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The momentum indicator shows a clear cross on the EURJPY chart when the blue line heads below the red line to construct a very good selling signal for now.
On the Oracle Strength indicator a yellow 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 bearish trend would be appeared as the sell cross of the momentum indicator appears on the chart and the sell trades advised to be taken as the ATR indicator still showing a sell signals.
http://bigimage.cz/photos/20141215141862786179633.gif
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The price is located above the grey line 147.43 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 147.78 and 148.13 on a row while you can use your sop level at the area of the upcoming support at 147.22 http://bigimage.cz/photos/20141215141862872697882.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 0.202 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 147.48 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/20141215141862819191209.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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http://bigimage.cz/photos/20141215141862943166204.gif
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On the EURJPY one hour chart you can see a red arrow which indicates a bearish trend for now which has a top supporting it at 147 also it can be used as a strong resistance as the price shouldn't go above it the trend still as a bearish 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 selling trades are taking place then i think that the 147 is a good place to close a part from your opening trades because the price has a good chance to go up after hitting it.
http://bigimage.cz/photos/20141215141863746199185.gif
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http://prntscr.com/5hdzok
analysis for today 12 / 16 / 2014
EUR/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 147.01
Retracement (50%) 147.24
retracement (61,8%) 147.47
Extensions (61.8%) 145.05
Extensions (100.0%) 144.30
Extensions (138.2%) 143.55
Extensions (161.8%) 143.09
calculation based on a Fibonacci retracement then today I choose sell
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http://prntscr.com/5hdzok
analysis for today 12 / 17 / 2014
EUR/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 145.74
Retracement (50%) 145.98
retracement (61,8%) 146.22
Extensions (61.8%) 143.74
Extensions (100.0%) 142.98
Extensions (138.2%) 142.22
Extensions (161.8%) 141.74
calculation based on a Fibonacci retracement then today I choose sell
---------- Post added 12-18-2014 at 05:46 PM ---------- Previous post was 12-17-2014 at 06:29 PM ----------
http://prntscr.com/5i5ter
analysis for today 12 / 18 / 2014
EUR/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 145.87
Retracement (50%) 146.04
retracement (61,8%) 146.21
Extensions (61.8%) 144.47
Extensions (100.0%) 143.94
Extensions (138.2%) 143.41
Extensions (161.8%) 143.07
calculation based on a Fibonacci retracement then today I choose sell
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pair- eur/jpy
time frame analysis- h1
http://i57.tinypic.com/10r02er.png
symmetrical triangle chart pattern is setup with having support at 145.85 and resistance at 146.60 level. if this is break resistance then up movement can setup to the higher resistance level at 147.90 level. long with stop loss at 145.00
good luck
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I think that we should wait until the price break the lower trendline of the pennant pattern decree below in the 4H time frame than we get in short position with take profit at 144.23.
http://i.imgur.com/JwWqPSb.png
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eur jpy To day support and resistance date.19/12/2014
Resistance 1:146.60
Resistance 2:146.95
Resistance 3:147.40
Power pivot:146.35
Support 1:146.00
Support 2:145.70
Support 3:145.30
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.
