EURJPY trade ideas
EURJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=120.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=120.45.
TP4: R2=120.65.
Set the stoploss of these orders at breakout of S2=119.9.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=119.9.
In this situation, there is an expectation to reach the target S3=119.15.
Set the stoploss of reverse orders at breakout of S1=120.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
EURJPY Down Again?All your Fundamental and Heavy indicators will forsake you in the last days of November, Never Forget that. Eur is Going down till the last days of November...
EURJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=120.05.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=120.5.
TP4: R2=120.65.
Set the stoploss of these orders at breakout of S2=119.9.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=119.9.
In this situation, there is an expectation to reach the target S3=119.1.
Set the stoploss of reverse orders at breakout of S1=120.05.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Don't miss the great buy opportunity in EURJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (119.95). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURJPY is in a uptrend and the continuation of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 59.
Take Profits:
TP1= @ 120.75
TP2= @ 121.45
TP3= @ 123.15
SL= Break below S2
EURJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=120.6.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=121.05.
TP4: R2=121.45.
Set the stoploss of these orders at breakout of S2=120.4.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=120.4.
In this situation, there is an expectation to reach the target S3=119.55.
Set the stoploss of reverse orders at breakout of S1=120.6.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
EURJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=119.8.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=120.65.
TP4: R2=120.8.
Set the stoploss of these orders at breakout of S2=119.6.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=119.6.
In this situation, there is an expectation to reach the target S3=118.7.
Set the stoploss of reverse orders at breakout of S1=119.8.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
EURJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=119.05.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=119.8.
TP4: R2=120.
Set the stoploss of these orders at breakout of S2=118.75.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=118.75.
In this situation, there is an expectation to reach the target S3=117.8.
Set the stoploss of reverse orders at breakout of S1=119.05.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Don't miss the great buy opportunity in EURJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (119.03). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURJPY is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 81.
Take Profits:
TP1= @ 120.00
TP2= @ 120.78
TP3= @ 122.22
SL= Break below S2
Don't miss the great buy opportunity in EURJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (118.16). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURJPY is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 118.65
TP2= @ 119.80
TP3= @ 120.80
SL= Break below S2
EURJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=117.35.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=117.9.
TP4: R2=118.3.
Set the stoploss of these orders at breakout of S2=117.15.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=117.15.
In this situation, there is an expectation to reach the target S3=116.3.
Set the stoploss of reverse orders at breakout of S1=117.35.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
It's time to Sell EURJPYTechnicals: EURJPY in a downtrend since the beginning of 2019
The technicals are generally well defined here, with a large channel inside of which the downtrend has traded for the whole year of 2019.
Switching to the 4-hour chart, we can see more details of the price action. There is a smaller bearish 14-day channel within the larger (more significant) yearly channel, which is also well-defined, as shown on the chart below.
Judging by the overall fundamentals and technicals, it’s quite possible that this smaller bearish channel will be broken to the downside - accelerating the bearish trend. Hence, looking to sell EURJPY toward the resistance trendline of this smaller channel (118.00 area) could offer excellent opportunities to position for potentially large bearish moves.
Entry:
1st: Look to sell a rally toward 118.00; likely to allow a tighter stop
2nd: Enter short on a bearish breakout of the small channel (currently that is below 117.00); likely will need a larger stop and will require more confirmation from fundamentals and technicals against a fake breakout.
Stop loss:
1st: Above 118.00 in the 1st scenario
2nd: Above breakout point in the 2nd scenario; the 117.50 - 60 area looks interesting in this regard. Still, however, this stop level needs to be considered at the time of entry, so a different level might be more appropriate according to the situation.
Targets:
1st: - At the 117.00 support trendline of the small channel - This could be an initial target in the 1st scenario (of entry around 118)
2nd: Main target toward the support trendline of the channel (presently around 115.00 - 114.50 area);
EURJPY - expected to drop down to tp's !!the price retrace its path and by using the techincal analysis first TP is on that place .After that triangle pattern will create. Acc. to that pattern price will drop down to that 2nd TP. :)
There is a possibility for the beginning of an uptrend in EURJPYMidterm forecast:
While the price is above the support 115.850, beginning of uptrend is expected.
We make sure when the resistance at 120.800 breaks.
If the support at 115.850 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
There is a divergence in RSI and price between the trough at 117.665 on 2019-08-05 and the trough at 115.86 on 2019-09-03, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
A peak is formed in daily chart at 120.00 on 09/13/2019, so more losses to support(s) 118.20 and minimum to Major Support (117.50) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 45.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (117.50 to 115.85). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (117.50)
Ending of entry zone (115.85)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 119.250
TP2= @ 120.800
TP3= @ 122.300
TP4= @ 123.700
TP5= @ 125.100
TP6= @ 126.650
TP7= @ 129.100
TP8= @ 133.100
TP9= Free
EURJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=119.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=119.6.
TP4: R2=120.
Set the stoploss of these orders at breakout of S2=118.8.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=118.8.
In this situation, there is an expectation to reach the target S3=117.95.
Set the stoploss of reverse orders at breakout of S1=119.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
EURJPY BREAKOUTEURJPY is going to breakout of a tightening range. Trade the breakout, whichever way it breaks.
Tp 1.2% on each side to breakout.
Don't forget to take partial profit and move Sl to Be after getting 1:1 R profit. Thats sound money managment.
EURJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=118.25.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=119.15.
TP4: R2=119.55.
Set the stoploss of these orders at breakout of S2=118.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=118.
In this situation, there is an expectation to reach the target S3=117.1.
Set the stoploss of reverse orders at breakout of S1=118.25.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
