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.