-
there are bullish channel drawn on the USDJPY hour chart as you can see at the picture and also you can mention the yellow color of the moving average which mean that the price is heading up for the current period.
The market opened today at a higher values than the daily pivot point at 106.64 and according to the data shown it seems that the price may keep going up till it can reach the first daily pivot resistance located at the price of 106.9 if the WPR indicator didn't show any opposite downward signals.
And in case of reaching the target you can keep buying till the next resistance at 107.17 which is a very strong resistance level to reach before the end of the day.
http://bigimage.cz/photos/20010101978324689744089.gif
-
the USDJPY pair for today seems to be on bullish trend according to the green color of the Super trend which is my main indicator to determine the market direction.
Also the Nonlog dot is blue colored which indicate a buy signal by the way.
Now the signals show a week bullish trend and a buy trades can take a place as soon as the Nonlog indicator changes to confirm the direction.
For the stop loss area I think there are 2 ways to exit if the super trend changes its color to be red or if the price hits the support at the area of 107.24 which may mean that the bullish direction is over.
http://bigimage.cz/photos/20010101978335471827435.gif .
-
The price is getting to fall as it hits the up edge of the Bollinger bands indicator as you can see on the chart of USDJPY right now.
The volume of the market is now low as it has a value of 267 as you can see on the volume indicator at the bottom of the chart.
As you can see the price will face a strong Pivot level before it can be able to go downward then setting level 106.33 as the next support to the price as a primary take profit then the next support at 106.14 is recommended while you can cut the losses at the level 106.95 if the price heads up .
Another indicator could be useful to confirm the entry which is consists of three indicators as you can see on the middle of the chart image so entering with the cross of the CCI and moving average can be a good way to confirm the entry .
imagee
-
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/20010101978335182678237.gif .
-
pair- usd/jpy
analysis time frame- m30
http://i60.tinypic.com/2ev9mko.jpg
the price up movement is not able to break the resistance at 107.45 level and again down side. this may be hold fibo support 106.55. if this support is break then down movement is continue expected to 105.90 level. short with stop loss at 107.25
good luck
-
I think that this is a good opportunity to get in hsort position with take profit at 105.16. The resistance level at 107.38 will make the price fall.
http://i.imgur.com/taJoy91.png
-
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 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 below the 0 th level A quick look to the stostatic can inform you by a buy signal as the price near the level of 20 and there is a bullish 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/20010102978393613172377.gif
-
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://imagez.me/photos/20141019141375829175499.gif .
-
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 107.4 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 106.65 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/20010102978393838200965.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 107.9233 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 105.5133 .
In other scenario if the price can break the resistance 107.9233 and get a bullish signals by a blue dots then it’s expected to keep going north till the resistance of 108.9667 as the next weekly Pivot point.
http://bigimage.cz/photos/20010102978394166211921.gif .