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http://prntscr.com/52ut2n
analysis for today 11 / 4 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/JPY on the date 11 / 3 / 2014
OPEN 112.72
HIGH 114.19
LOW 112.60
CLOSED 114.02
The third resistance (R3) 114.19 - ( 113.60 - 112.60 = 1.00 x 2 = 2.01 )= 116.20
The second Resistance (R2) 113.60 + 114.19 - 112.60 = 115.19
First resistance (R1) 113.60 x 2 = 227.21 - 112.60 = 114.61
pivot points 114.19 + 112.60 + 114.02 = 340.81 / 3 = 113.60
Support for the first (S1) 113.60 x 2 = 227.21 - 114.19 = 113.02
Support second (S2) 113.60 - ( 114.19 - 112.60 = 1.59 ) = 112.01
Third Support (S3) 112.60 - ( 114.19 - 113.60 = 0.59 x 2 = 1.17 )= 111.43
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pair- usd/jpy
analysis time frame- m15
http://i62.tinypic.com/2ytxmp4.jpg
the rsi indicator is moving to the overbought level 70 side but in the price chart its up side from the strong support at 113.01 level. if this is break the resistance at 113.85 then up movement can expected to the 114.50 level. long with stop loss at 112.50
good luck.
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Trading Signal - 04/11/2014 - 10:00 (GMT +2)
Instrument: USDJPY
Time :60min CHART
Trend & Condition :Upwards Strong
Waiting for a retracement lower towards the 112.80 support level, or alternatively the break of the 114.20 resistance level, in order to reinstate LONG positions.
Support & Resistances:
112.80 114.20
112.00 114.50
110.80 114.80
http://dl.dropbox.com/u/51561036/scr...105-000116.jpg
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Mr. Japanese Yen has been full of surprises recently. Although we were predicted his fall for such a long time, most of us weren’t prepare for such a hard fall so fast.
http://investdiva.com/wp-content/upl...-player-ny.png
The pair was teasing the 110 psychological barrier for a while. We had our bullish targets set at 110, 111 and 114 in extension, but when the pair hit our 111 target on Friday, it didn’t let us re-adjust our next target and basically sky-rocketed all the way to 112 and then to 113 on Monday. The RSI is way above the overbought zone but we can still see the pair continue its way up to our bullish target of 114.600 in the coming days.
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Daily Forecast
Pair : USDJPY
Major Trend : BULLISH
Time Frame : H4
Reason : There will be a correction because the first Resistance area BB is broken down to cover the GAP at 112.34 Monday, October 3, 2014
Recomm. Poss : Sell with a target 113.00-112.34
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http://prntscr.com/536d8b
analysis for today 11 / 5 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/JPY on the date 11 / 4 / 2014
OPEN 114.01
HIGH 114.02
LOW 113.21
CLOSED 113.62
The third resistance (R3) 114.02 - ( 113.62 - 113.21 = 0.41 x 2 = 0.81 )= 114.83
The second Resistance (R2) 113.62 + 114.02 - 113.21 = 114.43
First resistance (R1) 113.62 x 2 = 227.23 - 113.21 = 114.02
pivot points 114.02 + 113.21 + 113.62 = 340.85 / 3 = 113.62
Support for the first (S1) 113.62 x 2 = 227.23 - 114.02 = 113.21
Support second (S2) 113.62 - ( 114.02 - 113.21 = 0.81 ) = 112.81
Third Support (S3) 113.21 - ( 114.02 - 113.62 = 0.40 x 2 = 0.81 )= 112.40
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bank of japan governor kuroda ki wajah se yen ka currency bahut he down hogaya hai kyunki yaha measures liye gaye hai inflation target ko achieve karne ke liye aur ess pair me abhi trend upar he bataya ja raha hai..
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1 Attachment(s)
Daily forecast: USDJPY 05 Nov. 2014.
Technical analysis for Daily forecast of USDJPY 05 November, 2014. In Daily chart USDJPY shows bullish trend. At present USDJPY break 2nd resistance level and going towards the 3rd resistance level. If 3rd resistance level breaks then next strong resistance level is 115.274.
Pivot: 113.604
Resistance levels
R1 114.021
R2 114.439
R3 114.856
R4 115.274
Support levels
S1 113.186
S2 112.769
S3 112.351
S4 111.934
Attachment 12256
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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 109.1167 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 113.986 .
In other scenario if the price can break the support 109.1167 and get a bearish signals by a red dots then it’s expected to keep going south till the support of 105.9233 as the next weekly Pivot point.
http://bigimage.cz/photos/20010118979773437495959.gif .
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Daily Forecast
Pair: USDJPY
Major Trend: Bullish
Time Frame: H1
Reason: the RSI is still above the line 50. No saturated candle formation. Prices are still going to continue to 115.17 / 115.70
Recommendation: BUY with a target of 115.17
Spoiler: