every currency depend on news when news coming ... u make stredgy graph trend line support & resitance also febo reversal ... coz every pair need planing ... no planing no profit...always work with trend
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every currency depend on news when news coming ... u make stredgy graph trend line support & resitance also febo reversal ... coz every pair need planing ... no planing no profit...always work with trend
i have been trading in the Eur/Usd currency pair and is looking forward to start trading in this pair as well.thatswhy i came into this thread to know if this pairs has almost the same momentum like the one i am trading in already.i shall be thankful if anyone can guide me about this.
Eur/Jpy is a good pair to trade,the reason for this is that this pair of currency is almost stable in its trend and it shows small variations.thus it will be good to trade because there will be less risks and less loss.
---------- Post added at 01:50 AM ---------- Previous post was at 01:49 AM ----------
currency ka ye pair dekha jaye to kafi stable he aur iski market movement kafi slow hoti he ji ki wja se ye tremds me boht km tabdilian show krta he.lihaza is me trade kai better hogi kyun k is me loss k km chances hote hen.
---------- Post added at 01:52 AM ---------- Previous post was at 01:50 AM ----------
eur/jpy where it is god for trading due to its slow trends changing quality is also sometimes risky because when there is a speech by fed chairman,there are sudden changes in its trends and it becomes risky.
http://prntscr.com/4dwhzu
analysis for today 8 / 18 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EUR/JPYon the date 8 / 15 / 2014
OPEN 136.92
HIGH 137.60
LOW 136.76
CLOSED 137.15
The third resistance (R3) 137.60 - ( 137.17 - 136.76 = 0.41 x 2 = 0.82 )= 138.42
The second Resistance (R2) 137.17 + 137.60 - 136.76 = 138.01
First resistance (R1) 137.17 x 2 = 274.34 - 136.76 = 137.58
pivot points 137.60 + 136.76 + 137.15 = 411.51 / 3 = 137.17
Support for the first (S1) 137.17 x 2 = 274.34 - 137.60 = 136.74
Support second (S2) 137.17 - ( 137.60 - 136.76 = 0.84 ) = 136.33
Third Support (S3) 136.76 - ( 137.60 - 137.17 = 0.43 x 2 = 0.86 )= 135.90
http://prntscr.com/4dxulu
analysis for today 8 / 18 / 2014
EUR/JPY
Resistance : R1 137.71 R2 137.96 R3 138.16 R4 138.46
Support : S1 136.45 S2 136.20 S3 136.00 S4 135.70
Open : 137.03
High : 137.20
Low : 136.96
Range :.24 Pips
Running Price : 137.14
Strategy : BUY at the level 137.14 stop loss at the level 136.45 target take profit at the level 138.16 or at the level 138.46
http://prntscr.com/4e1w0z
analysis for today 8 / 18 / 2014
EUR/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 137.28
Retracement (50%) 137.18
retracement (61,8%) 137.08
Extensions (61.8%) 138.12
Extensions (100.0%) 138.44
Extensions (138.2%) 138.76
Extensions (161.8%) 138.96
calculation based on a Fibonacci retracement then today I choose buy
http://prntscr.com/4e8g05
analysis for today 8 / 19 / 2014
EUR/JPY
Resistance : R1 137.73 R2 137.98 R3 138.18 R4 138.48
Support : S1 136.38 S2 136.13 S3 135.93 S4 135.63
Open : 137.05
High : 137.13
Low : 136.98
Range : 15 Pips
Running Price : 137.05
Strategy : BUY at the level 137.05 stop loss at the level 136.38 target take profit at the level 138.18 or at the level 138.48
http://prntscr.com/4e7oed
analysis for today 8 / 19 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EUR/JPYon the date 8 / 18 / 2014
OPEN 137.03
HIGH 137.25
LOW 136.90
CLOSED 137.06
The third resistance (R3) 137.25 - ( 137.07 - 136.90 = 0.17 x 2 = 0.34 )= 137.59
The second Resistance (R2) 137.07 + 137.25 - 136.90 = 137.42
First resistance (R1) 137.07 x 2 = 274.14 - 136.90 = 137.24
pivot points 137.25 + 136.90 + 137.06 = 411.21 / 3 = 137.07
Support for the first (S1) 137.07 x 2 = 274.14 - 137.25 = 136.89
Support second (S2) 137.07 - ( 137.25 - 136.90 = 0.35 ) = 136.72
Third Support (S3) 136.90 - ( 137.25 - 137.07 = 0.18 x 2 = 0.36 )= 136.54
http://prntscr.com/4ed8ad
analysis for today 8 / 19 / 2014
EUR/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 137.12
Retracement (50%) 137.08
retracement (61,8%) 137.03
Extensions (61.8%) 137.47
Extensions (100.0%) 137.60
Extensions (138.2%) 137.73
Extensions (161.8%) 137.82
calculation based on a Fibonacci retracement then today I choose buy
Trading analysis for 20th August, 2014. In Daily chart EURJPY shows bullish trend. At present the price breaks 1st resistance level and near to the 2nd resistance level. If the price continue to go upward then next strong resistance level is 137.753.
Pivot: 137.006
Resistance levels
R1 137.209
R2 137.347
R3 137.550
R4 137.753
Support levels
S1 136.868
S2 136.665
S3 136.527
S4 136.389
Attachment 11144