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 01/21/2020 (GMT)

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  • Timeframe : 1H
  • - 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
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

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.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

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:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard121.79121.91122.08122.20122.37122.49122.66
Camarilla122.17122.20122.22122.25122.28122.30122.33
Woodie121.82121.92122.11122.21122.40122.50122.69
Fibonacci121.91122.02122.09122.20122.31122.38122.49


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard120.43121.07121.60122.24122.77123.41123.94
Camarilla121.82121.93122.03122.14122.25122.36122.46
Woodie120.39121.04121.56122.21122.73123.38123.90
Fibonacci121.07121.51121.79122.24122.68122.96123.41


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard117.64118.82120.30121.48122.96124.14125.62
Camarilla121.06121.30121.55121.79122.03122.28122.52
Woodie117.80118.90120.46121.56123.12124.22125.78
Fibonacci118.82119.83120.46121.48122.49123.12124.14

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%

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

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