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Eur-jpy

EURJPY - Strong Resistance 👌Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. EURJPY has been overall bullish trading inside the red rising broadening wedge pattern, however it is currently approaching the upper red trendline. Moreover, the blue zone 150.0 is a strong round number. 🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper red trendline. (acting as non-horizontal resistance) As per my trading style: As EURJPY approaches the upper purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
2
Will EURJPY find support at previous swing low?EURJPY - 24h expiry Selling pressure from 150.20 resulted in all the initial daily gains being overturned. The current move lower is expected to continue. The bias is still for higher levels and we look for any dips to be limited. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Further upside is expected although we prefer to buy into dips close to the 148.65 level. We look to Buy at 148.65 (stop at 148.25) Our profit targets will be 149.65 and 149.85 Resistance: 151.40 / 152.95 / 155.20 Support: 148.40 / 146.05 / 144.20 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
1
EURJPY Final pump before a long-term sell.The EURJPY pair is about to complete the long-term bullish leg it started within the Channel Up and has already hit the bullish target we set (see chart below) on February 16: The price is now about to complete the final bullish leg to re-hit the top of the Channel Up and price the new Higher High before it gets rejected and start the new long-term bearish leg towards the bottom for the new Higher Low. It needs a 1D RSI Double Top at 70.00 to do that and in those terms it looks very similar to the August 02 - October 21 sequence. The 1D MA50 (blue trend-line) has been supporting since March 29. When broken, it will be a (rather late) signal to sell. Our long-term target is the 1W MA50 (red trend-line) and we project contact to be made a 145.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
5
Will EURJPY find buyers at market?EURJPY - 24h expiry We are trading at oversold extremes. This is positive for sentiment and the uptrend has potential to return. The trend of higher lows is located at 146.13. We prefer to consider the medium term trend and expect buying interest to support as prices move lower. Further upside is expected although we prefer to buy into dips close to the 148.90 level. We look to Buy at 148.90 (stop at 148.50) Our profit targets will be 149.90 and 150.10 Resistance: 151.40 / 152.95 / 155.20 Support: 148.40 / 146.05 / 144.20 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
2
EURJPY correction inc; RSI/BBAND/STOCH/HAIKEN ASHIInstructions: 1) The Relative Strength Index (RSI) shows that the asset is temporarily overbought/oversold, suggesting a possible trend reversal. 2) Bollinger Bands indicator shows that the asset is currently in an upper/lower resistance/support zone. 3) The Forex Stochastic Oscillator (Stoch) helps identify buy and sell moments based on comparing the current price with the price range over a specific time frame. 4) In addition, I use Heiken Ashi candles, which help to see the trend in a smoother and smoother way. Intervals: D1: . 1) RSI above the 70 level 2) Price is at the Bollinger band 3) Stoch above the 80 level (while, there is still no dominance of the sell line - red) 4) Haiken Ashi still candle color green - we can wait H4: 1) RSI above the level of 70 2) Price is on the Bollinger band 3) Stoch above 80 and the red sell line is dominant 4) Haiken Ashi still candle color green - we can wait Conclusions: Based on the analysis of RSI, Bollinger Bands, Stoch and Heiken Ashi candles, it seems that the EURJPY asset may be at a turning point. On the other hand, it is still worth waiting for stronger confirmation of weakness. Stop Lose: Under the top of the Bollinger band +10/15pips. SL will be set at breakeven after a 10/15pips rise.
Short
by Manticore_Investments
EURJPY: Excellent sell opportunity.EURJPY is approaching the top of the one year Channel Up pattern with the 1D time frame on strong bullish technicals (RSI = 63.669, MACD = 1.080, ADX = 24.666). Once the 1D RSI breaks the 70.000 overbought level again, it will be the most optimal sell entry on a seven month basis (previous one on October 21st 2022). It is already a strong sell opportunity and we are taking a long term sell position, targeting the bottom of the Channel Up (TP = 142.000). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
4
EURJPY to see another stem dip?EURJPY - 24h expiry A Doji style candle has been posted from the high. We are trading at overbought extremes. A lower correction is expected. The bias is still for higher levels and we look for any dips to be limited. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. We look to Buy at 149.05 (stop at 148.65) Our profit targets will be 150.05 and 150.25 Resistance: 151.40 / 152.95 / 155.20 Support: 148.40 / 146.05 / 144.20 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
Eur/Jpy Long Idea EURJPY currently has a score of +4, or a Buy rating after adding up all categories. First, let's look at what institutional traders are buying/selling. We can see that theEUR has a long percentage of 78.31%, and we see that the JPY has a long percentage of 23.83%. This category receives a +2, as institutional traders favor the EUR. Taking a look at EURJPY, we see that retail traders are 22% long, and 78% short. We consider this information most useful when a market is at an extreme reading from retail traders. If the retail crowd is 60% or more positioned to one side, we get a +1 or -1. Currently, theEURJPY gets a reading of +1 in this category. Remember, if the retail crowd is very long, we will look to short, and vice versa. Taking a look at seasonality, we get a score of +1. What this tells us is that based on historical data, this market tends to rise during this month. Trend reading is based on the daily chart, using the 5, 8, and 21 Exponential Moving Average. The more 'aligned' they are, the stronger the trend up or down. In this case, we have a score of +2. Finally, let's look at fundamentals. GDP growth favors the JPY, inflation favors the JPY, unemployment favors the JPY and interest rates favor the EUR
Long
by Elite_Forex
1
EURJPY - Looking For Sell Setups ⬇️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. EURJPY is approaching a strong daily resistance and round number 150.0 , so we will be looking for sell setups on lower timeframes. EURJPY is forming a head and shoulders pattern, but it is not ready to go yet. 🏹 For the bears to take over , we need a momentum candle close below the orange neckline. Meanwhile, until the sell is activated, EURJPY can still trade higher and even break the resistance upward. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
9