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eur/jpy technical analysis by using : average directional movement index wilder(14) & average directional movement index(14) on 22.08.13
timeframe : 1 hour
time : 1400
market trend : up
adx wilder(14) level
style : 24.39
+di : 30.98
-di : 15.81
adx(14) level
adx : 14.93
+di : 23.92
-di : 19.48
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 (130.84) R II (131.30) R III (131.56). and to this day support levels as follows: SI (130.08) S II (129.86) S IIII (129.45)
recommendation:
i think market will going sideway between r1-r3 ,so my recomendation place sell limit in r III,
On the daily chart shows a well-formed long-term equiangular triangle, today the pair came close to the upper boundary of the figure, to determine the direction of future movements cost wait for the breakdown of one of the boundaries of the triangle, most likely it will be the northern boundary (toward the trend) that should lead to 133.00 .
As you see in my following chart, the pair traded between a high of 130.97 and a low of 130.30, closed at 130.42. Today the pair trades below the resistance line of 132.35.
Downside Scenario: EURJPY could decline to the levels of 130.10 then 129.20, if the resistance line of 132.35 holds.
Upside Scenario: Upside penetration of the resistance line of 132.35 could send the pair to the levels of 133.10 then 134.05.
http://2.bp.blogspot.com/-ucIkeS6-iE...600/eurjpy.jpg
Of observations by the method of technical analysis I have seen of the currency pairs EUR/JPY and indicators that I use is the Bollinger Bands and fibbo.
It is seen that the position of the forex market are on point 131.54 and there is support and resistance on the (R3=131.41), (R2=131.16), (R1=130.84), (Pivots=130.58), (S1=130.32), (S2=130.18), (S3=129.97)
then I highly recommend you to open position SELL with
Take Profit is equal to 131.24 as well as Stop Loss at point 131.84
so that the target pips for today I think is at 50 pips
Welcome to new Thread, ap nai yeh thread kon c information kai liay dali hai. EUR/JPY pair to bohat kam use hota hia. yeh pair tu shayad japan walay hi use kartay hon gay. ap nai isi ko slect karna tha. kya.
EUR / JPY retreat from the north showing a blue alligator moving finally to determine the direction of motion and broke the strong area of the upper figure of 131.00 fractal-building above which allowed open the way to 131.90 and 132.60 (upper area of long-term fractal), continue to develop the northern signal stochastics on the daily chart.
The EUR/JPY In line 4H There are two consecutive summits
every top of the low of her pervious summit is
an indication of the low is uncertain,
and I expect his arrival to the resistance line at
the point of 131.61 and selling at this point
Daily pivot Fibonacci points: Resistance levels: R1: 131.00 R2: 131.30 R3: 131.60 Support levels: S1: 130.33 S2: 130.10 S3: 129.6
on currency pairs EUR/JPY I have predicted that there is a signal SELL in the time frame H1
because I was referring to the indicator fibbonaci to see support and resistance at R3=132.4, R2=132.12, R1=131.84, Pivots=131.58, S1=131.32, S2=131.18, S3=130.99
so I suggest to perform the requisite order SELL to
Take Profit 131.29 and Stop Loss 131.89
a target is likely to move by 80 pips