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EURJPY

(Last Updated January 18, 2021)

Hello! This is the news page for 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
Euro Area Eurogroup Video Conference NA Euro EUR 2021-01-18 08:00 GMT
Euro Area ECB President Lagarde Speech NA Euro EUR 2021-01-18 08:00 GMT
European Union New Car Registrations YoY Dec 2020 Euro EUR 2021-01-19 07:00 GMT
Euro Area ZEW Economic Sentiment Index Jan 2021 Euro EUR 2021-01-19 10:00 GMT
Euro Area Construction Output YoY Nov 2020 Euro EUR 2021-01-19 10:00 GMT

The Trend

On EURJPY, we don’t see a clear trend until the 90 day basis, where we see a clear uptrend.

EURJPY Moving Averages

The moving averages on EURJPY summarize its price action in an interesting way. Of the 20, 50, 100, and 200 day averages — three of them (all but the 20) — are bullish, implying a upward trend, save for a decline that occurred about 3 weeks ago. Moreover, it should also be noted that the 20 SMA just turned bearish today.

Below is a chart showing EURJPY’s price with its moving averages.

As for assets in the Forex asset class EURJPY has been correlated to over the past week, it has demonstrated the strongest correlation with NZDCAD. If we zoom out to a two week basis, though, EURCHF is the asset most correlated to EURJPY. On the flip side, AUDCHF has been the asset least correlated with EURJPY — but over the past two weeks, EURTRY has been the asset least correlated with EURJPY. The chart below illustrates EURJPY against its least correlated assets.

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The View From the Weekly Timeframe

At the time of this writing, EURJPY’s rate is down -166 pips (-1.31%) from the week prior. Moreover, note that this is a reversal of the price action on the previous week, in which price moved up. From a weekly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 5, 10 and 20 week timeframes. 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

Monthly view favors rangebound strategies. No clear trend on the 24, 60 and 120 month timeframes.

EURJPY Down 0 Pips Over Past Hour, Breaks Above 50 Day Average; in a Downtrend Over Past 14 Days

Categories Forex News Tags EURJPY
January 22, 2021January 22, 2021

And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.

EUR/JPY Up 21 Pips On Hourly Chart, Breaks Below 50 Day Average; Price Base in Formation Over Past 30 Days

Categories Forex News Tags EURJPY
January 21, 2021

Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up.

EURJPY Up 7 Pips in Last Hour, Breaks Above 50 Day Average; in a Downtrend Over Past 14 Days

Categories Forex News Tags EURJPY
January 22, 2021January 19, 2021

The clearest trend exists on the 14 day timeframe, which shows price moving down over that time.

EURJPY Up 11 Pips Over Past Hour, Came Into Today Down For the 7th Consecutive Day; Doji Pattern Appearing on Chart

Categories Forex News Tags EURJPY
January 19, 2021January 18, 2021

Of note is that the 20 hour changed directions on eurjpy; it is now pointing up.

EURJPY Down 5 Pips in Last Hour, Moves Down For the 5th Straight Day; Doji Pattern Appearing on Chart

Categories Forex News Tags EURJPY
January 18, 2021January 15, 2021

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 Down 8 Pips Over Past Hour, Moves Down For the 5th Straight Day; Doji Pattern Appearing on Chart

Categories Forex News Tags EURJPY
January 15, 2021January 14, 2021

Or to simplify this another way, note that out of the past 30 days eurjpy’s price has gone up 15 them.

EURJPY Up 16 Pips On Hourly Chart, Moves Down For the 4th Day In A Row; Breaks Below 20 Day Average

Categories Forex News Tags EURJPY
January 14, 2021January 13, 2021

Price action traders may also wish to note that we see a doji candlestick pattern on eurjpy.

EURJPY Down 11 Pips in Last Hour, Moves Down For the 3rd Straight Day; Nears 20 Day Moving Average

Categories Forex News Tags EURJPY
January 13, 2021January 12, 2021

Or to simplify this another way, note that out of the past 14 days eurjpy’s price has gone up 7 them.

EURJPY Up 10 Pips On Hourly Chart, Moves Down For the 2nd Consecutive Day; Nears 20 Day Moving Average

Categories Forex News Tags EURJPY
January 12, 2021January 8, 2021

Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.

EURJPY Down 7 Pips On Hourly Chart; Entered Today Up For the 2nd Consecutive Day

Categories Forex News Tags EURJPY
January 8, 2021January 7, 2021

Volatility for eurjpy has been contracting over the past two weeks relative to volatility over the past month.

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