-
the USDJPY pair for today seems to be on bearish trend according to the red color of the Super trend which is my main indicator to determine the market direction.
Also the Nonlog dot is red colored which indicate a sell signal by the way.
Now the signals show a strong bearish trend and a sell trades can take a place as long as the signals remain the same.
For the stop loss area I think there are 2 ways to exit if the super trend changes its color to be green or if the price hits the resistance at the area of 107.85 which may mean that the bearish direction is over.
http://bigimage.cz/photos/20010109979027361156359.gif .
-
As you can see on the chart of USDJPY the prices is now upper than the EMA line of 15 which could be used as a good sign of bullish trend for today.
Also the power line indicator is now above the 50 level which indicates a good upward direction signal.
One important thing else is the power momentum indicator which as you can see show a low power of the bullish trend which can be used to filter the entry of buy positions.
http://bigimage.cz/photos/20010109979030506703255.gif .
-
The price hits the higher level of donchin channel on the USDJPY chart to perform a probably of bearish trend start by today As you can see the price is actually moving at bearish trend because of the down channel for today About the Awesome oscillator there are a bullish sign by having a green colored bars located below the 0 th level A quick look to the stostatic can inform you by a buy signal as the price near the level of 80 and there is a bullish cross between the two lines As a result of the previous signals I can bet on the bearish side by taking a sell trades wishing that the price reach the low edge of Donchin level which can be used as a good area for closing sell trades in profit http://bigimage.cz/photos/20010109979032418118654.gif
-
A strong bearish trend take a place on the hourly chart of the USDJPY as the Blade oscillator is now at 0.052 area below the level of balance and at the same time the indicator is red colored which is a strong indication of bearish direction on the short term. On the chart itself you can see the moving average 5 sloping down and then you can consider the last top drawn by it at 107.83 as a good stop loss if you need it in case of sell orders which is very advised according to the indicators signals. http://bigimage.cz/photos/20010109979033524904215.gif
-
http://prntscr.com/50k0jx
analysis for today 10 / 28 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/JPY on the date 10 / 27 / 2014
OPEN 108.15
HIGH 108.25
LOW 107.60
CLOSED 107.80
The third resistance (R3) 108.25 - ( 107.88 - 107.60 = 0.28 x 2 = 0.57 )= 108.82
The second Resistance (R2) 107.88 + 108.25 - 107.60 = 108.53
First resistance (R1) 107.88 x 2 = 215.77 - 107.60 = 108.17
pivot points 108.25 + 107.60 + 107.80 = 323.65 / 3 = 107.88
Support for the first (S1) 107.88 x 2 = 215.77 - 108.25 = 107.52
Support second (S2) 107.88 - ( 108.25 - 107.60 = 0.65 ) = 107.23
Third Support (S3) 107.60 - ( 108.25 - 107.88 = 0.37 x 2 = 0.73 )= 106.87
-
28.10.2014 9:09 USDJPY
USDJPY: consolidation in the 107.50-108.35 range
Buy on rebound from 107.50 level with 108.35 target. Stop loss = 107.00.
Reason for the trading strategy
Today Mr. Kuroda said that the Japanese economy is showing recovery after the sales tax has been raised. His words confirmed the September growth of 2.3% (y/y) in retail sales in Japan, which was better than the forecast of 0.9% (y/y). These statistics are positive for the Japanese currency. Before tomorrow's US Federal Reserve meeting, a possible reduction in the USDJPY pair to 107.50 support level can be used to open long positions.
USDJPY, H4
https://www.exness.com/2014/10/28/usdjpy.png
-
USDJPY is flat in Intraday trading with a trend bias towards bearish signal at 107.49
Looking at the Fibo levels it is clear that long term scenario for USDJPY is Bullish
-
http://prntscr.com/50mmn1
analysis for today 10 / 28 / 2014
USD/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 107.85
Retracement (50%) 107.93
retracement (61,8%) 108.00
Extensions (61.8%) 107.20
Extensions (100.0%) 106.95
Extensions (138.2%) 106.70
Extensions (161.8%) 106.55
calculation based on a Fibonacci retracement then today I choose sell
-
the price seems to move in upward trend today on the USDJPY chart as there are a blue dots below the bars and as long as the price keeps higher than the strong support of 106.8033 which is also the weekly Pivot point then it seems that the price may keep going north till it can hit the weekly pivot resistance at 108.9133 .
In other scenario if the price can break the support 106.8033 and get a bearish signals by a red dots then it’s expected to keep going south till the support of 105.4667 as the next weekly Pivot point.
http://bigimage.cz/photos/20010109979080847111738.gif .
-
Ms. USA pulled back a bit on Monday against Mr. Japanese Yen after breaking above the 23% Fibonacci level on Friday. The pair continues to dance above the Ichimoku cloud, and only a break below the 50% Fibonacci level at 104.320 would change our outlook to bearish.
http://investdiva.com/wp-content/upl...ing-player.png
Watch in a short video.
Visit Invest Diva website and learn more!