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Eur-jpy

EURJPY bullish momentum | 29th Sep 2021Price has broken the daily descending trendline resistance (now support), signifying a bullish momentum. We can expect further upside on price if it breaks through the pivot level in line with 100% Fibonacci Projection , 61.8% Fibonacci retracement and previous swing high. Price is expected to ride the bullish momentum towards the take profit level in line with 161.8% Fibonacci Projection and 161.8% Fibonacci retracement . Our bullish bias is further supported by the price holding above the 50period MA. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
by FXCM
3
EURJPY important support and resistance levels !OANDA:EURJPY EURJPY has really interesting chart in weekly and daily timeframes If you want to look at it , start looking from weekly timeframe and see the down trendline which is recently broken . But let's take a look at daily now and check some important points : 1- the price is in a uptrend channel and recently the price has seen a great support in the bottom of channel (but that was not the only reason that price were supported so nicely , there are other technical reasons) 2- it's also still in a downtrend channel which leaded the price to the bottom of our bigger long term channel and then support 3- there are some great support and resistance levels that we can see in the chart ---- the most important support and resistance levels are.... : SUPPORTS : 121.700 125.100 128.000 (this price has acted as a really strong support) So if you decide to go for short and join bears , it's better to enter the market in one of the mentioned support levels ------------------------------------------ RESISTANCES : 136.600 (which is so close to us and we maybe can go short in this price , check the chart in this week and if it was being a resistance , don't miss it) 132.600 (0.618 Fib retracement) 134.116 137.500 ----------------------------------------- what's your idea about it ? I'd be glad if you mention your view in comments ;) I hope you like it !
by mahdirhimi
EURJPY short-term bullish momentum | 22nd Sep 2021Price is holding below the descending trendline resistance, however we can expect that price would bounce up towards the trend line resistance. Price is expected to bounce up from the pivot level in line with 100% Fibonacci Projection towards the take profit level in line with 61.8% Fibonacci projection and 61.8% Fibonacci retracement . Our short-term bullish bias is further supported by the stochastic indicator where the %K line bounced off the support level . Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by FXCM
1
Extreme trader sentiment points to possible EURJPY downtrendSignal ID: 77650 Time Issued: Wednesday, 22 September 2021 02:00:15 GMT Status: open Entry: 128.154 - 128.394 Limit: N/A Stop Loss: 128.755 The Trend Follower Strategy has just sold EURJPY at 128.274. The system recommends entering this trade at any price between 128.154 and 128.394. The signal was issued because our Speculative Sentiment Index is extremely negative, with a value of 1.527. This suggests that the EURJPY could be trending downwards.The 14-period Average True Range on a daily chart is 0.481, so the stop loss has been set at 128.755. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Trend Follower is a trend trading strategy that aims to buy and hold rising currency pairs and to sell short and hold falling currency pairs. The strategy looks to buy when the Speculative Sentiment Index is below -1.5, and looks to short when it is above +1.5. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by FXCM
EURJPY flirting with key support ahead of the FOMCJust like the EURUSD is toying with the 1.1700 level, the EURJPY is toying with key support at the 128.00 level. The reason why this is such a MAJOR support level is this is the 13 year re-test of the broken trend line (2008 - present). The pair broke this trend line back in April of this year, and now we are back testing it once again. Also, the EURJPY is at the 50% retracement of the Oct 2020 lows to May 2021 highs. If the EURUSD breaks the 1.1700 level and EURJPY 128.00, there is a big risk that the EUR sees some strong downside pressure in the weeks ahead. All eyes turn to the FOMC tomorrow which could make/break these two pairs.
by ForexAnalytix
EURJPY 4hour Analysis September 19th, 2021EURJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We’re definitely looking bearish here on EJ and we’re looking to continue with that trend into this week. At the current level we’re waiting for price action to break and retest our 128.900 level so we can enter short on a lower high. Trade scenario 2: For us to consider EJ bullish we first need to see a strong reversal here at 128.900 and ultimately a break above 130.000.
Short
by ForexLeague
EURJPY 4hour Analysis September 12th, 2021EURJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We’re looking full bearish now! We just saw a perfect lower high right after a break of 130.000. We can find some lower timeframe entries now or in the next few hours if price action pullsback again. Trade scenario 2: For us to consider EJ bullish we ideally need to see a break above 130.000 with a higher low above. We’ll look to enter long after we see bullish confirmations following the higher low.
Short
by ForexLeague
Breakout Identified in EURJPY Signal ID: 77525 Time Issued: Friday, 10 September 2021 07:17:15 GMT Status: open Entry: 130.013 - 130.266 Limit: 130.681 Stop Loss: 129.669 The Breakout Opportunities system has just bought EURJPY at 130.127. The system recommends entering this trade at any price between 130.013 and 130.266. The signal was issued because the EURJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.496, suggesting that the EURJPY may have further to rise. A stop loss has been set at the 24-hour low of 129.669 and a profit target has been set at the 1 Day ATR level at 130.681. The system will move the stop to the next 24-hour low every time that 24-hour low is higher than the previous 24-hour low. Breakout Opportunities is a breakout strategy that aims to catch the significant moves that typically happen when currencies break through technical support or resistance. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by FXCM
4
EURJPY Multi-Time Frame Price Action Analysis, and Backtesting Hi everyone: Let's take a detailed look into EURJPY’s current price action, what my analysis and forecast so far, and do some backtesting on previous prices to give us a positive outlook on the potential bearish continuation price. Starting from the Higher time frame, clear double tops, and ascending channel reversal are very noticeable. Then the price had a bearish reversal impulse phase, pushing the price down. After we begin to see a consolidation, forming a potential expanding correction, which can give us opportunity for a continuation of the bearish move. Following up on my EURJPY analysis I post, I took 2 entries so far: First trade - 1% loss Price wasn't ready to reverse and correctively move sideways/up, tagged me out for a loss. Second Trade - Enter after a rising wedge, “M” style reversal correction. Currenting Running about +2% Original Full analysis/forecast: So 2 TP to look out for are: Now, let's do some backtesting on the EURJPY previous price action. From the Higher Time Frame: Similar price action in the past, can provide us a higher probability trade to enter for the downside. The more backtesting we do, the more confidence we get at identifying the next potential impulse phase where we can capitalize. Any questions, comments, or feedback welcome to let me know :) Thank you Some backtesting video I made in the past: Backtesting & Chartwork on Forex Market Backtesting & Chartwork on Indices Market Backtesting & Chartwork on Crypto Market How & Why I backtest: Prevent Blowing an account by backtesting:
Short
by jojofang0901
52
DXY Pre-London Trend Shift | USD The S&P 500 index recovered on Friday as investors seized the opportunity presented by Wall Street's recent selloff. Equity traders will look for clues about the Fed's next move at this week's Jackson Hole symposium. According to the minutes of the most recent FOMC meeting, a majority of Fed members support reducing the $120 billion per month asset purchase program by the end of the year. Fed Chair Jerome Powell's Friday speech may bolster this possibility, even as recent economic data showed a slowing recovery. In this context, the DXY US Dollar index broke above a 12-month-old "Wedge" pattern. This shows that the market has priced in the possibility of tapering stimulus and possibly rate hikes in the medium term. A stronger US Dollar may weigh on commodity prices and emerging market assets.
TVC:DXYShort
by SteadyTradeAI
EURJPY Facing Bullish Pressure | 1 Sept 2021EURJPY holding above ascending trendline support. Technical indicators calling for further bullish momentum above our entry at 129.701 towards graphical swing high and our take profit at 131.090. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by FXCM
3
Bearish Prediction for EUR/JPYHi guys In short term time frame, we can see a upward channel & there will be buy chance after green bullish engulfing candle. TP1: 139.830 TP2: 130.280 SL : 129.200 On the other hand, in higher Time Frame, 1D > Price will hit the SMA 50 and push back into the warm huge of SMA200> down ward. But for this scenario, it will be too early to jump into the Deal!! It should be only in our behind thoughts. good luck I will be appreciate to leave your comments.
by farhaddeheshki
EURJPY 4hour Analysis August 29th, 2021EURJPY Short Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bullish Trade scenario 1: Overall we’re bearish other than this 4hour bullish leg. Good thing to spot here is that this bullish move looks to be filling this large channel. This is good because we can spot a potential short scenario on a confirmed reversal near 130.000 & this upper trendline. Look to enter short after this 4hour bullish trend is broken and we can clearly see a lower high. Trade scenario 2: For us to consider EJ bullish we would need to break above resistance around 130.000. Look to enter long on a confirmed higher low.
Short
by ForexLeague
EURJPY potential bullish momentum | 26th Aug 2021Price has broken the descending trendline resistance for both the H4 and the weekly chart, this signifies a bullish momentum Price is expected to be moving towards the take profit level in line with the 127.2% Fibonacci extension level. Our bullish bias is further supported by the MACD reacting above the zero line, MACD line crossing above the signal line and price is holding above the 50 period MA. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by FXCM
1