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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 blue color is shown on the Oracle Strength indicator and then it can be considered as a upward 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/20141017141349890136053.gif .
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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 106.2 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 below the candles which is a sign that the price is heading up for a while.
when buying trades take a place I think then the resistance 106.65 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/20141017141349902183871.gif .
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the price seems to move in upward trend today on the USDJPY chart as there are a blue dots below the bars and as long as the price keeps higher than the strong support of 106.8233 which is also the weekly Pivot point then it seems that the price may keep going north till it can hit the weekly pivot resistance at 109.1533 .
In other scenario if the price can break the support 106.8233 and get a bearish signals by a red dots then it’s expected to keep going south till the support of 106.0067 as the next weekly Pivot point.
http://bigimage.cz/photos/20141017141350087106646.gif .
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According to the chart of USDJPY there are a main up trend signal as the 2 EMA 5 and 6 moving Above the slow EMA of 35 then I guess I will take a buy positions once the other indicators confirm the bullish direction.
There are a dots below the candles for parabolic sar indicator to indicate a upward direction and also I can monitor a buy signal on the MACD indicator which moving above the level 0 for now beside the CCI line is at the Higher level to perform a upward signal.
As I said before according to the EMA locations buying is my favorite side for today as long as the price didn’t show any opposite bearish signals.
http://bigimage.cz/photos/20141017141352438474411.gif .
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http://i62.tinypic.com/3442hl2.jpg
Pair: USDJPY
Type of analysis: Technical
Time frame: H1
Channel line: Bearish under pivot
Fibonacci Indicator: Bearish expansion
William %R Indicator: Bearish (overbought)
Final decision: Bearish
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http://prntscr.com/4wyroy
analysis for today 10 / 17 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/JPY on the date 10 / 16 / 2014
OPEN 105.90
HIGH 106.45
LOW 105.50
CLOSED 106.32
The third resistance (R3) 106.45 - ( 106.09 - 105.50 = 0.59 x 2 = 1.18 )= 107.63
The second Resistance (R2) 106.09 + 106.45 - 105.50 = 107.04
First resistance (R1) 106.09 x 2 = 212.18 - 105.50 = 106.68
pivot points 106.45 + 105.50 + 106.32 = 318.27 / 3 = 106.09
Support for the first (S1) 106.09 x 2 = 212.18 - 106.45 = 105.73
Support second (S2) 106.09 - ( 106.45 - 105.50 = 0.95 ) = 105.14
Third Support (S3) 105.50 - ( 106.45 - 106.09 = 0.36 x 2 = 0.72 )= 104.78
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pair- usd/jpy
analysis time frame- m30
http://i62.tinypic.com/28w2e8.png
the price is making up movement from the level 105.20 and moved to the fibo resistance level 61.8 at the price 106.65 level. this up movment can expected to higher resistance 107.00 level. hold the long entry with stop loss at 106.00
good luck
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Dollar against the yen some bullish bias yesterday positively influenced by stochastic and who loses his intention rookie now down to overbought areas, in conjunction with the approach of the price of a re-test 38.2% previously breached, which turns into resistance now at 106.65.
Therefore, we believe that the opportunities available to the resumption of the downward inclination correction, with reference to the level of breaking the 105.45 level will confirm the trend towards the following correction at 104.50, while represents a breakthrough levels of 106.65 and then 108.00 key to return to the upward trend in the short term.
The trading range for today is between: Support and Resistance 105.00 107.50
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Trading Signal - 17/10/2014 - 10:00 (GMT +3)
Instrument: USDJPY
Time :60min CHART
Trend & Condition : Downwards Weak
Waiting for the upward break of 106.60 resistance level, which will complete a bullish trend reversal pattern to go LONG. Only the downward break of 105.20 would cancel the bullish scenario and take us SHORT.
Support & Resistances :
105.20 106.60
104.50 107.50
103.30 108.10
http://dl.dropbox.com/u/51561036/scr...017-224111.jpg
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The price hits the higher level of donchin channel on the USDJPY chart to perform a probably of bearish trend start by today As you can see the price is actually moving at bullish trend because of the up channel for today About the Awesome oscillator there are a bullish sign by having a green colored bars located above the 0 th level A quick look to the stostatic can inform you by a sell signal as the price near the level of 80 and there is a bearish cross between the two lines As a result of the previous signals I can bet on the bearish side by taking a sell trades wishing that the price reach the low edge of Donchin level which can be used as a good area for closing sell trades in profit http://bigimage.cz/photos/20010101978308415121672.gif