EUR/JPY - Daily - Technical analysis published on 01/24/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Neutral
Technical indicators
17%
56%
28%
My opinion
Bearish under 121.47 JPY
My targets
118.41 JPY (-2.10)
117.21 JPY (-3.30)
My analysis
The strong short-term decrease of EUR/JPY should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 121.47 JPY, a sale could be considered. The first bearish objective is located at 118.41 JPY. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 117.21 JPY. If there is any crossing, the next objective would be support 116.12 JPY. Caution, if there is a return to above 121.47 JPY, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
3
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This analysis was given by Edd8011. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/JPY price is 120.51 JPY. On the day, this instrument lost -0.51% with the lowest point at 120.50 JPY and the highest point at 121.27 JPY. The deviation from the price is +0.01% for the low point and -0.63% for the high point.120.50
121.27
120.51
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in Daily of this EUR/JPY chart shows a neutral trend. This indecision could turn into a bearish trend due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
In fact, 10 technical indicators on 18 studied are currently bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 117.21 | 118.41 | 120.45 | 120.51 | 121.47 | 122.38 | 123.47 |
| Change (%) | -2.74% | -1.74% | -0.05% | - | +0.80% | +1.55% | +2.46% |
| Change | -3.30 | -2.10 | -0.06 | - | +0.96 | +1.87 | +2.96 |
| Level | Intermediate | Minor | Major | - | Intermediate | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 119.40 | 120.02 | 120.57 | 121.19 | 121.74 | 122.36 | 122.91 |
| Camarilla | 120.81 | 120.92 | 121.02 | 121.13 | 121.24 | 121.34 | 121.45 |
| Woodie | 119.38 | 120.00 | 120.55 | 121.17 | 121.72 | 122.34 | 122.89 |
| Fibonacci | 120.02 | 120.46 | 120.74 | 121.19 | 121.63 | 121.91 | 122.36 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 40.16 | |
| MACD (12,26,9): | 0.0500 | |
| Directional Movement: | -11.17 | |
| AROON (14): | 42.85 | |
| DEMA (21): | 121.78 | |
| Parabolic SAR (0,02-0,02-0,2): | 122.83 | |
| Elder Ray (13): | -0.75 | |
| Super Trend (3,10): | 122.92 | |
| Zig ZAG (10): | 120.53 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 35.85 | |
| TEMA (21): | 121.58 | |
| Williams %R (14): | -86.30 | |
| Chande Momentum Oscillator (20): | -0.64 | |
| Repulse (5,40,3): | -1.2200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.46 |
| MA7: | 121.77 | |
| MA20: | 121.69 | |
| MA50: | 121.23 | |
| MA100: | 120.36 | |
| MAexp7: | 121.48 | |
| MAexp20: | 121.64 | |
| MAexp50: | 121.26 | |
| MAexp100: | 120.91 | |
| Price / MA7: | -1.03% | |
| Price / MA20: | -0.97% | |
| Price / MA50: | -0.59% | |
| Price / MA100: | +0.12% | |
| Price / MAexp7: | -0.80% | |
| Price / MAexp20: | -0.93% | |
| Price / MAexp50: | -0.62% | |
| Price / MAexp100: | -0.33% |
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:
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This member declared not having a position on this financial instrument or a related financial instrument.
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