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analysis for today 7 / 4 / 2014
EUR/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 139.13
Retracement (50%) 139.10
retracement (61,8%) 139.06
Extensions (61.8%) 139.44
Extensions (100.0%) 139.56
Extensions (138.2%) 139.68
Extensions (161.8%) 139.75
calculation based on a Fibonacci retracement then today I choose buy
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analysis for today 7 / 7 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EUR/JPYon the date 7 / 4 / 2014
OPEN 139.07
HIGH 139.09
LOW 138.56
CLOSED 138.73
The third resistance (R3) 139.09 - ( 138.79 - 138.56 = 0.23 x 2 = 0.47 )= 139.56
The second Resistance (R2) 138.79 + 139.09 - 138.56 = 139.32
First resistance (R1) 138.79 x 2 = 277.59 - 138.56 = 139.03
pivot points 139.09 + 138.56 + 138.73 = 416.38 / 3 = 138.79
Support for the first (S1) 138.79 x 2 = 277.59 - 139.09 = 138.50
Support second (S2) 138.79 - ( 139.09 - 138.56 = 0.53 ) = 138.26
Third Support (S3) 138.56 - ( 139.09 - 138.79 = 0.30 x 2 = 0.59 )= 137.97
Trading Signal - 07/07/2014 - 10:00 GMT +3
Instrument: EURJPY
60min CHART
Downwards Strong
A Medium probability, entry signal to go SHORT was given at 138.70 after the market found resistance at
138.90. Only the upward break of 138.90 would cancel the bearish scenario.
Support & Resistances
138.50 138.90
138.00 139.00
137.50 139.50
http://dl.dropbox.com/u/51561036/scr...707-220119.jpg
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analysis for today 7 / 7 / 2014
EUR/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 138.76
Retracement (50%) 138.83
retracement (61,8%) 138.89
Extensions (61.8%) 138.23
Extensions (100.0%) 138.03
Extensions (138.2%) 137.83
Extensions (161.8%) 137.70
calculation based on a Fibonacci retracement then today I choose sell
A down channel is now drawn on the EURJPY and the price is suggested to keep going downward on the short term .
Also you can see the price hits the down edge of donchain channel which may be a signal for heading north .
If you checked Awesome oscillator it shows a green bar below the level of 0 to indicate a buy signal at the current time .
Also the stostatic is showing a bullish singal by having a buy cross and the lines near the level of 20 .
I gess according to this data buying can be a winning bet and you can target the high level of donchain channel but waiting a confirmation from the awesome oscillator can increase the chance for winning buy trades .
[img]https://charts.mql5.com/5/156/eurjpy-h1-*********-lp.png[/img]
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analysis for today 7 / 8 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EUR/JPYon the date 7 / 7 / 2014
OPEN 138.74
HIGH 138.80
LOW 138.41
CLOSED 138.55
The third resistance (R3) 138.80 - ( 138.59 - 138.41 = 0.18 x 2 = 0.35 )= 139.15
The second Resistance (R2) 138.59 + 138.80 - 138.41 = 138.98
First resistance (R1) 138.59 x 2 = 277.17 - 138.41 = 138.76
pivot points 138.80 + 138.41 + 138.55 = 415.76 / 3 = 138.59
Support for the first (S1) 138.59 x 2 = 277.17 - 138.80 = 138.37
Support second (S2) 138.59 - ( 138.80 - 138.41 = 0.39 ) = 138.20
Third Support (S3) 138.41 - ( 138.80 - 138.59 = 0.21 x 2 = 0.43 )= 137.98
ess pair ka main trend euro ke baaki pairs par depend hota hai ya fir usd/jpy mein,ess pair mein abhi takk koi clear trend ka pata nahi chal raha esliye esme kaam karna hai to trader ko tight stop loss lagakar chalna hoga tabhi wo esme thik se kaam kar sakenga..
abhi eur/jpy mein itna movement dikhai nahi deta hain kafi bekar pair ho chuka hain ye ek samay tha is pair mein movement kafi jabardast hoti thi acha pips mil jata tha lekin ab to is pair se 10 pips per day bhi lena mushkil ho gaya hain
08/07/2014 Forecast
I think the price will bounce from the trend line decree below in red, at least it can do a corrective movement there because it is difficult to continue coming down with this power. In the case of closing under the line, it means that the price will continue going down.
http://i.imgur.com/mkvzleM.png
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analysis for today 7 / 8 / 2014
EUR/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 138.56
Retracement (50%) 138.61
retracement (61,8%) 138.65
Extensions (61.8%) 138.17
Extensions (100.0%) 138.02
Extensions (138.2%) 137.87
Extensions (161.8%) 137.78
calculation based on a Fibonacci retracement then today I choose sell