EUR/JPY is heading towards the resistance line of a Channel Down. If this movement continues, we expect the price of EUR/JPY to test 122.4920 within the next 6 hours. 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 […]
For those of you that don’t believe in trends, this may be an opportunity to take advantage of an exceptional 1.62% move on EUR/JPY. The movement has happened over the last 10 days. For those trend followers among you, you may think about riding this trend. Did you know that our social media feeds are […]
By: Dima Chernovolov EUR/JPY recently broke the daily Down Channel chart pattern which was previously identified by Autochartist. Autochartist rates the quality of this Down Channel at the 7-bar level – which is the result of the below-average Initial Trend (4 bars), strong Uniformity (8 bars) and near-maximum Clarity (9 bars). EUR/JPY is expected to […]
Those of you that are trend followers are probably eagerly watching EUR/JPY to see if its latest 1.53% move continues. If not, the mean-reversion people out there will be delighted to cash in on this exceptionally large 9 days move. Did you know that our social media feeds are updated only 3x per day, and […]
EUR/JPY is approaching the resistance line of a Channel Down. It has touched this line numerous times in the last 14 days. If it tests this line again, it should do so in the next 3 days. Did you know that our social media feeds are updated only 3x per day, and don’t look at […]
EUR/JPY is approaching the resistance line of a Channel Down. It has touched this line numerous times in the last 3 days. If it tests this line again, it should do so in the next 20 hours. Did you know that our social media feeds are updated only 3x per day, and don’t look at […]
EUR/JPY is moving towards the resistance line of a Channel Down. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 2 days and may test it again within […]
EUR/JPY is moving towards the support line of a Falling Wedge which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If EUR/JPY continues in its current trajectory, […]
Rising Wedge identified at 01-May-2019 14:00 UTC. This pattern is still in the process of forming. Possible bearish price movement towards the support 124.4200 within the next 20 hours. Did you know that our social media feeds are updated only 3x per day, and don’t look at short term movements? If you open a live […]
Channel Down identified at 26-Apr-2019 03:00 UTC. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 126.0600 within the next 2 days. Did you know that our social media feeds are updated only 3x per day, and don’t look at short term movements? If you open a live […]
