JPYEUR trade ideas
Weekly EUR/JPY Forecast: Bearish Sentiment ExpectedAnalysis Overview
Over the past week, EUR/JPY has demonstrated significant bearish tendencies, indicating a potential downward trend in the upcoming week. While the longer-Timeframe analysis has shown strong bullish momentum, current market conditions and technical indicators suggest a reversal may be imminent.
Based on the current analysis, traders should prepare for a potential bearish movement in the EUR/JPY pair this week. Adjust trading strategies accordingly to capitalize on the anticipated downward trend.
EURJPY JULY 7TH EURJPY closed really bullish on the weekly from the previous week but on the daily timeframe we see signs of a pullback, if the market continues its bullish leg above resistance we could look to buy this pair but if it doesn't and breaks support we could be looking to sell
EURJPY Bearish ForecastHello there,
EURJPY has reached high peaks and may possibly turn bearish to fall on two bearish price zones (172.135 and 170.222) for a bias of 166.725.
Monitoring will be required due to conflicting price zones.
Happy Trading,
K.
EURJPY Weekly Analysis and OutlookEURJPY Weekly Analysis and Outlook
This week, the EURJPY pair is expected to undergo a significant price correction before resuming its upward movement. This deep correction phase indicates a potential retracement in the short term, offering a strategic opportunity for traders to reassess their positions.
Current Market Overview:
The EURJPY pair has been demonstrating strong upward momentum over the past few weeks. However, recent price action suggests that a correction phase is imminent. As the market opens we expect the price to move higher a little bit above the resistance zone and then drop back below resistance zone to find support near the key support zone. As the pair approaches key support levels, traders should closely monitor the price action to identify potential reversal points. This corrective movement is seen as a natural part of the broader bullish trend, allowing the market to consolidate gains before making another push higher.
Expectations and Potential Scenarios:
Upon completing the anticipated deep price correction, we expect the EURJPY pair to resume its upward trajectory. This correction phase could provide traders with a more favorable entry point for long positions, aligning with the broader bullish outlook.
Primary Expectation: After finding support during the correction phase, the price is likely to sustain its upward movement, potentially targeting higher resistance levels. This scenario would reinforce the bullish outlook, making it a favorable environment for long positions once the correction completes.
Alternative Scenario: If the price fails to find strong support during the correction and continues to fall, traders should be prepared for an extended pullback. This scenario might provide opportunities to reassess entry points at lower levels before the pair resumes its upward trend.
Conclusion:
In summary, the EURJPY pair is poised for a significant price correction in the coming week, followed by a resumption of its upward movement. Traders should watch for decisive support levels during the correction phase, which could serve as a catalyst for continued gains once the correction is complete. Maintaining awareness of both bullish and corrective scenarios will be crucial for effective trading strategies. Therefore our expectation on this pair remains neutral as both sides of seller and buyers could have equal chances of capitalizing on the price movement at different key levels as long as our forecast remains valid. Stay updated with market developments and adjust your positions accordingly.
By Piptera Digital Solutions,
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EUR-JPY Strong Uptrend! Buy!
Hello,Traders!
EUR-JPY is trading in an
Uptrend along the rising
Support line so after the
Retest we will be expecting
A further bullish continuation
Buy!
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EURJPY ShortsSee my USDJPY notes for fundamentals supporting the short. Taking this short after equal highs were swept after US holiday. Should see lower pricing with fundamentals and to mitigate the opening gap from last week.
EURJPY shorting oppertunityeurjpy showing resistance and tested two times , also having sell orderblock and fvg on 15 min.
EUR/JPY BEARISH BIAS RIGHT NOW| SHORT
Hello,Friends!
We are now examining the EUR/JPY pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 172.093 level.
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Short ideaWill be going short from here on, chasing lower imbalance daily showing signs of reversal. Please note this is not financial advice
EURJPY 5TH JULYSeeing EURJPY close as an indecision candle on the daily timeframe we can see that it formed a potential double top on the 4hr .
Trade Signal: EURJPY - SellDear Traders,
We have identified a trading opportunity on the EURJPY currency pair. Here are the details for the trade:
Direction: Sell
Enter Price: 173.221
Take Profit: 173.02666667
Stop Loss: 173.50466667
Our forecast is based on the analysis provided by the EASY Quantum Ai strategy. The prediction for a downward movement in EURJPY is supported by several key factors:
1. Technical Indicators: Our system has detected bearish signals from multiple technical indicators. These include moving averages converging towards a sell position and momentum indicators indicating a potential price drop.
2. Market Sentiment: There is a bearish sentiment among market participants, with many traders showing a preference for selling EURJPY. This negative sentiment is influenced by recent news and economic data that favors the Japanese Yen over the Euro.
3. Economic Data: Recent economic reports highlight a stronger performance in the Japanese economy compared to expectations, while the Eurozone is facing certain economic challenges. These discrepancies have added pressure on EURJPY, driving our forecast for a potential sell-off.
To summarize, the EURJPY trade forecast utilizes the sophisticated analytical capabilities of the EASY Quantum Ai strategy, which incorporates both technical and fundamental analysis to provide reliable trading signals.
Always remember to trade responsibly and adjust your trading size to match your risk tolerance.
Happy Trading!
EUR/JPY H4 | Bullish uptrend to continueEUR/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 173.67 which is a pullback support.
Stop loss is at 172.93 which is a level that lies underneath a pullback support.
Take profit is at 175.31 which is a level that aligns with the 100.0% Fibonacci projection level.
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EURJPYI think that this chart has reached the end of its path, that is, it has reached the end of its pattern point, and it should have a price drop from now on.
The price range of 175 has not been repeated since 2008
A price and resistance range is important
The price should return from this range and reach equilibrium
I am waiting for signs of collapse and selling
I enter after seeing the signs
EURJPY Trading Signal: BuyTraders,
We have a new trading signal for the EURJPY currency pair. Based on our analysis and the EASY Quantum Ai strategy, we recommend the following:
Direction: Buy
Enter Price: 174.486
Take Profit: 174.91733333
Stop Loss: 173.64733333
Analysis and Justification:
The EURJPY pair has shown a consistent uptrend over the past few trading sessions, fueled by strong economic indicators coming out of the Eurozone, including improved industrial production and positive sentiment in the financial markets. Moreover, the Japanese Yen has been experiencing weakness due to the Bank of Japan's dovish monetary policy stance.
Our EASY Quantum Ai strategy has identified this as an ideal buying opportunity based on the following factors:
1. Trend Analysis: The EURJPY is trading above significant moving averages, indicating a bullish trend.
2. Momentum: The momentum indicators are showing positive signals, suggesting that buying pressure is prevalent.
3. Sentiment: Market sentiment remains bullish for the Euro against the Yen, supported by macroeconomic trends and investor confidence.
We advise adhering strictly to the outlined entry, take profit, and stop loss levels to manage risk effectively.
Happy trading,
Your EASY Quantum Ai Team
Eur/Jpy Has Left The channel again but Will It Close Here?Look at this channel... And it is a channel!
It is more clear with a line chart showing closing prices.
Price keeps leaving this channel and has left it many times since 2022 , and never 1 time closed outside of this channel.
I do not believe this current price will close outside of this channel.
This leads me to believe that we should sell right now.
I know a sell seems impossible... but we have some evidence that price will not close here.
We have a sell signal on the 15min time frame.
I believe we can sell from here.
EURJPY 4TH JULY Seeing EURJPY close really bullish from yesterday and the 4hr structure is pushing to the upside we could see a retracement for a HL on the 4hr before a move higher
EURJPY FOR BEARISHLooking for this structure. Every new high will be the last top. Hope so. Trade carefully
EURJPY my analysis with "Financial Purge".A large zone from the monthly and the upper line of the parallel where it touches it once again and based on the volatility, my analysis is that we will have a drop here of at least 200 pips. It remains to be seen how the price will react in this zone!
EURJPY LONG SETUPAfter a bullish closure from yesterday, we can see the market broke 1hr trendline area of resistance but is still trading below 173.750 area of resistance. if price breaks the area we could look for further push to the upside for the day.
Trade Signal for EUR/JPY PairDirection: Sell
Enter Price: 171.056
Take Profit: 170.70833333
Stop Loss: 171.39733333
Dear Traders,
We have identified a promising short-selling opportunity for the EUR/JPY currency pair based on our analysis using the EASY Quantum Ai strategy. Here's a detailed breakdown of our forecast:
1. Technical Indicators: Our indicators signal an overbought condition in the EUR/JPY pair, suggesting a potential reversal. The RSI (Relative Strength Index) and Stochastic Oscillator point towards bearish divergence, indicating a downward movement is imminent.
2. Trend Analysis: The recent upward trend seems exhausted with consistent lower highs and a failure to breach resistance levels. The downward momentum is gaining strength, which aligns with our selling direction.
3. Market Sentiment: Sentiment analysis from various sources, including futures and options markets, shows an increase in bearish positioning on the EUR/JPY pair. The market participants’ outlook supports a sell-off in the near term.
4. Fundamental Factors: Diverging economic data between the Eurozone and Japan shows stronger economic resilience from Japan. This discrepancy is likely to exert downward pressure on the EUR/JPY pair.
Based on these comprehensive factors, we recommend entering a short position at 171.056 with a take profit target of 170.70833333 and a stop loss at 171.39733333 to manage risk effectively.
Please ensure to adjust your positions according to your risk management rules and follow any upcoming economic data that may impact the currency movement.
Happy Trading!
EASY Quantum Ai Strategy Team
