EUR/JPY – 30M – BUYThe combination Euro/Japanese Yen (EUR/JPY) breaks through the descending trendline upwards
The bullish trend up to the next resistance line at 183.318 is certain.
Caution: A possible counter-trend in the direction of the support zone at 182.807 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘StochRSI Bullish Divergence’ indicator signal is discovered. The indicator shows ‘StochRSI Bullish Divergence’. In der Regel bedeutet das ein positives chart signal. Das Paar wird voraussichtlich nach oben gehen.
Moreover a ‘Northern Doji’ candle pattern is detected. The candles show ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 184.422 |
| 2nd High | 184.061 |
| Next High | 183.318 |
| Current Price | 183.32400 |
| Next Low | 182.807 |
| 2nd Low | 182.196 |
| 3rd Low | 181.565 |
183.318 – 184.061 – 184.422 – 182.807 – 183.709 – 183.534 —
183.24400 – 183.21700 —
42.691871817573 – 47.540469571647 —
– —
183.31800 – 1767634200
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – – – – – – – – –