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analysis for today 7 / 16 / 2014
USD/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 101.62
Retracement (50%) 101.58
retracement (61,8%) 101.54
Extensions (61.8%) 101.92
Extensions (100.0%) 102.03
Extensions (138.2%) 102.14
Extensions (161.8%) 102.22
calculation based on a Fibonacci retracement then today I choose buy
I think that we should sell in 101.800 and put the stop loss at 102.000. we put the stop loss there because it was a support and resistance area before,we take profit when the price hit the bottom line of the channel.
http://i.imgur.com/hGIDRKs.png
http://prntscr.com/43hebv
analysis for today 7 / 17 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/JPY on the date 7 / 16 / 2014
OPEN 101.67
HIGH 101.78
LOW 101.63
CLOSED 101.67
The third resistance (R3) 101.78 - ( 101.69 - 101.63 = 0.06 x 2 = 0.13 )= 101.91
The second Resistance (R2) 101.69 + 101.78 - 101.63 = 101.84
First resistance (R1) 101.69 x 2 = 203.39 - 101.63 = 101.76
pivot points 101.78 + 101.63 + 101.67 = 305.08 / 3 = 101.69
Support for the first (S1) 101.69 x 2 = 203.39 - 101.78 = 101.61
Support second (S2) 101.69 - ( 101.78 - 101.63 = 0.15 ) = 101.54
Third Support (S3) 101.63 - ( 101.78 - 101.69 = 0.09 x 2 = 0.17 )= 101.46
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analysis for today 7 / 17 / 2014
USD/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 101.72
Retracement (50%) 101.71
retracement (61,8%) 101.69
Extensions (61.8%) 101.87
Extensions (100.0%) 101.93
Extensions (138.2%) 101.99
Extensions (161.8%) 102.02
calculation based on a Fibonacci retracement then today I choose buy
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analysis for today 7 / 18 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/JPY on the date 7 / 17 / 2014
OPEN 101.66
HIGH 101.69
LOW 101.13
CLOSED 101.16
The third resistance (R3) 101.69 - ( 101.33 - 101.13 = 0.20 x 2 = 0.39 )= 102.08
The second Resistance (R2) 101.33 + 101.69 - 101.13 = 101.89
First resistance (R1) 101.33 x 2 = 202.65 - 101.13 = 101.52
pivot points 101.69 + 101.13 + 101.16 = 303.98 / 3 = 101.33
Support for the first (S1) 101.33 x 2 = 202.65 - 101.69 = 100.96
Support second (S2) 101.33 - ( 101.69 - 101.13 = 0.56 ) = 100.77
Third Support (S3) 101.13 - ( 101.69 - 101.33 = 0.36 x 2 = 0.73 )= 100.40
18, July 2014
USD/JPY (a 4-hour chart)
The resistance level of 101.75 reached at the high volumes stopped the correctional price growth. Due to the short-term decline changes we see the consolidation formation. The price decrease comes as a result of the low volumes.
The price is finding the support 101.00. The price is finding the first resistance at 101.60, the next one is at 102.23.
Trading recommendations
The price is likely to go to the downward trend line 100.80 - 101.00. We expect a bounce up to 101.30 soon.
http://dl.dropbox.com/u/51561036/scr...718-233625.jpg
http://prntscr.com/44qlm8
analysis for today 7 / 21 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/JPY on the date 7 / 18 / 2014
OPEN 101.16
HIGH 101.44
LOW 101.10
CLOSED 101.33
The third resistance (R3) 101.44 - ( 101.29 - 101.10 = 0.19 x 2 = 0.38
The second Resistance (R2) 101.29 + 101.44 - 101.10 = 101.63
First resistance (R1) 101.29 x 2 = 202.58 - 101.10 = 101.48
pivot points 101.44 + 101.10 + 101.33 = 303.87 / 3 = 101.29
Support for the first (S1) 101.29 x 2 = 202.58 - 101.44 = 101.14
Support second (S2) 101.29 - ( 101.44 - 101.10 = 0.34 ) = 100.95
Third Support (S3) 101.10 - ( 101.44 - 101.29 = 0.15 x 2 = 0.30
Usdjpy daily outlook
Not any change in USD/JPY's take on life. The choppy decrease from 102. 79 could extend lower and may break 101. 06 support. However, most of us don't seen enough momentum to press through 100. 61/82 important factors support zone. As a result, in that scenario, strong support ought to be seen around 100. 61/82 to bring reversal. Meanwhile, preceding 101. 79 will turn bias here we are at the upside with regard to 102. 26 and above to give the consolidation through 100. 75.
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analysis for today 7 / 21 / 2014
USD/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 101.31
Retracement (50%) 101.27
retracement (61,8%) 101.23
Extensions (61.8%) 101.65
Extensions (100.0%) 101.78
Extensions (138.2%) 101.91
Extensions (161.8%) 101.99
calculation based on a Fibonacci retracement then today I choose buy
Trading Signal - 21/07/2014 - 10:00 GMT +3
Instrument: USDJPY
60min CHART
Downwards Strong
The market is testing resistance at 101.40. We are waiting to see reversal signals in order to reinstate
SHORT positions, or alternatively the downward break of the 101.10 support level. Next important resistance the 101.50 level.
Support & Resistances
101.10 101.40
100.80 101.50
100.30 101.60
http://dl.dropbox.com/u/51561036/scr...721-231528.jpg