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bhai ji bahut he badiya pivot poibts levels aapne bataye hai,aaj essi ko dhyaan me rakh kar market me entry lena chahunga,agar koi ess hisaab se patience ke saat forex market me kaam karta hai to wo bahut he achha ess business me kar sakenga..Quote:
Originally Posted by BURHANFX
08, October 2014
USD/JPY (A 4-HOUR CHART)
The pair USD/JPY is correcting to the strong support level of 108.00.
The price is finding the first support at 108.00, the next one is at 107.20. The price is finding the first resistance at 108.50, the next one is at 109.40.
Trading recommendations
The potential growth targets are the resistance levels: 109.00, 109.40.
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analysis for today 10 / 8 / 2014
USD/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 108.68
Retracement (50%) 108.52
retracement (61,8%) 108.35
Extensions (61.8%) 110.09
Extensions (100.0%) 110.63
Extensions (138.2%) 111.17
Extensions (161.8%) 111.50
calculation based on a Fibonacci retracement then today I choose buy
The USDJPY now is on a bearish direction according to Henkin Ashi candles color which is blue at this moment in associated with down arrow to indicate down trend When trying to analyze Snake vs T3-Clean you can see a sell signal due to intersection happens And to make sure you can take a look on the trend session indicator and you can see the red bar to confirm a sell signal for current period Another important thing that you need to keep in mind is the support located at 107.8 which may get the price reversed to up levels if it fails to break it http://bigimage.cz/photos/20141009141281530111890.gif
the price seems to move in downward trend today on the USDJPY chart as there are a red dots above the bars and as long as the price keeps lower than the strong resistance of 110.5733 which is also the weekly Pivot point then it seems that the price may keep going south till it can hit the weekly pivot support at 108.4933 .
In other scenario if the price can break the resistance 110.5733 and get a bullish signals by a blue dots then it’s expected to keep going north till the resistance of 111.3667 as the next weekly Pivot point.
http://bigimage.cz/photos/20141009141281793645103.gif .
A bullish trend is now in action as you can see the green arrow shown on the hourly USDJPY chart at the current time which is supported with a bottom located at 107.95 which can be also used as a very strong support that the price shouldn’t go below it if the bullish trend still strong.
Also the parabolic sar dots is showing above the candles which is a sign that the price is heading down for a while.
when buying trades take a place I think then the resistance 108.55 can be a good area in order to close some open positions as the price has a good chance to go south after hitting it.
http://bigimage.cz/photos/20141009141281665184444.gif .
The price is moving below the wave of EMA indicators to perform a shape of bearish direction through the day at the chart of USDJPY pair And with a sell signal showing on the RSI indicator which have the line going below the center line of 35 This also can be merged with the data of Macd indicator as you can see the green lines is heading down to inform that the market bears have the control at the market for the current period Then I think going with the bears at the current day and keep at the market until another buy signals shown on the chart by getting the price above the wave of EMA indicators.
http://bigimage.cz/photos/20141009141282314189357.gif .
A strong bearish trend take a place on the hourly chart of the USDJPY as the Blade oscillator is now at 0.164 area below the level of balance and at the same time the indicator is red colored which is a strong indication of bearish direction on the short term. On the chart itself you can see the moving average 5 sloping down and then you can consider the last top drawn by it at 108.11 as a good stop loss if you need it in case of sell orders which is very advised according to the indicators signals. http://bigimage.cz/photos/20141009141282485444338.gif
A clear cross is occurs on the momentum indicator on the USDJPY chart as the blue line goes below the red one to perform a good selling signals for the current time By the way the red color is shown on the Oracle Strength indicator and then it can be considered as a downward direction signal for the USDJPY To add strength to the direction the Oracle direction indicator should be useful and by a quick look you can see the red color on the arrows to perform a downward signal on the short term Now according to these data I think a downward trend should be in action as long as the momentum sell cross still on the chart and a sell trades can be taken as long as the ATR indicator keep showing a selling signals.
http://bigimage.cz/photos/20141009141282817160803.gif .
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analysis for today 10 / 9 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/JPY on the date 10 / 8 / 2014
OPEN 108.02
HIGH 108.73
LOW 107.75
CLOSED 108.07
The third resistance (R3) 108.73 - ( 108.18 - 107.75 = 0.43 x 2 = 0.87 )= 109.60
The second Resistance (R2) 108.18 + 108.73 - 107.75 = 109.16
First resistance (R1) 108.18 x 2 = 216.37 - 107.75 = 108.62
pivot points 108.73 + 107.75 + 108.07 = 324.55 / 3 = 108.18
Support for the first (S1) 108.18 x 2 = 216.37 - 108.73 = 107.64
Support second (S2) 108.18 - ( 108.73 - 107.75 = 0.98 ) = 107.20
Third Support (S3) 107.75 - ( 108.73 - 108.18 = 0.55 x 2 = 1.09 )= 106.66