Eur/Jpy

http://www12.0zz0.com/2014/10/27/23/667985223.png




cci(14) : 5.633

bulls (13) : 0.14

i see the in pair up trend

so i will buy from : 136.91

and my target today is : 137.91

and target 2 today is : 139.91

On our EURJPY pair today we can see that the price is taking a downward direction and that’s due to the red dots above the candles if the price kept its position lower than the strong resistance 137.65 which happens to be a weekly pivot level then I can assume that price would be taking a south direction till it reaches the weekly pivot support 135.78 .
On the other hand if the price penetrated the resistance at the level 137.65 and blue dots appeared indicating bullish signals then I can assume that the price will be taking a north direction till it reaches the resistance of the level 138.29 of the next Pivot level.
http://bigimage.cz/photos/20010109979000291190961.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/20010109979026977130340.gif .

On the EURJPY chart you can see a bullish trend due to the green color of the super trend and it is the main indicator to know the price movement direction.
The Nonlong dot is colored in red and that is an indication for a sell signal.
The signals now are showing a week bullish trend also the buy trades can take place as soon as the Nonlog indicator have a changes to confirm the new direction.
When we talk to the stop loss area we can think about two ways to end first if the price reaches the support of 136.95 and the second when the super trend changes its color to red that means that the bullish trend has ended.
http://bigimage.cz/photos/20010109979027383132448.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 upward direction signal is indicated by the power line indicator which is above 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/20010109979030528455821.gif .

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/20010109979031998751848.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 buy signal by having a bullish intersection near the 80 th level Finally a sell 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 red 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/20010109979032440944045.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 0.12 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 137 could be considered a good stop loss for if there were buy orders indicated by the indicators we are using. http://bigimage.cz/photos/20010109979033550504922.gif

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analysis for today 10 / 28 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EUR/JPYon the date 10 / 27 / 2014
OPEN 137.04
HIGH 137.24
LOW 136.58
CLOSED 136.90

The third resistance (R3) 137.24 - ( 136.91 - 136.58 = 0.33 x 2 = 0.65 )= 137.89
The second Resistance (R2) 136.91 + 137.24 - 136.58 = 137.57
First resistance (R1) 136.91 x 2 = 273.81 - 136.58 = 137.23
pivot points 137.24 + 136.58 + 136.90 = 410.72 / 3 = 136.91
Support for the first (S1) 136.91 x 2 = 273.81 - 137.24 = 136.57
Support second (S2) 136.91 - ( 137.24 - 136.58 = 0.66 ) = 136.25
Third Support (S3) 136.58 - ( 137.24 - 136.91 = 0.33 x 2 = 0.67 )= 135.91

28.10.2014 9:09 EURJPY
EURJPY: consolidation under the 137.30 resistance level

Buy on a level breakthrough of 137.30 with 137.93 target. Stop loss = 136.80.

Reason for the trading strategy

Before the next gas talks between Ukraine, Russia and the EU, the euro cross rates show a tendency to increase. We believe that the demand for the EURJPY pair will increase as soon as the 137.30 resistance level is broken.

EURJPY, H4

https://www.exness.com/2014/10/28/eurjpy.png