EURJPY Down 4 Pips Over Past Hour, Makes Big Move Relative to Two Week Trend; Moves Down For the 2nd Consecutive Day
This is a reversal of the price action on the previous hour, in which price moved up.
EURJPY
(Last Updated April 15, 2021)
Welcome to the news page for EURJPY (EURJPY). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
Forex Calendar for EURJPY
| metric_name | reference_period | asset_name | asset_id | date | time | forecast | outcome |
|---|---|---|---|---|---|---|---|
| Japan BoJ Gov Kuroda Speech | NA | Japanese Yen | JPY | 2021-04-15 | 01:00 GMT | ||
| Japan Reuters Tankan Index | Apr 2021 | Japanese Yen | JPY | 2021-04-15 | 23:00 GMT | ||
| Euro Area Eurogroup Video Conference | NA | Euro | EUR | 2021-04-16 | 08:00 GMT | ||
| Euro Area Core Inflation Rate YoY Final | Mar 2021 | Euro | EUR | 2021-04-16 | 09:00 GMT | 0.9% | |
| Euro Area Inflation Rate YoY Final | Mar 2021 | Euro | EUR | 2021-04-16 | 09:00 GMT | 1.3% |
The Trend
If we observe the 90, 30 and 14 day timeframes, we see an uptrend in place for EURJPY.
EURJPY Moving Averages
The moving averages on EURJPY indicate a trend that is clearly bullish.
The chart below illustrates.
As for assets in the Forex asset class EURJPY has been correlated to over the past week, it has been most correlated with CADCHF. Over the past 14 days, however, USDZAR is the asset most correlated to EURJPY. On the flip side, the asset least correlated with EURJPY over the past week has been EURNOK, but if we observe the prior two weeks, CADJPY has been the asset least correlated with EURJPY. See the chart below to observe the recent price action in EURJPY versus those of assets it hasn’t been well correlated with.
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The View From the Weekly Timeframe
At the moment, EURJPY’s rate is down -1.3 pips (-0.01%) from the week prior. Moreover, note that this move is a reversal from the week prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 10 week timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on EURJPY. Given that we see an uptrend on the 20 and 10 weekly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The weekly chart below shows EURJPY’s price action over the past year.
EURJPY: The Monthly View
Strongest trend on the 24 month timeframe.
EURJPY Down 19 Pips Over Past Hour, Makes Big Move Relative to Two Week Trend; Pin Bar Pattern Appearing on Chart
It’s been a feast for bears operating on an hourly timeframe, as eurjpy has now gone down 4 of the past 5 hours.
EURJPY Up 4 Pips On Hourly Chart, Makes Big Move Relative to Two Week Trend; in an Uptrend Over Past 90 Days
Volatility for eurjpy has been contracting over the past two weeks relative to volatility over the past month.
EURJPY Down 4 Pips in Last Hour, in an Uptrend Over Past 90 Days; Nears 20 Day Moving Average
Compared to its peers in the forex, eurjpy gave its buyers a return that ranked 8th in terms of percentage change since the day prior.
EURJPY Down 2 Pips Over Past Hour; Nears 20 Day Moving Average
Price action traders may also wish to note that we see a doji candlestick pattern on eurjpy.
EURJPY Down 10 Pips in Last Hour, in an Uptrend Over Past 90 Days; Sentiment Suggests Sellers in Charge
If the price breaks the entry price at 130.37, then it can touch its support level at 130.19 and if price breaks the support level then it can touch its second target at 129.98.
EURJPY Up 9 Pips On Hourly Chart, Moves Down For the 2nd Consecutive Day; Eyes 20 Day Average
This is a reversal of the price action on the previous hour, in which price moved down.
EURJPY Down 0 Pips Over Past Hour, in an Uptrend Over Past 90 Days; Eyes 20 Day Average
Of note is that the 100 hour changed directions on eurjpy; it is now pointing up.
EURJPY Down 3 Pips Over Past Hour; in an Uptrend Over Past 14 Days
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up.
EURJPY Up 6 Pips Over Past Hour, in an Uptrend Over Past 14 Days; Eyes 20 Day Average
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up.