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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 0.262 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 147.28 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/20141212141836767204796.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 downward signal as you can see it's dots shown above the candles of the price and also the MACD indicator perform another sell signal as you can see it moving below the level of zero and in additional to that the downward signal of CCi is clear as it located near the it's lower 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/20141212141836649121013.gif
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For today the daily opening was higher than it was yesterday that can make us to say that the up 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 146.55 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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http://bigimage.cz/photos/20141212141837016982589.gif
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analysis for today 12 / 12 / 2014
EUR/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 147.05
Retracement (50%) 147.24
retracement (61,8%) 147.43
Extensions (61.8%) 145.43
Extensions (100.0%) 144.81
Extensions (138.2%) 144.19
Extensions (161.8%) 143.81
calculation based on a Fibonacci retracement then today I choose sell
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The price is located above the grey line 147.18 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 147.71 and 148.25 on a row while you can use your sop level at the area of the upcoming support at 146.85 http://bigimage.cz/photos/20141212141836843225942.gif
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japan me election ki wajah se jpy par pressure hoga aur ye pair gap me he open hoga jaisa ki usd/jpy me jetna movements hoga utna he esme changes hoga aur esliye esme dhyaan se kaam traders ko ab karna hoga..
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http://prntscr.com/5h05cd
analysis for today 12 / 15 / 2014
EUR/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 147.41
Retracement (50%) 147.56
retracement (61,8%) 147.70
Extensions (61.8%) 146.20
Extensions (100.0%) 145.74
Extensions (138.2%) 145.28
Extensions (161.8%) 144.99
calculation based on a Fibonacci retracement then today I choose sell
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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 lower edge of donchain channel and I can say that a trades can be open by now targeting the north edge of the channel.
Stostatic by the way have a sell signal by having a bearish 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 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/20141215141862556104868.gif
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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 down to indicate that the market bears 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/20141215141862615327575.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 downward signal of CCi is clear as it located near the it's lower 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/20141215141862548694791.gif