EUR/JPY Forex Technical Analysis Today

EUR/JPY

TECHNICAL ANALYSIS :-

The primary trend of EUR/JPY is bearish on charts and from past few trading sessions prices are not sustaining at lower levels & consolidating near the important level of 127.85. In its hourly chart, prices are consolidating with strong positive bias to give break out at upside. It is also taking support of 30 DMA. If the pair breaks the resistance level of 127.85 at upside then we can expect it to test its 200 DMA and come till the levels of 128.35/128.65.

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INDICATORS:-

RSI is sustaining in buying territory supporting the upcoming bullish trend in the pair.

MACD line is also sustaining above the zero line indicating the bullish trend in the pair.

Technical Chart

STRATEGY:- EURJPY has bounced back from the lower level & looking bullish on charts for next few session. One can go for buy on dips strategy for this pair for intra day to mid term positions.

EUR/NZD Technical Analysis and Forex Strategy as on Monday, March 30 2015

EUR/NZD

RECOMMENDATION : BUY TARGET 1.4580

SUMMARY:

The overall trend of EUR/NZD is bearish, In hourly chart, prices are taking resistance of falling trend line & consolidating with strong positive bias. 30 DMA & 200 DMA are also providing support to the prices & supporting the further uptrend. If EUR/NZD crosses the trend line and sustains above it then we can expect it to show north ward movement in the prices. If it breaks the level of 1.4455 & sustains above it we can expect it to come up to the levels of 1.4530/1.4580 in next few days.

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INDICATORS:-

RSI is sustaining in buying territory, supporting the upcoming bullish trend in the pair.

MACD is also sustaining above the zero line,indicating the up trend in the market.

Technical Chart

STRATEGY:- EUR/NZD is bouncing back from lower levels. One can go for buy on dips level strategy for this pair for intra day to mid term positions.