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.