EURJPY: Rising wedge
As we can see, the price is forming a rising wedge.
The rising wedge is a signal for bearish. The pressure went weak, so the price may go down after the rising wedge.
We can observe some signals here.
The Volume is going down a little since traders are not confident about the price. The MACD and the RSI are not changing too much.
Let’s wait for more signals.
The rising wedge is a signal for bearish. The pressure went weak, so the price may go down after the rising wedge.
We can observe some signals here.
The Volume is going down a little since traders are not confident about the price. The MACD and the RSI are not changing too much.
Let’s wait for more signals.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.