Indicator Signal
- RSI Buy
- MACD Sell
- MA(200) Buy
- Fractals Neutral
- Parabolic SAR Buy
- Bollinger Bands Neutral
Chart Analysis
On the daily timeframe, EURJPY: D1 could not break down the medium-term neutral range. Now it is trying to reach to its upper border, but still needs to overcome the resistance line of the short-term trend at the beginning. A number of technical analysis indicators have formed signals for a further increase. We do not exclude bullish movement if EURJPY rises above the 200-day moving average line and above the upper Bollinger line: 121.4. This level can be used as an entry point. The stop loss is possible below the Parabolic signal, the lower Bollinger line and the low since April 2017: 115.8. After opening the pending order, we move the stop loss following the signals of Bollinger and Parabolic to the next fractal minimum. Thus, we change the potential profit / loss ratio in our favor. After the transaction, the most risk-averse traders can change to a four-hour chart and set a stop loss, moving it in the direction of movement. If the price overcomes the stop level (115.8) without activating the order (121.4), it is recommended to delete the order: market sustains internal changes that have not been taken into account.
Fundamental Analysis
In this review, we want to present you a chart of a currency pair euro/Japanese yen. Will the EURJPY quotes grow ?