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http://prntscr.com/4a4aae
analysis for today 8 / 6 / 2014
EUR/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 137.32
Retracement (50%) 137.40
retracement (61,8%) 137.47
Extensions (61.8%) 136.69
Extensions (100.0%) 136.45
Extensions (138.2%) 136.21
Extensions (161.8%) 136.06
calculation based on a Fibonacci retracement then today I choose sell
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Trading Signal - 06/08/2014 - 10:00 GMT +3
Instrument: EURJPY
60min CHART
Downwards Strong
Waiting for a retracement higher towards the 137.20 resistance level in order to reinstate SHORT positions.
The market is testing resistance at 137.80. We are waiting to see reversal signals in order to reinstate SHORT positions. Next important resistance the 138.90 level.
Support & Resistances
136.80 137.20
136.60 137.40
136.50 137.60
http://dl.dropbox.com/u/51561036/scr...806-230148.jpg
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http://prntscr.com/4abvze
analysis for today 8 / 7 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EUR/JPYon the date 8 / 6 / 2014
OPEN 137.23
HIGH 137.23
LOW 136.19
CLOSED 136.63
The third resistance (R3) 137.23 - ( 136.68 - 136.19 = 0.49 x 2 = 0.99 )= 138.22
The second Resistance (R2) 136.68 + 137.23 - 136.19 = 137.72
First resistance (R1) 136.68 x 2 = 273.37 - 136.19 = 137.18
pivot points 137.23 + 136.19 + 136.63 = 410.05 / 3 = 136.68
Support for the first (S1) 136.68 x 2 = 273.37 - 137.23 = 136.14
Support second (S2) 136.68 - ( 137.23 - 136.19 = 1.04 ) = 135.64
Third Support (S3) 136.19 - ( 137.23 - 136.68 = 0.55 x 2 = 1.09 )= 135.10
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http://prntscr.com/4ado9l
analysis for today 8 / 7 / 2014
EUR/JPY
Resistance : R1 137.33 R2 137.58 R3 137.78 R4 138.08
Support : S1 136.36 S2 136.11 S3 135.91 S4 135.61
Open : 136.64
High : 137.11
Low : 136.58
Range : .53 Pips
Running Price : 136.84
Strategy : SELL at the level 136.84 stop loss at the level 137.33 target take profit at the level 135.91 or at the level 135.61
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http://prntscr.com/4afqig
analysis for today 8 / 7 / 2014
EUR/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 136.83
Retracement (50%) 136.71
retracement (61,8%) 136.59
Extensions (61.8%) 137.87
Extensions (100.0%) 138.27
Extensions (138.2%) 138.67
Extensions (161.8%) 138.91
calculation based on a Fibonacci retracement then today I choose buy
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We can note that this pair have break the red trend line decree below. That's why i think that we shouldn't open any buy deal.
for now we should wait till the price break the lower trend line of the flag pattern and than we get in short position.
http://i.imgur.com/8xLOACs.png
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http://prntscr.com/4anupg
analysis for today 8 / 8 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EUR/JPYon the date 8 / 7 / 2014
OPEN 136.64
HIGH 137.11
LOW 136.26
CLOSED 136.42
The third resistance (R3) 137.11 - ( 136.60 - 136.26 = 0.34 x 2 = 0.67 )= 137.78
The second Resistance (R2) 136.60 + 137.11 - 136.26 = 137.45
First resistance (R1) 136.60 x 2 = 273.19 - 136.26 = 136.93
pivot points 137.11 + 136.26 + 136.42 = 409.79 / 3 = 136.60
Support for the first (S1) 136.60 x 2 = 273.19 - 137.11 = 136.08
Support second (S2) 136.60 - ( 137.11 - 136.26 = 0.85 ) = 135.75
Third Support (S3) 136.26 - ( 137.11 - 136.60 = 0.51 x 2 = 1.03 )= 135.23
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http://prntscr.com/4aq74z
analysis for today 8 / 8 / 2014
EUR/JPY
Resistance : R1 136.47 R2 136.72 R3 136.92 R4 137.22
Support : S1 135.70 S2 135.45 S3 135.25 S4 134.95
Open : 136.41
High : 136.45
Low : 135.72
Range : 73 Pips
Running Price : 136.29
Strategy : SELL at the level 136.29 stop loss at the level 136.47 target take profit at the level 135.25 or at the level 134.95
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http://prntscr.com/4asdxi
analysis for today 8 / 8 / 2014
EUR/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 136.58
Retracement (50%) 136.69
retracement (61,8%) 136.79
Extensions (61.8%) 135.73
Extensions (100.0%) 135.41
Extensions (138.2%) 135.09
Extensions (161.8%) 134.88
calculation based on a Fibonacci retracement then today I choose sell
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http://prntscr.com/4b1nml
analysis for today 8 / 11 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EUR/JPYon the date 8 / 8 / 2014
OPEN 136.41
HIGH 136.93
LOW 135.72
CLOSED 136.83
The third resistance (R3) 136.93 - ( 136.49 - 135.72 = 0.77 x 2 = 1.55 )= 138.48
The second Resistance (R2) 136.49 + 136.93 - 135.72 = 137.70
First resistance (R1) 136.49 x 2 = 272.99 - 135.72 = 137.27
pivot points 136.93 + 135.72 + 136.83 = 409.48 / 3 = 136.49
Support for the first (S1) 136.49 x 2 = 272.99 - 136.93 = 136.06
Support second (S2) 136.49 - ( 136.93 - 135.72 = 1.21 ) = 135.28
Third Support (S3) 135.72 - ( 136.93 - 136.49 = 0.44 x 2 = 0.87 )= 134.85