.14%	-
Change	-1.81	-0.95	-0.24	-
Level	Minor	Minor	Major	-

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	168.34	168.56	168.89	169.11	169.44	169.66	169.99
Camarilla	169.07	169.12	169.17	169.22	169.27	169.32	169.37
Woodie	168.40	168.59	168.95	169.14	169.50	169.69	170.05
Fibonacci	168.56	168.77	168.90	169.11	169.32	169.45	169.66

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	165.83	166.58	167.90	168.65	169.97	170.72	172.04
Camarilla	168.65	168.84	169.03	169.22	169.41	169.60	169.79
Woodie	166.12	166.72	168.19	168.79	170.26	170.86	172.33
Fibonacci	166.58	167.37	167.86	168.65	169.44	169.93	170.72

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	153.81	158.04	163.16	167.39	172.51	176.74	181.86
Camarilla	165.71	166.57	167.42	168.28	169.14	169.99	170.85
Woodie	154.26	158.26	163.61	167.61	172.96	176.96	182.31
Fibonacci	158.04	161.61	163.82	167.39	170.96	173.17	176.74

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):	67.44
MACD (12,26,9):	0.1300
Directional Movement:	7.53
AROON (14):	78.57
DEMA (21):	169.62
Parabolic SAR (0,02-0,02-0,2):	169.23
Elder Ray (13):	0.19
Super Trend (3,10):	169.17
Zig ZAG (10):	169.75
VORTEX (21):	1.1700
Stochastique (14,3,5):	92.88
TEMA (21):	169.63
Williams %R (14):	-5.56
Chande Momentum Oscillator (20):	0.32
Repulse (5,40,3):	0.1400
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	0.20

MA7:	168.79
MA20:	167.41
MA50:	165.19
MA100:	162.94
MAexp7:	169.60
MAexp20:	169.45
MAexp50:	169.22
MAexp100:	168.92
Price / MA7:	+0.59%
Price / MA20:	+1.42%
Price / MA50:	+2.78%
Price / MA100:	+4.20%
Price / MAexp7:	+0.11%
Price / MAexp20:	+0.19%
Price / MAexp50:	+0.33%
Price / MAexp100:	+0.51%

Quotes : - Real time data - Forex

News

The last news published on EUR/JPY at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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