Get started

Euroyen

Euro - Yen fallingThe Euro has lost strength vs the Dollar and the Yen. It has arrived the zone which I think could be the next turning level. On the upside (129) it´s swing trend level and on the downside it´s the fib retracement 61.8% of downgoing fib at 123. If the price falls even beyond this zone the EW-analysis would be wrong (because 4 can´t be lower than 1). To confirm this analysis the price of this pair should turn within this zone. If it does the pair would enter the fifth motive wave heading no new highs (140 - 150).
Short
by Luettis
EUR/JPY - Bear Feast & Hunting SeasonYEN pairs seem to be showing the possibility to strengthen considerably against all majors. Technically speaking, EUR, GBP & USD all fade against the all mighty YEN. This can only mean one thing: risk-off period. Bears coming out again for another dip. EUR/JPY Technicals: - Larger degree correction still leaves room for more down-side. - Ending Diagonal developing - Bearish Harmonic approaching fibs - Fibs Extensions coming - EW Patterns almost complete Please like and share if you found this view useful. Thanks. Many pips ahead! *If you like what you see then please visit the website.
Short
by Lionheart-EWA
5
Euro - Yen forecastAn interesting chart for the EURO - YEN pair. The pair is within a symmetrical triangle - the upper side the beginning in 2009, the lower side the beginning in 2012. In 2014 the price touched the upper side - this was the beginning of the ABC-correction. In 2016 it tested several times the lower side before climbing up to the peak of wave 1 of the motive waves. Wave 2 tested the lower side another time in 2017 before climbing to the upper side of the triangle - forming the turning point of wave 3. Actually we´re in wave 4 - perhaps it´ll continues to lower prices before turning and rising again (area marked with a rectangle). The next rise will be wave 5 and this wave will lead the price out of the triangle, breaking also resistance at 61.8% (139 Yen to Euro) and leading to a new hight. I´ve marked the target area with a circle. Indicators: RSI: in bearish zone and perhaps shortly before crossing the trend to bottom ADX: neutral Projection for currencies are more risky than for equities - statisticly 80% are wrong! Stop : If the pair is leaving the triangle to the bottom and / or is breaking the support of upgoing fib retracement 38.2% (120JPY).
Long
by Luettis
EURJPY weekly update:Total profit 4198 pips in 17 daysTotal Profit: 4198 pip Closed trade(s): 766 pip Profit Open trade(s): 3432 pip Profit Trade Setup: We opened 11 SELL trade(s) @ 134.06 (day close price) based on 'Peak' at 2018.02.07 signaled by our "Daily Trading Opportunity" . Closed Profit: TP1 @ 133.25 touched at 2018.02.08 with 82 pip Profit. TP2 @ 131.65 touched at 2018.02.14 with 242 pip Profit. TP3 @ 129.65 touched at 2018.03.02 with 442 pip Profit. 82 + 242 + 442 = 766 pip Open Profit: Profit for one trade is 134.06(open price) - 129.78(current price) = 429 pip 8 trade(s) still open, therefore total profit for open trade(s) is 429 x 8 = 3432 pip
Short
by ForecastCity
EUR/JPY down by 1.19%Daily outlook: EUR/JPY down by 1.19% Contrary to expectations, the Euro broke out from a symmetrical triangle in the downside direction. In the process, the currency rate managed to bypass the medium-term ascending channel’s bottom trend-line, the monthly PP and R1 and the weekly S1 and S2. Even though 70% of traders continue to remain bearish on this currency pair, a number of technical indicators suggest that the 128.80 mark represents a point, where the rate became oversold. Due to that, the Euro might restore some of the lost positions and surge towards the above weekly S1 at 129.45. However, this climb upstairs is expected to have a short-term effect, as majority of traders continue to hold short positions. Moreover, now the rate is located below the 55-, 100- and 200-hour SMAs, which will exercise additional pressure and compromise any attempts to clear a path to the top.
by UnknownUnicorn890690
Breather for previous Euro strength, renowned strength of YenLast week's last trading day, we've seen the Euro -- after its extensive pushes -- take a rest before any possible strengths to come. Along with this was Yen's upside push due to impressive economic data. As drawn, which is best viewed at 1-hour chart, we can see that prices have fallen below the 200 sma (I use this as a basis for possible early entry for trend reversals) after forming a double top at the weekly resistance. As shown at the 1-hour chart, EURJPY have been continuously stomping towards the bottom of the ascending trend line. Breakage of this may result to a revisit of the broken descending trend line (after it breaks the temporary resistance around 122.60 area).
Short
by bearvsbullmarket
1
EURJPY - Trade of the WeekHey Traderz! Today, I have found a very good setup. Now, I already have a long position - for testing purposes. What I see is the following: On Monthly Chart there is a huge double bottom Both Weekly and Daily Chart provides information of going long on this pair We know that Euro has overachieved almost every G10 currency with an advance of 6%+ this year Technical patterns show Euro preparing for something big - on EURUSD as well One thing though, even if I am right - before a huge movement that I expect, there will be a big retracement as well - the position that I took might be a loss, but I am planning to have it as long as possible, so what you see on the chart might not show the reality, hence I will update you all the time!
by adamnkiss
$EURJPY | Strong Buy Signal | Targets DefinedHello Traders, EURJPY is giving us a strong buy signal with the following targets defined. Red Line = 125.572 Very High Probability Target Blue Line = 126.289 High Probability Target Orange Line = 126.893 Medium Probability Target An aggressive entry would be now with the defined stop loss of 120.540, a more conservative entry would be the break of the most recent high of 123.825. More updates to come along as this trade develops. Best, Chartistry
Long
by GWaves