EUR/JPY Up 10 Pips in Last 4 Hours, Came Into Today Up For the 2nd Day In A Row; in an Uptrend Over Past 14 Days
It should be noted, though, the 20 day simple moving average turned upwards, which may be a bullish sign.
EURJPY
(Last Updated July 8, 2020)
Welcome to the news page for EURJPY (EURJPY). Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
The Trend
As for trends on EURJPY, we’re seeing a downtrend on shorter timeframes — but an uptrend on the 90 and 14 day timeframes. As such, traders with short positions should be aware of the uptrend in place on the longer timeframes.
EURJPY Moving Averages
EURJPY’s moving averages tell a multi-facted story about its trend. Out of the moving averages we’re monitoring (20, 50, 100, and 200 days), all but the 20 are bullish, implying a upward trend, aside from a decline about 3 weeks prior. Moreover, it should also be noted that the 20 SMA just turned bearish today.
The chart below illustrates.
As for assets in the Forex asset class EURJPY has been correlated to over the past week, it has been most correlated with USDSEK. Over the past 14 days, however, the asset showing the strongest correlation to EURJPY is AUDJPY. On the flip side, the asset least correlated with EURJPY over the past week has been USDMXN, but over the past two weeks, GBPCAD has been the asset least correlated with EURJPY. The chart below illustrates EURJPY against its least correlated assets.
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EUR/JPY Up 10 Pips in Last 4 Hours, Entered Today Up For the 2nd Day In A Row; in an Uptrend Over Past 14 Days
It should be noted, though, the 20 day simple moving average turned upwards, which may be a bullish sign.
EUR/JPY Down 1 Pips in Last 4 Hours, in an Uptrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart
As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.
EUR/JPY Up 3 Pips On 4 Hour Chart, Moves Up For the 2nd Day In A Row; Pin Bar Pattern Appearing on Chart
As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.
EUR/JPY Up 51 Pips in Last 4 Hours, Eyes 20 Day Average; Pin Bar Pattern Appearing on Chart
As for the rationale, technical traders seem to be citing the appearance of a trendline technical pattern.
EUR/JPY Down 4 Pips Over Past 4 Hours, 2 Day Down Streak Snapped; Nears 20 Day Moving Average
This imputes a buy/sell ratio of 1, which is neutral.
EUR/JPY Down 2 Pips in Last 4 Hours, Came Into Today Up For the 3rd Day In A Row; Pin Bar Pattern Appearing on Chart
Volatility for eur/jpy has been contracting over the past two weeks relative to volatility over the past month.
EUR/JPY Down 11 Pips in Last 4 Hours, Moves Down For the 2nd Day In A Row; Doji and Pin Bar Patterns Appearing on Chart
As for the rationale, technical traders seem to be citing the appearance of fibonacci and trendline technical patterns.
EUR/JPY Up 19 Pips Over Past 4 Hours, Price Base in Formation Over Past 14 Days; Nears 20 Day Moving Average
This imputes a buy/sell ratio of 1.67, which is bullish.
EUR/JPY Down 11 Pips On 4 Hour Chart; Pin Bar Pattern Appearing on Chart
As for the rationale, technical traders seem to be citing the appearance of a fibonacci technical pattern.