EUR/JPY - 1H - Technical analysis published on 10/18/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
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 (+0.05%)
121.35 JPY (+0.38%)
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 120.33 JPY. The next resistance located at 120.95 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 121.35 JPY. After this resistance, buyers could then target 122.69 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
0
10
8
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/JPY rating 120.89 JPY. The price registered an increase of +0.06% on the session with the lowest point at 120.67 JPY and the highest point at 121.00 JPY. The deviation from the price is +0.18% for the low point and -0.09% for the high point.120.67
121.00
120.89
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
A study of price movements over other periods shows the following variations:
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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are bullish. There is still some doubt about the price increase.
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
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 119.12 | 119.73 | 120.33 | 120.89 | 120.95 | 121.35 | 122.69 |
| Change (%) | -1.46% | -0.96% | -0.46% | - | +0.05% | +0.38% | +1.49% |
| Change | -1.77 | -1.16 | -0.56 | - | +0.06 | +0.46 | +1.80 |
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 119.30 | 119.81 | 120.32 | 120.83 | 121.34 | 121.85 | 122.36 |
| Camarilla | 120.54 | 120.63 | 120.73 | 120.82 | 120.91 | 121.01 | 121.10 |
| Woodie | 119.29 | 119.81 | 120.31 | 120.83 | 121.33 | 121.85 | 122.35 |
| Fibonacci | 119.81 | 120.20 | 120.44 | 120.83 | 121.22 | 121.46 | 121.85 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 114.87 | 115.96 | 117.82 | 118.91 | 120.77 | 121.86 | 123.72 |
| Camarilla | 118.87 | 119.14 | 119.41 | 119.68 | 119.95 | 120.22 | 120.49 |
| Woodie | 115.26 | 116.15 | 118.21 | 119.10 | 121.16 | 122.05 | 124.11 |
| Fibonacci | 115.96 | 117.09 | 117.78 | 118.91 | 120.04 | 120.73 | 121.86 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 111.61 | 113.73 | 115.76 | 117.88 | 119.91 | 122.03 | 124.06 |
| Camarilla | 116.64 | 117.02 | 117.40 | 117.78 | 118.16 | 118.54 | 118.92 |
| Woodie | 111.56 | 113.71 | 115.71 | 117.86 | 119.86 | 122.01 | 124.01 |
| Fibonacci | 113.73 | 115.32 | 116.30 | 117.88 | 119.47 | 120.45 | 122.03 |
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): | 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): | 0.06 | |
| Super Trend (3,10): | 120.54 | |
| Zig ZAG (10): | 120.87 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 74.75 | |
| TEMA (21): | 120.86 | |
| Williams %R (14): | -33.33 | |
| Chande Momentum Oscillator (20): | 0.06 | |
| Repulse (5,40,3): | -0.0100 | |
| 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: | +0.73% | |
| Price / MA20: | +2.00% | |
| Price / MA50: | +2.16% | |
| Price / MA100: | +0.90% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.26% | |
| Price / MAexp100: | +0.60% |
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
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Weekly Technical Analysis: 08/07/2019 - EURJPY, GBPUSD, NZDUSD
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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.
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