Also there is a ‘Double top chart pattern’ chart pattern is detected. The chart picture shows ‘Double top chart pattern’. this is a bearish chart scenario. The currency pair is likely to go down.
The combination Euro/Japanese Yen (EUR/JPY) jumps from the ascending trendline down.
The bearish trend down to the next support level at 181.12 will continue.
Caution: A possible trend reversal in the direction of resistance at 182.004 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The pair is likely to go down.
Also there is a ‘MACD crosses below signal’ indicator layout is discovered. The indicator shows ‘MACD crosses below signal’. which could be a negative chart signal. The pair is likely to go down.
Also there is a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 182.532 |
| 2nd High | 182.294 |
| Next High | 182.004 |
| Current Price | 181.63700 |
| Next Low | 181.12 |
| 2nd Low | 180.801 |
| 3rd Low | 180.49 |
182.004 – 182.294 – 182.278 – 181.695 – 181.12 – 181.241 —
181.94100 – 182.07200 —
56.552279192362 – 62.687009969048 —
– —
182.004 – 1771268400
Trading Signals: FOREX – EUR – EUR/JPY – JPY – – Double top chart pattern – – – – – – – –