The combination Euro/Japanese Yen (EUR/JPY) goes from the bearish trendline downwards
A continuation of the downward movement downwards to the next support line at is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 184.421 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The currency pair is likely to fall.
Additionally a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair is likely to fall.
Additionally a ‘StochOSC Hidden Bearish Divergence’ indicator signal is existing. The indicator shows ‘StochOSC Hidden Bearish Divergence’. which could be a negative chart signal. The currency pair is likely to fall.
Additionally a ‘Southern Doji’ candle pattern is existing. The chart forms ‘Southern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 184.768 |
| 2nd High | 184.493 |
| Next High | 184.421 |
| Current Price | 184.18000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
184.421 – 184.493 – 184.768 – 183.82 – 183.196 – 183.407 —
184.10900 – 184.29200 —
44.74960011269 – 51.570527067419 —
– —
184.421 – 1772121600
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Southern Doji – Symmetrical Triangle Chart Pattern – – – – – – – –