Eur/Jpy

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analysis for today 11 / 20 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EUR/JPYon the date 11 / 19 / 2014
OPEN 146.48
HIGH 148.11
LOW 146.37
CLOSED 148.07

The third resistance (R3) 148.11 - ( 147.52 - 146.37 = 1.15 x 2 = 2.29 )= 150.40
The second Resistance (R2) 147.52 + 148.11 - 146.37 = 149.26
First resistance (R1) 147.52 x 2 = 295.03 - 146.37 = 148.66
pivot points 148.11 + 146.37 + 148.07 = 442.55 / 3 = 147.52
Support for the first (S1) 147.52 x 2 = 295.03 - 148.11 = 146.92
Support second (S2) 147.52 - ( 148.11 - 146.37 = 1.74 ) = 145.78
Third Support (S3) 146.37 - ( 148.11 - 147.52 = 0.59 x 2 = 1.19 )= 145.18

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 bullish 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/20141120141647072568386.gif

The 3 fast EMAs is heading above the slow EMA on the chart of EURJPY to let me think that we are on a beginning of a bullish trend for the upcoming day and according to that buy positions are very welcomed .
The parabolic sar indicator by the way offers a upward signal as you can see it's dots shown below the candles of the price and also the MACD indicator perform another buy signal as you can see it moving above the level of zero and in additional to that the upward signal of CCi is clear as it located near the it's higher level .
I think you can agree with me that buying the pair is a winning trade as I think we are not facing bearish trend very soon .
http://bigimage.cz/photos/20141120141646559136889.gif

As you can see on the EURJPY chart there are a bearish signal formed by the histogram indicator by getting a red line which appears below the level 0.
On the other hand the Market emotion indicators shows a kind of higher direction as you can see it is showing a green line for the last candle.
About the Guru indicator it is also showing a signal by seeing the line above the level 0 and the last bars is green then it is a good bullish signal.
Finally there are a buy cross formed by the two exponential moving averages 9 and 152 then you can consider a bullish trend on the coming candles.
As I think according to what you can see above buying is the side that I will choose in the current time and for a take profit the level of 149.1 is a good area as you can see it is the first resistance that the price can meet.
http://bigimage.cz/photos/20141120141647516208369.gif

On the EURJPY chart we can see a bullish trend due to the Super trend's green color that is my main indicator to know the market direction.
The Nonlong dot is colored in blue that indicates a buy signal.
The signal now shows a strong bullish trend and a buy trades are happening as soon as the Nonlog indicator changes to confirm the direction.
If we want to talk about the stop loss area there are two ways to determine first if the super trend changes into red color and if the price reaches 148.4 which is a support and that is the end of the bullish direction .
http://bigimage.cz/photos/20141120141646540163087.gif

On the EURJPY chart the MA indicator color was changed to be green at the same time the candles started to show a green color that can be consider as a good sign for a bullish trend to be going.
On the BB MACD indicator we can get green dots above the zero th level that is a signal for the strength of the bullish trend for now.
Due to the analysis I believe that the bullish direction is the powerful one and we should make buy trades targeting the resistance at 149.2 that can be easily reached by the price in the few coming hours but all of this only if the price is strong to hold above the support of 148.3 .
http://bigimage.cz/photos/20141120141646579112749.gif

There is a good buying signals appear today on the hourly chart of the EURJPY as the price have a blue arrow as the last signal to show by the EMA crossover indicator which uses a 2 exponential moving averages with different shifts and you can see the red line crossing above the blue one to perform the buy signal.
The same also happens on the QQE indicator which you can see below the chart where you can find the lines above the fifty levels and showing a buy cross.
I'm going to buy targeting the area of 147.25 as a resistance or till I can get a new sell cross by the 2 exponential moving averages.
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http://bigimage.cz/photos/20141120141647269165921.gif

The price is located above the grey line 148.18 of the MBFX indicator on the EURJPY chart for today and when taking a look on vestro indicator it makes a bearish saturation on its last move to form a sell signal for the coming time.
According to this considering a bullish trend is strongly recommended till the vestro indicates another signal taking a buy trades will be my choice for this day targeting the resistance levels at 149.13 and 150.09 on a row while you can use your sop level at the area of the upcoming support at 147.6 http://bigimage.cz/photos/20141120141647836161302.gif

According to the analysis made upon the EURJPY chart today I do notice that a weak bearish trend is taking place based on the oscillator which is now at 0.276 area located below the balance level while at the same time the indicator is giving us a blue signal which makes a weak indication that a bearish direction is taking place on the short term.
The moving average 5 on the chart giving us a down slope the top located at the price 148.24 could be considered a good stop loss for if there were sell orders indicated by the indicators we are using.
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http://bigimage.cz/photos/20141120141648257214442.gif

On the EURJPY chart the price in now having a bearish trend and the indication for that is the down red arrow above the price also you can find the sell cross between the snake and T2_clean on the 1H chart.
We have some levels that could effect on the direction like the support level at 147.5 which can be a good level to claim profits or to keep on your selling trades but in case of breaking it down and you can use the resistance level of 149.15 as a stop loss.
Unless there is an opposite buy cross occurs or a blue up arrow occurs then selling is the most right decision for the current time http://bigimage.cz/photos/20141120141648194769833.gif