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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 above the fifty levels and showing a sell cross.
I'm going to sell targeting the area of 147.65 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/20141204141767594957524.gif
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On the EURJPY one hour chart you can see a green arrow which indicates a bullish trend for now which has a bottom supporting it at 147.05 also it can be used as a strong support as the price shouldn't go below it the trend still as a bullish trend.
And the dots of the parabolic sar indicator located below the candles and that sign for the price to go up In case of there are buying trades are taking place then i think that the 17.65 is a good place to close a part from your opening trades because the price has a good chance to go down after hitting it.
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The price is located above the blue line 147.44 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 147.7 and 147.86 on a row while you can use your sop level at the area of the upcoming support at 147.18 http://bigimage.cz/photos/20141204141767749323015.gif
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analysis for today 12 / 4 / 2014
EUR/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 147.57
Retracement (50%) 147.47
retracement (61,8%) 147.36
Extensions (61.8%) 148.44
Extensions (100.0%) 148.77
Extensions (138.2%) 149.10
Extensions (161.8%) 149.31
calculation based on a Fibonacci retracement then today I choose buy
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To day support and resistance date.5/12/2014
Resistance 1.149.04
Resistance 2.149.35
Resistance 3.149.73
Power pivot.148.60
Support 1.148.37
Support 2.148.03
Support 3.147.70
Sell order:Bhai mary plan ya hai jub market support 1ko touch kry to sell k order lga den or se k tp support 2 ok kr den or stop loss resistance1 ok kr den
Buy order:jub market resistance1 ko touch kry to buy k order lga den or se k tp resistance2 ok kr den or se k stop loss support1 kr den.
Plan 2:sell order: jub market resistance3 ko touch kry sell order ok kr den or stop loss 20 pip kr den.
Buy order:jub market support3 ko touch kry to buy k order ok kr den.
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As you can see on the EURJPY chart the price is moving at a up channel to lead the price for upward 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 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 better chance to head up till the high level of donchain channel but if you face the up edge of manually drawn channel then you have to close any buying trades and for more strength for your trades waiting for a buy signals from awesome oscillator and stostatic is preferred http://bigimage.cz/photos/image/
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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 bulls are dominating on the market for now.
I think that you should think in going for bulls until another sell until another below the wave of the EMA indicators .
http://bigimage.cz/photos/20141205141776173730535.gif
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On the EURJPY one hour chart you can see a green arrow which indicates a bullish trend for now which has a bottom supporting it at 147.1 also it can be used as a strong support as the price shouldn't go below it the trend still as a bullish trend.
And the dots of the parabolic sar indicator located below the candles and that sign for the price to go up In case of there are buying trades are taking place then i think that the 148.75 is a good place to close a part from your opening trades because the price has a good chance to go down after hitting it.
http://bigimage.cz/photos/20141205141776254130498.gif
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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/20141205141776118208407.gif
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According to the analysis made upon the EURJPY chart today I do notice that a strong bullish trend is taking place based on the oscillator which is now at 0.106 area located above the balance level while at the same time the indicator is giving us a blue signal which makes a strong 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 148.52 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/20141205141776146649580.gif