Category: EURJPY

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EURJPY Weekly Forex Forecast 10th December to 16th December by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 124.60, beginning of uptrend is expected.
We make sure when the resistance at 130.15 breaks.
If the support at 124.60 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:

The symmetrical triangle taking shape and as a continuation pattern suggests we will soon see another leg lower if price breaks and closes below the uptrend line of the triangle.
While the RSI resistance #1 at 54 is not broken, the probability of price increase would be too low.
A peak is formed in daily chart at 129.31 on 11/29/2018, so more losses to support(s) 127.50, 126.65, 125.55 and minimum to Major Support (124.60) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 50.

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EURJPY Weekly Forex Forecast 2nd December to 8th December by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 124.60, beginning of uptrend is expected.
We make sure when the resistance at 130.15 breaks.
If the support at 124.60 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:

The symmetrical triangle taking shape and as a continuation pattern suggests we will soon see another leg lower if price breaks and closes below the uptrend line of the triangle.
While the RSI resistance #1 at 54 is not broken, the probability of price increase would be too low.
A trough is formed in daily chart at 127.50 on 11/13/2018, so more gains to resistance(s) 129.10 and maximum to Major Resistance (130.15) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 47.

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EURJPY Weekly Forex Forecast 25th November to 1st December by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 124.60, beginning of uptrend is expected.
We make sure when the resistance at 130.15 breaks.
If the support at 124.60 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:

The symmetrical triangle taking shape and as a continuation pattern suggests we will soon see another leg lower if price breaks and closes below the uptrend line of the triangle.
A peak is formed in daily chart at 130.15 on 11/07/2018, so more losses to support(s) 127.50, 126.65, 125.55 and minimum to Major Support (124.60) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 43.

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EURJPY Weekly Forex Forecast 18th November to 24th November by yshashmi37 on TradingView.com

Midterm forecast:

While the price is above the support 124.60, beginning of uptrend is expected.
We make sure when the resistance at 133.10 breaks.
If the support at 124.60 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:

A peak is formed in daily chart at 130.15 on 11/07/2018, so more losses to support(s) 127.50, 126.65, 125.80 and minimum to Major Support (124.60) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 48.

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EURJPY Weekly Forex Forecast 12th November to 18th November by yshashmi37 on TradingView.com

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast beginning of downtrend.
Technical analysis:

A peak is formed in daily chart at 130.15 on 11/07/2018, so more losses to support(s) 128.50, 127.15, 125.80 and more depths is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 47.

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EURJPY Weekly Forex Forecast 20th October to 26th October by yshashmi37 on TradingView.com

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast beginning of downtrend.
Technical analysis:

The RSI support #1 at 47 is broken, so the probability of beginning of downtrend is increased.
A peak is formed in daily chart at 130.30 on 10/16/2018, so more losses to support(s) 128.50, 127.15, 125.80 and more depths is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 46.

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EURJPY by yshashmi37 on TradingView.com

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast beginning of downtrend.
Technical analysis:

The RSI support #1 at 47 is broken, so the probability of beginning of downtrend is increased.
A peak is formed in daily chart at 133.10 on 09/21/2018, so more losses to support(s) 128.50, 127.15, 125.80 and more depths is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 43.

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EURJPY Weekly Forex Forecast 7th October to 13th October by yshashmi37 on TradingView.com

Midterm forecast:

129.95 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:

The RSI bounced from the resistance #1 at 68 and it prevented price from more gains.
While the RSI support #2 at 47 is not broken, the probability of price decrease would be too low.
A peak is formed in daily chart at 133.10 on 09/21/2018, so more losses minimum to Major Support (129.95) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 51.

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EURJPY Weekly Forex Forecast 30 September to 6th October by yshashmi37 on TradingView.com

Midterm forecast:

129.95 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:

The RSI bounced from the resistance #1 at 68 and it prevented price from more gains.
A peak is formed in daily chart at 133.10 on 09/21/2018, so more losses to support(s) 131.65 and minimum to Major Support (129.95) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 60.

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EURJPY Weekly Forex Forecast 22rd September To 29th September by yshashmi37 on TradingView.com

Midterm forecast:

130.90 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:

The RSI bounced from the downtrend #1 and it prevented price from more gains.
A trough is formed in daily chart at 127.85 on 09/10/2018, so more gains to resistance(s) 133.50, 137.50, 141.15 and more heights is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 66.