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A clear cross is occurs on the momentum indicator on the USDJPY chart as the blue line goes above the red one to perform a good buying 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 blue color on the arrows to perform a upward signal on the short term Now according to these data I think a upward trend should be in action as long as the momentum buy cross still on the chart and a buy trades can be taken as long as the ATR indicator keep showing a buying signals.
http://bigimage.cz/photos/20141010141290095136581.gif .
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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/20141010141290591132555.gif .
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A strong bearish trend take a place on the hourly chart of the USDJPY as the Blade oscillator is now at 0.166 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 107.8 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/20141010141290638431015.gif
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The price hits the lower level of donchin channel on the USDJPY chart to perform a probably of bullish trend start by today As you can see the price is actually moving at bearish trend because of the down channel for today About the Awesome oscillator there are a bearish sign by having a red colored bars located below the 0 th level A quick look to the stostatic can inform you by a sell signal as the price near the level of 20 and there is a bearish cross between the two lines As a result of the previous signals I can bet on the bullish side by taking a buy trades wishing that the price reach the high edge of Donchin level which can be used as a good area for closing buy trades in profit http://bigimage.cz/photos/20141010141290656141195.gif
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A bearish trend is now in action as you can see the red arrow shown on the hourly USDJPY chart at the current time which is supported with a top located at 108.45 which can be also used as a very strong resistance that the price shouldn’t go above it if the bearish 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 selling trades take a place I think then the support 107.55 can be a good area in order to close some open positions as the price has a good chance to go north after hitting it.
http://bigimage.cz/photos/20141010141290811579510.gif .
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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 107.2067 .
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/20141010141290929111342.gif .
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1 Attachment(s)
Daily forecast: USDJPY 10 Oct. 2014.
Trading analysis for Daily forecast of USDJPY 10 October, 2014. In Daily chart USDJPY shows bearish trend. At present USDJPY below the pivot point and going towards the 1st support level. If 1st support level breaks then next strong support level is 106.251.
Pivot: 107.880
Resistance levels
R1 108.245
R2 108.666
R3 109.031
R4 109.395
Support levels
S1 107.459
S2 107.094
S3 106.673
S4 106.251
Attachment 11871
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Price moves pair from the wave (109.90) It is noted that the limits of the trend line the main drawn to this wave along the between-level (107.92) and (108.19 and is worth mentioning that the current wave aim to reach the area (106.84) and with respect to trades this day will monitor the movement of Price among level (107.66) and level (107.83) to seize the opportunity to enter early, and technical studies indicate that in the case of a sale, the closest level can be tested is (107.53)
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pair- usd/jpy
analysis time frame- m30
http://i57.tinypic.com/2up786r.jpg
the down movement of the price is hold at the support 107.70 level and moving up side. the price is break resistance of the moving average 50 and pivot point at 107.88 level. long with the profit target at 108.67 and stop loss at the 107.30
good luck
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Trading Signal - 10/10/2014 - 10:00 (GMT +3)
Instrument: USDJPY
Time : 60min CHART
Trend & Condition : Downwards Strong
A Medium probability, entry signal to go SHORT was given at 107.80 after the market completed a bearish trend
reversal pattern. Only the upward break of 108.50 would cancel the bearish scenario.
Support & Resistances
107.30 108.10
106.40 108.40
104.90 108.80
http://dl.dropbox.com/u/51561036/scr...010-230313.jpg