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pair- eur/jpy
time frame to analysis- m30
http://i61.tinypic.com/20q10zr.jpg
the up movement of the price is rejecting from resistance at 134.55 level and moving down side with having parabolic short signal. this may moved to the lower support at 133.50 level. the rsi is at level 30 so hold short entry with stop loss at 134.20
good luck
Trading Signal - 03/03/2015 - 10:00 (GMT +2)
Instrument: EURJPY
Time : 60min CHART
Trend & Condition : Downwards Strong
The market is dominated by uncertainty. The occasionally prevailing trend lasts for a limited time and changes its direction too frequently. As long as the market remains unstable, we stay aside, waiting for the market to get back on track.
Support & Resistances :
133.10 134.50
131.70 135.20
131.10 136.20
http://dl.dropbox.com/u/51561036/scr...303-205934.jpg
EUR/JPY Daily Outlook
Daily Pivots: (S1) 133.80; (P) 134.19; (R1) 134.73
4H
Intraday bias in EUR/JPY remains neutral for the moment. Price actions from 130.13 are viewed as a consolidation pattern. Even in case of another rise, upside should be limited by 137.63 resistance to bring down trend resumption. Below 132.53 minor support will turn bias back to the downside for retesting 130.13 first. Break will extend recent down trend and target next medium term fibonacci level at 128.50.
---------- Post added 03-04-2015 at 03:47 AM ---------- Previous post was 03-03-2015 at 06:41 PM ----------
In the bigger picture, the break of 134.13 support should confirm medium term topping at 149.76, on bearish divergence condition in weekly MACD. Deeper correction should now be seen to 38.2% retracement of 94.11 to 149.76 at 128.50 first. Based on current momentum, the correction could go deeper to 61.8% retracement at 115.36.
pair- eur/jpy
time frame to analysis- m30
http://i58.tinypic.com/2ai3pz7.jpg
the rsi indicator is moving at the oversold level 30 and the price is rejecting down side form the resistance of moving average 50 at the price 133.80 level. the price may correction side. hold the short entry with profit target at 132.50
good luck
the market face a resistance zone
resistance 143.5
support 128.03
but the market indicators still bearish
the market face a support zone
resistance 143.5
support 128.03
but the market indicators still bearish
EUR/JPY Daily Outlook
Daily Pivots: (S1) 133.50; (P) 133.97; (R1) 134.26
4H
Intraday bias in EUR/JPY remains neutral for the moment. Price actions from 130.13 are viewed as a consolidation pattern. Even in case of another rise, upside should be limited by 137.63 resistance to bring down trend resumption. Below 132.53 minor support will turn bias back to the downside for retesting 130.13 first. Break will extend recent down trend and target next medium term fibonacci level at 128.50.
---------- Post added at 04:28 PM ---------- Previous post was at 03:58 PM ----------
D1
In the bigger picture, the break of 134.13 support should confirm medium term topping at 149.76, on bearish divergence condition in weekly MACD. Deeper correction should now be seen to 38.2% retracement of 94.11 to 149.76 at 128.50 first. Based on current momentum, the correction could go deeper to 61.8% retracement at 115.36.
---------- Post added 03-05-2015 at 08:29 AM ---------- Previous post was 03-04-2015 at 04:28 PM ----------
EUR/JPY Daily Outlook
Daily Pivots: (S1) 132.05; (P) 132.95; (R1) 133.50
4H
The breach of 132.53 minor support indicates that EUR/JPY corrective rise from 130.13 has finally completed. Intraday bias is cautiously on the downside for retesting 130.13 first. Break will confirm resumption of recent down trend and should target next fibonacci level at 128.50. However, above 134.58 minor resistance will dampen this immediate bearish view and would extend the consolidation from 130.13. In that case, upside should be limited by 137.63 resistance to bring down trend resumption eventually.
---------- Post added at 08:30 AM ---------- Previous post was at 08:29 AM ----------
EUR/JPY Daily Outlook
Daily Pivots: (S1) 132.05; (P) 132.95; (R1) 133.50
4H
The breach of 132.53 minor support indicates that EUR/JPY corrective rise from 130.13 has finally completed. Intraday bias is cautiously on the downside for retesting 130.13 first. Break will confirm resumption of recent down trend and should target next fibonacci level at 128.50. However, above 134.58 minor resistance will dampen this immediate bearish view and would extend the consolidation from 130.13. In that case, upside should be limited by 137.63 resistance to bring down trend resumption eventually.
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In the bigger picture, the break of 134.13 support should confirm medium term topping at 149.76, on bearish divergence condition in weekly MACD. Deeper correction should now be seen to 38.2% retracement of 94.11 to 149.76 at 128.50 first. Based on current momentum, the correction could go deeper to 61.8% retracement at 115.36.
Attachment 12479
the market is bearish and the thecnical indicator indicate this state of the market after a phase ofdistribution it seems that the bearish are on the first supports is at 131.76 and the secand is at 127.06
we can short from 133.65