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Tag Archives: EUR/JPY
The EUR/JPY chart shows that this pair is in a strong down trend on the largest time frames, like the MN time frame shown below. Below the current pricing, this pair has some minor support levels down to the 126.00 area, but below that price it has substantial pip potential. Most or all of the JPY pairs are also in long term down trends, indicating across the board JPY (Japanese Yen) strength. This analysis of the EUR/JPY was done with multiple time frame analysis by individual currency, attached to a set of meta trader charts. These are 5/12 exponential moving averages.
Today The Forex Heatmap® signaled consistent JPY (Japanese Yen) strength in the market. The GBP/JPY dropped strong to the downside, this pair is trending down on the D1 time frame and should continue lower at least one more day to the next major support. The EUR/JPY has dropped to one support level and we would be scaling out lots and managing profits at the current price levels. The Forex Heatmap®, shown below, provides live trading signals for 28 pairs.
The EUR/JPY is trending higher on the larger time frames. See the image of the W1 time frame below. The current resistance breakout point is 140.25, shown on the chart below. You can set a price alert there. When the alert hits check The Forex Heatmap® to verify the buy entry. The overall upside potential is to as high as the 148.00 area, see the red lines on the chart. This is about 775 pips of overall potential, so the money management ratio is excellent on this trade. This trend analysis was done with some exponential moving averages we provide to all forex traders.
Today in forex trading the The Forex Heatmap® visual alert system showed that the JPY (Japanese Yen) strength was evident on all pairs. The EUR (Euro) and CHF (Swiss Franc) were also weak. This drove the EUR/JPY and CHF/JPY lower. The EUR/JPY is in a strong down trend and should continue lower. The CHF/JPY is still trending down on the D1 time frame and we would scale out lots on this sell trade as the ultimate support target is not known. The alert system you sell below is The Forex Heatmap®, it provides visual alerts for eight currency groups and 28 pairs total, in real time.
Today in forex trading the EUR/JPY had a buy signal on The Forex Heatmap®. The Japanese Yen (JPY) was weak on all pairs, driving strong movement. There was also some minor Euro (EUR), Canadian Dollar (CAD) and Australian Dollar (AUD) strength in the market today. This drove the EUR/JPY, CAD/JPY and AUD/JPY higher. The CAD/JPY is forming a new up trend on the D1 time frame and should continue much higher. The EUR/JPY is at resistance at 137.00, and the AUD/JPY should continue upward to the next resistance level at 95.50. The trades and signals you see below are from The Forex Heatmap®, which provides live buy and sell signals for 28 pairs including the JPY pairs.
Today in forex trades the GBP/JPY had a clear buy signal. The D1 trend is forming to the upside on this pair and it could continue up to the 172.75 resistance area. So it has ongoing potential and we will continue to set additional buy plans on this pair. Other Japanese Yen (JPY) pairs like the EUR/JPY also moved higher, and this pair is also trending to the upside. The live trade signals you see below are from The Forex Heatmap®, showing the British Pound (GBP) strength and the JPY weakness.
Having a forex currency strength indicator would be an important part of any accurate trade entry system. Forex traders need accurate tools for entering trades. If you combine accurate tools for trade entry with setting and moving stops you are close to creating a profitable trading system.
Look at the example forex strength indicator below. This is called The Forex Heatmap®. It is a forex currency strength indicator for 28 pairs. This is an example from daily trading in the main session. In this example EUR/JPY had a clear sell signal along with several other JPY pairs. The Japanese Yen (JPY) was strong on all pairs and the EUR (Euro) was weak across the board. This drove the EUR/JPY strongly lower.
The EUR/JPY had a valid sell signal in this trading session. Since this pair was also trending down on the larger time frames, not only could a trader have had a successful trade entry, but this pair also has ongoing pip potential due to the trend on the larger time frames. A forex currency strength indicator like The Forex Heatmap® can give you a good trade entry, but if you are trading in the direction of the major trends, there will be additional upside potential to make more pips. This great indicator works for 28 currency pairs and the signals are live in the main trading session, and also the Asian trading session. Pips are possible in both trading sessions.
Another Forex Currency Strength Indicator Example
In this example, the NZD (New Zealand Dollar) is showing consistent strength in the main trading session on the heatmap. This NZD strength, combined with a small amount of CAD (Canadian Dollar) weakness, drove the NZD/CAD strongly higher on this day, a very large movement for such a low volatility pair. Here are the live signals and associated price movement.
Once again this movement is excellent and the signals are solid, indicating NZD strength. In this case, The Forex Heatmap®, the forex currency strength indicator for trade verification, worked great to give you a signals for a strong and profitable trade entry. In this article we have only shown two examples, but this system works daily in both trading sessions for 8 currency groups and 28 pairs. You can trade all of the USD, EUR, CHF pairs, etc. with this great system. We have a complete library of example trading signals you can check for all of the pairs we follow.
Today after the Euro (EUR) Consumer Price Index (CPI) news announcement, the Euro and Swiss Franc (CHF) both strengthened. The Euro CPI is the change in the price of goods and services purchased by consumers, it came in at 0.8% actual versus 0.7% forecast.
The JPY (Japanese Yen) was also weak, so the CHF/JPY and EUR/JPY moved much higher after the news. These movements were strong were on these pairs, but these were short term intra-day movements on these two pairs. The EUR strength also caused the EUR/AUD to break out of resistance to the upside, and this pair is now trending up on the D1 time frame. We will continue to issue new trading plans on the EUR/AUD and monitor this new uptrend. The EUR strength and JPY weakness you see below is on The Forex Heatmap®, which gives live trading signals for 28 pairs. It works well to provide trade entries after news drivers like consumer price index, or any other major news drivers.
Today in forex trading the JPY was weak on all pairs. This dive strong price movement on these pairs. The NZD/JPY made a strong move to the upside. Other pairs like the EUR/JPY and CHF/JPY also broke higher. These pairs have and have no nearby resistance on the larger time frames, so you can continue to hold. The trading signals you see below are from The Forex Heatmap®, a real time map of the forex.
Today in the currency markets the EUR (Euro) was weak on all pairs and some of the price movements were very strong. This provided excellent trading opportunities selling the EUR pairs for traders. Pairs like the EUR/JPY and EUR/CAD sold off strong to the downside. These pairs should continue lower for at least another day to our target support levels. For our specific price targets and support levels check our daily forex trading plans. The trading signals you see below are from The Forex Heatmap®, a real time visual map of the currency market, it works for 28 pairs including the seven EUR pairs you see below.
Our currency trading signals are obvious, unlike the complicated technical indicators you see most forex traders using. Our signals are logical and can result in consistent profitable trade entries week after week. If you want to use our logical forex trading system check our our website and ask us questions, we are happy to help.