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analysis for today 10 / 7 / 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%) 137.48
Extensions (61.8%) 136.60
Extensions (100.0%) 136.32
Extensions (138.2%) 136.04
Extensions (161.8%) 135.88
calculation based on a Fibonacci retracement then today I choose sell
As you can see on the EURJPY chart the price is moving at a bearish channel. Now the price hits the low edge of donchain channel and I can say that a buy trades can be open by now targeting the high edge Stostatic by the way have a buy signal by having a bullish intersection near the 20 th level Finally a buy signal is shown on the awesome oscillator as you can see by having the bars below the 0 level and also the last bar is colored by green To make a clear decision from the previous givens the price have a higher chance to head up till the higher level of donchain channel but if you face the up edge of manually drawn channel then you have to close any buy trades and for more strength for your trades waiting for a buy signals drom awesome oscillator and stostatic is prefered http://bigimage.cz/photos/20141008141273318854478.gif
pair-eur/jpy
analysis time frame- m30
http://i57.tinypic.com/a9xzly.jpg
the price has been break the support at 137.00 level and falling down. this is making a pull back setup as rejecting down from the moving average 50. short with the profit target at 136.15 and stop loss above the pivot point at 137.35
good luck
http://prntscr.com/4u36yk
analysis for today 10 / 8 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EUR/JPYon the date 10 / 7 / 2014
OPEN 137.66
HIGH 137.76
LOW 136.55
CLOSED 136.85
The third resistance (R3) 137.76 - ( 137.05 - 136.55 = 0.50 x 2 = 1.01 )= 138.77
The second Resistance (R2) 137.05 + 137.76 - 136.55 = 138.26
First resistance (R1) 137.05 x 2 = 274.11 - 136.55 = 137.56
pivot points 137.76 + 136.55 + 136.85 = 411.16 / 3 = 137.05
Support for the first (S1) 137.05 x 2 = 274.11 - 137.76 = 136.35
Support second (S2) 137.05 - ( 137.76 - 136.55 = 1.21 ) = 135.84
Third Support (S3) 136.55 - ( 137.76 - 137.05 = 0.71 x 2 = 1.41 )= 135.14
ye pair mostly eur/usd ya fir usd/jpy ke pair par depend hokar he move hota hai,esme 136.80 level break hona sabse jada dangerous hai fir ye pair 135.00 takk ja sakta hai esliye esme achha entry ke luye candles ka help jaroor le nahi to bahut loss ho sakta hai..
I think that the price will continue this downside mouvement till he get the support level at than he will rise again to the 137.66 level.
http://i.imgur.com/9rvK3WI.png
EURO JPY ki market pivot point ke down chal rahi hai 1h chart ke hisab se hume es mai sell ki order achi profits deh sakta hai and 100 ki moving v bata ti hai ki market major sell area mai hai and app ko es mai sell hi karna chahi and jeh market ane wale dino mai v sell hone ke kafi chance najar aa rahe hai bai saab g
http://prntscr.com/4u7mjj
analysis for today 10 / 8 / 2014
EUR/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 137.30
Retracement (50%) 137.16
retracement (61,8%) 137.01
Extensions (61.8%) 138.51
Extensions (100.0%) 138.97
Extensions (138.2%) 139.43
Extensions (161.8%) 139.72
calculation based on a Fibonacci retracement then today I choose buy
On our EURJPY pair today we can see that the price is taking a upward direction and that’s due to the blue dots below the candles if the price kept its position higher than the strong support 136.4333 which happens to be a weekly pivot level then I can assume that price would be taking a north direction till it reaches the weekly pivot resistance 138.7033 .
On the other hand if the price penetrated the support at the level 136.4333 and red dots appeared indicating bearish signals then I can assume that the price will be taking a south direction till it reaches the support of the level 135.5067 of the next Pivot level.
http://bigimage.cz/photos/20141009141281795383723.gif .
on the EURJPY one hour chart you can see a green arrow which indicates a bullish trend for now which has a top supporting it at 136.75 also it can be used as a strong support as the price shouldn't go above it the trend still as a bullish trend.
And the dots of the parabolic sar indicator located below the candles and that sign for the price to go up In case of there are buying trades are taking place then i think that the 137.95 is a good place to close a part from your opening trades because the price has a good chance to go down after hitting it http://bigimage.cz/photos/20141009141281667205115.gif .