hanji last week se abb takk ye pair eur/usd ki tarah kaafi up hua hai aur esme saare time frame par up he dikhara hai,yahan esme trend ke hisaab se aap kaam karte hai to fir uske baad he yahan earn kar sakenge..Quote:
Originally Posted by naziakhan
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hanji last week se abb takk ye pair eur/usd ki tarah kaafi up hua hai aur esme saare time frame par up he dikhara hai,yahan esme trend ke hisaab se aap kaam karte hai to fir uske baad he yahan earn kar sakenge..Quote:
Originally Posted by naziakhan
The price is facing the resistance level at 136.65 that's why we can get in short position with take profit at 126.71.
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Daily Forecast
Major Trend: Bullish
Time Frame: H1
Reason: It appears that the market still has not touched the Bollinger middle band which coincides with the pivot point at 136.37. While stochastic has almost reached oversold.
Recommendation: Buy limit at the pivot point
Spread the pair price through Friday towards the awaited target at 136.80 to form reminded obstacle to upward inclination to resume due to the composition of the level of 23.6% Fibonacci (high price level of 94.52 down to the level of the summit at 149.63), so expect some volatility lateral within the near future with a note to that the continuation of positive pressure may be price exceeded the current level and then to target more levels starting from 137.60.
The stability of stochastic within the saturation level of purchase may increase the positive pressure and as we mentioned earlier, this may be the price to overcome the current resistance to stretch trades around score more goals, so it will remain a tendency rookie standing in general and observe the price to determine was able to resume score goals or vulnerability Lateral fluctuate.
Expected trading range for today between 135.85 and 137.60
Forex Trading Support & Resistance
S1: 135.81W
S2: 134.92M
S3: 133.48S
R3: 139.60M
R2: 138.43M
R1: 137.26S
We believe that EUR / JPY should be sold at current levels given that we are above a retracement of 38.2% Fibonacci of the first wave and the wave c is almost complete. A stronger signal down could be triggered by a move below the recent consolidation zone around 133.90. We then would place a stop on the 50% Fibo retracements of 137.90.
Surprise the price of the EUR against the yen from power level of 136.75 to have this for the formation of negative prompt instantaneous and achieves through which the 135.40 level as shown above, what supports the current negative fluctuation liberation Stochastic indicator of the level of saturation of the purchase and wait submitted to the determination of a rising new supports to attack the price of the resistance of the new until it required to achieve a breakthrough and then registered a new dividend starting from 137.60.
From the above, we recommend observing the pair's behavior until the torque required to assemble and to avoid any unexpected extra wiggle knowing that the price remains stable in general within the rising steadily pivotal support level at 133.50.
Expected trading range for today between 134.60 and 136.70
Daily Forecast
Major Trend: Bearish
Time Frame: H1
Reason: Market still be a correction at 135.38 which is slightly below the daily resistance first. However, if it can not break the pivot point, it is still going down
Recommendation: Sell limit at 135.38
Led the resistance level of stability to the trading price positive to offer some of the negative pressure and the price is approaching this level of support, scoring almost to the level of 134.00, currently observe price stability between major hubs such as the level represented by the level of 133.50 key support stable while resistance remains at 136.70.
We expect continued price volatility between the previous hubs and to note that the stability of the moving average level of about 55 former support attempts to make us stick to positive price for the period coming to attack him while waiting for the resistance and achieved the desired breakthrough.
Expected trading range for today between 133.50 and 136.70
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