-
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 144.5067 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 140.6867 .
On the other hand if the price penetrated the resistance at the level 144.5067 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 146.2633 of the next Pivot level.
http://bigimage.cz/photos/20010125980379402627026.gif .
-
Daily Forecast
Pair: EURJPY
Major Trend: Bullish
Time Frame: D1
Reason: The price has broken the resistance at 144.20. The price will likely correction in fibo 38.2 (143.37). RSI is still in overbought area.
Recommendation: Buy with a target price of 145.24
-
http://prntscr.com/55u9z4
analysis for today 11 / 13 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EUR/JPYon the date 11 / 12 / 2014
OPEN 144.40
HIGH 144.69
LOW 143.34
CLOSED 143.63
The third resistance (R3) 144.69 - ( 143.89 - 143.34 = 0.55 x 2 = 1.09 )= 145.78
The second Resistance (R2) 143.89 + 144.69 - 143.34 = 145.24
First resistance (R1) 143.89 x 2 = 287.77 - 143.34 = 144.43
pivot points 144.69 + 143.34 + 143.63 = 431.66 / 3 = 143.89
Support for the first (S1) 143.89 x 2 = 287.77 - 144.69 = 143.08
Support second (S2) 143.89 - ( 144.69 - 143.34 = 1.35 ) = 142.54
Third Support (S3) 143.34 - ( 144.69 - 143.89 = 0.80 x 2 = 1.61 )= 141.73
-
Price formation pair continued to prompt a strong bullish note for the arrival of the level of trading at 144.70 yesterday and is supported by Trgihana control the rising tendency, we recall the stability of the main objective of the current period on the level of 145.50
-
13 November 2014 EUR/JPY: This currency trading instrument has trended upwards by more than 200 pips this week, resulting in a stronger Bullish Confirmation Pattern in the chart. The current pullback is expected to be short-lived. More purchasing opportunities are better sought at pullbacks.
-
pair- eur/jpy
analysis time frame- m15
http://i61.tinypic.com/2efm0bm.jpg
the price is moving up side with breaking the resistance of moving moving average and pivot point at 143.89 but its not able to break the resistance at 144.30 and again down side. if this is move below the 143.85 then again down movement to the support 143.40 can expected. short with stop loss at 144.40
good luck.
-
The form of the price of the pair trades sideways mile yesterday to keep the stability around the 144.00 level, which supports the upside bias control until this moment, we will keep waiting for test price coaxial stationed around 145.50 resistance
-
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 140.6867 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 144.5067 .
On the other hand if the price penetrated the support at the level 140.6867 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 138.6233 of the next Pivot level.
http://bigimage.cz/photos/20010126980472814101702.gif .
-
http://prntscr.com/565j8i
analysis for today 11 / 13 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EUR/JPYon the date 11 / 12 / 2014
OPEN 143.64
HIGH 144.58
LOW 143.56
CLOSED 144.42
The third resistance (R3) 144.58 - ( 144.19 - 143.56 = 0.63 x 2 = 1.25 )= 145.83
The second Resistance (R2) 144.19 + 144.58 - 143.56 = 145.21
First resistance (R1) 144.19 x 2 = 288.37 - 143.56 = 144.81
pivot points 144.58 + 143.56 + 144.42 = 432.56 / 3 = 144.19
Support for the first (S1) 144.19 x 2 = 288.37 - 144.58 = 143.79
Support second (S2) 144.19 - ( 144.58 - 143.56 = 1.02 ) = 143.17
Third Support (S3) 143.56 - ( 144.58 - 144.19 = 0.39 x 2 = 0.79 )= 142.77
-
14 November 2014,The EUR/JPY prints another high at 144.83 levels for now. The pair fails to break lower for now and 143.50 is interim support for bulls to remain in control. The pair looks to be stretched out and a correction should be due any time. Resistance is seen at 145.00/50 levels, while support is at 143.50, followed by 142.00 and lower respectively. Please note that both the support trend lines remain intact for now. A break below the recent trend line and subsequently 143.50 could indicate that a potential intermediary top is in place at 144.80 levels and that the pair could drift lower towards the larger trend line support into the 139.00/140.00 region.
Trading recommendations: Remain short for now, stop at 145.10 target is 139.00/140.00.
Spoiler: