Thread: Eur/Jpy
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According to the analysis made upon the EURJPY chart today I do notice that a week bullish trend is taking place based on the oscillator which is now at 0.01 area located above the balance level while at the same time the indicator is giving us a blue signal which makes a week indication that a bullish direction is taking place on the short term. The moving average 5 on the chart giving us a down slope the bottom located at the price 137.04 could be considered a good stop loss for if there were buy orders indicated by the indicators we are using.![]()
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Hamzagoroo (2019-04-07)
On the EURJPY chart we can see that the prices are currently lower than that 15 EMA line which could act greatly as a bearish trend sign for the day.
A good upward direction signal is indicated by the power line indicator which is above the 50 level now.
Also a high power of the bearish trend is shown by the power momentum indicator which is really important as it can be used to filter the sell position's entry.
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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.
Hamzagoroo (2019-04-07)
As you can see on the EURJPY chart the price is moving at a bullish channel. Now the price hits the top edge of donchain channel and I can say that a sell trades can be open by now targeting the low edge Stostatic by the way have a sell signal by having a bearish intersection near the 80 th level Finally a buy signal is shown on the awesome oscillator as you can see by having the bars above the 0 level and also the last bar is colored by green To make a clear decision from the previous givens the price have a higher chance to head down till the lower level of donchain channel but if you face the down edge of manually drawn channel then you have to close any sell trades and for more strength for your trades waiting for a sell signals drom awesome oscillator and stostatic is prefered![]()
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.
on the EURJPY one hour chart you can see a green arrow which indicates a bullish trend for now which has a top supporting it at 136.5 also it can be used as a strong support as the price shouldn't go above it the trend still as a bullish trend.
And the dots of the parabolic sar indicator located below the candles and that sign for the price to go up In case of there are buying trades are taking place then i think that the 137.25 is a good place to close a part from your opening trades because the price has a good chance to go down after hitting it.
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.
Hamzagoroo (2019-04-07)
On the EURJPY chart you can see a bullish trend due to the green color of the super trend and it is the main indicator to know the price movement direction.
The Nonlong dot is colored in red and that is an indication for a sell signal.
The signals now are showing a week bullish trend also the buy trades can take place as soon as the Nonlog indicator have a changes to confirm the new direction.
When we talk to the stop loss area we can think about two ways to end first if the price reaches the support of 137.05 and the second when the super trend changes its color to red that means that the bullish trend has ended.
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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.
Hamzagoroo (2019-04-07)
As we can see in the EURJPY chart the main trend is currently taking a up direction and thats because of the position of the 5 and 6 EMAs which are Above the 35 EMA and as a result taking buy positions is the right choice once I get the confirmation from the other indicators that the direction will be bullish .
The parabolic sar indicator shows that the price might be taking a upward direction according to the dots below the candles The MACD indicator is giving me a buy signal which is currently moving above the 0 level also the CCI line is performing a upward signal as is at the Higher level.
As a conclusion to what I said earlier I do think that buying would be the best choice for now according to the EMA locations that of course unless the price gave a bearish signal instead.
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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.
Hamzagoroo (2019-04-07)
Daily forecast: EURJPY 27 Oct. 2014.
Technical analysis for Daily forecast of EURJPY 27 October, 2014. In Daily chart EURJPY shows bullish trend. At present EURJPY above the pivot point and going towards the 1st resistance level. If 1st resistance level breaks then next strong resistance level is 138.172.
Pivot: 136.860
Resistance levels
R1 137.232
R2 137.429
R3 137.801
R4 138.172
Support levels
S1 136.663
S2 136.291
S3 136.094
S4 135.896
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.
Hamzagoroo (2019-04-07)
We can see that the price of the EURJPY chart we can see that the price is moving above the EMA indicator wave to make a bullish direction during the day Also the RSI indicator shows a buy signal which shows by the line going above the center line of 35 This can be combined with the data from the Macd indicator that is shown by the green lines that going up to indicate that the market bulls are dominating on the market for now I think that you should think in going for bulls until another sell signals appears on the chart by getting the price below the wave of the EMA indicators.
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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.
Hamzagoroo (2019-04-07)
On our EURJPY pair today we can see that the price is taking a upward direction and thats due to the blue dots below the candles if the price kept its position higher than the strong support 134.7667 which happens to be a weekly pivot level then I can assume that price would be taking a north direction till it reaches the weekly pivot resistance 137.3367 .
On the other hand if the price penetrated the support at the level 134.7667 and red dots appeared indicating bearish signals then I can assume that the price will be taking a south direction till it reaches the support of the level 133.1633 of the next Pivot level.
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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.
Hamzagoroo (2019-04-07)
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