EUR/JPY - 1H - Technical analysis published on 08/18/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 117.96 JPY
My targets
118.28 JPY (+0.19%)
118.73 JPY (+0.58%)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on EUR/JPY as long as the price remains well above 117.96 JPY. The buyers” bullish objective is set at 118.28 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 118.73 JPY. If there is any crossing, the next objective would be the resistance located at 119.14 JPY.
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/JPY rating is 118.05 JPY. The price registered an increase of +0.06% on the session with the lowest point at 117.84 JPY and the highest point at 118.14 JPY. The deviation from the price is +0.18% for the low point and -0.08% for the high point.117.84
118.14
118.05
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this EUR/JPY chart shows a slightly bullish trend. Only 53.57% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 115.29 | 117.63 | 117.96 | 118.05 | 118.28 | 118.73 | 119.14 |
| Change (%) | -2.34% | -0.36% | -0.08% | - | +0.19% | +0.58% | +0.92% |
| Change | -2.76 | -0.42 | -0.09 | - | +0.23 | +0.68 | +1.09 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 117.06 | 117.32 | 117.65 | 117.91 | 118.24 | 118.50 | 118.83 |
| Camarilla | 117.82 | 117.87 | 117.93 | 117.98 | 118.03 | 118.09 | 118.14 |
| Woodie | 117.10 | 117.34 | 117.69 | 117.93 | 118.28 | 118.52 | 118.87 |
| Fibonacci | 117.32 | 117.55 | 117.69 | 117.91 | 118.14 | 118.28 | 118.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 115.05 | 116.28 | 117.13 | 118.36 | 119.21 | 120.44 | 121.29 |
| Camarilla | 117.41 | 117.60 | 117.79 | 117.98 | 118.17 | 118.36 | 118.55 |
| Woodie | 114.86 | 116.19 | 116.94 | 118.27 | 119.02 | 120.35 | 121.10 |
| Fibonacci | 116.28 | 117.08 | 117.57 | 118.36 | 119.16 | 119.65 | 120.44 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 115.92 | 117.99 | 119.23 | 121.30 | 122.54 | 124.61 | 125.85 |
| Camarilla | 119.57 | 119.87 | 120.18 | 120.48 | 120.78 | 121.09 | 121.39 |
| Woodie | 115.52 | 117.78 | 118.83 | 121.09 | 122.14 | 124.40 | 125.45 |
| Fibonacci | 117.99 | 119.25 | 120.03 | 121.30 | 122.56 | 123.34 | 124.61 |
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): | 55.60 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 9.02 | |
| AROON (14): | 0 | |
| DEMA (21): | 117.97 | |
| Parabolic SAR (0,02-0,02-0,2): | 117.67 | |
| Elder Ray (13): | 0.13 | |
| Super Trend (3,10): | 118.27 | |
| Zig ZAG (10): | 118.07 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 80.23 | |
| TEMA (21): | 118.04 | |
| Williams %R (14): | -16.95 | |
| Chande Momentum Oscillator (20): | 0.25 | |
| Repulse (5,40,3): | 0.0800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.30 |
| MA7: | 118.24 | |
| MA20: | 119.33 | |
| MA50: | 120.83 | |
| MA100: | 122.38 | |
| MAexp7: | 118.01 | |
| MAexp20: | 117.95 | |
| MAexp50: | 118.00 | |
| MAexp100: | 118.14 | |
| Price / MA7: | -0.16% | |
| Price / MA20: | -1.07% | |
| Price / MA50: | -2.30% | |
| Price / MA100: | -3.54% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | +0.04% | |
| Price / MAexp100: | -0.08% |
News
The latest news and videos published on EUR/JPY at the time of the analysis were as follows:
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FX Price Action Setups in EUR/USD, USD/CAD, EUR/JPY and GBP/JPY
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Weekly Technical Analysis: 08/07/2019 - EURJPY, GBPUSD, NZDUSD
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Weekly Technical Analysis: 08/04/2019 - GBPUSD, EURJPY, US500
This member declared not having a position on this financial instrument or a related financial instrument.
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