ChartPros Market Insights

The EUR/JPY is the currency pair encompassing the European Union’s single currency, the euro (symbol €, code EUR), and the Japanese yen of Japan (symbol ¥, code JPY).

Price has been consistently making a series of higher highs and higher lows during the past decade and recently broke above long time resistance at 164 reaching levels not seen in about 15 years.

It's one of the most frequently requested Forex charts we get, see where price could be heading.

Today's charts of the day is from our Members Only Trade Room where we post 15+ indices, commodities, and Forex charts.

Specifically, this is our Forex lower time frame MARK grid intended more for shorter term spot / Nadex trades.

Today we'll take a look at the Forex pair AUD/JPY.  We can see on the weekly chart that price has steadily been making a series of higher highs and higher lows since April 2020. 

During its ascent price has risen from 60 to nearly 100.  But is it running out of steam?

Perhaps but not necessarily...

In response to all the Forex chart requests we've received today's chart of the day USD/JPY is presented in both a higher time frame weekly chart and a lower time frame 4 hour chart.

This allows for a birds eye view to help determine market sentiment and directional assessment for those who considers themselves "traders vs investors".

Levels of interest are presented in both directions.

With 8 out the the last 12 days producing a green candle can the EUR/USD bulls keep pushing higher?

After creating a decisive bottom near 1.064 price has been charging hard towards a psychological "big round number" 1.10 including powering up and through a daily change control zone as if it didn't even exist...

Today we look at another forex chart, the Aussie Dollar AUD/USD.

It would seem like the bulls are large and in charge the past couple of weeks and gunning for 0.68 - 0.69 area.  But not so fast my friends...

Because on the daily chart price is now tip toeing as we like to call it through a change control zone.  So what exactly does that mean?

Find out now!

Today we look into the Forex markets to check in on USD/CAD and notice that price is in familiar territory dating back to October 2022.

The zone between 1.357 and 1.365 has acted somewhat as a magnet with attempts to break away from that range in both directions but ultimately coming back and passing through it making 20 round trips during the last 8 months.

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