piponomics
Short

Today's Chart - EUR/JPY

FX:EURJPY   Euro Fx/Japanese Yen

Today's Chart: :EUR/JPY ( HOURLY )


The primary trend of EUR/JPY             is bullish on charts and price is trading below the trend line in its hourly chart. In hourly chart the price is sustaining above 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair. It is having an important resistance at the level of 131.65 and support at the level of 130.02. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.

INDICATORS

MACD is sustaining in its negative territory indicating the bearish trend in the pair.

RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair.

STRATEGY

EUR/JPY             is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra-day to mid-term positions in it.



http://www.tradingsignalreviews.com
pesca1313 PRO
a year ago
Hi, i agree with you. I`m already shorting thr euro since friday morning. Downtrending, with price action well below 150 EMA, and retracing from resistance, in the 25 and 50 EMA, on the daily chart. Target: 126.7/ Stop loss at 132.16. Risk reward a litle over 1:4 Expect to reach target on friday. Maybe it`s a long shot. Would like to know your opinion. Thank you. I couldn`t upload the chart, dont know why.
+1 Reply
piponomics pesca1313
a year ago
Pesca please pm me your chart I would love to see! Thanks Kate
Reply
pesca1313 PRO piponomics
a year ago
Shorting EUR/JPY

Hope the chart goes this time.
Reply
pesca1313 PRO pesca1313
a year ago
Nothing fancy, i usually don`t use too many indicators, in this case i just used chat analisys. Btw, LL stands for Lowest Low, in my book, of course. :) I allways mark the lowest level of the previous year, 2015 in this case, and it was alyready tested in January. Now i`ll just wait for it, the market will decide, like always. :)
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out