#EURJPY - Currently there is an UP SIDE BIAS for EURJPY. XXXJPY CURRENCIES BUY very fast in previous weeks with JPY WEAK after BOJ MEETING. Somehow it is being RECOVERED again. MARKET RISK is still ON. VIX is going DOWN, XXXJPY CURRENCIES SHOULD BE BUY FAST NOW. - Some NEWS coming for the USD will help strengthen the EURO. Because the reason for that is...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
The EURJPY pair hit this week the 1D MA200 (orange trend-line) and seems to be holding it as a Higher Lows Support within the Channel Up that started in April. We first looked into this Fibonacci Channel approach in September and gave us an excellent dump and pump trade: At the moment, as long as this week's low holds, we are expecting the Channel Up to make...
The EURJPY pair emphatically broke above the June Resistance Zone confirming our view of the market since early August. This continues to repeat the fractal of 2020 as we pointed out in our last analysis: This helped us make this accurate projection as the price got rejected initially on the Resistance Zone and after pulling-back to the 1D MA50 (blue...
#EURGBP - Currently the MARKET SENTIMENT for EURGBP is slightly on the DOWN SIDE. The main reason for that is the NEGATIVE RISK SENTIMENT for EUR. And we can mention the BOE intervention. The reason for NEGATIVE SENTIMENT in EUR is USD BUY. Due to this reason, all MARKETS including STOCKS can be seen UP due to MARKET RISK OFF. It affects the EUR in a big...
EUR-JPY broke a falling Resistance lines which make me think That after the pullback and retest The price will go up
The EURJPY pair is pulling back currently after marginally breaking above the June Resistance Zone. This continues to repeat the fractal of 2020 as we pointed out in our last analysis: As you see the projection was correct as the price rebounded exactly on the 1D MA200 (orange trend-line) just like on November 02 2020 and hit the Resistance Zone. If the...
#EURJPY - EURJPY has a short-term UPSIDE BIAS at the moment. XXXJPY CURRENCIES BUYED VERY FAST WITH JPY WEAKNESS. Maybe it can reach 140.234 LEVEL. 142.295 is a very good resistance limit. - Some NEWS coming for the USD will help to weaken or strengthen the EURO. But if the RATE HIKE SENTIMENT is PRICED by the ECB, the EURO can be BUY more. - Anyway, the...
The EURJPY pair has been trading exactly as the plan we first posted here a month ago: As you see, the break below the Channel Up, along with the 1W MACD Bearish Cross, kick-started a sell sequence that eventually found Support and rebounded exactly on the 1D MA200 (orange trend-line). This continues to be a similar pattern with that of May - October 2020. As...
EUR_JPY Break trendline from bullish to bearish And a move Down towards the Demand, target 1 and target 2 SHORT
The EURJPY pair has been on a long-term bullish trend since the May 2020 bottom, best illustrated with the help of the Fibonacci Channel on this 1D time-frame. The price broke yesterday below the 1D MA50 (blue trend-line) for the first time since May 25, ringing the first bearish bell. The second could come from the MACD indicator, which on the 1W time-frame is...
After testing its lowest point in the last two weeks as bears appear to be expressing their strength on the back of possible EU inflation data. From a technical perspective, the last couple of weeks have been a challenge for the bulls, price has been unable to break above 144.300 hereby creating a scenario that looks like a reversal setup in the form of a double...
LIVE TRADE SIGNAL: SELL STOP: 141.200 RISK RATIO: 2.1 HOLD PERIOD: 4HRS - 3DAYS TRADE TYPE: DAY ........................................................................................................................................ Technical Analysis detailed from Chart price action, overlays and indicators. *leave comments or message me about how I can improve...
With my key level at 143.000 area, I have a strong feeling that the tendency for a bullish continuation is going to happen as long as we do not have a breakdown/retest of the bearish trendline identified on the 1H time frame. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not...
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
The EURJPY pair is trading around the 1D MA50 (blue trend-line) being within a Channel Down pattern since the April 21 High. Coming off a Bearish Megaphone, this is similar to the Channel Down of September - November 2020, which was nothing more than a big Bull Flag on its way to a strong uptrend. If the pattern continues to be repeated, then the price should...
- EUR FEATURE is currently trading at 1.0611 LEVEL. It's just below the DYNAMIC S / R LEVELS. Also the JPY FEATURE is UP. It stays at 0.0078 LEVEL. The EURJPY PRICE is above the DYNAMIC S / R LEVELS. So most of the time the PRICE can be UP again in the form of a STRUCTURE. Then there will be DOWN. - Currently the SENTIMENT of the OVERALL MARKET is moving...
A follow-up detail on the EURJPY that was published earlier today (see link below for reference purposes) where we expected the price to come down into the key level area at 137 area. At current structure is supporting a reversal pattern right above this key level where we want to be looking for an opportunity to buy the Euro. Risk Disclaimer: Margin trading in...