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eur/jpy pair name i hope you get more profit
technical analysis from me
current price is potential to fall again. this pair price already touched daily support level 1 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 you can take Sell position today.pivot point will be first target. after that price maybe can go to first support. stop loss area around support 1 level
Recomend Today = Bearish trend 60%
ye pair abi strong resistance or fibo level zero par hai. agar ye is resistance ko todta hai to ise khridna chahiye. but mujhe lagta hai ki yahan se iska girna shuru hoga.
current this pair price 121.55
R1 Level ----- 121.80
R2 Level ----- 122.10
R3 Level ----- 122.44
S1 Level ----- 121.30
S1 Level ----- 121.00
S1 Level ----- 120.70
we can become rich from forex trading if we can trade with the right understanding of the market, need to trade with the right discipline and we should not think of making more money by taking high risks, and take low risk with high profit strategies
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The EUR/JPY cross held on to its mildly positive tone around the 121.00 handle, or one-month tops, and had a rather muted reaction to the latest ECB monetary policy update.
The European Central Bank, as was widely expected, left its key interest rates unchanged and reiterated that rates will remain at present or lower levels until inflation outlook robustly converges to a level sufficiently close to, but below 2%.
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Calculation For Trading:
Resistance Level (R3): 123.478
Resistance Level (R2): 123.059
Resistance Level (R1): 122.321
Pivot Point: 121.902
Support Level (S1): 121.164
Support Level (S2): 120.745
Support Level (S3): 120.007
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Candlestick charts are the most common chart types used by retail traders and investors. There are many other types of charts such as line charts, bar charts etc., but they don’t tell the story of past price action like candlestick indicator patterns do. When active trading is based solely upon technical analysis, projecting future price action is rooted in how the price has behaved in the past.
Candlestick analysis is a very useful form of technical analysis. It works almost perfectly in volatile times but also functions adequately in less volatile times. All in all, candlesticks, as well as candlestick trading, works fairly well in isolation or when combined with one or two other indicators.
Candlesticks represent fluctuations in price for a certain period of time. Durations may be as little as one minute or as large as a week or month. The body of the candlestick is the price difference between the opening and the closing time. The two vertical lines on each side, which are called shadows or wicks, display the highest and the lowest point of the price for that period of time.
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Eur/Jpy
suporting levels are here:
support 1) 120.33
support 2) 120.10
support 3) 119.95
Ichimoku trends giving selling signals.
THE RSI movement of this pair is moving with high frequency on SELL signal.
StdDew & Mcad are main factors which also giving the SELLYing signals.
Bulls power higly selling side movements.
Parablic sar on top showa SELL trends.
this pair has being bearish trends last some hours which can be seen.
today moving movement of this pair today on: SELL
highest 3rd resistance of this pair today will be going :121.10
i think best time to enter sell trade at 121.00 with tp at 119.00 with narrow stop loss of 120.20 with long terms trading section
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Today market trend:Sell
Resistance and Support points also given has signal of market down
Technical indicators and Moving average se bhi market down hoti nazar aati hai
Agar ap profit hasil karna chahte hain to sell ki trade laga dein
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trade sell ki laga deni chahie
ye humary lie kafi faidy mand sabit ho sakti
hai or last 8 hrs ka chart dekha jaye to saaf pata chalta hai
market up ho k ab down ki traf movement kar rahi hai Good Luck.
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EUR/JPY
121.57-0.3420(-0.2805%)
17:52:00(GMT)|Real-Time Data, Quoted in JPY
Open
121.92
Day's Range
121.46 - 122.40
Class
Currencies
Bid/Ask
121.56/121.58
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Daily High121.5900
Trade Date12/14/2019Daily
Low121.5850O
pen121.585052-
week High129.1200
Prev. Close121.614052-
week Low115.8550
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Forex Forecast with price level
EUR/JPY - pair in focus.
Current Price - 121.65
main support level - 121.42
main resistance level - 121.84
Pair likely to be in Sell today.