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http://s14.postimg.org/99g42bof5/bieela_2014_06_11.jpg
obviously there will be a reversal of the price, because it has been confirmed stoch indicator shows to buy, if it can touch the level of 138.82 EURJPY, will most likely continue to rise up to 139.02 - 139.22 or may be higher than that.
pair- eur/jpy
chart analysis time frame- m30
http://i61.tinypic.com/1z3rrsw.jpg
the rsi indicator is showing oversold and its moving out from the level 30. the price is also making hammer pattern followed with bullish candle. if this is close above the 138.23 level then long with take profit at 138.80 and stop loss at 137.50
good luck
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analysis for today 6 / 11 / 2014
EUR/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 138.79
Retracement (50%) 138.91
retracement (61,8%) 139.02
Extensions (61.8%) 137.82
Extensions (100.0%) 137.45
Extensions (138.2%) 137.08
Extensions (161.8%) 136.85
calculation based on a Fibonacci retracement then today I choose sell
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analysis for today 6 / 12 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EUR/JPYon the date 6 / 11 / 2014
OPEN 138.62
HIGH 138.63
LOW 137.85
CLOSED 138.09
The third resistance (R3) 138.63 - ( 138.19 - 137.85 = 0.34 x 2 = 0.68 )= 139.31
The second Resistance (R2) 138.19 + 138.63 - 137.85 = 138.97
First resistance (R1) 138.19 x 2 = 276.38 - 137.85 = 138.53
pivot points 138.63 + 137.85 + 138.09 = 414.57 / 3 = 138.19
Support for the first (S1) 138.19 x 2 = 276.38 - 138.63 = 137.75
Support second (S2) 138.19 - ( 138.63 - 137.85 = 0.78 ) = 137.41
Third Support (S3) 137.85 - ( 138.63 - 138.19 = 0.44 x 2 = 0.88 )= 136.97
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analysis for today 6 / 12 / 2014
EUR/JPY
Resistance : R1 138.52 R2 138.77 R3 138.97 R4 139.27
Support : S1 137.56 S2 137.31 S3 137.11 S4 136.81
Open : 138.08
High : 138.31
Low : 137.77
Range : 54 Pips
Running Price : 137.98
Strategy : SELL at the level 137.98 stop loss at the level 138.52 target take profit at the level 137.11 or at the level 136.81
In the European session EURJPY failed to penetrate the S1: 137.75, and most likely there will be a reversal of the price to the level of 138.53 or may be higher than that. It is clear that the stoch has been oversold and have started to rise.
http://s14.postimg.org/hljo8xlr5/bieela_2014_06_12.jpg
pair- eur/jpy
chart analysis time frame- m30
http://i61.tinypic.com/1zz27pf.jpg
resistance of the moving average at 138.10 level has been break and this is also having up trend signal with parabolic sar. this is not able to move at the daily support 137.74 level. this up movement can expected to the resistance at 138.53 level. long with stop loss at 137.50
good luck
http://prntscr.com/3s4jgk
analysis for today 6 / 12 / 2014
EUR/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 138.15
Retracement (50%) 138.24
retracement (61,8%) 138.33
Extensions (61.8%) 137.37
Extensions (100.0%) 137.07
Extensions (138.2%) 136.77
Extensions (161.8%) 136.59
calculation based on a Fibonacci retracement then today I choose sell
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analysis for today 6 / 13 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EUR/JPYon the date 6 / 12 / 2014
OPEN 138.09
HIGH 138.31
LOW 137.70
CLOSED 137.79
The third resistance (R3) 138.31 - ( 137.93 - 137.70 = 0.23 x 2 = 0.47 )= 138.78
The second Resistance (R2) 137.93 + 138.31 - 137.70 = 138.54
First resistance (R1) 137.93 x 2 = 275.87 - 137.70 = 138.17
pivot points 138.31 + 137.70 + 137.79 = 413.80 / 3 = 137.93
Support for the first (S1) 137.93 x 2 = 275.87 - 138.31 = 137.56
Support second (S2) 137.93 - ( 138.31 - 137.70 = 0.61 ) = 137.32
Third Support (S3) 137.70 - ( 138.31 - 137.93 = 0.38 x 2 = 0.75 )= 136.95
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analysis for today 6 / 13 / 2014
EUR/JPY
Resistance : R1 138.47 R2 138.72 R3 138.92 R4 139.22
Support : S1 137.77 S2 137.52 S3 137.32 S4 137.02
Open : 137.79
High : 138.52
Low : 137.72
Range : 80 Pips
Running Price : 138.33
Strategy : BUY at the level 138.33 stop loss at the level 137.77 target take profit at the level 138.92 or at the level 139.22