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 12/06/2019 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 120.60 JPY
My targets
120.10 JPY (-0.35)
119.91 JPY (-0.54)
My analysis
In the short term, we can see an acceleration in the bearish trend on EUR/JPY, which is a positive signal for sellers. As long as the price remains above 120.60 JPY, a sale could be considered. The first bearish objective is located at 120.10 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 119.91 JPY as an objective. Crossing it would then enable sellers to target 119.56 JPY. If the price were to return above 120.60 JPY, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
4.5

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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 rating is 120.45 JPY. On the day, this instrument lost -0.23% and was traded between 120.41 JPY and 120.79 JPY over the period. The price is currently at +0.03% from its lowest and -0.28% from its highest.

120.41
120.79
120.45

Here is a more detailed summary of the historical variations registered by EUR/JPY:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of EUR/JPY in 1H shows an overall bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

On the 18 technical indicators analysed, 4 are bullish, 5 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 119.91 120.10 120.41 120.45 120.60 120.89 121.02
Change (%) -0.45% -0.29% -0.03% - +0.12% +0.37% +0.47%
Change -0.54 -0.35 -0.04 - +0.15 +0.44 +0.57
Level Minor Minor Intermediate - Intermediate Intermediate Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard120.22120.38120.56120.72120.90121.06121.24
Camarilla120.64120.67120.70120.73120.76120.79120.82
Woodie120.22120.39120.56120.73120.90121.07121.24
Fibonacci120.38120.51120.59120.72120.85120.93121.06


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard118.88119.27119.97120.36121.06121.45122.15
Camarilla120.36120.46120.56120.66120.76120.86120.96
Woodie119.03119.35120.12120.44121.21121.53122.30
Fibonacci119.27119.69119.95120.36120.78121.04121.45


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard117.46118.35119.51120.40121.56122.45123.61
Camarilla120.10120.28120.47120.66120.85121.04121.22
Woodie117.59118.42119.64120.47121.69122.52123.74
Fibonacci118.35119.14119.62120.40121.19121.67122.45

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): 28.74
MACD (12,26,9): -0.0500
Directional Movement: -13.94
AROON (14): -71.43
DEMA (21): 120.58
Parabolic SAR (0,02-0,02-0,2): 120.74
Elder Ray (13): -0.14
Super Trend (3,10): 120.74
Zig ZAG (10): 120.45
VORTEX (21): 0.9100
Stochastique (14,3,5): 7.81
TEMA (21): 120.50
Williams %R (14): -92.11
Chande Momentum Oscillator (20): -0.32
Repulse (5,40,3): -0.1000
ROCnROLL: 2
TRIX (15,9): 0.0000
Courbe Coppock: 0.32
MA7: 120.60
MA20: 120.27
MA50: 119.96
MA100: 119.32
MAexp7: 120.53
MAexp20: 120.62
MAexp50: 120.63
MAexp100: 120.60
Price / MA7: -0.12%
Price / MA20: +0.15%
Price / MA50: +0.41%
Price / MA100: +0.95%
Price / MAexp7: -0.07%
Price / MAexp20: -0.14%
Price / MAexp50: -0.15%
Price / MAexp100: -0.12%

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

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