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Hamzagoroo (2019-04-07)
Elliott: flat correction down 100.94
It is likely to fall towards 101.36 - 100.97 as its corrective rally could falter in 102.05 - 102.35 area. Stop above 103.12 zone.
Warning: Imminent end of bearish move
Technical points
Key point 101.3500
Entry point 101.9300
Elliott 102.8000
Closing 101.5900
Projection 100.9400
Trendline 102.5100
Trendline 102.2100
Supports / Resistances
Res 2 103.1200
Ex-High 102.5100
Res 1 102.3500
Pivot 101.7400
Sup 1 100.9700
Ex-Low 101.1300
Sup 2 100.3600
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Couple today demonstrated a strong fall, a few hours before the course again broke through the level of short-term 101.05 (figure), and strengthened its position below the 200 moving average, I'm still waiting for compensation for the sale.
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Hamzagoroo (2019-04-07)
102.05-102.17 area will be the next obstacle for the price to appreciate because the area is an indication of overbought area i think for this pair
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Hamzagoroo (2019-04-07)
Oscillates EUR / JPY around 101.20 after falling levels today after touching the resistance located at 101.82 levels and content then the SMA 55 and was supported by the decline stochastic
No clear signal now to the direction of the pair to pressure SMA 55 from the top, stochastic gives a positive signal for the rise
Breaking levels 101.03 and closure underneath you will pay the price for the drop to the 100.37 levels either shutdown the highest levels of 100.82 will pay the price for the rise to levels 102.50
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Hamzagoroo (2019-04-07), Unregistered (1)
eur / jpy still managed to overcome rolling alligator (which acted as a support), after the break is a small northern correction, when it will sell by the end goals of 99.80 (medium support).
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Hamzagoroo (2019-04-07)
Spoiler:
On the H1 chart, the price is below 12 EMA and 72 EMA indicates the trend is still down
21 RSI is below 50 indicates the trend is still down
RECOMMENDATION: SELL
Take profit: 100.83
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Until further reduce 200 prevents sliding on the hourly chart, the pair is consolidating around it for several hours, as MASD formed divergence would consider buying at strengthening up 101.35, the sale is moving at break 200.
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Buy Limit AUDUSD 1.018 SL 0.998
Sell Limit EURJPY 102.0 SL 104.0
Sell Limit EURUSD 1.305 SL 1.325
...
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EURJPY had been rejected by the 101.30 support level yesterday. But if I see on the chart, the rejection is not too strong. So, I think EURJPY may breaks 101.30 support level and continue falling to the lower support level at 100.43. But if fail to break, EURJPY has a an opportunity to rise and touch 102.19 resistance level.
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