The combination Euro/Japanese Yen (EUR/JPY) jumps from the bearish trendline downwards
A continuation of the downward movement downwards to the next support level at 186.753 is considered certain.
Caution: A possible change in the direction of the resistance line at 187.329 should always be considered.
Consider stop-loss settings accordingly.
And also a ‘StochOSC Hidden Bearish Divergence’ indicator layout is detected. The indicator shows ‘StochOSC Hidden Bearish Divergence’. In der Regel bedeutet das ein positives signal. Die Paarung wird wahrscheinlich steigen.
And also a ‘Collapsing Doji Star’ candle chart pattern is detected. The candles form ‘Collapsing Doji Star’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Collapsing Doji Star’ going down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 187.948 |
| 2nd High | 187.82 |
| Next High | 187.329 |
| Current Price | 187.15100 |
| Next Low | 186.753 |
| 2nd Low | 186.285 |
| 3rd Low | 186.112 |
187.329 – 187.088 – 187.048 – 186.753 – 186.285 – 186.31 —
187.22200 – 187.30400 —
52.406220640671 – 58.594154793305 —
– —
187.329 – 1776742200
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Collapsing Doji Star – – – – – – – – –