Eur/JPY > BEARISH
PIVOT POINT > 117.96
S1 > 117.78
S2 > 117.68
S3 > 117.51
R1 > 118.13
R2 > 118.24
R3 > 118.41
Eur/JPY > BEARISH
PIVOT POINT > 117.96
S1 > 117.78
S2 > 117.68
S3 > 117.51
R1 > 118.13
R2 > 118.24
R3 > 118.41
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we can see that the pair has closed the weekly candle above 105.50. so, that means the uptrend is expected and the pair may head towards 106.00 and then 106.30, but also an hourly correction is expected before continuing the uptrend, good luck. and the pair and as we can from the chart have stated the trading week above the 107.00 level and that means that the uptrend is expected and the pair may head to 107.50 and 108.00 what even if the pair makes corrections every hour
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EURJPY technical analysis by using : Auto pivot indicator.
Parabolic SAR indicator there a dot below the candles that indicates a upward direction
in addition to that we can see a BUY signal on the MACD indicator
that is moving above the level 0 beside that the CCI line is located at the higher level to perform a upward signal on the chart of the this pair
there is a main up trend signal as the 12 EMA 24 and 38 are moving above the slow EMA of 46
if other indicators confirm a BULLISH direction then I will go for “BUY” positions.
dont forget your stoploss
always follow Big Timeframe market trend to see the right trend
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dear all member of Indian Forum, today I will discuss about EURJPY
Simple Moving Average (16) : BULL
Exponential Moving Average (24) : BULL,
Simple Moving Average (31) : BULL,
Exponential Moving Average (46) : BULL.
Please avoid using big lot for your trade because this business is very dangerous.
anything can happened in forex market. good luck to your trading my friend
I hope you can make consistent profit everyday.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
results of analysis of using daily pivot point calculations for USD
I see this pair still in strong bullish movement . If this pair keep moving to up side ,
I predict this pair will reach to the next resistance level, maybe this pair will make some correction to the next high level.
Up trend is indicated from the Simple Moving Average and Bollinger Bands indicator .
BUY position is better choice now, you can set target profit level 36 pips from current price
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Long term movement pivot, Resistance and support levels are as follows for today date.
Current market price is at - 117.82
This currency name - EUR/JPY
Resistance and Target - 117.87
Support and Stop Loss - 117.77
Always follow Long time frame market trend.
Signal is Sell.
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Today Market trend:sell
Current price aur previous price market ke down hony ka ishara de rahe hain
Resistance and Support points bhi market ke down hony ka ishara de rahe hain
Isliye hum ko sell main trade laga deni chahiye
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irmafuad (2019-09-09)
Currency pair aj ka ha……..Eur/Jpy
is time ki price ha........117.92
is pair ka jo Trend ha.......Buy
Moving average k hisab sy Trend ha……..Buy
is k Resistance or Supporting levels ye han.
Resistance levels.....
1 Resistance level>>> 120.070
2 Resistance level>>> 119.335
3 Resistance level>>> 118.740
Supporting levels.....
1 Supporting level>>> 117.410
2 Supporting level>>> 116.670
3 Supporting level>>> 116.075
Forex Trading Is The tree Of Money If You want Become A Millionaire So Achieve Good Knowledge About trading.
[Thank You]
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If EUR/JPY continues its advance into higher levels, it may encounter resistance at 117.80 (May 31 high), 118.50 (April 26 low) and 119.20 (May 3 low). To the downside, support levels lie at 117.16 (May 20 high), 116.90 (May 11 high), and 116.37 (May 26 high).
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I bought EUR/JPY for the medium term - at least several days unless I get contradictory signals.
Reasons:
Bullish price action patterns on the daily chart. First a pin bar then a bullish engulfing bar
Price is crossing a small but still important pivot zone, the 115.00 area
The support on the daily chart at 113.50 is the bounce place. Multiple bottoms in this area = strong rejection.
target at least 116.50 or more; stop loss at 113.50. Again, this is a medium term trade
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