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pair- usd/jpy
chart analysis time frame- m15
http://i62.tinypic.com/2cmxim8.jpg
the price is in up movement side but rejecting from the resistance at 102.36 level. the rsi indicator is high to lower side from the oversold level 70. this is may again falling but wait to break the support at 102.20 level. if this break then make short entry with take profit at 101.90 level.
good luck
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analysis for today 8 / 12 / 2014
USD/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 102.15
Retracement (50%) 102.13
retracement (61,8%) 102.10
Extensions (61.8%) 102.36
Extensions (100.0%) 102.44
Extensions (138.2%) 102.52
Extensions (161.8%) 102.57
calculation based on a Fibonacci retracement then today I choose buy
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analysis for today 8 / 13 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/JPY on the date 8 / 12 / 2014
OPEN 102.18
HIGH 102.36
LOW 102.10
CLOSED 102.26
The third resistance (R3) 102.36 - ( 102.24 - 102.10 = 0.14 x 2 = 0.28 )= 102.64
The second Resistance (R2) 102.24 + 102.36 - 102.10 = 102.50
First resistance (R1) 102.24 x 2 = 204.48 - 102.10 = 102.38
pivot points 102.36 + 102.10 + 102.26 = 306.72 / 3 = 102.24
Support for the first (S1) 102.24 x 2 = 204.48 - 102.36 = 102.12
Support second (S2) 102.24 - ( 102.36 - 102.10 = 0.26 ) = 101.98
Third Support (S3) 102.10 - ( 102.36 - 102.24 = 0.12 x 2 = 0.24 )= 101.86
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analysis for today 8 / 13 / 2014
USD/JPY
Resistance : R1 102.98 R2 103.23 R3 103.43 R4 103.73
Support : S1 101.76 S2 101.51 S3 101.31 S4 101.01
Open : 102.26
High : 102.51
Low : 102.23
Range : .28 Pips
Running Price : 102.44
Strategy : BUY at the level 102.44 stop loss at the level 101.76 target take profit at the level 103.43 or at the level 103.73
13, August 2014
USD/JPY (a 4-hour chart)
At this time buyers temporarily broke above the previous month high - the resistance level of 102.25. But due to the fact on what volumes this breakthrough has been formed the further upward movement continuation will be rather difficult.
The price is finding the first support at 102.23, the next one is at 101.60. The price is finding the first resistance at 102.60, the next one is at 102.60.
Trading recommendations
The downward trend line 102.40 located on the buyer's way which will be the strong resistance on today's trading session. The trend line retest is more likely to lead to the price bounce downward. The potential bounce target is the level of support 101.60
http://dl.dropbox.com/u/51561036/scr...813-235414.jpg
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analysis for today 8 / 14 / 2014
USD/JPY
Resistance : R1 103.15 R2 103.40 R3 103.60 R4 103.90
Support : S1 101.90 S2 101.65 S3 101.45 S4 101.15
Open : 102.42
High : 102.65
Low : 102.40
Range : .25 Pips
Running Price : 102.58
Strategy : BUY at the level 102.58 stop loss at the level 101.90 target take profit at the level 103.60 or at the level 103.90
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analysis for today 8 / 14 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/JPY on the date 8 / 13 / 2014
OPEN 102.26
HIGH 102.54
LOW 102.23
CLOSED 102.41
The third resistance (R3) 102.54 - ( 102.39 - 102.23 = 0.16 x 2 = 0.33 )= 102.87
The second Resistance (R2) 102.39 + 102.54 - 102.23 = 102.70
First resistance (R1) 102.39 x 2 = 204.79 - 102.23 = 102.56
pivot points 102.54 + 102.23 + 102.41 = 307.18 / 3 = 102.39
Support for the first (S1) 102.39 x 2 = 204.79 - 102.54 = 102.25
Support second (S2) 102.39 - ( 102.54 - 102.23 = 0.31 ) = 102.08
Third Support (S3) 102.23 - ( 102.54 - 102.39 = 0.15 x 2 = 0.29 )= 101.94
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analysis for today 8 / 14 / 2014
USD/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 102.35
Retracement (50%) 102.39
retracement (61,8%) 102.42
Extensions (61.8%) 102.04
Extensions (100.0%) 101.92
Extensions (138.2%) 101.80
Extensions (161.8%) 101.73
calculation based on a Fibonacci retracement then today I choose sell
pair- usd/jpy
chart analysis time frame- m15
http://i60.tinypic.com/mkki35.jpg
the price is having down trend signal with the macd indicator but in the price chart its break the resistance of moving average at 102.45 level. the up movement can expected to the 1.02.70 then price may again down side. hold the long entry with stop loss at 102.30
good luck
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analysis for today 8 / 15 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/JPY on the date 8 / 14 / 2014
OPEN 102.42
HIGH 102.65
LOW 102.31
CLOSED 102.45
The third resistance (R3) 102.65 - ( 102.47 - 102.31 = 0.16 x 2 = 0.32 )= 102.97
The second Resistance (R2) 102.47 + 102.65 - 102.31 = 102.81
First resistance (R1) 102.47 x 2 = 204.94 - 102.31 = 102.63
pivot points 102.65 + 102.31 + 102.45 = 307.41 / 3 = 102.47
Support for the first (S1) 102.47 x 2 = 204.94 - 102.65 = 102.29
Support second (S2) 102.47 - ( 102.65 - 102.31 = 0.34 ) = 102.13
Third Support (S3) 102.31 - ( 102.65 - 102.47 = 0.18 x 2 = 0.36 )= 101.95