By: Dima Chernovolov EUR/JPY continues to fall inside the clear 15-minute Falling Wedge chart pattern which was recently identified by Autochartist. Autochartist rates the quality of this Falling Wedge at the 5-bar level – which is the result of the slow Initial Trend (2 bars), average Uniformity (5 bars) and strong Clarity (8 bars). EUR/JPY […]
By: Dima Chernovolov EUR/JPY continues to fall inside the uniform 30-minute Down Channel chart pattern which was previously identified by Autochartist. Autochartist rates the quality of this Down Channel at the 6-bar level – which is the result of the slow Initial Trend (3 bars), above-average Uniformity (6 bars) and strong Clarity (8 bars). EUR/JPY […]
EUR/JPY is heading towards the resistance line of a Channel Down and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]
EUR/JPY is approaching the support line of a Channel Down. It has touched this line numerous times in the last 7 days. If it tests this line again, it should do so in the next 2 days. Did you know that our social media feeds are updated only 3x per day, and don’t look at […]
EUR/JPY has broken through a resistance line of a Double Bottom and suggests a possible movement to 121.6420 within the next 2 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a […]
EUR/JPY has broken through a support line of a Channel Up chart pattern. If this breakout holds true, we expect the price of EUR/JPY to test 120.3147 within the next 2 days. But don’t be so quick to trade, it has tested this line in the past, so you should probably confirm the breakout before […]
For those of you that don’t believe in trends, this may be an opportunity to take advantage of an exceptional 1.95% move on EUR/JPY. The movement has happened over the last 9 days. For those trend followers among you, you may think about riding this trend. Did you know that our social media feeds are […]
Those of you that are trend followers are probably eagerly watching EUR/JPY to see if its latest 1.51% move continues. If not, the mean-reversion people out there will be delighted to cash in on this exceptionally large 6 days move. Did you know that our social media feeds are updated only 3x per day, and […]
EUR/JPY is heading towards the resistance line of a Falling Wedge. If this movement continues, we expect the price of EUR/JPY to test 118.0420 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up […]
The movement of EUR/JPY towards the resistance line of a Channel Down is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound […]
