Daily chart analysis reveals heightened selling pressure with the RSI and MACD deep in the negative zone.
The hourly chart saw a short-lived recovery in the indicators.
Although the pair has experienced recent declines, its positioning above the key SMAs signals an ongoing bullish outlook.
In Monday's session, the EUR/JPY pair is trading at 160.57, showing a daily decrease of 0.19%. Despite ongoing fluctuations, it is currently observed that the sellers are moderating the buyers' strength. A short-lived recovery seen in the shorter time frames seems to be waning.
On the daily chart, the Relative Strength Index (RSI) measures around 41, indicating strong selling pressure. A downtrend was noted from being in positive territory a week ago at a peak of approximately 65 as the seller seized control. Concurrently, the Moving Average Convergence Divergence (MACD) histogram is witnessing rising red bars, interpreting a growth in negative momentum.
Peringatan: Pendapat yang disampaikan sepenuhnya merupakan milik penulis dan tidak mencerminkan posisi resmi Followme. Followme tidak bertanggung jawab atas keakuratan, kelengkapan, atau keandalan informasi yang disediakan, serta tidak bertanggung jawab atas tindakan apa pun yang diambil berdasarkan konten ini, kecuali dinyatakan secara tertulis.
Suka artikel ini? Tunjukkan apresiasimu dengan memberi hadiah untuk penulis.
Tinggalkan pesan Anda sekarang