The recent Nikkei rally is bringing it ever closer to that "magical" 30,000 level which it hasn't touched since the late '80s collapse. IFF a breakout occurs, expect a collapse in all XYZ/JPY pairs - since, true to form, every equity/hedge fund in the world is expected to pile in. Internal Chinese (export/import) numbers are showing a fair pick up in exports -...
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Swing Trade - EURJPY In Weekly Chart, - Price broke historical high. The danger of it is that it is vulnerable to news and may be over-heated. - Hence, to be on the more conservative side, wait for price to break a zone or TL to know what it will do - Expecting price to come down in future In Daily Chart, - Wait for price to do something. - SHORT...
Hello traders. Looking into this pair I can see that EUR longs are becoming exhausted. Currently we are in extremely overbought territory. On the daily we have the RSI coming out of overbought and on the 4H we have massive divergence. Also on the 4H we have broken support. However we have now come in contact with a daily support zone. I am expecting price to...
The EUR/JPY pair extended its losses for the second consecutive day, sliding to 157.40. Strong retail sales data from Japan contributed to the strengthening of the Japanese Yen. Despite hot inflation figures reported in Germany, with CPI rising to 6.4% (compared to the expected 6.3%), and in Spain, with CPI reaching 1.9% (compared to the expected 1.7%), the...
OANDA:EURJPY EUR JPY Short Setup - Bearish Divergence Play Well in 1hr
#EURJPY Has been in uptrend for long enough time and the pair has started to show some exhaustion by creating this beautiful reversal pattern at the top. We have a potential opportunity for a short trade. + Don’t Forget To Match With Your Strategy. Like + Comments Will Be A Big Support. Disclaimer: Buying OR Selling is your own decesion. This is just my...
- Price is in an overall uptrend, creating higher highs and higher lows - Price made a bullish push and broke above the initial resistance/supply zone (blue rectangle), which now acts as a form of support/demand zone. -Price previously closed as a hanging man candlestick pattern which also hints at a possible reversal. - If the next candle ends in a bearish...
EURJPY has sold off on the day with terrible PMIs and that plays into the BoJ and ECB narrowing of the divergence theme as well. Looking for an area to short from.
Price has tapped into weekly supply area and a market structure shift on LTF confirming a retracement to 0.382 Fib level and 4H demand level. Entry: 155.864 TP:153.196 SL: 156.516 RR: 1:4 Follow for more :)
FX:EURJPY Sell Day Trade today EURJPY Sell 155.969 Top 155.600 It has reached the resistance and moving horizontal so good opportunity to sell
Based on the Relative Strength Index (RSI) indicator, there is currently a divergence present. Once the first HL (Higher Low) is broken, and first LH (Lower High) and LL (Lower low) are formed this would confirm the formation of a bearish trend. I plan to enter a short trade with a 1:1 risk/reward ratio. Please note that this is my personal analysis and trade...
Hello everyone. The above chart is my weekly analysis for the EURJPY pair. Do note that this is my long term analysis for the next/couple of years to come. This is my personal view. Let me know what you think. Trade with care. God bless you.
Asian stock markets could fall in Monday's trade as investors await to see if the recent sell-off in long-dated bonds will last and could ease pressure on the dong. Dollar. The MSCI index of Asia-Pacific shares (excluding Japan), was down 0.02% at 562, but still near the January high of 574.52. Japan's Nikkei (N225) fell 0.4% after hitting a six-month high on...
Dear traders, we can see the formation of a potential triple top pattern in EUR/JPY. EUR/JPY is currently in the resistance level. So, if we see bearish price action that this resistance zone, we can consider selling EURJPY@ 151.30-151.60 with SL above resistance and TPs at 148.73, 146.60.
EURJPY looks bullish. Price remains in the channel. It has retested the lower boundary of the channel and confirmed it as a support once again. We're expecting the price to rise from here and retest the upper boundary of the channel which is a final target for longs and entry for shorts. Take profit: 151,319 stop loss: 147,038
OANDA:EURJPY The price has reached the upper trend line and Gartley pattern has also been formed. I expect the price to fall to the specified areas.
From the recent low under 140 and the important 143 resistance break, EurJpy has risen more than 1000 pips. However, in the past months seems like the pair lost its power to the upside and could enter in a range trading phase with a top above 150 and a bottom slightly under 147. The price action in the past 2 trading weeks is drawing a H&S pattern on our charts...