Usd/jpy analysis for 06.17.2013 by using pivot indicator.
r3: 97.09
r2: 96.45
r1: 95.27
pivot: 94.63
s1: 93.45
s2: 92.81
s3: 91.63
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Usd/jpy analysis for 06.17.2013 by using pivot indicator.
r3: 97.09
r2: 96.45
r1: 95.27
pivot: 94.63
s1: 93.45
s2: 92.81
s3: 91.63
Usd/jpy analysis :
date : 06.17.13
time : 0715 GMT
time frame : 15 min
current rate : 94.92
high : 95.17
low : 94.10
net change : 0.79%
overall trend : slightly bullish.
Usd/jpy technical analysis
date : 06.17.2013
time : 08:30 GMT
time frame : 15 min
indicator :
1) RSI (14)
value: 59.38
2) MACD (26,12,9)
value: -0.0978
3) ADX (14)
value: 43.09
4)CCI(14)
value: 25.33
overall trend - strongly bullish.
USD/JPY intraday: the pair has struck in opposition to its resistance and stays under pressure.
Pivot@ 95.3
My choice: Open SELL beneath 95.3 with targets @ 94.35 & 93.75 in extension.
Alternate choice conditions: Over 95.3 start looking for further up-side with 95.85 & 96.5 as targets.
http://dl.dropbox.com/u/51561036/scr...617-174427.jpg
On the hourly chart is clearly visible formed a converging triangle, this figure has a bearish tone as there is a bias resistance area to the south (from 95.75-95.30 to 95.00), the first target figure of 94.00, but I think she is broken.
the pair will go up to fibo 38.2 I see the pair will go to up way to 96.34
stochastic refers that the pair will go up
so our target buy from 94.76 and our target will 160pips
http://charts.mql5.com/1/816/usdjpy-...orex-group.png
The pair is still under strong pressure to bear concentrated their forces in the area of moving an alligator, a couple is getting closer and closer to a draw in the lower area of fractals (support 94.00), this week I think should go to the 93.00 mark, and while waiting for my entry point to sell.
elliott correction zigzag 93.57 while below 102.10 - 103.79 it is move likley to fall futher towards 98.76 or 97.10 premature rise above 103.79 could see it rising above 107.11 zone
The following data is predicted based on indicators that we use for the currency pair USDJPY today, for today's resistance levels as follows: RI (95.69) R II (96.49) R III (97.14). and to this day support levels as follows: SI (93.20) S II (92.75) S IIII (91.57)
recommendation:
buy stop at 94.82 take profit 95.02 (buy area)
sell stop at 94.42 Take Profit 94.22 (sell area)
googd think abaot your opinion make me have any inspirationQuote:
Originally Posted by Anytime