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pair- eur/jpy
chart analysis time frame- m30
http://i61.tinypic.com/24mf77c.jpg
the price is making double top chart pattern with having the resistance at 138.50 level and rejecting up movement. the rsi indicator is also showing overbought so if this break the 138.25 level the short with the profit target at 137.80 and stop loss at the 138.70
good luck
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analysis for today 6 / 17 / 2014
EUR/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 138.03
Retracement (50%) 137.96
retracement (61,8%) 137.89
Extensions (61.8%) 138.59
Extensions (100.0%) 138.80
Extensions (138.2%) 139.01
Extensions (161.8%) 139.15
calculation based on a Fibonacci retracement then today I choose buy
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analysis for today 6 / 18 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EUR/JPYon the date 6 / 17 / 2014
OPEN 138.18
HIGH 138.51
LOW 138.16
CLOSED 138.34
The third resistance (R3) 138.51 - ( 138.34 - 138.16 = 0.18 x 2 = 0.35 )= 138.86
The second Resistance (R2) 138.34 + 138.51 - 138.16 = 138.69
First resistance (R1) 138.34 x 2 = 276.67 - 138.16 = 138.51
pivot points 138.51 + 138.16 + 138.34 = 415.01 / 3 = 138.34
Support for the first (S1) 138.34 x 2 = 276.67 - 138.51 = 138.16
Support second (S2) 138.34 - ( 138.51 - 138.16 = 0.35 ) = 137.99
Third Support (S3) 138.16 - ( 138.51 - 138.34 = 0.17 x 2 = 0.35 )= 137.81
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analysis for today 6 / 18 / 2014
EUR/JPY
Resistance : R1 139.07 R2 139.32 R3 139.52 R4 139.82
Support : S1 137.77 S2 137.52 S3 137.32 S4 137.02
Open : 138.35
High : 138.52
Low : 138.32
Range : 20 Pips
Running Price : 138.51
Strategy : BUY at the level 138.51 stop loss at the level 137.77 target take profit at the level 139.52 or at the level 139.82
Evident in Stoch indicator, EUR JPY will experience price reversals towards 138.34 or lower level than that. it may happen due to see the USDJPY pair also shows the same direction as the EURJPY.
http://s14.postimg.org/842arutlt/bieela_2014_06_18.jpg
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analysis for today 6 / 18 / 2014
EUR/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 138.29
Retracement (50%) 138.34
retracement (61,8%) 138.38
Extensions (61.8%) 137.94
Extensions (100.0%) 137.81
Extensions (138.2%) 137.68
Extensions (161.8%) 137.59
calculation based on a Fibonacci retracement then today I choose sell
pair- eur/jpy
chart analysis time frame- m30
http://i57.tinypic.com/2e4lwsk.jpg
the rsi indicator is moving down to the lower side from the overbought 70 level and in the price chart it is break daily resistance at 138.51 level and rejecting up movement from the 138.68 level. short with take profit at the 138.10 and stop loss at 139.00
good luck
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analysis for today 6 / 19 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EUR/JPYon the date 6 / 18 / 2014
OPEN 138.35
HIGH 138.71
LOW 138.32
CLOSED 138.54
The third resistance (R3) 138.71 - ( 138.52 - 138.32 = 0.20 x 2 = 0.41 )= 139.12
The second Resistance (R2) 138.52 + 138.71 - 138.32 = 138.91
First resistance (R1) 138.52 x 2 = 277.05 - 138.32 = 138.73
pivot points 138.71 + 138.32 + 138.54 = 415.57 / 3 = 138.52
Support for the first (S1) 138.52 x 2 = 277.05 - 138.71 = 138.34
Support second (S2) 138.52 - ( 138.71 - 138.32 = 0.39 ) = 138.13
Third Support (S3) 138.32 - ( 138.71 - 138.52 = 0.19 x 2 = 0.37 )= 137.95
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analysis for today 6 / 19 / 2014
EUR/JPY
Resistance : R1 139.15 R2 139.40 R3 139.60 R4 139.90
Support : S1 137.90 S2 137.65 S3 137.45 S4 137.15
Open : 138.53
High : 138.65
Low : 138.40
Range : .25 Pips
Running Price : 138.58
Strategy : BUY at the level 138.58 stop loss at the level 137.90 target take profit at the level 139.60 or at the level 139.90
Trading Signal - 19/06/2014 - 10:00 GMT +3
Instrument: EURJPY
60min CHART
Upwards Weak
The market is testing support at 138.40. We are waiting to see reversal signals in order to reinstate
LONG positions. Next important support the 138.10 level.
Support & Resistances
138.40 138.80
138.10 139.10
137.70 139.90
http://dl.dropbox.com/u/51561036/scr...619-214904.jpg