EUR/JPY – 30M – BUYBesides a ‘Double bottom chart pattern’ chart layout is discovered. The chart shows ‘Double bottom chart pattern’. which is a positive signal. The pair is likely to go up.
The pair Euro/Japanese Yen (EUR/JPY) breaks through the descending trendline upwards
An ascending movement up to the next resistance at 183.572 will continue.
Caution: A possible reversal of the trend in the direction of the support level at 183.082 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart scenario. The currency pair could go up.
Besides a ‘MACD crosses above signal’ indicator layout is discovered. The indicator is ‘MACD crosses above signal’. this is usually a bullish chart scenario. The currency pair could go up.
Besides a ‘RSI Hidden Bullish Divergence’ indicator layout is discovered. The indicator is ‘RSI Hidden Bullish Divergence’. this is usually a bullish chart scenario. The currency pair could go up.
Besides a ‘Three Outside Up’ candlestick pattern is found. The chart shows ‘Three Outside Up’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 186.869 |
| 2nd High | 183.766 |
| Next High | 183.572 |
| Current Price | 183.67100 |
| Next Low | 183.082 |
| 2nd Low | 182.57 |
| 3rd Low | 182.099 |
183.572 – 183.766 – 183.685 – 183.082 – 182.57 – 182.761 —
183.33900 – 183.46000 —
53.843475790098 – 51.746929813624 —
– —
183.57200 – 1769623200
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Outside Up – Double bottom chart pattern – – – – – – – –