EUR/JPY - Daily - Technical analysis published on 09/19/2019 (GMT)
- Who voted?
- 109
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bearish
Technical indicators
72%
0%
28%
My opinion
Bullish above 118.28 JPY
My targets
120.95 JPY (+1.22%)
122.82 JPY (+2.79%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for EUR/JPY as long as the price remains well above 118.28 JPY. The buyers” bullish objective is set at 120.95 JPY. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 122.82 JPY. If there is any crossing, the next objective would be the resistance located at 125.15 JPY. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 120.95 JPY. On this resistance, against the trend traders who would like to go short on EUR/JPY with a bearish signal from their trading strategy, should not hesitate to act.
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
0
10
2.7
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 hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/JPY price is 119.49 JPY. The price is lower by -0.10% since the last closing and was traded between 118.95 JPY and 119.64 JPY over the period. The price is currently at +0.45% from its lowest and -0.13% from its highest.118.95
119.64
119.49
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EUR/JPY in Daily shows an overall slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
CCI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
Horizontal support is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 111.06 | 115.29 | 118.28 | 119.49 | 120.95 | 122.82 | 125.15 |
| Change (%) | -7.05% | -3.51% | -1.01% | - | +1.22% | +2.79% | +4.74% |
| Change | -8.43 | -4.20 | -1.21 | - | +1.46 | +3.33 | +5.66 |
| Level | Major | Intermediate | Major | - | Intermediate | Minor | Major |
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 | 119.00 | 119.20 | 119.41 | 119.61 | 119.82 | 120.02 | 120.23 |
| Camarilla | 119.50 | 119.54 | 119.57 | 119.61 | 119.65 | 119.69 | 119.72 |
| Woodie | 119.00 | 119.20 | 119.41 | 119.61 | 119.82 | 120.02 | 120.23 |
| Fibonacci | 119.20 | 119.36 | 119.46 | 119.61 | 119.77 | 119.87 | 120.02 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 115.72 | 116.64 | 118.18 | 119.10 | 120.64 | 121.56 | 123.10 |
| Camarilla | 119.05 | 119.28 | 119.51 | 119.73 | 119.96 | 120.18 | 120.41 |
| Woodie | 116.04 | 116.80 | 118.50 | 119.26 | 120.96 | 121.72 | 123.42 |
| Fibonacci | 116.64 | 117.58 | 118.16 | 119.10 | 120.04 | 120.62 | 121.56 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 111.19 | 113.87 | 115.34 | 118.02 | 119.49 | 122.17 | 123.64 |
| Camarilla | 115.66 | 116.04 | 116.42 | 116.80 | 117.18 | 117.56 | 117.94 |
| Woodie | 110.58 | 113.57 | 114.73 | 117.72 | 118.88 | 121.87 | 123.03 |
| Fibonacci | 113.87 | 115.46 | 116.44 | 118.02 | 119.61 | 120.59 | 122.17 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 56.50 | |
| MACD (12,26,9): | 0.2400 | |
| Directional Movement: | -2.50 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 118.87 | |
| Parabolic SAR (0,02-0,02-0,2): | 117.77 | |
| Elder Ray (13): | 0.37 | |
| Super Trend (3,10): | 116.97 | |
| Zig ZAG (10): | 119.44 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 89.88 | |
| TEMA (21): | 119.57 | |
| Williams %R (14): | -13.25 | |
| Chande Momentum Oscillator (20): | 3.30 | |
| Repulse (5,40,3): | 0.7700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 3.59 |
| MA7: | 119.44 | |
| MA20: | 118.20 | |
| MA50: | 119.06 | |
| MA100: | 120.72 | |
| MAexp7: | 119.30 | |
| MAexp20: | 118.74 | |
| MAexp50: | 119.23 | |
| MAexp100: | 120.61 | |
| Price / MA7: | +0.04% | |
| Price / MA20: | +1.09% | |
| Price / MA50: | +0.36% | |
| Price / MA100: | -1.02% | |
| Price / MAexp7: | +0.16% | |
| Price / MAexp20: | +0.63% | |
| Price / MAexp50: | +0.22% | |
| Price / MAexp100: | -0.93% |
News
The last news published on EUR/JPY at the time of the generation of this analysis was as follows:
-
FX Price Action Setups in EUR/USD, USD/CAD, EUR/JPY and GBP/JPY
-
Weekly Technical Analysis: 08/07/2019 - EURJPY, GBPUSD, NZDUSD
-
Weekly Technical Analysis: 10/06/2019 - GBPUSD, EURJPY, USDCHF
-
Weekly Technical Analysis: 20/05/2019 - USDJPY, GBPUSD, EURJPY
-
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.
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 - Daily