ads Banner
Link https://www.cryptoder.com/en
Ads Banner
ForexFunction Logo

"Forex trading involves a high level of risk"

GICM Banner
 Market Comments |  Technical Indicator Signals |  Cross Pair Rates |  Live Spread |  Live Charts |  Daily Pivot Points

EUR/JPY Chartpack - Technicals & Trade Setup : FxWirePro | April 13, 2018



Print PDF

Spot out EUR/JPY’s buzzing bulls on engulfing pattern in minor trend and lingering bears on hanging man in major trend:



Chart and candlestick patterns formed - Bullish engulfing pattern has occurred at 131.157 levels, consequently, the bullish pattern candlestick evidences rallies above DMAs with healthy momentum and, the stiff resistance is observed at 132.424 levels, the break-out above this stiff resistance and sustenance above is to drag rallies on bullish DMA & MACD crossovers.



The stern bullish engulfing pattern signals strength, while both the leading indicators ( RSI and stochastic curves) show upward convergence that signals the strength and healthy bullish momentum.



On the contrary in a broader perspective, although bulls broke-out above 61.8% Fibonacci retracements but couldn't sustain, hanging man & resembling bearish engulfing patterns occur at peaks to plummet prices below EMAs again.



Both leading oscillators ( RSI & stochastic curves) on this timeframe signal overbought pressures. Consequently, the current prices are back between 61.8% and 50% Fibonacci levels.



Trade tips: On trading perspective, it is advisable to buy one touch binary call options using strikes at 133.087 levels, the strategy is likely to fetch leveraged yields as long as underlying spot FX keeps rising on the expiration.



Alternatively, deploy shorts in futures contracts of mid-month tenors with a view to arresting bearish risks upto 129.828 or below levels.



Currency Strength Index: FxWirePro's hourly EUR spot index is flashing at 46 levels (which is bullish ), while hourly JPY spot index was at -158 (highly bearish ) while articulating at 08:00 GMT             .



Submit Your Comments:

 Forex Trading VPS


FOREX FUNCTION MEMBERSHIP

FX PREMIUM SIGNAL & AUTOCOPY
Email & Twitter SMS Alert | Secured & Errorless Auto Copy | Support All Broker & Account Types | Premium eBooks, Analysis & Strategy | Custom Risk Management

Plan NameBuy LinkEmail AlertTwitter
SMS Alert
Signal Auto
Copier EA
Free VPS
(1-3 Months)
Monthly Target
(Minimum)
Price
(Montly)
Price
(Quarterly)
Price
(Semi-Annually )
Price
(Annually)
Setup
AUTO COPY Subscribe NowYes Yes Yes Yes*
(Min 3 Month Subscription)
500+ Pips $25 23$ 20$$15Via Live Support
SIGNAL ALERT Subscribe NowYes Yes No No 500+ Pips $14 12$ 9$$7No Need
CashBack View DetailsYes Yes Yes Yes 500+ PipsFree Free FreeFreeVia Support

FF FOREX VPS
Windows 2008/2012 | 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
Economy buy now2 Core 756MB 15GB 1TB $6.50/M$6.20/M$5.90/M $5.50/M MT4 Pre-InstalledYesFree
Standard buy now 2 Core 1GB 25GB 1.5TB $8.50/M$8.20/M$7.90/M $7.50/M MT4 Pre-InstalledYesFree
Premiumbuy now 2 Core 2GB 40GB 2TB $16/M$15.50/M$15/M$14.50/M MT4 Pre-InstalledYesFree
Advanced buy now4 Core 3GB 60GB 2.5TB $26/M$25/M$24/M $22/M MT4 Pre-InstalledYesFree
Professionalbuy now 4 Core 4GB 80GB 3TB $33/M $32/M$31/M$29/MMT4 Pre-InstalledYesFree
Business buy now 4 Core 6GB 100GB 4TB$46/M $45/M$44/M$42/MMT4 Pre-InstalledYesFree
Platinum buy now 4 Core 8GB 120GB 6TB $59/M $58/M$57/M$55/M MT4 Pre-InstalledYesFree
Diamond buy now 4 Core 12GB 180GB 8TB $89/M $87/M$85/M$81/MMT4 Pre-InstalledYesFree

***We accept Neteller, Skrill, MasterCard, Paypal, Payza, Perfect Money, Webmoney !