pepy Posted August 8, 2016 Author Share Posted August 8, 2016 Just like USDJPY it seems that the trend of this pair(EURJPY) on daily chart, is still under bearish pressure. There is some correction to fight this trend to around level 114.002 or up to 115.00. But in the Swing Cloud area if there is rejection this correction won't last long and the price predicted to fall down and follow the trend once more. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 15, 2016 Author Share Posted August 15, 2016 Up to now the trend on daily chart of EURJPY still bearish. Even last weekend there aren't much movement and the price tend to be flat, but the price predicted to gain its bearish momentum and will be back this week. The price at this current condition may fall to around level 112.005 since price also can't break EMA50 plus Stochastic and RSI(14) are pretty flat with MACD forms lower high. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 17, 2016 Author Share Posted August 17, 2016 Shooting star is formed is formed in the EURJPY pair on 4 hour time frame, and with the price able to break EMA25 plus it closed below. RSI (14) seems falling down to level 56. Stochastic (5,3,3) also fall down to level 71. Macd (12,26,9) formed higher low position. Basically the price is bearish and has chance to fall towards lower band at 112.502. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 18, 2016 Author Share Posted August 18, 2016 Bullish engulfing pattern spotted on EURJPY's H1 chart and the price also successfully break the lower band and target the higher price. RSI (14) rise to level 48 while Stochastic (5,3,3) observed to ascend up to level 68 near overbought area. Macd also formed lower highs formation. The bias is bullish for this pair may touch 113.38. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 19, 2016 Author Share Posted August 19, 2016 EURJPY failed to break the higher band makes the price get bigger pressure to fall down, especially with inverted hammer formed on H1 chart. MACD formed lowers high accompanied by RSI(14) which fall to level 53 and Stochastic (5,3,3) also spotted fall to level 50. Bias is bearish and the price may have limited movement to 112.935. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 22, 2016 Author Share Posted August 22, 2016 Gap spotted on H1 chart of EURJPY, but the price trying to correct it even like that the bullish sentiment is still strong here, and RSI(14) and Stochastic (5,3,3) both rise from their previous position to level 40 and 43 respectively while MACD formed lower highs. Bias is bullish and the price may rise also set eyes to 113.775. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 23, 2016 Author Share Posted August 23, 2016 Inverted hammer found based on 1 hour time frame chart of EURJPY giving an indication that this pair now under bearish sentiment. MACD (12,26,9) right now is lower low, while RSI(14) fall down slightly to level 21 and Stochastic (5,3,3) fell under bearish sentiment to around level 26. Bias is bearish and the price will fall down at 113.126. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 25, 2016 Author Share Posted August 25, 2016 Black body followed by MACD which formed higher lows indicated this pair will make a come back on H1 chart. EURJPY also has been break the pivot line today with RSI(14) rose to level 52 on the other hand Stochastic(5,3,3) observed to rise while make crossover to 49. Bias is clearly bullish and i will vote to BUY. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 26, 2016 Author Share Posted August 26, 2016 EURJPY is clearly sideways on H4 chart, there is not much movement Macd(12,26,9) doesn't show significant movement. RSI(14) and Stochastic on the other hand show some buyer's pressure where both rose to higher level. RSI to 68 while Stochastic to 43. Bias is none a.k.a sideways until the closing. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 29, 2016 Author Share Posted August 29, 2016 Evening start spotted on H1 chart of EURJPY thus drive the price down further. Even after break the 2nd resistance level. The other indicators also say so such as MACD which forms lower high and Stochastic with RSI where both fell to lower level, at 13 and 60 respectively. The bias is bearish with the price may touch the first resistance level again at 114.121 Quote Link to comment Share on other sites More sharing options...
pepy Posted August 30, 2016 Author Share Posted August 30, 2016 Spinning Top spotted on 1 hour chart of EURJPY indicated that the price is losing its bearish momentum to drive price down further even opened under pivot line, also this means rejection since S1 reject the price. RSI(14) rose to level 51 while Stochastic (5, 3, 3) rose to level 78. The prediction for now is bullish, it may target the price at 114.350 Quote Link to comment Share on other sites More sharing options...
pepy Posted August 31, 2016 Author Share Posted August 31, 2016 Big white candle spotted on H1 chart of EURJPY but it failed to break the first resistance level, only the next candle failed to gain bearish momentum. RSI(14) observed to rise at 66 while Stochastic(5, 3, 3) observed to rise at 64. MACD on the other hand formed higher high. At this rate i predict this pair may rise up to 115.052 Quote Link to comment Share on other sites More sharing options...
pepy Posted September 1, 2016 Author Share Posted September 1, 2016 Doji formed on the top but it seems bullish still dominate the market, EURJPY observed to rise through the wall with break EMA20 and middle band. RSI(14) and Stochastic (5,3,3) observed to fall both to level 66 and 32 respectively. The prediction for now is bullish but still there is correction which may happen later. Quote Link to comment Share on other sites More sharing options...
pepy Posted September 2, 2016 Author Share Posted September 2, 2016 EURJPY on 30 minutes chart observed to be under bulllish sentiment, not to mention after the price get a rejection by the lower band thus drive price further. RSI(14) observed to rise at 57, while Stochastic(5,3, 3) rise to level 17, and MACD(12,26,9) formed higher low. Based on the analysis above at this moment i will vote for BUY Quote Link to comment Share on other sites More sharing options...
pepy Posted September 9, 2016 Author Share Posted September 9, 2016 Hanging man spotted on 1 hour time frame of EURJPY indicated for this pair bearish sentiment and this trend supported by RSI(14) where this indicator fell to level 56, while Stochastic (5,3,3) fell to around level 62. MACD(12,26,9) also formed higher low. The conclusion is bearish with the target for this pair is at 114.95 Quote Link to comment Share on other sites More sharing options...
pepy Posted September 12, 2016 Author Share Posted September 12, 2016 30 minutes chart of EURJPY saw the price is moving above pivot and hammer formed indicated the current one is bullish. Candle also above EMA20. Parabolic SAR indicator (0.02,0.2) indicates a buy signal, while RSI(14) seems fall down to level 53 and Stochastic (5,3,3) also fall down to level 39. The conclusion is bullish, but the market looks to test support at 114.872, be alert if the support penetrated. Quote Link to comment Share on other sites More sharing options...
pepy Posted September 13, 2016 Author Share Posted September 13, 2016 Morning star spotted on 1 hour time frame of eurjpy. The price of this pair also rose after that and trying to break EMA100 but rejection happened. Overall the bias is bearish since Parabolic SAR show that SELL signal, with RSI and Stochastic fell both to lower level and MACD(12,26,9) formed lower low. The target maybe at 114.10 or even lower. Quote Link to comment Share on other sites More sharing options...
pepy Posted September 16, 2016 Author Share Posted September 16, 2016 EURJPY's price is successfully break the middle band and also EMA100 without much doubt. After this breakout the price fall down more. Parabolic SAR in this case is moving above the price means bearish, while RSI rose to level 40, Stoch rose to level 55. MACD formed higher low but on the red zone. Based on that the conclusion is bearish and may target at 114.50 Quote Link to comment Share on other sites More sharing options...
pepy Posted September 19, 2016 Author Share Posted September 19, 2016 Long wick of evening star formed on this 1 hour time frame chart, it seems EURJPY under bearish sentiment considering that overall this one seems fall down. MACD even formed a lower low and on the red zone. Stochastic and RSI both fell to lower level, Stochastic even already in the oversold zone. The target for this bearish trend is at 113.310. Quote Link to comment Share on other sites More sharing options...
pepy Posted September 20, 2016 Author Share Posted September 20, 2016 On 1 hour time frame it seems that EURJPY still under bearish pressure. It is clear by the breakout of middle band which make the price closed below. Other indicators such as Parabolic SAR which is moving below of the current price indicated the bullish sentiment. RSI(14) fell down to level 32 and Stochastic fell to level 45. MACD(12,26,9) on the red zone it seems bearish too. So based on that all i can conclude that EURJPY have tendency to be bearish with the next target at 113.45 Quote Link to comment Share on other sites More sharing options...
pepy Posted September 21, 2016 Author Share Posted September 21, 2016 Even on the limited range, EURJPY on h4 time frame chart still above to hold its bearish movement. With the price break through the middle band and closed lower. RSI(14) and Stoch are both showing the bearish sentiment for this pair.MACD (12,26,9) might be the key with this indicator formed on red zone. I think this pair may fall to 111.80 at most. Quote Link to comment Share on other sites More sharing options...
pepy Posted September 23, 2016 Author Share Posted September 23, 2016 EURJPY based on 1 hour time frame chart saw 2 rejections from EMA100. With this i think this pair surely fall down further combined with pivot which is still way higher. Parabolic SAR is not it gives indication for bullish, but RSI and Stochastic both fell down to 45 and 67 respectively. Based on that i can conclude that EURJPY overall is under bearish sentiment and may fall down to around 112.65 Quote Link to comment Share on other sites More sharing options...
pepy Posted September 26, 2016 Author Share Posted September 26, 2016 On the 4 hour time frame EURJPY saw the price created a shooting star when prices failed to pass the 3/8 murray math area at 113.672. The other indicator which are Macd (12,26,9) just formed higher low, and RSI(14) fall down to around level 50. Stochastic (5,3,3) fell down to level 71. Parabolic SAR is moving above the price so the bias is bearish with support at 112.891 Quote Link to comment Share on other sites More sharing options...
pepy Posted September 28, 2016 Author Share Posted September 28, 2016 EURJPY on 1 hour chart indicates that the price broke hovering around EMA100 line, but it seems showing small signal to break it.RSI int his chart seems rise to around level 50, Stochastic (5,3,3) fall down to level 68, while Parabolic SAR is below the candle which means bullish and MACD with lower high on green zone. Based on the analysis above this pair is predicted moderate bullish with resistance at 113.50 Quote Link to comment Share on other sites More sharing options...
pepy Posted September 29, 2016 Author Share Posted September 29, 2016 1 hour graphical chart show us that the the price of EURJPY is moving above EMA100 right now with the price also above the daily pivot. In this chart, RSI observed to rise to level 72 while Stochastic(5,3,3) able to rise to level 90. MACD and Parabolic SAR seems to show us bullish signal, so the conclusion is bullish with the resistance target at 114.40 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.