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EUR/JPY
EUR JPY
- JPY (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURJPY
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EUR/JPY - 15 min. - Technical analysis published on 12/09/2019 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
11%
50%
39%
My opinion
Bearish under 120.13 JPY
My targets
119.99 JPY (-0.07)
119.93 JPY (-0.13)
My analysis
The bearish trend is currently very strong for EUR/JPY. As long as the price remains below the resistance at 120.13 JPY, you could try to take advantage of the bearish rally. The first bearish objective is located at 119.99 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 119.93 JPY as an objective. Crossing it would then enable sellers to target 119.56 JPY. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
7.3

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:
1H Daily Weekly

Additional analysis

Quotes

The EUR/JPY price is 120.06 JPY. On the day, this instrument lost -0.07% with the lowest point at 120.00 JPY and the highest point at 120.14 JPY. The deviation from the price is +0.05% for the low point and -0.07% for the high point.

120.00
120.14
120.06

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

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 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 15 min. shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 15 minutes


Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 15 minutes


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 15 minutes


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 15 minutes



The probability of a further decline is low given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 15 minutes


Aroon indicator bearish trend

Type : Bearish

Timeframe : 15 minutes


Ichimoku - Bearish crossover : Tenkan & Kijun

Type : Bearish

Timeframe : 15 minutes


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 15 minutes



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 15 minutes


Resistance of channel is broken

Type : Bullish

Timeframe : 15 minutes



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 117.21 118.28 119.56 120.06 120.10 120.41 120.60
Change (%) -2.37% -1.48% -0.42% - +0.03% +0.29% +0.45%
Change -2.85 -1.78 -0.50 - +0.04 +0.35 +0.54
Level Intermediate Intermediate Intermediate - Minor Intermediate Intermediate



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard119.93119.99120.07120.13120.21120.27120.35
Camarilla120.10120.11120.13120.14120.15120.17120.18
Woodie119.93120.00120.07120.14120.21120.28120.35
Fibonacci119.99120.05120.08120.13120.19120.22120.27


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard118.70119.35119.72120.37120.74121.39121.76
Camarilla119.81119.90120.00120.09120.18120.28120.37
Woodie118.56119.28119.58120.30120.60121.32121.62
Fibonacci119.35119.74119.98120.37120.76121.00121.39


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): 43.58
MACD (12,26,9): -0.0100
Directional Movement: -1.99
AROON (14): -78.57
DEMA (21): 120.08
Parabolic SAR (0,02-0,02-0,2): 120.17
Elder Ray (13): -0.05
Super Trend (3,10): 119.99
Zig ZAG (10): 120.07
VORTEX (21): 1.0000
Stochastique (14,3,5): 40.83
TEMA (21): 120.12
Williams %R (14): -65.00
Chande Momentum Oscillator (20): -0.06
Repulse (5,40,3): -0.0400
ROCnROLL: 2
TRIX (15,9): 0.0000
Courbe Coppock: 0.07
MA7: 120.40
MA20: 120.24
MA50: 120.04
MA100: 119.30
MAexp7: 120.11
MAexp20: 120.10
MAexp50: 120.18
MAexp100: 120.32
Price / MA7: -0.28%
Price / MA20: -0.15%
Price / MA50: +0.02%
Price / MA100: +0.64%
Price / MAexp7: -0.04%
Price / MAexp20: -0.03%
Price / MAexp50: -0.10%
Price / MAexp100: -0.22%

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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