• Trading Account
  • Downloads
  • Nifty Options OI
    • Nifty Max Pain Chart
    • Nifty Option Change in OI Chart
    • Nifty Put Call Ratio
    • Nifty Option Total Change in OI
    • Nifty Trend Finder
  • BankNifty Option OI
  • About Us
  • Learn Technical Analysis
    • Advance Option Trading Course

OurNifty.com

A Indian Stock Market Blog

  • Forex
  • Gold
  • Intraday Stocks
  • Midcap Stocks
  • Multibagger
  • Nifty
  • Nifty Option
  • NSE
  • Amibroker

Currency: EUR/JPY Trading Analysis for 4 July 2011: Sell EURJPY below 117.15

By Bhaveek Patel Leave a Comment

EURJPY is a cross pair know for its huge volatile move it is most active on Asian and European sessions. Short term trading analysis (tips) for EUR/JPY 4 July 2011, we recommend, Enter short in EURJPY below 117.15 for short term target of 116.15 and 115.15 also place protective stop loss above 117.75.

Reason to trade EURJPY short: The EURJPY was on uptrend but we seeing some selling due to selling in euro in short term and this being a very good selling opportunity due to weak EURO. EURO has been showing some mild weakness and is more likely to continue the current weakness to test its next support level of 116.15. RSI support the down move and is in favor of the trade on weekly chart. So we can see the pair to weaken further and move towards its next support level which is at 116.15, so trading in the direction of the trend we recommend to trade short on EURJPY pair. This can be a solid trading opportunity for the traders trading in the weekly time frame.

Share
Tweet
Pin
0 Shares

You Should Read This:

  1. Forex: EUR/JPY Trading Analysis for 1 June 2011: Buy EURJPY Above 116.65 Short term trading analysis (tips) for EUR/JPY 1 June 2011, we recommend, Enter long in EURJPY above 116.65 for short term target of 121.75 and 125.85 also place protective stop loss below 115.65. Reason to...
  2. Currency: EUR/JPY Trading Analysis for 29 April 2011: Buy Above 120.75 Intraday trading analysis (tips) for EUR/JPY 29 April 2011, we recommend, Enter long in EUR/JPY above 120.75 for target of 121.15 and 121.55 also place protective stop loss below 120.55. Reason to trade long: EURJPY...
  3. Currency: EUR/USD Technical Analysis on 18 July 2011 Trading Analysis: Sell EURUSD below 1.4075 EURUSD pair has been falling after the Italy downgrade. So we have seen Euro falling towards 1.40 level from 1.4575 level this is about 500 pips fall so our near term outlook is now bearish....
  4. Forex: GBP/USD Trading Analysis for 16 May 2011: Sell below 1.6205 Intraday trading analysis (tips) for GBP/USD 16 May 2011, we recommend, Enter short in GBP/USD below 1.6205 for target of 1.6155 and 1.6115 also place protective stop loss order above 1.6225. Reason to trade short:...
  5. Forex: USD/CHF Trading Analysis for 4 July 2011: Sell USDCHF below 0.8495 CHF (swiss frank) is also know as the safe heaven due the politically neutral economy due to its banks secrecy laws. Intraday trading analysis (tips) for USD/CHF 4 July 2011, we recommend, Enter short in...

Category: Forex Tags: Currency/ EUR/JPY/ Forex/ Forex Trading

About Bhaveek Patel

Bhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous Post: Forex: GBP/USD Trading Analysis for 4 July 2011: buy GBPUSD above 1.6055
Next Post: Forex: AUD/USD Trading Analysis for 4 July 2011: Buy AUDUSD above 1.0705

Advance Options Trading Course

options trading course

Lowest Brokerage Trading A/c

Lowest brokerage trading account opening in India

Learn Technical Analysis

technical analysis course

Recent Articles

  • ASX Penny Stocks List for 2025
  • 7 Ways to Boost Your Revenue
  • NYSE Penny Stocks List for 2025
  • Short On Cash? Here’s How You Can Manage Your Priority Spends
  • FREE Webinar on Option Chain Analysis
  • LSE Penny stocks list for trading in 2025 Should you buy?
  • BSE Penny Stocks List 2025

Popular Categories

Amibroker Finance Forex Gold Intraday Stocks IPO Midcap Stocks Multibagger NEWS Nifty Nifty Option NSE Results Short Term Stocks Technical Analysis

About Us | Contact Us | Privacy Policy | Disclaimer


Copyright © 2009 - 2025 OurNifty.com Trading ideas published here cannot be reproduced without permission from the author.
OurNifty is Powered by Wordpress and hosted on Digital Ocean