Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Advertisements
Advertisements
Atirox.com - Daily Analysis
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="andy.atx, post: 175806, member: 58758"] [SIZE=7][B]EUR/JPY: TECHNICAL ANALYSIS 20.01.20[/B][/SIZE] [URL='https://atirox.com/wp-content/uploads/EURJPYH420012020..png'][IMG]https://atirox.com/wp-content/uploads/EURJPYH420012020..png[/IMG][/URL] [B]Current trend[/B] On the 4-hour chart, the instrument is correcting up from the lower line of the Bollinger Bands (122.102) and is testing the resistance 122.266. The area of 122.266-122.305 can activate a downward reverse of the price, while its breakout will give a prospect of growth to the 122.474 resistance. This level is coincided with the middle line of Bollinger Bands and seems a key target of the upward correction. The decisive break of 122.474 is needed to indicate the upward trend resumption. In this case, the next targets of buyers will be the area of levels 122.656-122.820. [B]Alternative scenario[/B] The downward rebound from 122.266 and pullback below 122.102 will be a signal for downward trend resumption and let the price decline to the 121.875 support. This level will be a key sellers' target for the short-term period. There is a high chance of an upward rebound. However, the decisive breakdown of 121.875 can accelerate the pair towards 121.600- 121.484 support line. [B]Technical indicators[/B] Technical indicators mostly keep a sell signal, but the upward correction is possible in the short term. Bollinger Bands are pointed downwards. MACD volumes are decreasing in the positive zone. Stochastic has left the oversold area and is pointed upwards, reflecting the high possibility of upward movement formation. [B]Support and resistance[/B] Support levels: 122.102, 121.875, 121.600, 121.484. Resistance levels: 122.266, 122.474, 122.656, 122.820. [B]Trading recommendations[/B] Short positions can be opened below the level of 122.102 with the target at around 121.875 and stop-loss at 122.177. Long positions can be opened above the level of 122.266 with the target at around 122.474 and stop-loss at 122.190. [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…