Trade Successfully
EUR/JPY soars near a 1-month peak; more gains expected. EUR/JPY is heading sharply higher over the last 4-hour session, approaching the one-month high of 126.80, first reached on April 15. The successful climb above the 20-simple moving average (SMA) and the red Tenkan-Sen line give the opportunity to traders to think
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EUR/JPY in a short downtrend; bulls wait above 126.77. EUR/JPY is building a downtrend below 127.49 since the start of March, with the pair being set to register another lower high this week around 125.60. The technical picture suggests neutral conditions for short-term trading as the RSI and the MACD hover
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EUR/JPY advances inside Ichimoku cloud; descending channel holds. EUR/JPY is trading higher in the 4-hour chart after it posted a bullish cross within the 20- and 40-simple moving averages (SMA). The RSI indicator is pointing to the upside in the bullish area, while the MACD oscillator is trying to strengthen its
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EUR/JPY loses ground below 125.00; Bollinger band approaches price action. EUR/JPY is trading slightly lower in the 4-hour chart on Wednesday after finding resistance at the 125.00 psychological level, which is currently near the upper Bollinger Band. Moreover, the pair is trading below the 20- and 40-simple moving averages (SMAs), while
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EUR/JPY stretches higher within the ascending channel. EUR/JPY is moving higher in the 4-hour chart after finding support at the lower boundary of the ascending channel, which has been holding since January 3. Furthermore, the pair is trading above the 20- and 40-simple moving averages (SMAs) in the 4-hour chart, while
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EUR/JPY posts limited gains; bullish in the short term. EUR/JPY has jumped aggressively over the last three straight days, approaching the 40-period simple moving average (SMA) on the 4-hour chart, which is acting as immediate resistance for the bulls. However, the short-term technical indicators are bearish and point to more weakness
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EUR/JPY holds in ascending range; indicators point up. EUR/JPY is currently rising, touching the 40-simple moving average (SMA), after the rebound on the lower Bollinger Band in the 4-hour chart. The pair have been struggling in an upward sloping channel since January 15 with the technical indicators returning back to the
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EUR/JPY set to complete a symmetrical triangle. EUR/JPY rose above the 50-day moving average (MA) last week but its positive action remained constrained within the symmetrical triangle. The pair is currently completing the triangle pattern and the technical indicators suggest a bullish breakout as the MACD has successfully entered the positive
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EUR/JPY still in a positively sloped channel; bullish correction in progress. EUR/JPY is trading slightly below the 50% Fibonacci retracement level of the down leg from 133.10 to 118.57, around 125.85, surpassing the bullish crossover of the 20- and 40-simple moving averages in the 4-hour chart. The pair have been struggling in an upward sloping channel
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EUR/JPY consolidates within the symmetrical triangle. EUR/JPY is trapped within the 124-126 area as the 50% and the 38.2% Fibonacci levels of the down leg from 133.21 to 118.57 seem to be keeping price movements under control and within the symmetrical triangle which appeared more clearly after the rebound on the 38.2% Fibonacci
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