EURJPY technical analysis

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{TAScore}

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{Buy}

{Sell}

{SCX-Moving Average}

{SCX-Oscillator}

{SCX-PivotPoints}

{VolumeTypeLots}

{VolumeTypeNotionalShort}

{S/L}

{T/P}

{Trail}

{Volume}

{S/L}

{T/P}

{Trail}

{Expiry}

{Comment}

{MagicNumber}

{OCA}

{Contingency}

{Volume}

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{SL} {$}

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{TP} {$}

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{Margin} {$}

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Technical analysis for EURJPY

The analysis shows a variety of moving averages and oscillators, and an overall buy/sell score based on the combination of all the indicators. All the figures update live based on each new market tick.

The moving averages combine traditional calculations (EMA, SMA) with averages which are designed to respond more quickly to changes in price, and to track the current price more closely (Hull, Arnaud Legoux). The table is colour-coded based on whether the current price is above (bullish) or below (bearish) each moving average.

The oscillators track over-bought and over-sold conditions. For example, a value of 80+ on the Stochastic oscillator is traditionally regarded as an over-bought signal, and therefore bearish.

The technical analysis also shows daily pivot points using a variety of popular calculations. If the current price has breached a support level, then that is considered as bearish. Conversely, the analysis regards it as bullish if the price is above a resistance level.

You can change the periods which are used for moving averages, and for oscillators. Adding more moving averages will change their weight in the total score compared to the oscillators. Conversely, adding or removing oscillators will change their contribution to the overall score relative to the moving averages.

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About EURJPY

The EURJPY pair is the abbreviation of the Euro against the Japanese Yen. The Yen is a historically low-yielding currency, making an attractive vehicle to fund carry trades where traders borrow cheaply in JPY to buy higher-yielding currencies, including EUR. Investors tend to favor carry trades at times of optimism about global economic performance and stability; and avoiding them at times of market stress. This makes EUR/JPY sensitive to swings in broad-based market sentiment trends. The pair usually finds volatility in economic news related to the Eurozone debt crisis as well as the extraordinary anti-deflation policy efforts from the Bank of Japan that were introduced in 2013.