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EUR/JPY Bullish trend

CHART SCALE
: Weekly
INDICATORS: Parabolic Sar, Money Flow Index, Linear Regression Slope

RESISTANCE LEVEL : 141.289 - 144.801

SUPPORT LEVELS : 127.108 -130.989 - 134.300
PAIR ANALYSIS :
The EUR/JPY currency pair has been characterized by a bullish with great opportunities among the buyers after the double bottom around the support line at 127.108 as indicated in fig 2 . The Linear Regression Slope around 0.212 support the bullish chart analysis, the configuration of the Parabolic Sar and the …
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Comment 1 - At the opening of  week 30/08/2015 the pair EUR/JPY pattern indicates a slightly bearish tendency . This trend can be supported by the negative linear regression slope and the  bearish parabolic Sar distribution

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Comment 2 -
EUR/JPY is in a slightly bearish channel as indicated in the chart. The objective at 01/09/2015  12:00 could be in agreement with the key level price at 135.82. 
The pair could have a bullish retracement after having reach the support line at  134.9889

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Comment 3 - The conference of  BoJ’s Governor news conference for policy clues could support the JPY recovery. The pair EUR/JPY could show bearish behavior for the session .

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Comment 4 - Great result of  Tankan Large Non-Manufacturers Index that indicate the relative level of general business conditions among large businesses, excluding the manufacturing industry suggest the possibility of a great improving economic conditions in Japan. In this context the EUR/JPY pair can show a bearish tendency.

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EURGBP Trading @ 7 Year Low

EURGBP Trading @ 7 Year Low
EUR GBP trading at 7 year low. After breaking below 0.70369 level we can expect further downside upto 0.6500 level in future.
Last year EUR weakness continuous on this year first quarter, then this free fall was stopped by 0.70369 support level. Now this important level breaches so we could expect further downside.
On the other side some improvement in Greek Drama that's news will pause the current downtrend, but in medium term we can expect further downside.
Happy Tr…
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Greece next Lehman Brothers Event?

This is just and extracted post from my latest article which you can find it here: Greece next Lehman Brothers Event?
  • FX Market - Risk Aversion

Markets have consistently experienced " 100-year events" every five years. Paul Tudor Jones

They say the Black Swan events are characterized by rarity and extreme impact and once again the financial markets are proving this to be wrong as theory has nothing to do with reality. Not so long ago we had the SNB event which disrupted the market activ…
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Stix 14 July

Hahaha ! Now that's good business ! :) :)

Daytrader21 avatar

It's always a pleasure doing business with you:)

Stix avatar
Stix 15 July

I scored on both ends of that deal !  Hahaha ! Honesty, I thought it an excellent Article since planning ahead affords peace of mind, which is really beneficial. Personally, I don't have enough years of experience, so the input was really helpful. All in all, it was a good trade ! Thanks so much. :) :)

Daytrader21 avatar

Always glad to hear when people actually can learn something from my work, this means that i'm not writing in vain. Thanks

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Stix 15 July

The Articles are excellent for me because I learn a lot, as with the blogs. Even if some writings are not always agreeable with one's own thoughts, they are good for purposes of reminding oneself of lessons learned and exposure to new ideas. It's never in vain, in my opinion. Here, I remember how little experience I have and how deeply I am engrossed in the detail, at present, so will give some time to forward planning, as a result. I appreciate that - since that is the direction, once the initial work is done. Thanks again. Much appreciated and well written. :) :)

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GBP/JPY flying

Since ECB lowered refinancing rate to near zero and deposit rate to negative, Euro has been increasingly used as a funding currency. That's a big part of the reason why GBP/JPY has became a better risk barometer than EUR/JPY in the past year or so.
After closing weekend gap, "Geppy" fell some 650 pips on Grexit fears, which at that point seemed almost inevitable, and the sell-off in Chinese stocks. On Thursday, the pair stabilized in line with improved sentiment with regard to Greece and Chinese…
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Thursday, July 9th, 2015

@ today’s webinar we reviewed:
Today's Euro behavior helped us conclude that at least traditional chart pattern trading came back to normal. Weekend’s gap today was successfully closed dissipating the doubt of fear-driven and panic-selling, even though any deal with Greece would simply confirm and still accelerate depreciation in the mid-term and long term of the euro currency.
There are still too many doubts on if the Greece government could actually have the means to apply anything that it co…
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Wednesday, July 8th, 2015

@ today's webinar we reviewed:
EUR/USD: Today’s webinar was obviously redundant over the Euro Zone situation. It was considered that any retracement is only a “short the rallies” opportunity. It was also commented the huge risk of keeping any trade opened during the weekend since we will open next week at first hour with the news on what finally –again- will happen to the Greek situation.
Trade safe!
iiivb
P.S. Remember to visit my FREE and LIVE webinar from Monday to Friday @ 7-8 a.m. GMT on …
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Tuesday, July 7th, 2015

@ today's webinar we reviewed:
EUR/USD: Today’s webinar coverage scoped the reignited bearish sentiment after the failed attempts last week of the bulls to take control of the market. Any outcome of a deal or not with Greece is irrelevant since the credibility of Greek government is eroded up to the point that it couldn’t be ruled out that Greek Prime Minister would simply lie openly just to get the money and later desist of any agreement in exchange of it. We also commented that is probable th…
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Monday, July 6th, 2015

@ today's webinar we reviewed:
EUR/USD: Today’s uncertainty caused by Sunday’s Greek referendum with an overwhelming +60% for the “no austerity” vote leads us to consider –same as Monday last week- caution before opening any trade until the gap generated by it be closed.
We retook Friday’s assumption on a potential bullish v-turn in formation –sabotaged by the spook on the markets caused by the results of the voting-. More evidence of this was reviewed during the webinar commenting that the mo…
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Greek People Have Spoken

With a clear victory of the NO camp we're back on the negotiation table and this time around the pressure for reaching a deal is on the Brussels side after this morning announcement that Greek FM Yanis Varoufakis has step down in order to help the negotiation going further and after Brussels demands that they want him out this puts pressure on Brussels side as now Greece has some leverage to work with and any fail to reach an agreement will be blamed on Brussels.
Expect some volatility in the FX…
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Is Grexit becomining a reality?

With the referendum results from Greece slowly coming out now and showing that the NO vote has taken the early lead. With this the prospects of a deal will have significantly diminished and Greece may be on its way out of the Eurozone. Though opinion polls show a much closer race the results may be interesting and the Euro may trader weaker in the pre-open period today.
The official results of the referendum can be followed on the website http://ekloges.ypes.gr/current/e/public/index.html?lang=e…
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