pepy Posted October 5, 2016 Author Share Posted October 5, 2016 The 1 hour graphical chart shown us that the price of EURJPY on 1 hour chart successfully break EMA100 and the middle band also closed above. With this the pair seems likely to be bullish, and not just that RSI and Stochastic seems signalling bullish sentiment with rise to level 67 and 79. MACD still bearish in the red zone, but Parabolic SAR is below the price. Based on that the prediction is bullish with resistance at 115.76 Quote Link to comment Share on other sites More sharing options...
pepy Posted October 8, 2016 Author Share Posted October 8, 2016 EURJPY on 4 hour chart saw the price formed bearish engulfing pattern and the price is able to break the lower band and closed below also EMA100 got a breakout. RSI in this chart seems fall to around level 33 and Stochastic seems fall to around level 12. Parabolic SAR and MACD are also show the bearish indication for this pair and based on all of this analysis the price is predicted to be bearish with the next support at 115.00 Quote Link to comment Share on other sites More sharing options...
pepy Posted October 12, 2016 Author Share Posted October 12, 2016 EURJPY based on 1 hour time frame chart shown that the price is able to break EMA100 and closed below. The price is also opened below pivot line today and still drift further away. RSI(14) in this chart observed to fall down at level 36 while Stochastic(5,3,3) observed to fall down to level 38. Parabolic SAR in this chart is bearish. So overall based on the analysis, this pair's price expected to be bearish with support at 113.63 Quote Link to comment Share on other sites More sharing options...
pepy Posted October 18, 2016 Author Share Posted October 18, 2016 EURJPY on 30 minutes chart face the resistance at 114.64 and failed to break it also an upper band channel. Stochastic(5,3,3) and RSI(14) in this chart fall to level 60 and level 59 respectively. MACD formed lower lows and Parabolic SAR is moving above the current price. Based on the fact above i think this pair maybe bearish and fall to around 114.06 Quote Link to comment Share on other sites More sharing options...
pepy Posted October 19, 2016 Author Share Posted October 19, 2016 EURJPY on 1 hour chart this evening seems under bearish sentiment with the price is keep moving below EMA100 and Parabolic SAR. The price is also opened below pivot level while RSI(14) fall down to around level 19 which is oversold while Stochastic(5,3,3) fall to around level 25. MACD(12,26,9) formed lower low. Based on that all this pair seems to be bearish with support at 113.00 Quote Link to comment Share on other sites More sharing options...
pepy Posted October 21, 2016 Author Share Posted October 21, 2016 EURJPY on 1 hour chart observed to be bearish with EMA100 and PSAR are moving above the price. RSI in this chart also fall down to around level 25 and Stochastic which fall to around level 34. MACD(12,26,9) observed to be bearish with formed lower low on the red zone. Based on the analysis above this pair tend to fall and have support at around 113.05 Quote Link to comment Share on other sites More sharing options...
pepy Posted October 24, 2016 Author Share Posted October 24, 2016 On 1 hour chart it seems that EURJPY's price seems to be under pressure from seller and the price is under middle band channel and Parabolic SAR with the price successfully closed below. MACD in this chart formed higher low on the red zone, while RSI(14) and Stochastic(5,3,3) both fall down to level 42 and 48. So i think based on the analysis above, this pair expected to be bearish with support at 122.68 Quote Link to comment Share on other sites More sharing options...
pepy Posted October 25, 2016 Author Share Posted October 25, 2016 Doji seems formed on EURJPY at 1 hour time frame chart where the price of this pair seems failed to break the upper band channel. The candle before formed the bearish engulfing pattern where the price is below the lowest doji. RSI(14) and Stochastic(5,3,3) fall to around level 65 and 76 where MACD(12,26,9) seems formed higher low. It seems this pair expected to be bearish with target at 112.89 Quote Link to comment Share on other sites More sharing options...
pepy Posted October 27, 2016 Author Share Posted October 27, 2016 On 1 hour time frame chart the price seems failed to test EMA100 and EMA50 and the price closed above. With the price moving above the sentiment for buyer is bigger than seller. RSI(14) seems rise to level 61 while Stochastic(5,3,3) rise to level 72. MACD in this chart formed lower high but still on green zone. Based on that this pair expected to be bullish with resistance at 114.37 Quote Link to comment Share on other sites More sharing options...
pepy Posted October 28, 2016 Author Share Posted October 28, 2016 On h4 chart it seems that EURJPY may under bullish sentiment, especially after i see most of the indicators are bullish. RSI in this chart rise to level 69, so do Stochastic which rise to level 45. MACD(12,26,9) also formed higher high on green zone. Parabolic SAR is moving above the price but EMA50 is above the current price. The conclusion for this pair is bullish with target estimation at 114.905 Quote Link to comment Share on other sites More sharing options...
pepy Posted October 31, 2016 Author Share Posted October 31, 2016 With bull wedge pattern spotted and previous big white candle on 30 minutes chart, it seems that EURJPY will be under bullish pressure. The price also has been opened above pivot line which make it more stronger technically. RSI(14), Stochastic(5,3,3), MACD(12,26,9) are also showing the bullish signal for this pair, only PSAR which is bearish. So, the conclusion is bullish with the next target at 115.32 Quote Link to comment Share on other sites More sharing options...
pepy Posted November 1, 2016 Author Share Posted November 1, 2016 A rejection from EMA 100 and EMA50 is clear in this chart. EURJPY also fall deeper and since bearish wedge pattern formed here. RSI and Stochastic also support this bearish sentiment with fall towards 46 and 57 respectively. MACD formed lower low formation. So based on the analysis, the price of EURJPY may fall down towards support at 114.57 Quote Link to comment Share on other sites More sharing options...
pepy Posted November 5, 2016 Author Share Posted November 5, 2016 EURJPY on H1 chart showing the bearish trend where the price failed to continue the strengthening position of this pair. Price now below EMA10, Pivot and Parabolic SAR. RSI seems fall to around level 45 while Stochastic(5,3,3) fall down to around level 25. Based on the chart and analysis above, this pair expected to be bearish with support at 114.00 Quote Link to comment Share on other sites More sharing options...
pepy Posted November 12, 2016 Author Share Posted November 12, 2016 On H4 chart it seems that EURJPY is under bullish sentiment and rebound after formed morning star formation, also overall it seems right now that Bullish Wedge Pattern formed. This indicate that EURJPY will rise to higher price especially with RSI and Stoch which both rise to 52 and 40, while MACD here formed higher high. Based on that, this pair expected to be bullish with resistance at 116.57 Quote Link to comment Share on other sites More sharing options...
pepy Posted November 29, 2016 Author Share Posted November 29, 2016 EURJPY on 30 minutes formed bearish engulfing pattern with evening star formed before that. The consequences is EMA100 got a breakout and so do lower band. MACD formed lower lows also RSI and Stochastic both fall towards 42 and 58 respectively. Based on the chart above, this pair expected to fall towards 118.00 Quote Link to comment Share on other sites More sharing options...
pepy Posted December 12, 2016 Author Share Posted December 12, 2016 EMA100 successfully rejected the price twice and it still moving above pivot and EMA100. This indicated for further bullish stance, while Parabolic SAR is still moving above the line. RSI and Stochastic observed both rose to around level 54 and level 70 respectively. Meanwhile MACD formed higher high position. By assuming that facts, then EURJPY may rise towards the resistance at 122.10 Quote Link to comment Share on other sites More sharing options...
pepy Posted December 19, 2016 Author Share Posted December 19, 2016 EURJPY downside movement today has reached the support level at 122.84, bullish engulfing patter which formed before uplift the price and provides the opportunity for prices to rebound back towards pivot at 123.23 and may continue towards the resistance at 123.63. But if that happens is broken support, then the price has the potential to continue moving down the slope to 1st support at 122.44 Quote Link to comment Share on other sites More sharing options...
pepy Posted January 5, 2017 Author Share Posted January 5, 2017 Price successfully break the support level and closed below pivot. EURJPY on H1 chart also observed to formed a bearish engulfing pattern which help this. RSI, Stochastic, EMA100, and Parabolic SAR all formed a bearish signal indicated the further bearish sentiment. Based on my analysis this pair has chance to reach the next support at 122.10 Quote Link to comment Share on other sites More sharing options...
pepy Posted January 14, 2017 Author Share Posted January 14, 2017 Currently based on H4 chart, EURJPY actually is above the bearish channel, but it seems there is no power that pushed prices to continue strengthening. If this condition continues, it is unlikely the price will go back into the channel and it will open up opportunities for the movement from pivot at 121.74 to 121.19 which act as support. Quote Link to comment Share on other sites More sharing options...
pepy Posted February 14, 2017 Author Share Posted February 14, 2017 It seems the price on 1 hour time frame chart still pressured by Parabolic SAR especially with the shooting star with long wick after rejection by pivot line. The current price is below pivot which indicated more bearish pressure. RSI and Stoch both fall down to lower level indicating another bearish sentiment, MACD on the other hand is not. So by the current condition i expect this EURJPY to fall up to around 120.00 Quote Link to comment Share on other sites More sharing options...
pepy Posted February 15, 2017 Author Share Posted February 15, 2017 Based on 30 minutes chart of EURJPY, bearish candlestick formed and successfully broke the lower band channel and closed below. By the current condition this pair has bigger potency to fall deeper towards the next support especially with leading indicators such as RSI and Stochastic both fall down. For me the next target is at 120.20 Quote Link to comment Share on other sites More sharing options...
pepy Posted June 22, 2017 Author Share Posted June 22, 2017 Hammer formed and followed by strong bullish candle, this means a great signal for reversal considering that this pair failed to break the 1st support. But We need to be careful because overall the trend is sideways. EURJPY right now is trying to break pivot line and if able to break it will rise up to 124.45 but if failed will fall back once again towards 1st support at 123.86 Quote Link to comment Share on other sites More sharing options...
pepy Posted June 23, 2017 Author Share Posted June 23, 2017 Shooting star and overbought by RSI is a strong indicator here, Stochastic seems a bit sideways. Price according to my analysis may fall deeper as there won't be any news that might render it. Also right now the price is testing EMA50 and if break it successfully EURJPY has better chance to fall down further up to 123.95 on 1 hour chart. Quote Link to comment Share on other sites More sharing options...
pepy Posted September 13, 2017 Author Share Posted September 13, 2017 EURJPY based on 1-hour chart still hold its position around EMA100, and still show a potential to break it signaling that there is a strong bullish potential which may happen, considering that Stochastic will rise to around level 62 and RSI is located at around level 54. The conclusion is EURJPY may strengthening towards the support at 131.25 Quote Link to comment Share on other sites More sharing options...
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