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

"Forex trading involves a high level of risk"

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

GBP/JPY bulls shrug-off shooting stars after bullish DMA Crssovr : FxWirePro | November 2, 2017



Print PDF

GBP/JPY bulls shrug-off shooting stars after bullish DMA crossover, major trend enroute to 38.2% Fibos - Bid one touch binary calls for buzzing yields:



GBPJPY 0.03% forms shooting stars at 149.464 and 151.214 levels respectively.



Despite the occurrence of these bearish patterns, the bull swings seem to be extending today at 151.254 levels.



After a big bullish pattern candle formed on 31st Oct 0.00% that has engulfed last three days’ candles, shooting star popped up yesterday to show little skepticism.



However, the rallies likely to extend upon confirmation from both leading & lagging indicators.



From last three months, these upswings so far have taken the pair beyond 21EMA levels, we foresee northwards journey upto next stiff resistance at 156.660 if bulls manage to breach above 152             .121 (i.e. 38.2% levels).



Please be noted that stochastic oscillator has entered into overbought territory on both daily as well as monthly terms, but no convincing traces of bearish crossover which means ongoing bullish sentiments are likely to continue with a pinch of salt as this leading oscillator approached overbought zone.



While RSI has been indicating the strength in the uptrend by evidencing upward convergence on both timeframes.



On a broader perspective, shooting stars have occurred at 144.285 and 142.752 levels respectively on monthly plotting, but bullish engulfing counters to break above 23.6% Fibonacci retracement levels, consequently, ongoing rallies are on the verge of hitting 152             .121 levels (i.e. 21EMA & 38.2% Fibos).



Buying momentum is intensified on this timeframe as well as the leading oscillators are converging upwards.



Monthly RSI (14) is trending above 60 levels that signal the strength in buying interests.



We are not isolating this signal; with the boosted buying momentum confirmed by both leading oscillators, the current prices remain well above 21EMAs on monthly terms and bullish DMA crossover on daily terms.



In addition, to substantiate these bullish stances, MACD on the other hand, signals the extension of the bullish trend on monthly terms.



Trade tips:



Contemplating above daily bullish sentiment, on trading perspective, it is advisable to buy one touch binary call on dips, this speculative instrument is likely to fetch leveraged yields as long as underlying spot FX keeps spiking on or before the expiration.



Currency Strength Index: FxWirePro's hourly GBP spot index is shy above positive 7 (which is neutral), while hourly JPY spot index was at -74 ( 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 !