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we can see in the 4h chart the pair can not close down the broken up trend line
I see the pair will go to up way to 129.13 macd refers that the pair will go up
so our target buy from 128.13 and our target will 100pips
http://www.mql5.com/en/charts/423654...staforex-group
:peace:
time frame- H1
the price was breaking the ascending triangle chart pattern. the strong resistance 128.00 is hold and from this level price is also pull up. we can long because price is moving along the supporting trend line with the take profit at the 129.50 and stop loss at the 127.00
good luck.
Eur/jpy analysis for 06.20.2013 by using pivot indicator.
R3: 130.66
R2: 129.70
R1: 128.96
Pivot: 128.00
S1: 127.26
S2: 126.30
S3: 125.56
Eur/jpy analysis :
date : 06.20.13
time : 0715 GMT
time frame : 15 min
current rate : 1.29.64
high : 129.58
low : 127.80
net change : 1.01%
overall trend : slightly bullish.
I was not expecting eur/jpy to climb above 128.28 But If we get a break above channel resistance 129.34 and then 129.61
finally on daily then it means that long term wave 2 correction is over and larger wave 3 has started And we
should look for higher highs in coming future as the wave 3 unfolds and targets are way higher as it is
cycle wave
Regards
Check the chart
http://i1292.photobucket.com/albums/...ps20c2516b.png
Eur/jpy technical analysis
date : 06.20.2013
time : 08:00 GMT
time frame : 15 min
indicator :
1) RSI (14)
value: 74.82
2) MACD (26,12,9)
value: -0.3396
3) ADX (14)
value: 35.92
4)CCI(14)
value: 162.89
overall trend - slightly bullish.
eur/jpy market analysis by using : average directional movement index wilder
adx wilder(14) level
style : 29.62
+di : 33.28
-di : 9.81
time : 1100
timeframe : 1 hour
date : 20.06.2013
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 125.29
I expect from this analyze that the price will go to down way
so sell from 129.15 to 125.29
good luck
EUR/JPY Pivot Points
EURJPY H 4H D W M
R3 129.86 131.69 130.66 135.94 140.00
R2 129.71 130.80 129.70 133.61 136.91
R1 129.49 130.08 128.96 129.61 133.69
PP 129.34 129.19 128.00 127.28 130.60
S1 129.12 128.47 127.26 123.28 127.38
S2 128.97 127.58 126.30 120.95 124.29
S3 128.75 126.86 125.56 116.95 121.07
As you see in my following chart, the pair traded between a high of 128.74 and a low of 127.02, closed at 128.19. Today the pair trades below the bearish trend line at the price of 129.90.
Downside Scenario: EURJPY could decline to the levels of 128.40, then 127.20, if the bearish trend line at the price of 129.90 holds.
Upside Scenario: Upside penetration of the bearish trend line at the price of 129.90 could send the pair to the levels of 130.80 then 131.90.