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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 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 buy signal by having a bullish 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/20010101978308437203985.gif
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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/20010101978308379142188.gif .
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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 134.7667 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 137.3367 .
On the other hand if the price penetrated the support at the level 134.7667 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 133.1633 of the next Pivot level.
http://imagez.me/photos/20141019141375839828464.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 blue 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 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://imagez.me/photos/20141019141375832119194.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 0.25 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 UP slope the bottom located at the price 136.46 could be considered a good stop loss for if there were buy orders indicated by the indicators we are using. http://imagez.me/photos/image/
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When we see the chart of EURJPY there is up trend with up arrows and blue 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 137.01 is the best point to claim your profits http://bigimage.cz/photos/20010101978309365112593.gif
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According to my analysis on the AUDJPY chart for today I believe the market is going to move in a bullish direction due to the Green line above level 0 which is considered a bullish signal made by the histogram indicator A bullish direction signal is formed by the Market Emotion indicator as it shows a green line for the last candle.
As for the guru indicator it also does shows a great bullish signal which was deducted as the line is above the level 0 and the last bars were Green Last but not least there is a cross with a buy type made by the crossing of the two EMAs 9 and 152 then a bullish trend is to be considered on the upcoming candles According to that buying would be a great idea at the moment considering what we saw now and I would also recommend taking 94.43 as a take profit since it is the first resistance to be encountered by the price.
http://bigimage.cz/photos/20010101978310474100207.gif
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On the AUDJPY chart now you can indicate that the price is currently moving below the MBFX indicator's BLUE line which is the BALANCED area Currently by looking on the last signal on vestro indicator it was a bearish saturation signal by going to -100 level of vestro which may be a good notification about going north for the current time If you decided to enter long then you can target the next level of resistance on MBFX indicator at area of 93.64 as first take profit and 93.45 as your next and final target as long as the price did not hit 94.25 which can be used also as stop loss for your buy trades .
http://bigimage.cz/photos/20010101978313612122438.gif
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I can recognize a clear bullish trend on the chart of the AUDJPY as there are a blue golden super K candle appears as the last signal which leads the market to move higher also the golden tendency string indicator have a blue up signal which can be merge with the blue dot of the golden finger indicator to prove a strength of the upward trend for the current prices.
The golden variety is a good indicator in order to help you to determine the strength of the trend and in this case the indicator have a 4up signal by now so that I can say a strong bullish trend will take a place on the coming day.
By the way the MACD shows a good upward signal by its move as you can see the both EMA is making a bullish cross and the MACD bars is appearing above the balanced line of 0.
buy buy trades can take a place from now forward and to define a good take profit for it you can target the next resistance level and from my point of view the level 94.25 is a good price to consider it as the next resistance http://bigimage.cz/photos/20010101978315081112711.gif
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analysis for today 10 / 20 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EUR/JPYon the date 10 / 17 / 2014
OPEN 136.20
HIGH 136.71
LOW 135.75
CLOSED 136.39
The third resistance (R3) 136.71 - ( 136.28 - 135.75 = 0.53 x 2 = 1.07 )= 137.78
The second Resistance (R2) 136.28 + 136.71 - 135.75 = 137.24
First resistance (R1) 136.28 x 2 = 272.57 - 135.75 = 136.82
pivot points 136.71 + 135.75 + 136.39 = 408.85 / 3 = 136.28
Support for the first (S1) 136.28 x 2 = 272.57 - 136.71 = 135.86
Support second (S2) 136.28 - ( 136.71 - 135.75 = 0.96 ) = 135.32
Third Support (S3) 135.75 - ( 136.71 - 136.28 = 0.43 x 2 = 0.85 )= 134.90