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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
ISIN:

EUR/JPY - Daily - Technical analysis published on 03/27/2020 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Neutral
De fond: Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 121.00 JPY
My targets
118.28 JPY (-1.34)
117.21 JPY (-2.41)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 121.00 JPY remains possible. It is advisable to trade EUR/JPY with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 121.00 JPY. The next bearish objective for sellers is set at 118.28 JPY. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 117.21 JPY. In case of crossing, the next objective would be the support located at 116.12 JPY. PS: if there is a bullish break in the resistance located at 121.00 JPY we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
FORCE
0
10
0.4

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:
15 min. 1H Weekly

Additional analysis

Quotes

The EUR/JPY price is 119.62 JPY. On the day, this instrument gained -0.79% and was between 118.80 JPY and 120.73 JPY. This implies that the price is at +0.69% from its lowest and at -0.92% from its highest.

118.80
120.73
119.62

The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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:
Abnormal volumes on EUR/JPY were detected by the Central Volumes scanner:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days

Technical


A technical analysis in Daily of this EUR/JPY chart shows a bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 12 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily


MACD indicator is back over 0

Type : Bullish

Timeframe : Daily



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : Daily


Resistance of triangle is broken

Type : Bullish

Timeframe : Daily



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 117.21 118.28 119.16 119.62 119.97 121.00 122.71
Change (%) -2.01% -1.12% -0.38% - +0.29% +1.15% +2.58%
Change -2.41 -1.34 -0.46 - +0.35 +1.38 +3.09
Level Minor Minor Intermediate - Major Major 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
Standard118.87119.42119.99120.54121.11121.66122.23
Camarilla120.26120.37120.47120.57120.67120.78120.88
Woodie118.89119.43120.01120.55121.13121.67122.25
Fibonacci119.42119.85120.11120.54120.97121.23121.66


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard113.85115.37116.97118.49120.09121.61123.21
Camarilla117.72118.01118.29118.58118.87119.15119.44
Woodie113.90115.39117.02118.51120.14121.63123.26
Fibonacci115.37116.56117.30118.49119.68120.42121.61


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard114.88116.63117.90119.65120.92122.67123.94
Camarilla118.34118.62118.89119.17119.45119.72120.00
Woodie114.64116.51117.66119.53120.68122.55123.70
Fibonacci116.63117.78118.50119.65120.80121.52122.67

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): 51.13
MACD (12,26,9): 0.0300
Directional Movement: -1.15
AROON (14): 85.71
DEMA (21): 119.30
Parabolic SAR (0,02-0,02-0,2): 117.33
Elder Ray (13): 0.32
Super Trend (3,10): 121.28
Zig ZAG (10): 119.56
VORTEX (21): 0.9700
Stochastique (14,3,5): 81.98
TEMA (21): 119.62
Williams %R (14): -33.61
Chande Momentum Oscillator (20): 1.81
Repulse (5,40,3): 0.0200
ROCnROLL: -1
TRIX (15,9): -0.0300
Courbe Coppock: 1.34
MA7: 119.61
MA20: 119.14
MA50: 119.81
MA100: 120.44
MAexp7: 119.71
MAexp20: 119.41
MAexp50: 119.76
MAexp100: 120.09
Price / MA7: +0.01%
Price / MA20: +0.40%
Price / MA50: -0.16%
Price / MA100: -0.68%
Price / MAexp7: -0.08%
Price / MAexp20: +0.18%
Price / MAexp50: -0.12%
Price / MAexp100: -0.39%

News


The last news published on EUR/JPY at the time of the generation of this analysis was as follows:

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

About author

Londinia
Londinia AI

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