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:
Bearish
De fond:
Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 120.29 JPY
My targets
119.80 JPY (-0.21)
119.50 JPY (-0.51)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/JPY as long as the price remains well below 120.29 JPY. The next bearish objective for sellers is set at 119.80 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 119.50 JPY. If there is any crossing, the next objective would be the support located at 119.01 JPY. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
FORCE
0
10
5.9
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/JPY price is 120.01 JPY. On the day, this instrument lost -0.07% and was between 120.00 JPY and 120.20 JPY. This implies that the price is at +0.01% from its lowest and at -0.16% from its highest.120.00
120.20
120.01
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
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 15 min. chart of EUR/JPY indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 15 minutes
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 15 minutes
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with Moving Average 50
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
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 15 minutes
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 15 minutes
RSI indicator is back under 50
Type : Bearish
Timeframe : 15 minutes
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 15 minutes
Ichimoku : price is under the cloud
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:
Near horizontal resistance
Type : Bearish
Timeframe : 15 minutes
Resistance of channel is broken
Type : Bullish
Timeframe : 15 minutes
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 117.21 | 118.28 | 119.56 | 120.01 | 120.10 | 120.41 | 120.60 |
| Change (%) | -2.33% | -1.44% | -0.37% | - | +0.07% | +0.33% | +0.49% |
| Change | -2.80 | -1.73 | -0.45 | - | +0.09 | +0.40 | +0.59 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 119.01 | 119.50 | 119.80 | 120.29 | 120.59 | 121.08 | 121.38 |
| Camarilla | 119.87 | 119.95 | 120.02 | 120.09 | 120.16 | 120.24 | 120.31 |
| Woodie | 118.91 | 119.45 | 119.70 | 120.24 | 120.49 | 121.03 | 121.28 |
| Fibonacci | 119.50 | 119.81 | 119.99 | 120.29 | 120.60 | 120.78 | 121.08 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 118.70 | 119.35 | 119.72 | 120.37 | 120.74 | 121.39 | 121.76 |
| Camarilla | 119.81 | 119.90 | 120.00 | 120.09 | 120.18 | 120.28 | 120.37 |
| Woodie | 118.56 | 119.28 | 119.58 | 120.30 | 120.60 | 121.32 | 121.62 |
| Fibonacci | 119.35 | 119.74 | 119.98 | 120.37 | 120.76 | 121.00 | 121.39 |
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 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): | 40.79 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -4.79 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 120.09 | |
| Parabolic SAR (0,02-0,02-0,2): | 120.15 | |
| Elder Ray (13): | -0.05 | |
| Super Trend (3,10): | 120.01 | |
| Zig ZAG (10): | 120.04 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 27.78 | |
| TEMA (21): | 120.10 | |
| Williams %R (14): | -92.31 | |
| Chande Momentum Oscillator (20): | -0.03 | |
| Repulse (5,40,3): | -0.0500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.06 |
| MA7: | 120.47 | |
| MA20: | 120.23 | |
| MA50: | 120.00 | |
| MA100: | 119.31 | |
| MAexp7: | 120.08 | |
| MAexp20: | 120.08 | |
| MAexp50: | 120.10 | |
| MAexp100: | 120.20 | |
| Price / MA7: | -0.38% | |
| Price / MA20: | -0.18% | |
| Price / MA50: | +0.01% | |
| Price / MA100: | +0.59% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.07% | |
| Price / MAexp100: | -0.16% |
News
The latest news and videos published on EUR/JPY at the time of the analysis were as follows:
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This member declared not having a position on this financial instrument or a related financial instrument.
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