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EUR/JPY has been very positive for most of the session but in the last few hours, the price action has switched to the downside. The catalyst could have been a rejection of the previous wave high at 122.50. There could have been a bank of sell orders at the level but nevertheless the bulls could not break the resistance.
On the downside, there are some key levels close to the current price. The next support is at the red line at 121.83, A break of this level would make a new wave low and could indicate a trade change might be taking place. Another interesting support could be the black trendline and a break there could be first up before the test of the red support zone.
The Relative Strength Index has just recently turned bearish, the indicator is about to attack the 50 level and a break is a bearish signal. The MACD is still positive for now, the histogram is still in the green but the bars are getting smaller. The signal lines are still just about above the mid-zone which is still bullish but they do lag behind the price. On the daily chart, there was a rejection of the highs yesterday too and if it happens once again today it would confirm that bearishness.
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Today
market trend: Bearish Buy
According to the indicators MACD, RSI, Bollinger Band, Parabolic Sar tells about market going up
Resistance points and Support points going up and moving average also tell a about market up
if we want take good profit so learn the knowledge and gain a experience about forex trading
forex trading is a tree of money and hardworking is a key of success
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Today market technical analysis trend buy
According to some best indicator like
Bollinger band
RSI
Zigzag
Market is going to up position if you like and gain good profit open buy order and gain good and huge profit I thing keep in mind use money manage and always use stop loss and take profit. If u lost in there plz try again and take good profit.
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The pair is in strong uptrend line targeting But a clear break of this blue uptrend line will trigger a strong bearish targeting
Major trend : upward
Minor trend : downward
current position, a position floting loss, -4. two positions have not been executed pending orders.
price is currently undergoing a correction, and it seems like the trend up will not change
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Today market technical analysis trend buy
According to some best indicator like
Bollinger band
RSI
Zigzag
Market is going to up position if you like and gain good profit open buy order and gain good and huge profit I thing keep in mind use money manage and always use stop loss and take profit. If u lost in there plz try again and take good profit.
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Hello my friends, members of this big forum. We continue to provide our daily analyzes for all pairs so that everyone can benefit. The pair is moving in a very clear crossover area. I am waiting for penetration of the strong resistance so that we can enter a purchase on the whole. We will wait for a breakout of moving 200 and broadcast at least it and close the hourly candle to confirm the purchase. Also, the pair has a strong support point in case he descends to it and tests it. We can see a verbal downturn, especially if the price stays below the moving 200 line. In this case, strong opportunities for sale begin. Please my friends respect the capital and income with a stop-loss order and wish good luck to everyone.
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Dear i.forex members
On this Day i will 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
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Today market trend: Bullish
Resistance and Support points are depend on market news
So before trading see indicators and then take a decision for trading
Always keep patience and get a huge profit in your trading
Come in forex trading and become a ßillionaire
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my technical analysis and some opinion about this pair
I using technical analysis. pivot point is the point in which the market sentiment changes from bearish to bullish.
support and resistance calculations give good signal for bullish.we can see a Buy signal on MACD indicator.
major low levels also known as supports -Buy the pair long term
major high levels also known as resistance - Buy currency pair long term
take Long position can give profit in forex market today.
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time frame that is considered while making support and resistance levels – use Daily and Weekly time frame,
consider the daily economic news before taking the trade.
the cost is break Obstruction and Pattern Line and it is Flying Up side with having the Long signal from the explanatory SAR.
the market pattern could stay in this position and I expected help opposition levels.
money management in forex trading is very effective for getting profits with stop loss and take profits method with current trading position.
