EUR/JPY – 1H – SELLThe pair Euro/Japanese Yen (EUR/JPY) jumps from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support line at will continue.
Caution: A possible reversal of the trend in the direction of resistance at 183.23 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The pair is likely to go down.
And also a ‘%K crosses below %D’ indicator signal is existing. The indicator shows ‘%K crosses below %D’. which is often a bearish chart scenario. The pair is likely to go down.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 182.707 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of support at 183.23 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Two Crows’ candlestick pattern is detected. The chart forms ‘Two Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 184.061 |
| 2nd High | 183.643 |
| Next High | 183.23 |
| Current Price | 183.02800 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
183.23 – 183.643 – 184.061 – 182.707 – 182.807 – 183.709 —
183.13100 – 183.24600 —
52.00892702799 – 57.15652577689 —
– —
183.23000 – 1767808800
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Two Crows – – – – – – – – –