EUR/JPY - 1H - Technical analysis published on 01/21/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 122.38 JPY
My targets
121.69 JPY (-0.28)
121.47 JPY (-0.50)
My analysis
The bearish trend is currently very strong for EUR/JPY. As long as the price remains below the resistance at 122.38 JPY, you could try to take advantage of the bearish rally. The first bearish objective is located at 121.69 JPY. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 121.47 JPY as an objective. Crossing it would then enable sellers to target 121.10 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
7.1
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/JPY rating 121.97 JPY. On the day, this instrument lost -0.23% with the lowest point at 121.89 JPY and the highest point at 122.27 JPY. The deviation from the price is +0.07% for the low point and -0.25% for the high point.121.89
122.27
121.97
Here is a more detailed summary of the historical variations registered by EUR/JPY:
Technical
A technical analysis in 1H of this EUR/JPY chart shows a sharp 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 4 are neutral and 10 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
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
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 support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
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 | 121.10 | 121.47 | 121.69 | 121.97 | 122.38 | 122.87 | 123.47 |
Change (%) | -0.71% | -0.41% | -0.23% | - | +0.34% | +0.74% | +1.23% |
Change | -0.87 | -0.50 | -0.28 | - | +0.41 | +0.90 | +1.50 |
Level | Minor | Major | Major | - | Major | Minor | Minor |
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 | 121.79 | 121.91 | 122.08 | 122.20 | 122.37 | 122.49 | 122.66 |
Camarilla | 122.17 | 122.20 | 122.22 | 122.25 | 122.28 | 122.30 | 122.33 |
Woodie | 121.82 | 121.92 | 122.11 | 122.21 | 122.40 | 122.50 | 122.69 |
Fibonacci | 121.91 | 122.02 | 122.09 | 122.20 | 122.31 | 122.38 | 122.49 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 120.43 | 121.07 | 121.60 | 122.24 | 122.77 | 123.41 | 123.94 |
Camarilla | 121.82 | 121.93 | 122.03 | 122.14 | 122.25 | 122.36 | 122.46 |
Woodie | 120.39 | 121.04 | 121.56 | 122.21 | 122.73 | 123.38 | 123.90 |
Fibonacci | 121.07 | 121.51 | 121.79 | 122.24 | 122.68 | 122.96 | 123.41 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 117.64 | 118.82 | 120.30 | 121.48 | 122.96 | 124.14 | 125.62 |
Camarilla | 121.06 | 121.30 | 121.55 | 121.79 | 122.03 | 122.28 | 122.52 |
Woodie | 117.80 | 118.90 | 120.46 | 121.56 | 123.12 | 124.22 | 125.78 |
Fibonacci | 118.82 | 119.83 | 120.46 | 121.48 | 122.49 | 123.12 | 124.14 |
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): | 39.78 | |
MACD (12,26,9): | -0.0700 | |
Directional Movement: | -15.45 | |
AROON (14): | -21.43 | |
DEMA (21): | 122.02 | |
Parabolic SAR (0,02-0,02-0,2): | 122.24 | |
Elder Ray (13): | -0.08 | |
Super Trend (3,10): | 122.30 | |
Zig ZAG (10): | 122.02 | |
VORTEX (21): | 0.9000 | |
Stochastique (14,3,5): | 20.83 | |
TEMA (21): | 122.01 | |
Williams %R (14): | -65.00 | |
Chande Momentum Oscillator (20): | -0.16 | |
Repulse (5,40,3): | -0.0100 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0100 | |
Courbe Coppock: | 0.19 |
MA7: | 122.34 | |
MA20: | 121.80 | |
MA50: | 121.15 | |
MA100: | 120.26 | |
MAexp7: | 122.02 | |
MAexp20: | 122.10 | |
MAexp50: | 122.21 | |
MAexp100: | 122.27 | |
Price / MA7: | -0.30% | |
Price / MA20: | +0.14% | |
Price / MA50: | +0.68% | |
Price / MA100: | +1.42% | |
Price / MAexp7: | -0.04% | |
Price / MAexp20: | -0.11% | |
Price / MAexp50: | -0.20% | |
Price / MAexp100: | -0.25% |
News
The latest news and videos published on EUR/JPY at the time of the analysis were 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.
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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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