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Daily forecast: USDJPY 06 Nov. 2014.
Technical analysis for Daily forecast of USDJPY 06 November, 2014. In Daily chart USDJPY is flat. At present USDJPY on the pivot point. It is important to break support or resistance levels to identify the trend. Previous record shows USDJPY buy below from the 4th support level.
Pivot: 114.292
Resistance levels
R1 115.163
R2 115.693
R3 116.564
R4 117.434
Support levels
S1 113.762
S2 112.891
S3 112.361
S4 111.830
Attachment 12275
http://prntscr.com/53i7k2
analysis for today 11 / 6 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/JPY on the date 11 / 5 / 2014
OPEN 113.63
HIGH 114.82
LOW 113.44
CLOSED 114.63
The third resistance (R3) 114.82 - ( 114.30 - 113.44 = 0.86 x 2 = 1.71 )= 116.53
The second Resistance (R2) 114.30 + 114.82 - 113.44 = 115.68
First resistance (R1) 114.30 x 2 = 228.59 - 113.44 = 115.15
pivot points 114.82 + 113.44 + 114.63 = 342.89 / 3 = 114.30
Support for the first (S1) 114.30 x 2 = 228.59 - 114.82 = 113.77
Support second (S2) 114.30 - ( 114.82 - 113.44 = 1.38 ) = 112.92
Third Support (S3) 113.44 - ( 114.82 - 114.30 = 0.52 x 2 = 1.05 )= 112.39
pair- usd/jpy
analysis time frame- m15
http://i62.tinypic.com/242zq4j.jpg
the up movement is rejecting down from the resistance at 115.40 level but lower side hold at the strong support trend line 114.40 level and again moving up side. if this is break the 115.00 level then long with take profit at 115.80 and stop loss at the 114.00
good luck.
Daily Forecast
Pair: USDJPY
Major Trend: Bullish
Time Frame: H1
Reason: Price returned to the area above the Bollinger Bands. 80. If the RSI is heading line breaks 115.47, the price will be to 116.36
Recommendation: BUY with a target of 116.36
http://prntscr.com/53uc5c
analysis for today 11 / 6 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/JPY on the date 11 / 5 / 2014
OPEN 114.64
HIGH 115.49
LOW 114.06
CLOSED 115.19
The third resistance (R3) 115.49 - ( 114.91 - 114.06 = 0.85 x 2 = 1.71 )= 117.20
The second Resistance (R2) 114.91 + 115.49 - 114.06 = 116.34
First resistance (R1) 114.91 x 2 = 229.83 - 114.06 = 115.77
pivot points 115.49 + 114.06 + 115.19 = 344.74 / 3 = 114.91
Support for the first (S1) 114.91 x 2 = 229.83 - 115.49 = 114.34
Support second (S2) 114.91 - ( 115.49 - 114.06 = 1.43 ) = 113.48
Third Support (S3) 114.06 - ( 115.49 - 114.91 = 0.58 x 2 = 1.15 )= 112.91
Daily forecast: USDJPY 07 Nov. 2014.
Technical analysis for Daily forecast of USDJPY 07 November, 2014. In Daily chart USDJPY shows bullish trend. At present USDJPY above the pivot point and going towards the 1st resistance level. If 1st resistance level breaks then next strong resistance level is 118.078.
Pivot: 114.912
Resistance levels
R1 115.771
R2 116.359
R3 117.218
R4 118.078
Support levels
S1 114.324
S2 113.465
S3 112.877
S4 112.290
Attachment 12309
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/20010119979917475535537.gif .
pair- usd/jpy
analysis time frame- m15
http://i60.tinypic.com/w80vpe.jpg
the price movement now in the triangle chart pattern having strong resistance at the 115.35 level and supported at the 115.15 level. the rsi is moving now down side so its down movement can expected. short with take profit at 114.10 and stop loss at the 115.95
good luck.
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 115.9467 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 112.9267 .
In other scenario if the price can break the resistance 115.9467 and get a bullish signals by a blue dots then it’s expected to keep going north till the resistance of 117.2733 as the next weekly Pivot point.
http://bigimage.cz/photos/20010122980126728115835.gif .
http://prntscr.com/54uuzo
analysis for today 11 / 10 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/JPY on the date 11 / 7 / 2014
OPEN 115.18
HIGH 115.52
LOW 114.24
CLOSED 114.59
The third resistance (R3) 115.52 - ( 114.78 - 114.24 = 0.54 x 2 = 1.09
The second Resistance (R2) 114.78 + 115.52 - 114.24 = 116.06
First resistance (R1) 114.78 x 2 = 229.57 - 114.24 = 115.33
pivot points 115.52 + 114.24 + 114.59 = 344.35 / 3 = 114.78
Support for the first (S1) 114.78 x 2 = 229.57 - 115.52 = 114.05
Support second (S2) 114.78 - ( 115.52 - 114.24 = 1.28 ) = 113.50
Third Support (S3) 114.24 - ( 115.52 - 114.78 = 0.74 x 2 = 1.47
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