Thread: Usd/Jpy
http://prntscr.com/3rnr7v
analysis for today 6 / 11 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/JPY on the date 6 / 10 / 2014
OPEN 102.51
HIGH 102.56
LOW 102.21
CLOSED 102.34
The third resistance (R3) 102.56 - ( 102.37 - 102.21 = 0.16 x 2 = 0.32 )= 102.88
The second Resistance (R2) 102.37 + 102.56 - 102.21 = 102.72
First resistance (R1) 102.37 x 2 = 204.74 - 102.21 = 102.53
pivot points 102.56 + 102.21 + 102.34 = 307.11 / 3 = 102.37
Support for the first (S1) 102.37 x 2 = 204.74 - 102.56 = 102.18
Support second (S2) 102.37 - ( 102.56 - 102.21 = 0.35 ) = 102.02
Third Support (S3) 102.21 - ( 102.56 - 102.37 = 0.19 x 2 = 0.38 )= 101.83
Last edited by Emi; 2014-06-11 at 09:18 AM.
http://prntscr.com/3rgxma
analysis for today 6 / 10 / 2014
USD/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 102.47
Retracement (50%) 102.51
retracement (61,8%) 102.54
Extensions (61.8%) 102.20
Extensions (100.0%) 102.10
Extensions (138.2%) 102.00
Extensions (161.8%) 101.93
calculation based on a Fibonacci retracement then today I choose sell
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ye pair b bohat hat aheem hy agar jpy mazboot hota hy tu phir app ka gold up jata hy otherwise ye week hota hota hy har currency week hoti hy, ajj ki ess ki sell app 102.30 py karo or phir ess ko app profit limit 102.11 tak do or ess m stop loss na laga o.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
http://prntscr.com/3reciw
analysis for today 6 / 10 / 2014
USD/JPY
Resistance : R1 102.96 R2 103.21 R3 103.41 R4 103.71
Support : S1 101.81 S2 101.56 S3 101.36 S4 101.06
Open : 102.51
High : 102.56
Low : 102.21
Range : 35 Pips
Running Price : 102.34
Strategy : SELL at the level 102.34 stop loss at the level 102.96 target take profit at the level 101.36 or at the level 101.06
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pair- usd/jpy
chart analysis time frame- m15
the price is continue moving down side with breaking the support at 102.50 level . now this is below the strong support at 102.37 level and having the short sigal with parabolic sar and macd indicator. the price may make correction then again down side. hold the short entry with stop loss at 102.50
good luck
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http://prntscr.com/3rc8wp
analysis for today 6 / 10 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/JPY on the date 6 / 9 / 2014
OPEN 102.49
HIGH 102.64
LOW 102.37
CLOSED 102.52
The third resistance (R3) 102.64 - ( 102.51 - 102.37 = 0.14 x 2 = 0.28 )= 102.92
The second Resistance (R2) 102.51 + 102.64 - 102.37 = 102.78
First resistance (R1) 102.51 x 2 = 205.02 - 102.37 = 102.65
pivot points 102.64 + 102.37 + 102.52 = 307.53 / 3 = 102.51
Support for the first (S1) 102.51 x 2 = 205.02 - 102.64 = 102.38
Support second (S2) 102.51 - ( 102.64 - 102.37 = 0.27 ) = 102.24
Third Support (S3) 102.37 - ( 102.64 - 102.51 = 0.13 x 2 = 0.26 )= 102.11
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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