The EUR/JPY pair continues to exhibit strong momentum, displaying gains of 0.55% on Wednesday.
Indicators on the daily chart show a consistent rise in bullish momentum. On the hourly chart, the RSI reflects a more volatile picture with general positivity, yet the MACD shows a lack of sustained buying traction. With buyers maintaining dominance, the pair remains steadfast above its key Simple Moving Averages in both the short and long term, indicating the potential for a further upward move.
Whereas, the hourly MACD has registered flat red bars, indicating a lack of positive momentum in recent hours as investors seems to be taking profits. EUR/JPY hourly chart Reflecting on the broad spectrum, the EUR/JPY is currently positioned above its Simple Moving Average across the 20, 100, and 200-days. This indicates a strong upward momentum in both the short-term and long-term periods.
Crosses Currencies Technical Analysis
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
EUR/JPY Price Analysis: Bears lose ground and bulls reclaim the 20-day SMAOn Tuesday, the EURJPY rose by 0.36% to 166.35, and successfully secured a position above the key 20-day Simple Moving Average (SMA), alluding to the prevailing power of the bulls in the current market.
Les mer »
EUR/JPY Price Analysis: Bulls make a stride and reclaim the 20-day SMAThe EUR/JPY pair is trading at 164.22, recording a slight uptick on Tuesday’s session.
Les mer »
EUR/JPY Price Analysis: Bulls Maintain Control, consolidation phase likelyThe EUR/JPY slightly declined to 164.70 in Thursday’s session.
Les mer »
EUR/JPY Price Analysis: Bulls continue dominating, yet a consolidation may be incomingThe EUR/JPY stands at 165.68, trading with mild gains still in multi-year highs.
Les mer »
EUR/JPY Price Analysis: Bulls lose traction, possible market cooling may followThe EUR/JPY pair is trading at 164.25 and has decreased by 0.30% in Wednesday’s session.
Les mer »
EUR/JPY Price Analysis: Bullish trend perseveres, bears confronts crucial SMAThe EUR/JPY pair currently trades at approximately 164.37, indicating a slight decrease.
Les mer »