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Eurjpylong

EURJPY BUY | Potential Upsides | LONGEURJPY is moving in an UP trend channel. The chart broke through the dynamic Resistance line, which now acts as support. We expect a decline in the channel after testing the current level which suggests that the price will continue to rise Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity EURJPY I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
Long
by TheGrove
5
#EURJPY 4HEURJPY 4-Hour Analysis The EURJPY pair is trading near a key support level on the 4-hour chart, a zone where buyers have previously stepped in to push prices higher. This support area presents a potential buying opportunity if the price shows signs of holding above this level. Technical Outlook: Pattern: Support Forecast: Bullish (Buy Opportunity) Entry Strategy: Enter a buy position near the support level, confirming with bullish price action. Traders should look for confirmation such as bullish candlestick patterns (e.g., bullish engulfing or pin bar) or indicators like RSI signaling oversold conditions. Proper risk management is essential, with stop-loss orders placed below the support level and profit targets set at the next resistance zone.
Long
by PIPSFIGHTER
EURJPY Analysis - Bullish - Trade 05EUR/JPY Analysis Overview --- 1. Seasonality EUR: Strong seasonal buy signal for first week of December. Historically, EUR tends to perform well during the early part of December, particularly as year-end market dynamics drive demand for European assets. JPY: Seasonal performance is mixed to weak in first week of December, suggesting potential weakness for JPY in this period. --- 2. COT Report EUR: COT RSI: At the bottom (0%) for 52 weeks, 26 weeks, and 13 weeks, signaling an oversold condition, suggesting a buy setup for EUR. Non-commercial Positioning: Non-commercial long positions are decreasing, short positions are increasing, but net non-commercial is still decreasing. This indicates that while there may be some sell-side pressure, the market may be nearing a reversal, with less aggressive short interest. COT Index: At the bottom (0%) for 3-year and 1-year periods, indicating a strong potential for EUR to rise from this point. JPY COT RSI: At the middle, indicating a neutral stance. This is less of a concern compared to other currencies, but it points to a market that is less bullish on JPY. Non-commercial Positioning: Non-commercial long positions are increasing, short positions are also rising, and net non-commercial is decreasing. This suggests that JPY has some strength but is facing growing pressure from increased short positions. COT Index: Neutral positioning, which does not indicate any clear bullish or bearish bias. --- 3. Fundamental Analysis LEI (Leading Economic Indicators) Global: Increasing LEI suggests positive global economic momentum, supporting the EUR. EUR: Positive LEI, indicating economic growth and improving outlook for the Eurozone. JPY: Decreasing LEI, signaling a potential slowdown or economic stagnation in Japan, which is bearish for JPY. --- Endogenous Factors EUR: Increasing endogenous factors, indicating positive growth in the Eurozone. Economic recovery is likely to continue through the end of the year, supporting EUR strength. JPY: Mixed to increasing endogenous factors, suggesting some potential for JPY to strengthen but not strongly enough to outperform the EUR. --- Exogenous Factors EURJPY: Exogenous factors support a buy EUR, sell JPY strategy due to the relative strength of EUR and the weakness in JPY from factors like EURJPY = Buy and EURUSD = Buy signals in exogenous correlations. EUR/JPY Pairs: Strong support for EUR in the cross-pair comparisons (EURJPY = Buy) and weak performance from JPY, confirming a bullish stance for EURJPY. --- 4. Technical Analysis RSI Divergence: The RSI for EUR/JPY is not in overbought territory, suggesting room for further upside. Support Levels: There is days support level from which the pair has bounced and is likely to continue upward if it maintains above these levels. --- Bias: Long EURJPY Conclusion: The combination of favorable seasonality, positive COT signals for EUR, strong fundamental support from global and Eurozone LEIs, and bullish technical indicators positions EUR/JPY for further upside. The relative weakness of JPY and its mixed economic signals reinforce the bias to go long on EUR/JPY. --- Trade Plan Entry: 157.241 SL: 156.020 TP: 158.462
Long
by asadamalik
EURJPY to find buyers at current swing low?EURJPY - 24h expiry We are trading at oversold extremes. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. Preferred trade is to buy on dips. The hourly chart technicals suggests further downside before the uptrend returns. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Although the anticipated move higher is corrective, it does offer ample risk/reward today. We look to Buy at 162.20 (stop at 161.18) Our profit targets will be 164.70 and 164.95 Resistance: 164.90 / 167.40 / 170.90 Support: 162.45 / 159.40 / 154.40 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
EURJPY BUY | Idea Trading AnalysisEURJPY is moving in an UP trend channel. The chart broke through the dynamic Resistance line.. We expect a decline in the channel after testing the current level which suggests that the price will continue to rise Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity EURJPY I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
Long
by TheGrove
1
Buy EUR/JPY Bullish FlagThe EUR/JPY pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Bullish Flag pattern. This suggests a shift in momentum towards the Upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around the current price of 164.33, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 165.42 2nd Support – 166.05 Stop-Loss: To manage risk, place a stop-loss order below 163.70. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_TA_TRADING
8