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Eur/jpy trend analysis by using different indicator
indicator :
1) RSI (14)
value: 45.33
2) MACD (26,12,9)
value: 0.1001
3) ADX (14)
value: 21.24
4)CCI(14)
value: 36.22
overall trend - slightly bearish.
elliott elongated flat correction down 129.56 markst should not go lower than 129.41 after this move down it should go up to 131.19 - 131.55 area
support and resistances
res2 132.72
res1 131.55
piovt 130.82
sup1 129.65
sup2 128.92
http://charts.mql5.com/2/133/eurjpy-...ex-group-3.png
we can see in the 1h chart
the pair will go up to fibo 38.2
I see the pair will go to up way to 131.32
macd refers that the pair will go up
so our target buy from 130.42 and our target will 70pips
Good luck
hi
we can see in the 4h chart
the pair can not close up the broken down trend line
I see the pair will go to down way to 129.24
stochastic refers that the pair will go down
so our target sell from 130.24 and our target will 100pips
http://charts.mql5.com/2/134/eurjpy-...orex-group.png
http://charts.mql5.com/2/134/eurjpy-...orex-group.png
we can see in the 1h chart
the pair will go up to fibo 50.0
I see the pair will go to up way to 131.37
stochastic refers that the pair will go up
so our target buy from 98.29 and our target will 95pips
Good luck
A break below 131.60 has confirmed the top
and we shud be luking for a break below 129.60
to confirm the top and test of the recent lows
regards
Eur/jpy market analysis for 29.07.13 by using moving averages.
EMA10-130.33 signal-buy
EMA20-130.38 signal-sell
EMA50-130.65 signal-sell
time frame- 15 min
The EUR/JPY has broken down support 131.10. If price then retraced and rejected by this level then we can find a short opportunity.
Couple on the last day very well down, but you can see that the price has come to the incline of the trend line is a horizontal support level, so I think if you have losses or consolidation can slowly buy with the same objectives of 132.75 ..