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: 178812, member: 58758"] [SIZE=7][B]EUR/JPY: TECHNICAL ANALYSIS 31.03.20[/B][/SIZE] [URL='https://atirox.com/wp-content/uploads/EURJPYH431032020.png'][IMG]https://atirox.com/wp-content/uploads/EURJPYH431032020.png[/IMG][/URL] [B]Current trend[/B] EUR/JPY quotes attempted to grow, but reaching 119.691 marks moved to a decline. If the sellers manage to decline the rate below the level of 119.141 (coincided with the middle line of Bollinger Bands on H1 chart), the downward movement can continue to the area of 118.750. This mark seems strong support, which can activate an upward rebound. However, the breakdown of this level can dive market to 118.300 and the 118.000 support-points. [B]Alternative scenario[/B] The upward rebound from 119.141 and pullback above 119.531 will let the price re-test the 119.691 resistance. One may speak about upward movement continuation after the price consolidates above the resistance level of 119.800 (middle line of Bollinger Bands on H4 chart). In this case, the next targets of buyers will be the area of 120.000-120.313 resistance. [B]Technical indicators[/B] The technical picture is mixed. Bollinger Bands are pointed downwards. MACD is growing in the negative zone. Stochastic is pointed upwards, reflecting the high possibility of upward movement formation. [B]Support and resistance[/B] Support levels: 119.141, 119.000, 118.750, 118.300. Resistance levels: 119.531, 119.800, 120.000, 120.313. [B]Trading recommendations[/B] Short positions can be opened below the level of 119.141 with the target at around 119.000-118.750 and stop-loss at 119.271. Long positions can be opened above the level of 119.800 with the target at around 120.000-120.100 and stop-loss at 119.700. [/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…