EURJPY daily technical analytics

[Polakandil]

EURJPY price is now in the range of 163,014, last weekend the price formed a bullish candlestick with a small body indicating the price is moving in the range, the Bollinger band drew a slight upward channel indicating an uptrend with moderate volatility.

In the daily timeframe, the price is now moving above the middle band line with an upward channel.

MA 50 below the price draws a flat channel, the downward trend fades somewhat. Meanwhile, the 200 MA above the price near the upper band draws a flat channel indicating a sideways market.

The RSI indicator shows a value of 57 with a flat channel, reflecting prices moving above the uptrend level.

 

[Polakandil]

EURJPY yesterday moved in a low range. even though it is drawing a bullish candle with a small body it indicates steady movement near 163,040.

In the daily timeframe the price is now moving below the upper band line. Bollinger bands draw an ascending channel with wide spacing indicating an uptrend with somewhat high volatility.

MA 50 below the middle band line draws a flat channel indicating a sideways market. Meanwhile, the 200 MA near the upper band line draws a flat channel indicating a sideways market.

The RSI indicator shows level 57, which means the price is above the uptrend level.

In the H1 timeframe, the price is now moving near the lower band line. Bollinger bands draw an ascending channel with wide band spacing indicating an uptrend with moderate volatility.

The 50 MA near the lower band is drawing an ascending channel, but the price is trying to cross the line from the upside.

The 200 MA is far below the lower band drawing an upward channel, indicating an uptrend market.

The RSI indicator on H1 shows level 41, which means the price is below the downtrend level.

 

[Polakandil]

EURJPY price is now around 162,058 on the FXOpen platform. The price is trying to draw a bearish candlestick near the middle band line.

In the daily timeframe, the EURJPY price is now slightly above the middle band line. Bollinger bands are still drawing an upward channel with rather wide band spacing indicating moderate market volatility.

The 50 MA has been giving a death cross signal since September by crossing the 200 MA from the upside. However, the MA line that is starting to draw a flat channel indicates a fading bearish trend. The 200 MA near the upper band line is also drawing a flat channel.

On the other hand, the RSI indicator shows a value of 52 with a downward channel, meaning the price is still above the uptrend level.

In the H1 timeframe, the price is now breaking the lower band line indicating increasing volatility. Bollinger bands drawing a flat channel are starting to expand.

MA 50 with a flat channel near the middle band line, while MA 200 near the upper band line draws a flat channel indicating a sideways market.

The RSI indicator points to level 35 with a descending channel, indicating the price is below the downtrend level.

 

[Polakandil]

EURJPY is still moving in the range between the upper and middle band lines. Bollinger bands draw a slight ascending channel on the daily timeframe with somewhat narrow band spacing reflecting low volatility.

MA50 near the lower band drawing a flat channel indicates a sideways market. Meanwhile, the 200 MA below the price draws a flat channel indicating a sideways market with an upward trend.

Yesterday the price formed a small bearish candle and is now drawing a bullish candle with a low of 165,332 and a high of 165,758.

The RSI indicator is used to measure overbought and oversold points to level 62 with a flat channel indicating a sideways market above the bullish level.

In the H1 timeframe the price moves within the band. Bollinger band squeeze indicates a flat market waiting for a breakout.

MA 50 and MA 200 are close together drawing a flat channel indicating a sideways market.

Meanwhile, the RSI indicator shows a value of 55 with an upward channel indicating that prices are moving above the bullish level.

 

[Polakandil]

EURJPY yesterday drew a small body bull's candle with shadows on the top and bottom of the candle. The price is now forming a bull candle with a low of 164,398 and a high of 165,013 moving near the middle band line.

On a daily timeframe, we can see the price still moving in the range bands. Bollinger bands draw a flat channel with deflating bands indicating lower market volatility.

MA 50 near the lower band draws a flat channel indicating a sideways market with greater bull than bearish potential. MA 200 draws a flat channel near the middle band line indicating a sideways market.

The RSI indicator which measures overbought and oversold levels shows level 36 with an upward channel, meaning the weight of bearish is greater than bullish with the potential for reversal.

In the H1 timeframe, the EURJPY price moves across the upper band line. Bollinger bands draw a flat channel with moderate band spacing indicating moderate market volatility.

MA 50 near the middle band line drawing a slight upward channel indicates an uptrend market. MA 200 below the price drawing a flat channel indicates a sideways market.

The RSI indicator shows level 63 with an upward channel, meaning the price is moving above the uptrend level.

 

[Polakandil]

EURJPY's price is now moving near the lower band line. Yesterday the price formed a bearish candle with a long body crossing the MA 50 from the upper side and making the Bollinger band expand indicating volatility rise.

in the daily timeframe, the price is now moving near the lower band and drawing a bearish candle with a shadow at the bottom candle.

MA 50 above the price draws an upward channel indicating an uptrend market. However, the price has crossed the MA line from the upside indicating a trend transition may occur. Meanwhile, the 200 MA draws a flat channel near the middle band line indicating a sideways market.

The RSI indicator shows level 39, meaning the price is moving below the downtrend level.

In the H1 timeframe, the EURJPY price is now moving near the lower band line. Here Bollinger bands draw a descending channel with the bands starting to deflate indicating a downtrend with falling volatility.

MA 50 near the upper band draws a descending channel indicating a downtrend, and MA 200 slightly above the upper band draws a flat channel indicating a sideways market.

The RSI indicator which measures overbought and oversold areas shows level 28, meaning the price has entered the oversold zone.