Good afternoon, dear investors and colleagues traders!
Your attention an analytical review:#EURJPY / #EURJPY#1
•Technical analysis:
H1 (Technical) -H4 (indicative).
The currency pair is stabilizing above 119.40-119.80.
At the moment, the euro has already passed the resistance of the downtrend and is now consolidating at 120.60 (38.2% Fibo).
Considering that the USA is off on Friday, the main movements will have to take place from Monday to Thursday inclusive, which may slightly increase the volatility this week.
The euro as a whole smoothly changes the direction of the price direction, which is displayed on all currency pairs, to a greater or lesser extent, stabilization at the lower boundary of the global trend is an additional signal for the euro to reverse against the yen.
Support and Resistance Levels:
a) Support: 120.00, 119.40 and 118.30.
b) Resistance: 121.10, 122.05 and 122.50.
Indicative analysis provides the following information:
1. The currency pair is in the normal zone in terms of overbought / oversold, but comes close to the overbought zone.
2. The price behavior indicator shows that the price is moving within the normal movement with respect to the 4-day trend, but also approaches the lower border.
= ≥ There are no distortions in the current movements, but we approach them.
•Trading scenarios:
--- Bullish (Most Probable):
It is he who is currently being implemented. The currency pair was able to go up to the triangle and gain a foothold above.
In this case, the weekly target based on the average volatility is: 122.00
--- Bearish (Least Probable):
The price is fixed below the global zone of support, in which case we will see the potential fall of the currency pair to 118.50.
•Global Variables:
Quarterly = 260 points.
(Inversion of volatility has disappeared);
• Trends:
SMA (55,100,200) continue to grow.
• Range Ratio: 178 points (Drop from 274 points).
Best regards to followers,
"Wermelgion & Partners"
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion & Co” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
Your attention an analytical review:#EURJPY / #EURJPY#1
•Technical analysis:
H1 (Technical) -H4 (indicative).
The currency pair is stabilizing above 119.40-119.80.
At the moment, the euro has already passed the resistance of the downtrend and is now consolidating at 120.60 (38.2% Fibo).
Considering that the USA is off on Friday, the main movements will have to take place from Monday to Thursday inclusive, which may slightly increase the volatility this week.
The euro as a whole smoothly changes the direction of the price direction, which is displayed on all currency pairs, to a greater or lesser extent, stabilization at the lower boundary of the global trend is an additional signal for the euro to reverse against the yen.
Support and Resistance Levels:
a) Support: 120.00, 119.40 and 118.30.
b) Resistance: 121.10, 122.05 and 122.50.
Indicative analysis provides the following information:
1. The currency pair is in the normal zone in terms of overbought / oversold, but comes close to the overbought zone.
2. The price behavior indicator shows that the price is moving within the normal movement with respect to the 4-day trend, but also approaches the lower border.
= ≥ There are no distortions in the current movements, but we approach them.
•Trading scenarios:
--- Bullish (Most Probable):
It is he who is currently being implemented. The currency pair was able to go up to the triangle and gain a foothold above.
In this case, the weekly target based on the average volatility is: 122.00
--- Bearish (Least Probable):
The price is fixed below the global zone of support, in which case we will see the potential fall of the currency pair to 118.50.
•Global Variables:
Quarterly = 260 points.
(Inversion of volatility has disappeared);
• Trends:
SMA (55,100,200) continue to grow.
• Range Ratio: 178 points (Drop from 274 points).
Best regards to followers,
"Wermelgion & Partners"
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion & Co” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.