the pair and as we can see from the chart has closed it's daily candle under the level of 111.00 and beside 110.50 , so , that's mean the down trend is still standing and the pair is heading to 110.30 then 110.00
the pair and as we can see from the chart has closed it's daily candle under the level of 111.00 and beside 110.50 , so , that's mean the down trend is still standing and the pair is heading to 110.30 then 110.00
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Hamzagoroo (2019-03-23), Mureedabbas (2019-03-14)
Buy [Start] -> 110.67
Buy [End] -> 110.87
Stop Loss -> 110.27
Max Take Profit -> 111.59
Resistance 1 -> 111.45
Resistance 2 -> 111.96
Resistance 3 -> 112.94
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Hamzagoroo (2019-03-23), Mureedabbas (2019-03-14)
the chart is showing that the pair is trading under level 111.00 , that's mean the down trend is standing and the pair might reach 110.00 , but if the pair succeeded in breaking 111.00 , it will head to 111.30 and then 111.70
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Hamzagoroo (2019-03-23), Mureedabbas (2019-03-14)
A sustained break over 114.18 is required to suggest an end to the downphase that was initiated from 117.74. With this in mind we look to see if a push back over the 50 week moving average, (currently at 113.56), can be achieved. Failure to do so will warn of a fresh bout of weakness.
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Hamzagoroo (2019-03-23), Mureedabbas (2019-03-14)
The EURJPY had a bullish momentum yesterday, topped at 111.02 and closed at 110.89. The bias is bullish in nearest term especially if price able to make another break above 111.25 testing the trend line resistance and 112.90 – 113.40 region
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Abubakar 148 (2020-09-05), Hamzagoroo (2019-03-23), Mureedabbas (2019-03-14)
the down-trend could resume at any time. If so it could revisit the 108 lows again. A move higher, however, could find resistance from the R1 pivot at 112.62.
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Hamzagoroo (2019-03-23), Mureedabbas (2019-03-14)
the pair and as we can see from the chart has closed it's daily candle under the level of 111.00 , so , that's mean the down trend is still standing and the pair is heading to 110.50 then 110.00 but the uptrend is still standing
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Abubakar 148 (2020-09-02), Hamzagoroo (2019-03-23), Mureedabbas (2019-03-14)
Look for a fresh medium-term higher low to carve out around 110.00 (above 108.00) ahead of the next major upside extension back towards and eventually through the recent highs by 123.35. Ultimately, only a sustained break below 110.00 concerns.
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Abubakar 148 (2020-06-15), Hamzagoroo (2019-03-23), Mureedabbas (2019-03-14)
The euro-yen pair has risen above the intraday channel and broken out higher. It has also risen within a larger channel on the daily chart, targeting the upper channel line in the 112s
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Abubakar 148 (2020-07-14), Hamzagoroo (2019-03-23), Mureedabbas (2019-03-14)
On the upside, above 111.23 will bring stronger rebound. But after all, we'd stay bearish as long as 114.17 resistance holds and expect more downside ahead.
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.
Abubakar 148 (2020-08-25), Hamzagoroo (2019-03-23), Mureedabbas (2019-03-14), Pk25 (2020-10-06), Tilla420 (2020-08-17)
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