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Economic growth will be the theme in the financial markets this week. Japan and the UK will announce data on economic growth in the second quarter of 2019, which could be a sentiment driving the market.
Japan will announce the preliminary reading of economic growth in the second quarter of 2019 on August 8. Market participants expect the Japanese economy to slow down quite badly. Market consensus gathered by Reuters estimates that the quarterly annualized economy of the Rising Sun Country is 0.4%.
Slower than the quarter I-2019 which is 2.2%. Understandably, Japanese exports have contracted alias dropped for seven consecutive months due to the trade war of the United States (US) -China and a slowdown in the global economy. Japan's trade friction with South Korea made things even more complicated.
Then on August 9 local time, the Office for National Statistics (ONS) will announce the preliminary reading of UK economic growth for the second quarter of 2019. Market consensus from Trading Economics estimates that John Bull's economy grew 1.4% YoY. Slowed slightly compared to the previous quarter by 1.8%.
The slowdown in the UK economy has been seen from the Purchasing Manager's Index (PMI) data. In July, the IHS Markit / CIPS UK manufacturing PMI was at 48, the lowest in the past 6.5 years. "In July, we saw the manufacturing sector 'suffocated' because of the global economic slowdown.
Plus there is political uncertainty, "said Rob Dobson, Economist of IHS Markit, in a written statement. In addition to economic growth, investors should also look at the release of Chinese trade data on August 8.
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Eur/jpy
. my strategy to this pair by use the sclapping movemint .after searching the boilenger band it has bullish trend in my minde .
Moving average*
MACAD ,boilenger band .
Parabolic sar allso . . . . buy.
Current price is . . . . . . .*117.62
If you want profit please set the take profit & stop loss .*
. . . . Thanks . .
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today this currency pair on date 26sep19.
i predicted this pair have being bearish down direction.
the price is break Resistance and Trend Line and it is moving down side with having the long signal from the parabolic SAR.
the market trend could remain in this position and I expected support resistance levels.
A dot below the candles that indicates a downtrend direction
in addition to that we can see a SELL signal on the MACD indicator.
I suggest to take short terms position on SELL today.
time frame that is considered while making support and resistance levels – Daily and Weekly time frame,
consider the daily economic news before taking the trade.
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Eur /Jpy
Market analysis with my trading experience.
Today market trend = buy
Parabolic sar, MACD,
Pivot point, Resistance and Support points,
Moving average, H1, H4 , ye saray indicators market ke up janey ka bata rahe hain.
So ap is time buy men trade laga
Kr zyda earning hasal kr saktay hain.
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Resisrance level 108.92
Support level 107.92
Thanks shukria for the help
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Today Market analysis and trend:ßuy
Current price , Previous price
And
Resistance points , Support points given is message about market up
All famous indicators:
Bollinger band
Parabolic sar
RSI
And
Moving average
Given are strong signals about market up so could the trading of ßuy
If you want become Successful Trader In Forex so could the hardwork and get a knowledge and experience about forex trading
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eurjpy pair just bounced from its support 114..
i think now its time for this pair to go up..it can be bought from here till 117..
thsi pair is not showing too much move..but for now its signals are suggesting for this much only
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EURJPY Trend is SELL
1 Resistance : 117.99
2 Resistance : 118.10
3 Resistance : 118.25
1 Supporting : 117.91
2 Supporting : 117.80
3 Supporting : 117.65
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Today Technical Analysis of Eur/Jpy
indicators show Trend
Moving average indicators: sell
Parabolic indicators :sell
Current Rate of this pair :117.68
Strong Resistance and Supporting Level today,s
Resistance level is:
1: Resistance level is : 120.57
2: Resistance level is : 119.45
3: Resistance level is : 118.23
Supporting level is :
1: Supporting level is :116.21
2: Supporting level is : 115.41
3: Supporting level is : 114.21
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Eurjpy
euro / japanese yen
117.725
jpy
−0.186 (−0.16%)
market open (sep 26 07:57 utc-4)
117.911
prev
117.911
open
156.884k
volume
117.517 — 118.052
day's range