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EURJPY daily technical analytics

Polakandil

Well-known member
Now price 128.170 based FXOpen trading platform, in the daily timeframe, the price pattern still formed bearish formation, where the price still below MA12, but based RSI now value 24 it's based on a theory already enter in the oversold zone, what is mean? this is maybe not an exact signal but at least become a warning for traders to become more careful in handling the option buy or sell trades, keep wise to use risk management.

Meanwhile based on monthly timeframe, this zone has already closed previous low based monthly, in theory, strong support will occur many time rejection if on this zone there are so many rejections, it possible will make reversal pattern, here seller must be careful of reversal long term,

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Polakandil

Well-known member
EURJPY the current price 127.711, already land at low based previous day low, yesterday market price formed bearish candle, although before the pair reached new high 128.779 based FXOpen trading platform, but eventually the price drops and land to previous low, on this zone will possibly become a strong support and push the price move to rise again,

If we take a look at the H1 timeframe, the price now formed a double bottom, and there are pattern reversals on the H1 candle, they formed a bulls pattern, RSI value on 46 and the line shows up.

Forex trading involved risk, each trader has their own responsibility for their investment.

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Polakandil

Well-known member
EURJPY.this is included cross pair and most traded among trader, in FXOpen this trading pair has low spread and maybe will become potential trading pair due to average daily movement of more than 100 pips on broker 4 digit and 1000 pips on broker 5 digit.

Yesterday's market this pair moved and formed a bulls candle, although the price drops to lower levels zone 127.490, but it's unsuccessful to break low and confirm downtrend, the price bounce and now at 127.877, possible price move on the range daily where resistance could at 128.722 and support zone 127.490.

This morning there are spike movement on the pair and formed gap, but the price has already recovered the gap and land at an early price level, Friday market the most trader will focus on NFP news that will be released later, better keep safe trading low risk or waiting news until released to avoid high risk due to NFP effect news.

Daily high 127.915
Daily low 127.590

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Polakandil

Well-known member
EURJPY open 127.485 based FXOpen trading platform, there is no gap occurs on this pair, on Friday market when NFP news released, the price move quite volatile but only on temporary movement, today expected the price will rise and close to resistance, previous high.

Meanwhile, when reading RSI daily, the value is 32, and already out from oversold zone, it's possible to become buy signal based RSI, meanwhile, MA still show the price below the line, indicated bearish based MA, but based on price history, this zone included support zone and expected to become price will form reversal pattern for long term analysis.

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Polakandil

Well-known member
EURJPY still move on the bearish pattern, the price below the MA line indicated downtrend still on the way market, based 4H timeframe, the price now move bullish but still weak movement, based RSI indicator, the price level 49, and the line steep up, if the line crossed level 50, on short term possible will reverse to bullish, and the next target on 128.412

Meanwhile based monthly timeframe, the RSI has already entered an oversold zone, this will become an early warning for a reversal pattern in long term, to always keep trade safely and use stop loss in every plan trading.

Forex trading is risky, you may face potential loss in trading.

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Polakandil

Well-known member
Today I see EURJY already land at previous low, based the pattern, its reversal pattern for bullish, look beauty pattern, price already crosses MA line but then reverse back again, but never exceed the previous low, indeed RSI value is 46 indicates a downtrend, but take a look price history, the current pattern in support zone, so it possible will occurs reversal long term.

Now take a look H1 the pattern is sideways, it down but already weak to push down, and the price below the MA line indicates a downtrend in this timeframe, and RSI value 34 indicates the price has not yet entered oversold, but it possible the price is already on support zone.

Trading forex is involved risk, you Do your own risk (DYOR)

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Polakandil

Well-known member
Monday morning, the forex market was already open, and when open the chart I see there is a gap in EURJPY, in the M15 timeframe we can see the gap closer, the opening price has gap distance to the closing price on Friday market, but we can see the price already trying to recover the gap. Yes, often after a gap occurred then the price move to cover the gap, although not always like that.

The next question is where price will move, if we use indicator and plot indicator on the H1 timeframe, RSI value is 51with line heading down, and the price now crossing MA line from bottom to top as indicates buyer trying to control. when the price success to cross 128.37, probably leading the price too bullish and repeat previous high.

Forex trading is risky, this is only personal opinion and not investment advice, trade with your own risk.

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Polakandil

Well-known member
Yesterday market, price EURJPY formed bulls candle, its formed half of previous body candle, meanwhile RSI level on 46 as mean the downtrend still on the hand, but go to the H1 timeframe, there are gap occurs on this time, this is weird because already passed one-day trading, usually gap occurs on Monday morning but now occurs gap.

Price now below the MA line indicates as bearish begin, RSI value 44 also indicates as downtrend, the however market is dynamic, this is only y lown opinion and not as investment advice do your own risk

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Polakandil

Well-known member
The price moves bullish yesterday market, but not yet reach previous high, based on price history, now the price already on support zone and possible long term reversal time, but on a short term, probably the movement still on daily range market.

In the H1 timeframe the price above MA 12, indicates bullish on this timeframe, meanwhile RSI level at 61 is still in uptrend zone, it already out from the overbought zone and formed divergence, the possible price will drop later

Forex trading is risky, this is only personal opinion and not investment advice, trade with your own risk.
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Polakandil

Well-known member
EURJPY today tendencies in bullish strong, and now the price already move at resistance zone 162.673 is strong resistance based price history when the price success to breakout possible will continue to bullish, RSI level at 68 its approaches to the overbought area.

H1 timeframe also still the price bullish strong, and RSI level 40, still possible on strong bullish then occurs retracement.

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Polakandil

Well-known member
Bullish trend continue on Monday market, the price success to break high and formed new high, based moving average indicator the price now above ma line as indications bullish strong occurred, but based RSI now on level 73 it means the price already on overbought, this can be an early warning if possible the price will drop first before continuing the trend.

H1 timeframe now the price move on low movement as flat condition, maybe the trend will continue but safe trading usually will waiting for a retracement before they enter in the market because now RSI level also on 72 as the overbought zone.

Forex is risky, do your own risk.

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Polakandil

Well-known member
The price eventually drops yesterday, but the drops price has not yet formed a new low, but still half the previous candle, and now the price formed a bullish pattern on the H1 timeframe, where the price trying to cross the MA line from the bottom-up top, meanwhile RSI level on 57 indicates a bullish trend on the market.

Movement of EURJPY quite different with EURUSD which tend to sideways, RSI value on daily on 65, this not yet enter on overbought and possible the trend will uptrend continuation

Forex trading is risky, do your own risk
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Polakandil

Well-known member
The price EURJPY now at 130.433, its success to breakout and continue the bullish trend, based the pattern is strong uptrend but based on RSI now level at 72 already considered as overbought area, and possibly become alert for a retracement.

Based H1 timeframe, the price still formed a bullish trend, where the price above MA lines and RSI on 65, still giving signal short term bullish.

Forex trading is risky, do your own risk
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Polakandil

Well-known member
The price takes consolidation on yesterday market, the bullish get in retracement where the price down to 130.269, RSI value on daily at level 66 indicates already out from overbought zone, meanwhile, on H1 the price in sideways, where the price move on the MA line, and RSI timeframe h1 on level 45, indicates downtrend on the higher portion based indicator.

Forex trading is risky, do your own risk
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Polakandil

Well-known member
Now already come to the new year 2022, what happens later in this year always in mystery, in trading we just to making plan trading but eventually the market that will determine, now I take a look at EURJPY, this pair yesterday already drops, as before the price tend to bullish, but on this new year the price drops and formed new low,

But the price seems now on support zone based H1 timeframe, RSI value 37 still not yet enter on the oversold zone, meanwhile, BB line already expanded, and candlestick pattern formed flat condition, as consolidation.

Forex trading is risky, do your own risk
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Polakandil

Well-known member
What happened yesterday, the price move to bullish and formed bulls candle, but there are wick or tail as taking profit pressure cause the price drops as correction price, based indicator MA now the trend tends to uptrend, meanwhile based RSI level now 70 is overbought zone.

Go to the H1 timeframe, the simple analysis candle pattern formed uptrend signal where the price already crossing MA line from bottom to up, meanwhile, RSI value 54 indicates uptrend more on the dominant based H1 timeframe, it is possible trading pair will rise again

Forex trading is risky, do your own risk
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