elliott irregular flat correction down 130.87 market should hold major support at 130.78 befor rising towards 132.29 or even 132.83limit
support and resistances
res2 132.83
res1 132.29
pivot 131.59
sup1 131.05
sup2 130.34
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elliott irregular flat correction down 130.87 market should hold major support at 130.78 befor rising towards 132.29 or even 132.83limit
support and resistances
res2 132.83
res1 132.29
pivot 131.59
sup1 131.05
sup2 130.34
eur/gbp technical analysis by using : average directional movement index
adx : 17.0365
+di : 16.0241
-di : 11.1015
time : 0500
timeframe : h1
date : 22.05.13
Eur/jpy technical analysis
date : 05.22.2013
time : 05:30 GMT
time frame : 15 min
indicator :
1) RSI (14)
value: 47.53
2) MACD (26,12,9)
value: -0.0044
3) ADX (14)
value: 13.60
4)CCI(14)
value: -23.45
overall treand - slightly bearish.
Pivot levels today:
R3: 133.29
R2: 132.85
R1: 132.55
PP: 132.10
S1: 131.80
S2: 131.35
S3: 131.07
Comment: Price now is above the daily and weekly pivot levels, also it is above the 55 SMA, so more rising is expected.
Forecast: Price may rise to 133.29.
EURJPY, 4H
Pivot Piont : 132.17
Moving Averages : buy
RSI (14) : 67.0560 neutral
CCI (14) : 268.6908 buy
MACD (26.12.9) : --2522 buy
the pair will go up to fibo
I see the pair will go to up way to 138.49
so our target buy from 133.11 and our target will 530pips
Good luck
whereas to date rely more EURJPY for good stop to buy, because prices already are at oversold zone 133.32, if you dare to put a sell then this is a good time to start with a target that is not too big around 15-20 pips possible will be achieved
http://www13.0zz0.com/2013/05/22/18/366718202.png
hi
the pair in (4h) chart
the pair trade above the up trend
rsi refers that the pair will go up
i will bay and our target 60 pips
The current effort of bulls to break a foothold above the medium-term horizontal resistance 132.58 failed, candle has a long upper wick and the evidence of the transforming power of bears, there is a big chance at the beginning of reducing go to 130.00 figure.
http://storage2.static.itmages.ru/i/...5e61ca2bc5.png
I see the pair will go to down way to 131.44
stochastic refers that the pair will go down
so our target sell from 132.44 and our target will 320pips
Good luck