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We can see that the price of the EURJPY chart we can see that the price is moving above the EMA indicator wave to make a bullish direction during the day Also the RSI indicator shows a buy signal which shows by the line going above the center line of 35 This can be combined with the data from the Macd indicator that is shown by the green lines that going up to indicate that the market bulls are dominating on the market for now I think that you should think in going for bulls until another sell signals appears on the chart by getting the price below the wave of the EMA indicators.
http://bigimage.cz/photos/20141009141282316104617.gif .
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According to the analysis made upon the EURJPY chart today I do notice that a week bullish trend is taking place based on the oscillator which is now at 0.042 area located above the balance level while at the same time the indicator is giving us a blue signal which makes a week indication that a bullish direction is taking place on the short term. The moving average 5 on the chart giving us a down slope the bottom located at the price 137.61 could be considered a good stop loss for if there were buy orders indicated by the indicators we are using. http://bigimage.cz/photos/20141009141282487204476.gif
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The momentum indicator shows a clear cross on the EURJPY chart when the blue line heads above the red line to construct a very good buying signal for now On the Oracle Strength indicator a yellow color is shown and it is an indication for the bullish direction for the EURJPY pair.
The blue color of the arrows can be a confirmation for the upward direction at the Oracle direction indicator.
As a result of the previous indicators the Bearish trend would be appeared as the buy cross of the momentum indicator appears on the chart and the buy trades advised to be taken as the ATR indicator still showing a buy signals.
http://bigimage.cz/photos/20141009141282820314071.gif .
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analysis for today 10 / 9 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EUR/JPYon the date 10 / 8 / 2014
OPEN 136.86
HIGH 137.93
LOW 136.65
CLOSED 137.62
The third resistance (R3) 137.93 - ( 137.40 - 136.65 = 0.75 x 2 = 1.50 )= 139.43
The second Resistance (R2) 137.40 + 137.93 - 136.65 = 138.68
First resistance (R1) 137.40 x 2 = 274.80 - 136.65 = 138.15
pivot points 137.93 + 136.65 + 137.62 = 412.20 / 3 = 137.40
Support for the first (S1) 137.40 x 2 = 274.80 - 137.93 = 136.87
Support second (S2) 137.40 - ( 137.93 - 136.65 = 1.28 ) = 136.12
Third Support (S3) 136.65 - ( 137.93 - 137.40 = 0.53 x 2 = 1.06 )= 135.59
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pair- eur/jpy
analysis time frame- m30
http://i61.tinypic.com/2dv0gtt.jpg
the rsi indicator is showing oversold as moving level 30 and in the price chart its break the support at 136.87 level but may be not up trend till hitting lower support at 136.55 level. hold the short entry with stop loss at the 137.00
good luck
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The momentum indicator shows a clear cross on the EURJPY chart when the blue line heads below the red line to construct a very good selling signal for now On the Oracle Strength indicator a yellow color is shown and it is an indication for the bullish direction for the EURJPY pair.
The red color of the arrows can be a confirmation for the downward direction at the Oracle direction indicator.
As a result of the previous indicators the Bearish trend would be appeared as the sell cross of the momentum indicator appears on the chart and the sell trades advised to be taken as the ATR indicator still showing a sell signals.
http://bigimage.cz/photos/20141010141290099844336.gif .
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On the ====================== chart today we can see that the Gann SSI indicator is moving in a upward direction while making a 0 color which can only means that a up trend is to be taking place.
I think I’ll be concentrating on the buy orders for the time being unless the support area indicated by the grid at the price 0 got broken.
According to the Range indicator there is a 0 colored range which indicates a buy direction at this moment.
In the end by using the signals coming from the filter indicator the 0 bar on the indicator indicates that we should wait for it to confirm the buy entry.
EURGBP .
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We can see that the price of the EURJPY chart we can see that the price is moving below the EMA indicator wave to make a bearish direction during the day Also the RSI indicator shows a sell signal which shows by the line going below the center line of 35 This can be combined with the data from the Macd indicator that is shown by the green lines that going down to indicate that the market bears are dominating on the market for now I think that you should think in going for bears until another buy signals appears on the chart by getting the price above the wave of the EMA indicators.
http://bigimage.cz/photos/20141010141290593383374.gif .
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According to the analysis made upon the EURJPY chart today I do notice that a strong bearish trend is taking place based on the oscillator which is now at 0.062 area located below the balance level while at the same time the indicator is giving us a red signal which makes a strong indication that a bearish direction is taking place on the short term. The moving average 5 on the chart giving us a UP slope the top located at the price 136.76 could be considered a good stop loss for if there were sell orders indicated by the indicators we are using. http://bigimage.cz/photos/20141010141290640124517.gif
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As you can see on the EURJPY chart the price is moving at a bullish 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/20141010141290658203566.gif