Forex VPS
Link https://www.cryptoder.com/en
Forex VPS
ForexFunction Logo

"Forex trading involves a high level of risk"

Forex VPS
 Forex Live Heat Map |  Market Comments |  Technical Indicator Signals |  Cross Pair Rates |  Live Spread |  Live Charts |  Daily Pivot Points

EUR/JPY hanging man needs confirmation & so as hammer pattern:FxWirePro | February 27, 2018



Print PDF

EUR/JPY hanging man needs confirmation in major trend & so as hammer in minor trend:



Chart and candlestick pattern formed -



Bearish RSI divergence since March’2017 (refer monthly chart).



The bulls struggle for momentum despite the breaking-out stiff resistance of 131.415 levels (daily plotting).



Hammer pattern candles have occurred at 131.399 and 131.659 levels (daily plotting).



These bullish patterns have taken off the rallies ever since then but restrained below DMAs (daily plotting).



For now, the shooting stars counter-rallies, while both leading indicators still signal selling pressures (refer daily plotting).



The consolidation phase breaches 61.8% Fibonacci retracements but could not sustain, hanging man patterns appear at this stiff resistance zone to signal the previous uptrend seems to be exhausted.



Consequently, these bearish patterns signal weakness as the leading oscillators indicate overbought pressures while lagging indicators are yet to confirm this bearish indication.



One can easily make out the RSI evidences the bearish divergence to the price rallies so far, while fast stochastic curves pop up with %D crossover to signal intensified selling momentum.



Momentum oscillators on both timeframes have been indecisive but pop up overbought pressures, whereas the trend indicators on major trend are still bulls' favor.



Trade tips: On trading perspective, it is advisable to buy boundary binaries using upper strikes at 132.340 and lower strikes at 131.659 levels, the strategy is likely to fetch leveraged yields as long as underlying spot FX remains between these two strikes before the binary expiry duration.



Currency Strength Index: FxWirePro's hourly EUR spot index is flashing at 45 levels (which is bullish ), while hourly JPY spot index was at 102 (highly bullish ) while articulating at 07:46 GMT  



Submit Your Comments:

 Forex Trading VPS


FOREX VPS FOR TRADERS

FF FOREX VPS
Windows 2012R2/2016 | Server Location Amsterdam, France, Canada | Low Latency From Brokers| Super Fast Trading Experience | All types of EA supported | 3 Days Money Back Guarantee

Plan NameBuy Link CPU RAM Disk BandWidth Price (Montly)Price (Quarterly)Price (Semi-Annually )Price (Annually) InstallationBackUpSetup Fee
ECO-01 buy now1 Core 756MB 18GB Unmetered $4.99/M$4.49/M$3.99/M $2.99/M MT4 Pre-InstalledYesFree
ECO-02 buy now 1 Core 1GB 22GB Unmetered $5.99/M$5.49/M$4.99/M $3.99/M MT4 Pre-InstalledYesFree
ECO-03buy now 2 Core 2GB 30GB Unmetered $9.99/M$9.49/M$8.99/M$7.99/M MT4 Pre-InstalledYesFree
ECO-04 buy now2 Core 3GB 32GB Unmetered $13.99/M$13.49/M$12.99/M $11.99/M MT4 Pre-InstalledYesFree
ECO-05buy now 3 Core 4GB 40GB Unmetered $17.99/M $17.49/M$16.99/M$15.99/MMT4 Pre-InstalledYesFree
ECO-06 buy now 3 Core 5GB 45GB Unmetered$21.99/M $21.49/M$20.99/M$19.99/MMT4 Pre-InstalledYesFree

***We accept Paypal, Perfect Money, Bitcoin !