Polakandil
Well-known member
EURJPY today price 142.634, the price formed bearish candle yesterday market.
EURJPY after reaching high and touching upper band level then bounces and drops to the middle band line.
Daily timeframe, now the price still above MA 14 although yesterday form bears candles, but the price formed new low by means there is downtrend pressure trying to control the market. n=Now the price still moves on trading range middle band and upper band zone line, not yet break or cross the line till now. While RSI level 57 indicates the uptrend.
H1 timeframe, the price in consolidation time, after drops heavily, now price at support zone level, and below MA 14 line means downtrend based indicator, next RSI level shows 38 indicates downtrend near oversold zone level.
Forex, CFDs are complex instruments and come with a high risk of losing
your money
EURJPY after reaching high and touching upper band level then bounces and drops to the middle band line.
Daily timeframe, now the price still above MA 14 although yesterday form bears candles, but the price formed new low by means there is downtrend pressure trying to control the market. n=Now the price still moves on trading range middle band and upper band zone line, not yet break or cross the line till now. While RSI level 57 indicates the uptrend.
H1 timeframe, the price in consolidation time, after drops heavily, now price at support zone level, and below MA 14 line means downtrend based indicator, next RSI level shows 38 indicates downtrend near oversold zone level.
Forex, CFDs are complex instruments and come with a high risk of losing
your money