Eur/Jpy

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 blue 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/20141014141326287211951.gif .

As you can see on the EURJPY chart the price is moving at a bullish 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 buy 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 green 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://bigimage.cz/photos/20141014141326477398276.gif

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 0.002 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 136.37 could be considered a good stop loss for if there were buy orders indicated by the indicators we are using. http://bigimage.cz/photos/20141014141326454566891.gif

As we can see in the EURJPY chart the main trend is currently taking a up direction and that’s because of the position of the 5 and 6 EMAs which are Above the 35 EMA and as a result taking buy positions is the right choice once I get the confirmation from the other indicators that the direction will be bullish .
The parabolic sar indicator shows that the price might be taking a upward direction according to the dots below the candles The MACD indicator is giving me a buy signal which is currently moving above the 0 level also the CCI line is performing a upward signal as is at the Higher level.
As a conclusion to what I said earlier I do think that buying would be the best choice for now according to the EMA locations that of course unless the price gave a bearish signal instead.
http://bigimage.cz/photos/20141014141326671185457.gif .

On the EURJPY chart we can see that the prices are currently lower than that 15 EMA line which could act greatly as a bearish trend sign for the day.
A good downward direction signal is indicated by the power line indicator which is below the 50 level now.
Also a high power of the bearish trend is shown by the power momentum indicator which is really important as it can be used to filter the sell position's entry.
http://bigimage.cz/photos/20141014141326830317926.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 135.9 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 136.05 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/20141014141326799190598.gif .

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 135.1867 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 137.2867 .
On the other hand if the price penetrated the support at the level 135.1867 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 134.4533 of the next Pivot level.
http://bigimage.cz/photos/20141014141326889199558.gif .

When we see the chart of EURJPY there is down trend with up arrows and red candles in Henkin Ashi indicatror In the same time T3-Clean indicator makes an intersection with thw Snake indicator which make buy signal for now Finally there is blue signal at the trend-session that shows a strong possibility for up trend if we saw the last signal I think we should choose buy orders and it is the best betting for now for the buy operation target the resistance 136.55 is the best point to claim your profits http://bigimage.cz/photos/20141014141326623167381.gif

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analysis for today 10 / 14 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EUR/JPYon the date 10 / 13 / 2014
OPEN 135.84
HIGH 136.30
LOW 135.54
CLOSED 136.24

The third resistance (R3) 136.30 - ( 136.03 - 135.54 = 0.49 x 2 = 0.97 )= 137.27
The second Resistance (R2) 136.03 + 136.30 - 135.54 = 136.79
First resistance (R1) 136.03 x 2 = 272.05 - 135.54 = 136.51
pivot points 136.30 + 135.54 + 136.24 = 408.08 / 3 = 136.03
Support for the first (S1) 136.03 x 2 = 272.05 - 136.30 = 135.75
Support second (S2) 136.03 - ( 136.30 - 135.54 = 0.76 ) = 135.27
Third Support (S3) 135.54 - ( 136.30 - 136.03 = 0.27 x 2 = 0.55 )= 134.99

http://i59.tinypic.com/2vwyyrk.jpg

Pair: EURJPY
Type of analysis: Technical
Time frame: H1
Channel line: Bearish under pivot
Fibonacci Indicator: Bullish retracement
William %R Indicator: Bearish (continuation trend)

Final decision: Bearish