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Eurjpyprediction

EURJPY Fundamental Analysis – August 26th 2019Here is the key factor to keep in mind today for Euro trades: German IFO: The German IFO Business Climate Index for August is predicted at 95.0. Forex traders can compare this to the German IFO Business Climate Index for July which was reported at 95.7. The German IFO Current Assessment Index for August is predicted at 98.8. Forex traders can compare this to the German IFO Current Assessment Index for July which was reported at 99.4. The German IFO Expectations Index for August is predicted at 91.8. Forex traders can compare this to the German IFO Expectations Index for July which was reported at 92.2. Here are the key factors to keep in mind today for Japanese Yen trades: Japanese Leading Index and Japanese Coincident Index: The Final Japanese Leading Index for June was reported at 93.3 and the Final Japanese Coincident Index was reported at 100.4. Forex traders can compare this to the previous Japanese Leading Index for June which was reported at 93.3 and to the previous Japanese Coincident Index which was reported at 100.4. Singapore Industrial Production: Singapore Industrial Production for July increased by 3.6% monthly and decreased by 0.4% annualized. Economists predicted a decrease of 1.8% and of 4.9%. Forex traders can compare this to Singapore Industrial Production for June which decreased by 0.3% monthly and by 8.1% annualized. Should price action for the EURJPY remain inside the or breakout above the 117.000 to 117.750 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 117.400 Take Profit Zone: 121.350 – 122.300 Stop Loss Level: 116.550 Should price action for the EURJPY breakdown below 116.550 the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 116.250 Take Profit Zone: 113.700 – 114.150 Stop Loss Level: 117.000
by PaxForex
EURJPY SYMMETRICAL TRIANGLE.EURJPY in Daily Time frame is Following symmetrical triangle we need to wait for breakout then we can buy this Pair. Note one think it can be broken Downside as well depend on market condition if it breaks downside then follow the rule of the symmetrical triangle. What is a symmetrical triangle? The symmetrical triangle is one of three important triangle patterns defined in classical technical analysis. The other two triangles are the bullish ascending triangle pattern and the bearish descending triangle pattern. The symmetrical triangle consists of a simultaneous downtrend and uptrend lines. Note: This is only for Educational Purpose this is not Investment advice. Please support the setup with your likes, comments and by following on Trading View. Share Our Chart on All Social Media. Thanks Adil Khan
Long
by Make_Money_Guru_Bitcoin
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