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
Forex Discussions
Technical Analysis
Forex Market Commentary By TitanFX
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="titanfx, post: 110097, member: 33464"] [B][I]EURJPY – Euro Trend Overwhelmingly Negative Vs Yen; Fed Next [/I] Key Highlights [/B] • The Euro nosedived against the Japanese yen recently and formed a bearish trend. • The EURJPY pair during the downside cleared a major bullish trend line on the 4-hours chart. • Today, the Japanese Merchandise Trade Balance Total released by the Ministry of Finance posted a trade deficit of ¥-18.7B in August 2016. • The Adjusted Merchandise Trade Balance came in at ¥340.0B in August 2016. [B]EURJPY Technical Analysis[/B] The Euro faced a lot of selling pressure lately and traded down towards 113.50 versus the Japanese yen. The EURJPY broke several important supports to establish a downtrend in the short term. [IMG]https://titanfx.com/wp-content/uploads/2016/09/EURJPY-09.21.2016-768x401.png[/IMG] The EURJPY pair also settled below the 100 simple moving average on the 4-hours chart, which is a signal of things to follow. There was also a break below a major bullish trend line on the 4-hours chart. So, if the EURJPY pair corrects higher from the current levels, then the same broken trend line might provide offers. Moreover, the 38.2% Fib retracement level of the last drop from the 116.08 high to 113.45 low may also act as a resistance. ------------------------------------------- [B][I]Posted by Aayush Jindal - 'Titan FX Currency Analyst'[/I][/B] [/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…