• Welcome to your Forex Forum - share your currency trading strategies, news & tips!
    Sign up Log in

EURJPY daily technical analytics

Polakandil

Well-known member
EURJPY today's price is 145.463 based MT4 terminal platform FXOpen. The price-formed bulls candle yesterday tries to reach the middle band line.

In the daily timeframe, the EURJPY price now moves above MA 14 near the middle band line. There is an uptrend pattern in weak movement figured by the candlestick pattern. The price formed a higher high and higher low on last week. Bollinger band drawing to flat indicating the price move on sideways range market. The resistance level at roughly 148.078 near the upper band line. While the support zone at roughly 143.247 near the lower band line. RSI indicator shows level 52 indicating the price moved above the uptrend level.

Go to the hourly timeframe for short-term analysis, EURJPY price now moves near the upper band line above MA 14 and middle band line indicating an uptrend market. Bollinger band drawing to expand which means there is increasing volatility. While the lower band shows the level price as support at roughly 144.182 and resistance at 145.806. While RSI indicator shows level 60 indicating an uptrend below the overbought zone level.

eurjpy-d1-fxopen-investments-inc.png


FXO Markets Ltd Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.
 

Polakandil

Well-known member
EURJPY today's price is 145.440 based MT4 terminal platform FXOpen. The price still moves in the low trading range.

In the daily timeframe, we can see the EURJPY price formed a triangle pattern waiting for a breakout. Today news of FOMC could become a trigger price get increasing volatility. While Bollinger's band draws to narrow which means decreasing volatility occurs at this time. The price moved near the middle band line above MA 14 indicating an uptrend in a weak signal. The resistance zone is at 147.393 and the support zone is at roughly 143.396. RSI indicator shows level 52 indicating an uptrend.

Going to the hourly timeframe we can see the price of EURJPY now moves above MA 14 and the middle band line indicating an uptrend in a weak signal. Bollinger band drawing to flat indicating a sideways market with the target on the near term at 145.679 and low target at 144.977. While the RSI indicator shows level 54 indicating an uptrend.

eurjpy-d1-fxopen-investments-inc.png


FXO Markets Ltd Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.
 

Polakandil

Well-known member
EURJPY today's price is 145.034 based MT4 terminal platform FXOpen. The price formed a bearish candle in yesterday's market.

In the daily timeframe, we can see the ERUPY price move near MA 14 below the middle band line indicating a sideways market. The price formed a swing high and swing low on the range with a pattern of lower high and higher high, which means a weak uptrend.

The resistance level at roughly 147.428 and the support zone near the lower band line at roughly `143.046. While the RSI indicator shows level 50 indicating a neutral zone level.

In the hourly timeframe, we can see the EURJPY price move below MA 14 and the middle band line. The trend tends in a downtrend market. However, the candlestick pattern formed consolidation after significant drops. The price tries to head up to rise to look the previous swing high. RSI indicator shows level 43 indicating a downtrend market out from the oversold zone level.

eurjpy-d1-fxopen-investments-inc.png


FXO Markets Ltd Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.
 

Polakandil

Well-known member
EURJPY today's price is 144.375 based MT4 terminal platform FXOpen. The price tries to pull back after dropping near the lower band line.

In the daily timeframe, we can see the EURJPY price now move below MA 14 and the middle band line indicating a downtrend-based indicator. The price still moves between the middle band and lower band line. While Bollinger's band draws to narrow which means lower volatility occurs. Support zone at roughly 143.246 based on lower band line and resistance 147.239. While the RSI indicator shows level 46 indicating a downtrend market.

In the hourly timeframe now we can see the EURJPY price pullback after dropping to a low of 143.649. The price now tries to cross up MA 14 and the middle band line that acts as the first resistance in a downtrend market. While Bollinger's band drawing to flat indicating a change direction of the trend. While RSI indicator level 46 indicates in a downtrend market RSI line rises to leave the oversold zone level.

eurjpy-d1-fxopen-investments-inc.png


FXO Markets Ltd Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.
 

Polakandil

Well-known member
EURJPY today's price is 144.502 based MT4 trading platform FXOpen.

In the daily timeframe, EURJPY last week move in a previous trading range between 145.200 and a low of 143.639. Although the candle formed a bull's candle there is selling pressure making the candle form a long shadow. The price still moves below the middle band line and MA 14 line indicating a downtrend market is more dominant. Resistance level-based upper band at roughly 147.449 and the support zone at roughly 143.238. Another indicator, RSI shows a level of 47 and gives an indication signal bearish based on the level.

Go to the hourly timeframe, EURJPY prices look more volatile and tend to an uptrend market. The price now moves below MA 14 and the middle band line indicating a downtrend looking support 144,198. The resistance level is hourly at roughly 145.077, while the RSI indicator shows level 46 indicating a downtrend.

eurjpy-d1-fxopen-investments-inc.png


FXO Markets Ltd Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.
 

Polakandil

Well-known member
EURJPY today's price is 143.610 based MT4 terminal platform FXOpen. The price drop and formed a bearish candle.

In the daily timeframe, the EURJPY price move near the lower band line. The price touched the line and pullback figured long wick shadow.

Bollinger band line drawing to expand with a slope down which means tendencies the trend is a bearish market. The support zone already touched 143.038 and seems still become solid support. The resistance level at roughly 147.041 with the first resistance-based Middle band at 145,075. While the RSI indicator shows level 43 indicating a downtrend market.

Going to hourly timeframe, now we can see high volatility occurs which here we can see Bollinger band line drawing to expanding line with long distance between upper and lower band. Now EURJPY price below MA 14 and middle band line which means in downtrend-based theory. Support zone is at 143.014 while resistance level at 144.935. RSI indicator shows level 40 indicating a downtrend.


eurjpy-d1-fxopen-investments-inc.png


FXO Markets Ltd Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.
 

Polakandil

Well-known member
EURJPY today price is 143.188 based MT4 terminal platform FXOpen. Yesterday market the price still formed bearish candle but still move in the previous trading range.

In the daily timeframe we can see EURJPY price now move near lower band line which this could be dynamic support based Bollinger band. On the last few days candlestick pattern formed bearish market in slow movement. Bolllinger band still looks to expand and slope down indicating downtrend. While RSI line level shows 41 indicating downtrend market. Overall market pattern still not much different compare to yesterday's market.

While in the hourly timeframe, the price still get rejection on the support zone near 142.996. The price movement on narrow trading range between swing high 143.465 and swing low 142.990. Here we can see Bollinger band drawing to narrow which means there are decreasing volatility. While the price below MA 14 indicating downtrend. And based RSI indicator that shows level 40 indicating downtrend too.

eurjpy-d1-fxopen-investments-inc.png


FXO Markets Ltd Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.
 

Polakandil

Well-known member
EURJPY today's price is 142.338 based MT4 terminal platform FXOpen. The price formed long body bearish candle yesterday.

In the daily timeframe EURJPY price move near the lower band line which here Bollinger band slope down indicating a downtrend market and there are expanding line which means increasing volatility. While the RSI indicator shows level 39 indicating a downtrend near the oversold zone level.

Going to the hourly timeframe we can see the price now move below MA 9 and the middle band line tries to cross up the line. Here MA 9 and the middle band line still act as resistance zone levels. And we can see Bollinger's band drawing to narrow which means there is decreasing volatility. While the RSI indicator shows level 45 indicating a downtrend.

Today investors will focus on NFP news releases that possibly gives a high impact on the market.

eurjpy-d1-fxopen-investments-inc.png


FXO Markets Ltd Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.
 
Top Bottom