EURJPY is set to test lower pricesTrend Analysis: The EURJPY currency pair on the 4 hours chart has been in a downtrend since 07 January 2020 when it registered the highest price level of the period under study at 122.872. Since then, the currency pair has been successfully forming lower bottoms and lower tops. At time of writing, the EURJPY is moving around 119.911 below the 20-period and 40-period simple moving average respectively. This reveals the buyers’ determination to push the exchange rate of EURJPY to lower levels.
Additionally, the oscillator analysis indicates negative sentiment for the EURJPY. The 14 period RSI Oscillator (Relative Strength Index) is below the 50 level - a fact that shows that the sellers are in control of the market. The 23 period Momentum Oscillator is also below the 100 mark, which illustrates bearish movement in the currency pair.
When attaching the Fibonacci Retracement tool from the bottom at 119.972 and dragging it to the top at 120.337, three price targets may be calculated. The first target level is projected at 119.746 (161.8%), which has been successfully reached. The second target level is estimated at 119.381 (261.8%). The third target level is forecasted at 118.791 (423.6.8%).
It remains to be seen how much lower the bears will manage to push the price of the EURJPY.
Bestsignals
GBPJPY: #POUNDITSince mid-October the GBPound has been gaining momentum against the JapenseYuan. Reaching a recent high of 147.900, the price point immediately reverted to retest the previous channel's top trend line near 141.500 (shown in orange). After a showing of strong support, the price point returned to its longstanding uptrend which started August 11th 2019 (shown in green). Currently sitting on the 50EMA (25 day average) and the bottom of the longstanding trend line, I expect this price point to continue rising and eventually retest the 147.900 mark. Trend direction's obviously changing because we're sitting above the 200EMA now. I wonder if its finally headed back toward the highs of August 2015 (194.510).
EURJPY 1H Long buy Structure Long Buy Structure
From : 119.373 - 119.450
TP1 : 119.885
TP2 : 120.200
Stop Loss : 119.130
This is not an investment recommendation or any call to buy or sell
It is just an analysis based on a study of the history of price action
Behavior , that may not be a necessarily reason for the success of
the structure or repetition. So please make your decision based on your vision .
To protect capital and manage your deals and trading successfully
the maximum loss in each transaction for the same currency or
commodity in the same direction should not exceed ( 2% ) of the capital .
Good luck >>
$PESI Trying But Can It Put In A True New Level Of Support?Volume has been up ticking, price is on the rise , but it looks like PESI is around an area of resistance that it has seen twice in the last 21 months. Wondering if it can firmly lift and establish new support above this level.
" Back on September 24, the company announced that it had reached an agreement to work on nuclear service projects. More importantly, those projects could help this penny stock earn as much as $15 million over the course of the next 18 months. The development resulted in a significant rally in PESI stock. Over the last two weeks, the stock has gained as much as 30% as investors piled into it. "*
About PESI
Perma-Fix Environmental Services Inc is a provider of both nuclear services and the management of nuclear and mixed waste. The company operates through three segments: Treatment segment offers nuclear, low-level radioactive, Mixed, hazardous and non-hazardous waste treatment, processing and disposal services. Service segment provides on-site waste management services to commercial and government customers, technical services and nuclear services The Medical segment is involved in the research and development of medical isotope production technology.
SOURCE: Are Penny Stocks Worth It? 3 Up Big In October
Strong Pullback then UpPossible strong pullback towards the trend line for AUDNZD. Price has broken trend line channel to the upside and now would be a good time to place a sell trade on the pullback to the trend line. Price has also been moving under both the 200 and 50 EMA which is still indicating a strong short bias. I expect the price to move back to the trend line and then go all the way up. The first target will be the first support turned resistance. FX:AUDNZD
Will be holding until next week as it is Friday tomorrow.
BTC-Usd No trade for the time beingWould not be surprised if we see a rally towards 6580. We are still waiting to pull the trigger on long term trades. Need more structure to work with!
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