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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 lower direction as you can see it is showing a red 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 sell cross formed by the two exponential moving averages 9 and 152 then you can consider a bearish trend on the coming candles.
As I think according to what you can see above selling is the side that I will choose in the current time and for a take profit the level of 147 is a good area as you can see it is the first support that the price can meet.
http://bigimage.cz/photos/20141203141758954173170.gif
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There is a good selling signals appear today on the hourly chart of the EURJPY as the price have a red 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 below the blue one to perform the sell signal.
The same also happens on the QQE indicator which you can see below the chart where you can find the lines below the fifty levels and showing a sell cross.
I'm going to sell targeting the area of 148.15 as a support or till I can get a new buy cross by the 2 exponential moving averages.
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http://bigimage.cz/photos/20141203141759014555593.gif
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According to the analysis made upon the EURJPY chart today I do notice that a strong bearish trend is taking place based on the oscillator which is now at 0.176 area located below the balance level while at the same time the indicator is giving us a red signal which makes a strong 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 147.6 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/20141203141759047127829.gif
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The price is located above the blue line 147.49 of the MBFX indicator on the EURJPY chart for today and when taking a look on vestro indicator it makes a bullish saturation on its last move to form a buy 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 147.79 and 147.98 on a row while you can use your sop level at the area of the upcoming support at 147.19 http://bigimage.cz/photos/20141203141759094129508.gif
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For today the daily opening was lower than it was yesterday that can make us to say that the down trend occurs.
On the EURJPY chart and according to the new data we can see a red down arrow above the price that indicates a bearish signal on the short term trades.
We can guess that the last opening was at 147.05 and it can be used as a take profit because it can act as a strong support which the price will face difficulties to break it and go down At last I prefer to use a trading system to enter the trades and we can wait to see a clear red line of the check indicator and at the exact moment trader indicator have to be red so that we can be assured that there is a bearish trend before opening the sell positions.
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analysis for today 12 / 3 / 2014
EUR/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 147.58
Retracement (50%) 147.48
retracement (61,8%) 147.37
Extensions (61.8%) 148.43
Extensions (100.0%) 148.75
Extensions (138.2%) 149.07
Extensions (161.8%) 149.28
calculation based on a Fibonacci retracement then today I choose buy
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We can see that the price of the EURJPY chart we can see that the price is moving below the EMA indicator wave to make a bearish direction during the day.
Also the RSI indicator shows a sell signal which shows by the line going below 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 bulls are dominating on the market for now.
I think that you should think in going for bears until another buy until another above the wave of the EMA indicators .
http://bigimage.cz/photos/20141204141767410381307.gif
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As you can see on the EURJPY chart the price is moving at a down channel to lead the price for downward direction through the upcoming hours.
Now the price hits the upper edge of donchain channel and I can say that a trades can be open by now targeting the south edge of the channel.
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 better chance to head down till the low level of donchain channel but if you face the down edge of manually drawn channel then you have to close any selling trades and for more strength for your trades waiting for a sell signals from awesome oscillator and stostatic is preferred http://bigimage.cz/photos/20141204141767438142144.gif
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According to the analysis made upon the EURJPY chart today I do notice that a weak bullish trend is taking place based on the oscillator which is now at 0.054 area located above the balance level while at the same time the indicator is giving us a red signal which makes a weak 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 147.54 could be considered a good stop loss for if there were buy orders indicated by the indicators we are using.
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http://bigimage.cz/photos/20141204141767572161953.gif
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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 148.13 is a good area as you can see it is the first resistance that the price can meet.
http://bigimage.cz/photos/20141204141767561893535.gif