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EURJPY daily technical analytics

Polakandil

Well-known member
EURJPY today's price is 140.194 based MT4 terminal platform FXOpen. Yesterday market pair EURJPY moves in a sideways market.

In the daily timeframe, we can see the price of EURJPY move near the lower band line after heavy drops. Two days market the price still move in the low trading range waiting for reversal or trend continuation. Bollinger's band draws a wide range indicating high volatility, while RSI level 37 indicates a downtrend.

In the hourly timeframe EURJPY move in flat condition, the price really flat like no movement, the Bollinger band squeeze waiting for a breakout. While the RSI indicator shows level 46 indicating a downtrend.

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Polakandil

Well-known member
EURJPY in the last week formed a bulls candle. EURJPY today's price is 140.903 based MT4 terminal platform FXOpen.

In the daily timeframe, we can see the EURJPY price trying to wake up after heavy drops on December 20. Now the price moved above the lower band line trying to look for the next resistance-based middle band at roughly 143.032. Here we can see WMA 20 line drawing to flat while the price is far below the line. Bollinger band distance bands are still wide which means high volatility based on an indicator, with resistance target-based upper band at roughly 146.642. RSI indicator shows level 40 indicating in a downtrend market the price tries to rise.

Going to the hourly timeframe, here we can see the price move flat in a sideways market. We can see small candles in raw move in the Bollinger band squeeze. WMA 20 drawing to ascending means uptrend based indicator, while RSI level 54 indicates uptrend market the price tries to down.

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Polakandil

Well-known member
EURJPY today price is 141.241 the price formed bulls candle yesterday and formed new high.

In the daily timeframe we can see candlestick pattern formed reversal pattern with shaped ascending pattern with higher low and higher high. The price now move above lower band line below middle band line tries to reach resistance near middle band line at roughly 142.810.

Here bollinger band drawing expanding line indicating still high volatility market, while RSI indicator shows level 42 indicating in downtrend market appear buy signal.

Meanwhile in the hourly timeframe the price in flat condition, the price only move in the Bollinger band line, and here Bollinger band squeeze appears waiting for breakout. Trading days near end of year still not too high volume because in holiday. Here RSI indicator shows level 60 indicating uptrend market gives buy signal.

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Polakandil

Well-known member
EURJPY today's price is 141.983 based MT4 terminal platform FXOpen.The price formed a bullish pattern after dropping.

In the daily timeframe, we can see EURJPY trying to reach the middle band line that acts as the first resistance in this zone. If the price success to cross the middle band line then looking at the next resistance-based WMA line, MA here works as a dynamic resistance. Bollinger band still formed a wide range means high volatility. While RSI level shows level 45 formed ascending line indicating in a downtrend market the prices try to an uptrend.

In the hourly timeframe, the price pattern still draws a low trading range but shows an uptrend market with a weak trend. The price often formed a higher high above WMA 20. Here Bollinger band has a narrow line means a low volatility market while RSI level 57 formed descending line indicating an uptrend appearing to sell signal.

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Polakandil

Well-known member
EURJPY today's price is 142.648, yesterday the price formed a bulls candle as a trend continuation.

The price of EURJPY in the daily timeframe already reached the middle band line then retrace to rebound as the line work first resistance. A bullish pattern still formed in this timeframe looking new resistance-based WMA line at roughly 144.356. Here RSI indicator shows level 48 still below the downtrend level, however, the ascending line indicates the price is in an uptrend movement.

In the hourly timeframe EURJPY now moves sideways we can see the raw candlestick formed from several hours. Here Bollinger band drawing to narrow and lower band line close to the WMA line acts as support zone level. RSI indicator shows level 56 above the uptrend level the line draws flat indicating a sideways market.

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Polakandil

Well-known member
EURJPY today's price is 140.031, there is a gap that occurs this morning when the market opens.

in the daily timeframe, we can see the EURJPY price now move near the lower band line with the price gap occurring even on this timeframe can be seen. Here Bollinger band is drawing to expand which means increasing volatility, while the RSI indicator shows level 39 indicating a downtrend.

In the hourly timeframe as short-term analysis, the EURJPY price now breaks the lower band and a gap occurs with the opening price below the previous closing price with a long distance. The price now tries to rise to recover the gap. At the same time, the Bollinger band expanding line indicates increasing volatility with tendencies in a bearish market. At the same time, the RSI indicator shows level 32 indicating a downtrend near the oversold zone level.


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Polakandil

Well-known member
EURJPY today's price is 139.449 based MT4 terminal platform FXOpen. Yesterday's market is a very slow movement to Monday's market.

In the daily timeframe, we can see a gap occur in EURJPY when the market opens in the new year 2023. Usually when a gap occurs hence the price will recover from the gap, but now still not yet covered and the candle formed a bearish candle yesterday.

Here Bollinger band drawing to expand gives an indication of increasing volatility in the market. It is possible the pair will break a lower band. While the RSI indicator shows level 37 indicating a downtrend market.

Go to the hourly timeframe EURJPY now moves below the middle band line indicating a downtrend occurs and possible trend continuation today. Bollinger band descending line indicates the trend is down while MA 50 above the price also gives a sell signal. RSI indicator shows level 37 indicating a downtrend.

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Polakandil

Well-known member
EURJPY today's price is 140.368 based NT4 terminal platform FXOpen. The price formed a long-body bullish candle yesterday.

EURJPY is strongly and bullish after dropping to a low of 137.177. In the daily timeframe, the price tries to reach the middle band line that works as the first resistance. However, the price still moves between the middle and lower band now. Bollinger band itself draws expanding which means high volatility occurs. Overall based on SMA 50 the price is in a downtrend market. RSI indicator in daily timeframe shows level 43 indicating the price in a downtrend market.

Go to the hourly timeframe here we can see the EURJPY price break the upper band and occurs a strong rally after breaking 138.631. Bollinger band draws expanding line which means high volatility occurs and the price cross up SMA line is now below the price indicating an uptrend. However, the price tries to retrace now formed bearish candle in this timeframe. While the RSI indicator shows level 65 out from the overbought zone level with a slope down line indicating a retracement or reversal pattern.

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Polakandil

Well-known member
EURJPY on the weekend moved from a swing high to a swing low the price at 140.546 based on MT4 terminal platform FXOpen.

In the daily timeframe, EURJPY prices move below the middle band line and moving average of 50. It means at present EURJPY still drives a downtrend market. Here Bollinger band draws to expand which means there is increasing volatility. While an RSI level of 44 indicates a downtrend market.

In the hourly timeframe EURJPY price move near the moving average of 50 below the middle band line which means having tendencies toward a bearish market, Bollinger band here draws a flat line indicating a sideways need while RSI shows level 46 marking a bearish market.

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Polakandil

Well-known member
EURJPY today's price is 141.488 based MT4 terminal platform FXOpen, the price trying to hit the middle band line.

In the daily timeframe, we can see the EURJPY price trying to cross up the middle band line now which acts as the resistance zone level. Here we can see the price move below MA 50 which gives an indication downtrend signal. While the Bollinger band draws a wide range gives an indication high volatility occurs. And RSI indicator shows level 48 is still below the downtrend level.

Go to the hourly timeframe, the EURJPY price now moves above the middle band line and MA 50 which means indicating a bullish market occurs. Bollinger band draws to narrow indicating decreasing volatility while RSI level 60 indicates an uptrend market.

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Polakandil

Well-known member
EURJPY today's price is 141.947 based MT4 terminal platform in FXOpen, the price still shaped the bulls candle on yesterday's market.

In the daily timeframe, EURJPY move crosses up middle band line looking next resistance near the moving average of 50 the next target. Wide distance upper band and lower band indicate the market occurs high volatility as Bollinger band indicator function to measure the volatility market. While the RSI indicator shows level 50 indicating a neutral zone level.

Go to the hourly timeframe for short-term analysis, EURJPY prices now move slowly to rise and move above the middle band line below the upper band line. However, the Bollinger band line draws a narrow range indicating low volatility occurs in this timeframe. The price is also above MA 50 which means the uptrend market based on the indicator, while the RSI level shows 58 indicating the uptrend zone level.

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Polakandil

Well-known member
EURJPY today's price is 142.445 based MT4 terminal platform FXOpen.

Yesterday's market EURJPY formed bullish candle as trend continuation, however the price not yet touched MA 50 that works as first resistance.

In the daily timeframe we can see EURJPY price already cross middle band line from bottom to top which means the price cross first obstacle to looking new high. Bollinger band draws wide range but starting to narrowed which means decrease volatility. Here RSI shows 52 the price above uptrend zone level.

In the hourly timeframe EURJPY now move sideways as we can see based Bollinger band line that narrow, overall trend still bullish weak where the price above MA 50, RSI indicator shows level 54 which means the price above uptrend zone level.

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Polakandil

Well-known member
EURJPY price now 138.410 based MT4 termuinal platform FXOpen.

EURJPY in the last week formed a bearish trend with a strong downtrend market.

Now in the daily timeframe, EURJPY move near the lower band line which is possible on this support zone occurs pullback. Here the price is far below MA 50 and the middle band line. Bollinger band draws to narrow which means potentially decreasing volatility. RSI indicator shows level 38 indicating a downtrend signal.

In the hourly timeframe, EURJPY now moves below the middle band line, indicating a downtrend. The price is also far below MA 20 in this timeframe, while the Bollinger band draws to expand which means increasing volatility. RSI indicator shows level 28 indicating the price is in the oversold zone level.

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Polakandil

Well-known member
EURJPY today's price is 138.895 based MT4 terminal platform FXOpen. The price formed a bull's candle but a small body.

In the daily timeframe, we can see EURJPY move near the lower band line. Bollinger band line draws to narrow indicating decreased volatility, the price is still far below MA 50 indicating a downtrend, and here works as the first resistance near 142.520. The RSI indicator shows level 40 which means below the downtrend level.

In the hourly timeframe, EURJPY prices now move below MA 50 indicating a downtrend, however, the Bollinger band line shows ascending line still indicating the uptrend. The distance between the upper and lower bands is narrow which means low volatility occurs. While the RSI indicator shows level 45 which means it is below the downtrend level and looking for further decline.

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Polakandil

Well-known member
EURJPY today's price is 138.974 based MT4 terminal platform FXOpen. The candle formed a long shadow or long wick in a daily timeframe.

In the daily timeframe, the EURJPY price move between the middle and lower band line indicating the price still moves in the trading range. The price formed a high of 141.680 and a low of 138.127, Bollinger band indicator draws expanding line indicating high volatility occurs. While the RSI indicator shows 42 indicating the price is below the downtrend zone level.

In the hourly timeframe, the EURJPY price now moves to consolidate price after dropping from a high. The price move below MA 50 indicating a downtrend zone, while the Bollinger band draws a wide distance indicating high volatility occurs. RSI indicator shows level 42 indicating below the downtrend zone level.

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Polakandil

Well-known member
EURJPY today's price is 138.906 based MT4 terminal platform FXOpen. The prices still move in the low zone near the lower band line.

In the daily timeframe, EURJPY's price yesterday formed Doji which indicates the market is still indecision market or consolidate to looking at the actual trend.

The price below the middle band line above the lower band line indicates a downtrend based on the indicator moving average and Bollinger band. There are expanding lines indicating increased volatility seen in this timeframe. while RSI levels show 42 indicating the price is below the downtrend level.

EURJPY in the hourly timeframe as short term technical analysis, recenly the price move below MA 50 and MA line work like as solid resistance at the moment that already three times rejection in this line. Here Bollinger band draws flat indicating sideways but the line tries to rise indicating a signal for increasing volatility. While the RSI indicator shows level 51 which means the price is above the uptrend zone level.

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Polakandil

Well-known member
EURJPY today's price is 140.651 based MT4 terminal platform FXOpen.

In the last week EURJPY price rising to reach swing high 141.295. In the daily timeframe EURJPY today price is above middle band line below MA 50, the trend still tend to bearish however the price tries to formed harmonic pattern ABCD. Bollinger band draws flat indicating the price in the trading range with high roughly 143.085 and low 137.145. RSI indicator shows level 49 which means still below downtrend level.

Go to hourly timeframe, we can see EURJPY move above middle band line and far abpve MA 50 indicating uptrend market. Here Bollinger band draws to expand and formed ascending line indicating uptrend market. While RSI indicator shows level 62 which means above uptrend zone level.

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Polakandil

Well-known member
EURJPY price today's 142.080 based on MT4 terminal platform FXOpen, yesterday the price tries to continue bullish reaching the moving average line

In the daily timeframe, EURJPY still struggles to reach the resistance zone level based on the MA 50 price of 142.262. The line still draws descending line indicating a downtrend-based indicator. While Bollinger band draws to flat with resistance zone level based upper band near 143.250. Here RSI indicator shows level 54 indicating an uptrend zone level.

In the hourly timeframe EURJPY consolidated price at 141.994, in the last hours the price move rose to a high but still not yet breakout. Bollinger band draws to narrow indicating lower volatility, while the price is still above MA 50. RSI indicator shows level 63 indicating the price is above the uptrend zone level.

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Polakandil

Well-known member
EURJPY today's price is 141.733 based on MT4 terminal FXOpen's trading platform.

In the daily timeframe, we can see the EURJPY price move below MA 50 which acts as the first resistance. The price touched the line but get a rejection on the 142.202. Yesterday the price formed a bearish candle with a small body indicating the price started weak to continue rising. Bollinger band draws to flat indicating the price move sideways in the trading range swing high of roughly 143.065 and swinging low of 137.640. The RSI indicator shows level 52 which means the price is above the uptrend zone level.

In the hourly timeframe, EURJPY now moves above MA 50 and tries to rise again, however, a small trading volume is still not capable to bring the price break high. Here Bollinger band draws to a narrow indicating the price low volatility, while RSI level 54 indicates the price is above the uptrend zone level.

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Polakandil

Well-known member
EURJPY today's price is 141.442 based MT4 terminal platform FXOpen, the price yesterday formed a bearish candle.

In the daily timeframe, we can see the EURJPY price fails to break resistance on the moving average 50 lines. The price touched the line and then get a rejection and make the pair drop to a low of 140.751. The price now moves below the moving average and upper band line. However, the price still moves between the middle and upper band line. Bollinger band draws to flat indicating sideways market the price on price range. While the RSI indicator shows level 51 which means the price is above the uptrend zone level.

Go to the hourly timeframe, the EURJPY price now moves below the moving average 50 and the middle band line indicating the price in the downtrend line. Here we can see Bollinger band draws to expand which means increased volatility. While the RSI indicator level shows 49 which implies the price is below the downtrend zone level.


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