Some times the market displays price with certain patterns. On this daily eurjpy chart we are able to see consistent lower lows and lower highs. I expect price to retrace up to the upper bollinger band and then it might reverse and continue in its original direction. Remember that the bands contain price 90% of…

EURJPY is currently testing the descending channel support visible on the daily time frame. A bounce could take it back to the channel resistance near the 131.00 major psychological mark, which might be enough to let the downtrend resume. Drawing the Fibonacci levels based on the latest swing high and low shows that the top…

EURJPY recently broke below support at the 133.50 minor psychological mark then dipped to a low of 131.50 before pulling back up. Applying the Fibonacci retracement tool on the latest swing high and low reveals that the 38.2% level lines up with the broken support, which might hold as resistance. If so, price could drop…

Being fundamentaly bearish on the euro pair I would only consider shorts for swing trading. Two opportunities may arise where a retracement will be given until the 200 ma and then down to the 127.000 level or support will be broken with a strong move perhaps providing us with the now resistance level and then…

This chart was a little bid more volatile with clearer swings but moved also much sideways. A divergence on the stochatik can be spotted at the low of the day. If you like you can trade it as long as you are aware that you go against the 200ma. This would have been the best…

EURJPY made a break below its symmetrical triangle last week but is still stuck in consolidation. Price is now stalling around the bottom of the descending triangle on its daily time frame. Support is located at the 133.50 minor psychological level, with a break below this area likely to push EURJPY lower by an additional…

EURJPY is still moving inside the symmetrical triangle pattern on its 4-hour chart, as price just bounced off the bottom once more. Another test of the triangle resistance near the 136.00 major psychological resistance might take place since stochastic is indicating a return in buying momentum In addition, the 100 SMA is above the 200…

EURJPY has formed higher lows and lower highs, creating a symmetrical triangle pattern on its 4-hour chart. Price is testing the top of the triangle, still unsure whether to make a bounce or a break. A bullish pennant can be seen, hinting at the possibility of an upside breakout. Stochastic and RSI are both on…

In very simplistic terms if we use moving averages then we really might be willing to use them. They represent: 200 MA = Trend 21 and 55 MA = Market Direction 5 and 8 MA = Momentum of price So let us allign all the moving averages to profit from high probability moves trading short…

This eurjpy chart has the purpose of showing you how clean a chart can be compared to the eurusd chart on the same time frame shown on the previous analysis. A trader has to try to chose the more appealing chart with the clearer defined candles that should point into the desired direction. A the…

This chart is a second example for the previous chart explanation in how to take away doubt and stick to a logical trading plan. All the green arrows would provide you with an entry. The long bias and long only is established with the purple moving average. The crossing of the black and green moving…

This was definitely the best euro pair to trade today. We were given seven possible short opportunities which could have resulted in some nice profit. When scanning the charts before we trade it is always good to see the angle and seperation of the two bigger moving averages. If the first move of the day…

So I hope the pips have been with you if you traded FOMC. Let us concentrate now on the present and future price action. On this eurjpy chart we see clearly that price is over the two longer term moving averages. Price is also making higher highs and lows. It is also possible to see…

The eurjpy pair has the two bigger moving averages quite flat on this 1 hour chart. We deduce therefore that we are not in a strong trending mode for this pair. Also when price finds itself between the blue and purple moving averages it is a sign of indecision of price. Therefore we refer to…

Well having a look at this time frame the first thing that comes to my mind is that a lower low has been provided. This might be the first indication that the up trend might be over. Price has been rising since the 4th of September and might now be on its way to turn…

Well the market is always right and incorporates on the price all available information about the economies. The euryen currency has been moving higher since the 4th of September 2015. Price is now at resistance and likely to retrace before moving up. If you use moving averages the you surely too spotted the cross of…

This hourly EURJPY chart still shows some nice angle and seperation of the 200 and 55 moving averages. Therefore, as long as price is below those moving averages I do prefere to take short trades. It would be great if price retraces back to the resistance level where the 55 MA is situated and to…