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EUR/JPY
EUR JPY
- JPY (-)
- Real time data - Forex
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Type: Forex
Ticker: EURJPY
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EUR/JPY - 1H - Technical analysis published on 10/18/2019 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 120.33 JPY
My targets
120.95 JPY (+0.07%)
121.35 JPY (+0.40%)
My analysis
The bullish trend is currently very strong on EUR/JPY. As long as the price remains above the support at 120.33 JPY, you could try to benefit from the boom. The first bullish objective is located at 120.95 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 121.35 JPY as an objective. Crossing it would then enable buyers to target 122.69 JPY. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
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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.

hsokkar
This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The EUR/JPY price is 120.87 JPY. The price registered an increase of +0.04% on the session and was traded between 120.67 JPY and 121.00 JPY over the period. The price is currently at +0.17% from its lowest and -0.11% from its highest.

120.67
121.00
120.87

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.

Central Gaps

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 for higher/lower results shows an item:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of EUR/JPY indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 12 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

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


S3S2S1PriceR1R2R3
ProTrendLines 119.12 119.73 120.33 120.87 120.95 121.35 122.69
Change (%) -1.45% -0.94% -0.45% - +0.07% +0.40% +1.51%
Change -1.75 -1.14 -0.54 - +0.08 +0.48 +1.82
Level Intermediate Intermediate Intermediate - Minor Intermediate Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard119.30119.81120.32120.83121.34121.85122.36
Camarilla120.54120.63120.73120.82120.91121.01121.10
Woodie119.29119.81120.31120.83121.33121.85122.35
Fibonacci119.81120.20120.44120.83121.22121.46121.85


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard114.87115.96117.82118.91120.77121.86123.72
Camarilla118.87119.14119.41119.68119.95120.22120.49
Woodie115.26116.15118.21119.10121.16122.05124.11
Fibonacci115.96117.09117.78118.91120.04120.73121.86


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard111.61113.73115.76117.88119.91122.03124.06
Camarilla116.64117.02117.40117.78118.16118.54118.92
Woodie111.56113.71115.71117.86119.86122.01124.01
Fibonacci113.73115.32116.30117.88119.47120.45122.03

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): 56.18
MACD (12,26,9): 0.0700
Directional Movement: 8.66
AROON (14): 21.43
DEMA (21): 120.91
Parabolic SAR (0,02-0,02-0,2): 121.10
Elder Ray (13): 0.07
Super Trend (3,10): 120.54
Zig ZAG (10): 120.87
VORTEX (21): 1.0400
Stochastique (14,3,5): 73.74
TEMA (21): 120.86
Williams %R (14): -39.39
Chande Momentum Oscillator (20): 0.05
Repulse (5,40,3): -0.0300
ROCnROLL: 1
TRIX (15,9): 0.0100
Courbe Coppock: 0.01
MA7: 120.01
MA20: 118.52
MA50: 118.33
MA100: 119.81
MAexp7: 120.86
MAexp20: 120.80
MAexp50: 120.58
MAexp100: 120.17
Price / MA7: +0.72%
Price / MA20: +1.98%
Price / MA50: +2.15%
Price / MA100: +0.88%
Price / MAexp7: +0.01%
Price / MAexp20: +0.06%
Price / MAexp50: +0.24%
Price / MAexp100: +0.58%

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:

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

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Londinia
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