Preferred direction: SELL Comment: The price did not approach the level of 1.09000 , at least in the first half of this week, and the euro quickly fell to 1.08000 . In the short term, the decline is likely to continue. An important point, of course, will be today's statistics from the US on GDP , the labor market, and so on. We consider two scenarios,...
Preferred direction: BUY Comment: The probability of a fall in the instrument remains, as we wrote about earlier, but we need to consider the global direction as a priority. As for the medium-term prospects, most likely they will develop in favor of the buyer, as well as the long-term prospects. The focus is on the resistance level of 160.209 , this year's...
The Japanese yen (JPY) is nearing its all-time low against the euro (EUR), driven by differing monetary policies between the Bank of Japan (BOJ) and the European Central Bank (ECB). While the BOJ's interest rates remain significantly lower than those in the Eurozone, the ECB's cautious approach to rate cuts supports the euro. Key Points: - Interest Rate...
Weekly and daily price bars has not moved bullish at all (no top wick), and price seats currently on psychological level 170.000. There are chances that price has found support at that level. If so, then expect a bullish swing up to 171.000 in the coming hours or days. Confluences (A.K.A checklists) to look out for: ✅Price at psychological level? ❌Has there...
EUR/JPY is showing strong bullish momentum with potential for further gains, and a strong uptrend, with moving averages indicating a continuation of this bullish momentum. Key support levels are noted at 169.05 and 167.31. On the upside, resistance is likely at 170.62 and 171.58. A break above these resistance levels could signal further upside potential towards...
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Hello,Friends! The BB upper band is nearby so EUR-JPY is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 166.784. ✅LIKE AND COMMENT MY IDEAS✅
i sell it coz even when dollars down he not down and so many ti_me BOj talk about to intervene. i think they will do soon and if not a big pullback have to happens u can put ur stop lost at 155.6 if u want a bertter RR but i scare about a big leg up
Take a look at our analysis for EURJPY. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 170.021. Considering the today's price action, probabilities will be high to see a movement to 170.485. P.S Please, note that an oversold/overbought condition can last for...
My dear subscribers, This is my opinion on the EURJPY next move: The instrument tests an important psychological level 170.41 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 168.97 About Used Indicators: On the subsequent day,...
Factoring in some learning from my previous 2 trade signals, i have strong conviction that EJ might pullback to immediate past resistance(now support) to gather some liquidity before pushing up. Hence i'd recommend long positions for the pair. See details below Position Parameters; Entry BUY @ 169.500 - 169.223 Flex SL 169.060 Final TP 170.496 Note: i'd share...
Preferred direction: Neutral Comment: AToday, the situation on the euro looks more neutral, and for a more grounded trades, it is better to wait until certain levels are reached. Let's start with the most likely scenario №1 , which assumes a fall towards the level of 1.07500 and below. It should be noted that in a more global perspective than in the short...
Price is at a level last seen in July 2008. At that time as well, price had made several attempts to go higher and failed (thus printing multiple tops). Once again, we can see several tops. A decline of 55,400 points (about 33%) happened in 2008, I can only wonder what we will see on this occasion. I see a supply zone (yellow rectangle) and expect this pair to...
Preferred direction: SELL Comment: The opinion and trading setup for the Japanese yen also remains the same. In the short term, all this will most likely be a small, but downward movement towards levels 153 and 152 . The two previous scenarios are relevant for today, as already mentioned. Scenario №1 - sales at current prices, and scenario №2 - a...
Preferred direction: BUY Comment: The end of the previous trading week was not in favor of the US dollar , which we were preparing for and talking about during the previous week. The beginning of this week will most likely maintain this bearish sentiment for the US dollar and a short-term strengthening is expected for its main competitors, at a...
1. We had a news release last night during the asian session - the outcome was bullish on EUR/JPY 2. I believe we will have a continuation of this bullish sentiment coming to the NY/LUNCH/PM session. lets wait and see what the market delivers - staying fixed on a trading model is integral for generating profits.
Find my confluences below; ✅Price at psychological level? ✅Has there been a recent intraday range? ❌Do you see 30 mins or 1 hr price bar closure outside recent range? ✅Will position be in the direction of 4hr and Daily trend ? ✅Has nearby wicks to the lefthand side been identified and marked as potential problem area/TPx? Go long the moment the pending condition...
The EURJPY pair gave us a textbook buy-low-sell-high two-way trade last time we looked at it (March 25, see chart below) and hit both targets: Right now it may be shifting into a new Channel Up (dashed), diverging slightly from the (blue) long-term one. The 1D MA50 (blue trend-line) has been holding as Support basically since the January 10 bullish break-out,...