EUR/JPY - 1H - Technical analysis published on 12/06/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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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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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:
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:
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
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:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 120.22 | 120.38 | 120.56 | 120.72 | 120.90 | 121.06 | 121.24 |
Camarilla | 120.64 | 120.67 | 120.70 | 120.73 | 120.76 | 120.79 | 120.82 |
Woodie | 120.22 | 120.39 | 120.56 | 120.73 | 120.90 | 121.07 | 121.24 |
Fibonacci | 120.38 | 120.51 | 120.59 | 120.72 | 120.85 | 120.93 | 121.06 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 118.88 | 119.27 | 119.97 | 120.36 | 121.06 | 121.45 | 122.15 |
Camarilla | 120.36 | 120.46 | 120.56 | 120.66 | 120.76 | 120.86 | 120.96 |
Woodie | 119.03 | 119.35 | 120.12 | 120.44 | 121.21 | 121.53 | 122.30 |
Fibonacci | 119.27 | 119.69 | 119.95 | 120.36 | 120.78 | 121.04 | 121.45 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 117.46 | 118.35 | 119.51 | 120.40 | 121.56 | 122.45 | 123.61 |
Camarilla | 120.10 | 120.28 | 120.47 | 120.66 | 120.85 | 121.04 | 121.22 |
Woodie | 117.59 | 118.42 | 119.64 | 120.47 | 121.69 | 122.52 | 123.74 |
Fibonacci | 118.35 | 119.14 | 119.62 | 120.40 | 121.19 | 121.67 | 122.45 |
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% |
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:
- Weekly Technical Analysis: 04/11/2019 - GBPUSD, EURJPY, NZDUSD
- 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
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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…
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