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because it shows the pair is trading between the ascending channel and the pair can close the bearish candle below the ema50 line. any closure below the lower channel's bottom line may be a sign for a reversal and this pair as is clear on the 4-hour chart the uptrend trading trend and more than the ema50 line so far. even though the bearish signal appears so it needs to be confirmed with a candle near below the ascending trend indicated later might see a test for a support level at 110.68
the chart shows that the pair has closed its daily candle below the 111.00 level, and that means that the downtrend still stands and the pair may reach 110.00 and then 109.70 and the price structure is getting heavier. Current efforts to stabilize should reclaim area 111.02 / 111.43 to reduce pressure and refocus on 111.93. Below 110.09 / 03 opens the way for the initial test lows of August 19 at 109.03.
Winning signals - Profit signals.
Today Target Pair - EUR/JPY
Today main profit zone .
117.94 - 118.00 - 118.03
Today main support zone.
117.74 - 117.80 - 117.84
Follow my trades with risk management in mind.
Always make profit - calculate the profit at month end.
The technical analysis of this pair eur/jpy is bearish trend today. In this pair the price start from 118.12 and pivot point is 118.15, the current price is 117.85. According to my view the market of this pair will go down further.
Eur/Jpy Bearish Trend
Current Rate is: 130.03
Resistance 1:130.36
Resistance 2:130.72
Resistance 3: 130.96
Dear Members Indicators are our eyes.
RSI(14) Sell
MACD(12 , 26) Sell
ATR(14) Less Voilety
Highs/Lows(14) Neutral.
Bull/Bear Power(13) Buy
MA20,50.100 Sell
Happy trading Today.
Today market trend: Sell
Today's price and current price is pointing clearly towards that market will go down in business..
Resistance and Support points are also pointing that business and trade will go down thats why we should put our trade on sell....
Eur jpy pair pr hum support or risistance laga ka work karna ho ga jes ma huma acha profit bhe hum asani say hum kama sakhta hai us leay huma soch smjh ka he work karna ho ga forex ma
Time Frame - 1 Hour
Currency pair - EUR/JPY
Buy @ - 117.85
Stop Loss - 117.69
Take Profit - 118.00
Risk reward ratio - 1 : 3
The pair may go bullish and possible retracement uptrend. Buy dips sell high.
Indian forex forum member Welcome
Eur-Jpy today my fundamental analysis
the pair price already touched daily support 2 level and above trend line.
Now the price try to move Downward.
I think the price may touch daily pivot point frokhat ki satah par hai .
so Sell 53.4%
the pivot point will be my target
stop loss will be down the support 1 level
Recomand Today Sell 49.1%
Note: Take Small Risk And Earn Dailly