Polakandil
Well-known member
EURJPY price today at 156.411 on MT4 FXOpen. Prices from bullish candles for two consecutive days.
On the daily timeframe, the price moves above the lower band and far below the middle band. Here the Bollinger band expands, indicating increasing market volatility. The 50 MA is far above the price near the middle band line forming a flat channel with a sideways indication. On the other hand, RSI 37 means the price is below the downtrend level. The next resistance target is near the high of 157,700 with a support line near 154,000
In the H1 timeframe, the price moves near the upper band, and here the Bollinger band expands, indicating increasing market volatility. The 50 MA below the price forms a descending channel with a flat trend transition. Meanwhile, the RSI is at level 64, meaning the price is above the uptrend level.
Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.
On the daily timeframe, the price moves above the lower band and far below the middle band. Here the Bollinger band expands, indicating increasing market volatility. The 50 MA is far above the price near the middle band line forming a flat channel with a sideways indication. On the other hand, RSI 37 means the price is below the downtrend level. The next resistance target is near the high of 157,700 with a support line near 154,000
In the H1 timeframe, the price moves near the upper band, and here the Bollinger band expands, indicating increasing market volatility. The 50 MA below the price forms a descending channel with a flat trend transition. Meanwhile, the RSI is at level 64, meaning the price is above the uptrend level.
Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.