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My daily trading,I hope the day is a success ...
EUR/JPY (Daily Trade)
Open : 130.07
Resistance : 129.77 129.97 130.27
Support : 129.44 129.24 128.94
High / Low : 130.49/ 129.28
Range : 121 pips
Running Price : 130.02
for intraday trade today suggest SELL at the level 130.02, stop loss at the level 129.77, target take profit at the level 128.94
===GOOD LUCK===
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vetra
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for 4 days EURJPY moves within a certain range, by the time tokyo open direct prices move up and start playing in the weekly LSMA. seems sellers began to weaken. This condition is also in line with the daily LSMA began to move horizontally, and price also play on LSMA daily. if the price of a few hours can make daily LSMA pointing up, then the trend is likely to commence buy. Secure transaction is buy. place a stop loss at the daily low.
the pair broke the down trend to up way in chart 1h
stochastic refers to up way
so the pair will continue to up way
http://www13.0zz0.com/2013/08/20/09/841652596.png
The following data is predicted based on indicators that we use for the currency pair EURJPY today, for today's resistance levels as follows: RI (131.04) R II (131.54) R III (132.08). and to this day support levels as follows: SI (129.43) S II (129.08) S IIII (128.37)
recommendation:
place your sell stop at 130.11 target profit at 129.91 (Seller zones)
place your buy stop at 130.51 profit target at 130.71 (buyer zone)
Eur/jpy analysis for 08.20.2013 by using pivot indicator.
r3: 131.949
r2: 131.482
r1: 130.780
pivot: 130.313
s1: 129.611
s2: 129.144
s3: 128.442
EUR/JPY pair is now up trend. The price already touched daily pivot point (130.357). I think the price may touch Fibo 61.8 level and upper trend line.
http://i1311.photobucket.com/albums/...ps812c1d08.jpg
Eur/jpy technical analysis
date : 08.20.2013
time : 11:15 GMT
time frame : 15 min
indicator :
1) RSI (14)
value: 52.49
2) MACD (26,12,9)
value: -0.0650
3) ADX (14)
value: 20.99
4)CCI(14)
value: 6.27
overall trend - strongly bullish.
today i like to buy this pair @ 129.55
my stop loss of the day @ 129.35
half take profit for today @ 129.77
and further half take profit @ 129.96
As you see in my following chart, the pair traded between a high of 131.00 and a low of 129.82, closed at 130.06. Today the pair trades below the resistance line of 130.65.
Downside Scenario: EURJPY could decline to the levels of 129.00 then 128.10, if the resistance line of 130.65 holds.
Upside Scenario: Upside penetration of the resistance line of 130.65 could send the pair to the levels of 131.50 then 132.30
http://2.bp.blogspot.com/--5JKXBiHjY...600/EURJPY.jpg
Trading Signal - 20/8/2013 - 10:00 GMT+3
Instrument: EUR/JPY
60min CHART
Downwards Strong
A Medium probability, entry signal to go SHORT was given at 130.00 after the market completed a bearish trend reversal pattern. Only the upward break of 130.50 would cancel the bearish scenario.
http://dl.dropbox.com/u/51561036/scr...820-222531.jpg