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http://prntscr.com/456y9e
analysis for today 7 / 22 / 2014
EUR/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 137.03
Retracement (50%) 137.00
retracement (61,8%) 136.96
Extensions (61.8%) 137.30
Extensions (100.0%) 137.40
Extensions (138.2%) 137.50
Extensions (161.8%) 137.57
calculation based on a Fibonacci retracement then today I choose buy
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analysis for today 7 / 23 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EUR/JPYon the date 7 / 22 / 2014
OPEN 137.09
HIGH 137.31
LOW 136.58
CLOSED 136.62
The third resistance (R3) 137.31 - ( 136.84 - 136.58 = 0.26 x 2 = 0.51 )= 137.82
The second Resistance (R2) 136.84 + 137.31 - 136.58 = 137.57
First resistance (R1) 136.84 x 2 = 273.67 - 136.58 = 137.09
pivot points 137.31 + 136.58 + 136.62 = 410.51 / 3 = 136.84
Support for the first (S1) 136.84 x 2 = 273.67 - 137.31 = 136.36
Support second (S2) 136.84 - ( 137.31 - 136.58 = 0.73 ) = 136.11
Third Support (S3) 136.58 - ( 137.31 - 136.84 = 0.47 x 2 = 0.95 )= 135.63
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analysis for today 7 / 23 / 2014
EUR/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 137.03
Retracement (50%) 136.95
retracement (61,8%) 136.86
Extensions (61.8%) 137.76
Extensions (100.0%) 138.04
Extensions (138.2%) 138.32
Extensions (161.8%) 138.49
calculation based on a Fibonacci retracement then today I choose buy
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analysis for today 7 / 24 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EUR/JPYon the date 7 / 23 / 2014
OPEN 136.62
HIGH 136.75
LOW 136.40
CLOSED 136.62
The third resistance (R3) 136.75 - ( 136.59 - 136.40 = 0.19 x 2 = 0.38 )= 137.13
The second Resistance (R2) 136.59 + 136.75 - 136.40 = 136.94
First resistance (R1) 136.59 x 2 = 273.18 - 136.40 = 136.78
pivot points 136.75 + 136.40 + 136.62 = 409.77 / 3 = 136.59
Support for the first (S1) 136.59 x 2 = 273.18 - 136.75 = 136.43
Support second (S2) 136.59 - ( 136.75 - 136.40 = 0.35 ) = 136.24
Third Support (S3) 136.40 - ( 136.75 - 136.59 = 0.16 x 2 = 0.32 )= 136.08
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analysis for today 7 / 24 / 2014
EUR/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 136.62
Retracement (50%) 136.58
retracement (61,8%) 136.53
Extensions (61.8%) 136.97
Extensions (100.0%) 137.10
Extensions (138.2%) 137.23
Extensions (161.8%) 137.32
calculation based on a Fibonacci retracement then today I choose buy
As you can see on the EURJPY chart the price is moving at a bearish channel. Now the price hits the top edge of donchain channel and I can say that a sell trades can be open by now targeting the low edge Stostatic by the way have a sell signal by having a bearish intersection near the 80 th level Finally a sell signal is shown on the awesome oscillator as you can see by having the bars above the 0 level and also the last bar is colored by red To make a clear decision from the previous givens the price have a higher chance to head down till the lower level of donchain channel but if you face the down edge of manually drawn channel then you have to close any sell trades and for more strength for your trades waiting for a sell signals drom awesome oscillator and stostatic is prefered http://imagizer.imageshack.com/img661/3671/dc9a78.png
As i am a forex trader so different time i have had to use different pairs for my trading like other traders. But i do not know about Eur/Jpy . Please anyone helps me to know about this.
I think it's possible that the price will reflect during this period. Head ans shoulders pattern Can be formed that's why I advise you to follow this pair.
http://i.imgur.com/GYS4fnH.png
Trading Signal - 28/07/2014 - 10:00 GMT +3
Instrument: EURJPY
60min CHART
Downwards Weak
The market is testing resistance at 137.00. We are waiting to see reversal signals in order to reinstate
SHORT positions. Next important resistance the 137.30 level.
Support & Resistances
136.60 137.00
136.20 137.30
135.80 137.80
http://dl.dropbox.com/u/51561036/scr...729-022129.jpg
http://prntscr.com/4826ic
analysis for today 7 / 31 / 2014
EUR/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 137.44
Retracement (50%) 137.32
retracement (61,8%) 137.20
Extensions (61.8%) 138.42
Extensions (100.0%) 138.79
Extensions (138.2%) 139.16
Extensions (161.8%) 139.40
calculation based on a Fibonacci retracement then today I choose buy