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Euro’s sharp retreat from 102.80 (last week’s high) adds credence to our view that top is formed there and as the rebound from 99.65 has ended at 102.80, consolidation with downside bias remains for further weakness towards psychological support at 100.00, however, break of minor support at 99.80 (last week’s low) is needed to signal early decline from 103.85 has resumed for deeper correction of early rise to 99.63-65, then towards 99.20-30.
Reinforces of price on friday ago finally had stopped at level 102.73 so that it formed peak zig-zag as it looks in chart tf m15. After toush that level, price retraced down back to opening market level until now, if price still in downward movement it can touch psichologist level at 102.00.
The Bulls were not quite so strong, the couple did not even have the strength to walk to the 103.65 resistance as she collapsed heavily to the south, now I'm talking about buying do not even think I wait a good point to sell, the couple can go and still lower to 99.70.
Euro's sharp withdraw from 102.80 (a week ago's high) adds trustworthiness to our view that top is shaped there and as the bounce back from 99.65 has finished at 102.80, combination with drawback inclination stays for further shortcoming towards mental help at 100.00, notwithstanding, break of minor help at 99.80 (a week ago's low) is expected to flag early decrease from 103.85 has continued for more profound rectification of early ascent to 99.63-65, at that point towards 99.20-30.
combined for analysis with currency EUR/JPY at timeframe H1
is Bollinger Bands = TREND DOWN, Elliot Wave = TREND DOWN, RSI = TREND DOWN, CCI = TREND DOWN, ADX = TREND DOWN, MACD = TREND DOWN, Parabolic SAR = TREND DOWN, Stochastic = TREND DOWN, William Percent = TREND DOWN, Aaron = TREND DOWN
so the conclusion to the current signal TREND DOWN
Daily pivot Fibonacci points: Resistance levels: R1:133.02 R2: 133.28 R3: 133.70Support levels: S1: 132.38 S2: 131.96 S3:131.50
Daily overview for EurJpy
The price is finding the first support at 125.33 and the next support is at 125.14 The price is finding the first resistance at 1.2578 and the next resistance is at 1.2600
--- Trading recommendations for ttrading : Open Sell ---
I predict price will be continued falling today. The first target is the level 1.2520 After fixing below the first target, then price will go to the level of 1.2497 will become the next one.
we need looking fundamental news to get clear signal, don’t be overconfidence in our trading. this market is very dangerous for us. Keep apply our trading rules.
Standart Support – Resistance :
Resistent1 : 1.2578
Resistent2 : 1.2600
Resistent3 : 1.2617
Support 1 : 1.2533
Support 2 : 1.2514
Support 3 : 1.2529
I try to make analysis for eurjpy pair today.
I see this pair still in strong bearish movement . If this pair can break the 125.30 support level, I predict this pair will go down to the next support at 124.80 But if this pair go up and break 125.81 resistent level, I predict this pair will make some correction to the next resistent level at around 126.31
Sell signal is indicated from the Simple Moving Average and Bollinger Bands indicator . I suggest to entry Sell with stoploss at 125.65 and take profit at 124.80
my advice .. don’t use high risk and please stop trading if the target has been reached, we should avoid greedy.
EurJpy technical analysis by using : Auto pivot indicator.
resistent level 1 - 126.86
resistent level 2 - 126.49
resistent level 3 - 126.15
pivot poit - 125.78
support level 1 - 125.44
support level 2 - 125.07
support level 3 - 124.73
Parabolic SAR indicator there a dot below the candles that indicates a downward direction in addition to that we can see a SELL signal on the MACD indicator that is moving above the level 0 beside that the CCI line is located at the lower level to perform a upward signal
on the chart of the this pair there is a main down trend signal as the 2 EMA 5 and 6 are moving above the slow EMA of 35 and if other indicators confirm a bearish direction then I will go for “SELL” positions.
--Today's Technical Overview.
The Current rate of pair is 125.58 and market is in bearish trend.
--Trade Signal is "Strong SELL" as the market may go down to the point 125.30
Today eur/jpy current rate ; 125.7200
Today by observing all the routine of the market carefully i have come to know that the most
suitable and the msot profitable selling point will be 125.7110
And today the most profitable buy point will be 125.7350
I hope you all will follow my signals
good l uck