the pair trade down the down trend in 1h chart
stochastic refers to down way
so the pair will continue to down way
http://www4.0zz0.com/2013/10/04/12/863937301.png
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the pair trade down the down trend in 1h chart
stochastic refers to down way
so the pair will continue to down way
http://www4.0zz0.com/2013/10/04/12/863937301.png
eur/jpy technical analysis basis of stochastic(5,3,3) and adx(14) for last few hours
stoch(5,3,3)
main : 55.81
signal : 65.48
adx(14)
adx : 27.83
+di : 16.30
-di : 1885
so we see the market
condition : neutral
overall trend : bearish
timeframe : m15
EUR / JPY retreat from the south showing the upper limit of a converging triangle (the point of tangency 133.00 figure) demonstrated today southern descent rate is now slowly but surely coming to the horizontal support of 131.60 in the first place from this level will be waiting for the northern lights out (to correct) - but break of 131.60 will open the sale.
today i like to sell this pair @ 132.44
my stop loss of the day @ 132.66
half take profit for today @ 132.18
and further half take profit @ 131.93
http://charts.mql5.com/2/682/eurjpy-...orex-group.png
we can see in the 1w chart
the pair trading down the 38.2
I see the pair will go to down way to 121.58
stochastic refers that the pair will go down
so our target sell from 131.71 and our target will 1013pips
Good luck
EUR / JPY today went to the lower boundary of the triangle-converging point of tangency with which 131.90, the pair about this long-term mark has completely stopped its decline and has even started to wrap back to the north, on the hourly chart Stochastic has formed a buy signal appears again to be the upper limit this triangle.
Bounce off support: The EUR/JPY was testing a rising support as well as the 131.61 support pivot during the 10/2 session, and it held going in the US part. After the ECB risk event as well as the news that Letta will remain Italy’s PM, the EUR/JPY rallied from that support.
Falling resistance: Before the EUR/JPY could test the previous resistance pivot at 133.47, it was challenged by a falling resistance that comes down from the 134.94 Sept. high. As we get into the 10/3 US session, the market appears to find resistance there showing a “dark cloud” candlestick pattern in the 4H chart.
Hi,,
in the chart 1h we can see the pair will go to down way in the future
I see the pair will go to 131.59
I expect from this analyze that the price will go to down way
so sell from 132.03 to 131.59
good luck
Data Tipe = Pivot Point
Pair= EURJPY
Time Frame = Dayly / 2013.10.04
Resistance 3 = 134.12
Resistance 2 = 133.66
Resistance 1 = 133.05
Pivot Point = 132.59
Support 1 = 131.98
Support 2 = 131.52
Support 3 = 130.91
This calculation is not a reference to create the opening position but merely an approximate calculation of the price movement.
I am not responsible for any errors that occur because the only information from the previous calculation
eur/jpy last day's closing analysis basis of stochastic(5,3,3) and adx(14) for last few hours
stoch(5,3,3)
main : 54.76
signal : 50.77
adx(14)
adx : 18.92
+di : 19.37
-di : 9.79
so we see the market
condition : neutral
overall trend : ranging
timeframe : m15