Trade Successfully
EUR/JPY had a bearish start on Wednesday, approaching the mid-level of the Bollinger Band (20-simple moving average) in the 4-hour chart, after the pullback on the three-week high of 123.15. The RSI and the MACD are suggesting a possible overstretched market as both are returning lower. The MACD is heading below the
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EUR/JPY struggles below 40-SMA after the pullback on 5-month lows. EUR/JPY had a bullish start on Monday, after the strong rebound on the five-month low of 120.77, with the price breaking a crucial level of 121.00 and the 20-period simple moving average (SMA) in the 4-hour chart. The pair is approaching its
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EUR/JPY plummeted to a new four-month low of 121.80 earlier today, continuing the selling interest from the 123.75 resistance zone. The pair also dropped beneath the 20- and 40-simple moving averages (SMA), which recently posted a bearish cross, while the stochastic oscillator slipped into the oversold area. Moreover, the RSI is ready to
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EUR/JPY eases below 2-week lows; loses ground in the short term. EUR/JPY reversed lower after meeting a two-week high around 123.70 on Tuesday, flirting with the 23.6% Fibonacci retracement level of the down leg from 126.80 to 122.07, near 123.20. The technical picture supports that the slightly bearish move is likely to continue in the short-term.
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EUR/JPY reversed higher after it tumbled towards a fresh four-month low of 122.07 this week. The technical picture supports that the slightly bullish correction is likely to continue in the short-term. The MACD is stretching to the upside above its trigger line and the stochastic oscillator is approaching the overbought zone in the 4-hour chart. Another
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EUR/JPY turns lower after creating double top formation at 126.80. EUR/JPY is trading lower after it faced a double top formation on the 126.80 resistance level on April 15 and April 17. The price is challenging today the 50.0% Fibonacci retracement level of the up leg from 123.65 to 126.80 around
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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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