Thread: Eur/Jpy
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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analysis for today 12 / 17 / 2014
EUR/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 145.74
Retracement (50%) 145.98
retracement (61,8%) 146.22
Extensions (61.8%) 143.74
Extensions (100.0%) 142.98
Extensions (138.2%) 142.22
Extensions (161.8%) 141.74
calculation based on a Fibonacci retracement then today I choose sell
---------- Post added 12-18-2014 at 05:46 PM ---------- Previous post was 12-17-2014 at 06:29 PM ----------
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analysis for today 12 / 18 / 2014
EUR/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 145.87
Retracement (50%) 146.04
retracement (61,8%) 146.21
Extensions (61.8%) 144.47
Extensions (100.0%) 143.94
Extensions (138.2%) 143.41
Extensions (161.8%) 143.07
calculation based on a Fibonacci retracement then today I choose sell
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/5hdzok
analysis for today 12 / 16 / 2014
EUR/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 147.01
Retracement (50%) 147.24
retracement (61,8%) 147.47
Extensions (61.8%) 145.05
Extensions (100.0%) 144.30
Extensions (138.2%) 143.55
Extensions (161.8%) 143.09
calculation based on a Fibonacci retracement then today I choose sell
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.
On the EURJPY one hour chart you can see a red arrow which indicates a bearish trend for now which has a top supporting it at 147 also it can be used as a strong resistance as the price shouldn't go above it the trend still as a bearish trend.
And the dots of the parabolic sar indicator located below the candles and that sign for the price to go up In case of there are selling trades are taking place then i think that the 147 is a good place to close a part from your opening trades because the price has a good chance to go up after hitting it.
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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.
For today the daily opening was lower than it was yesterday that can make us to say that the down trend occurs.
On the EURJPY chart and according to the new data we can see a red down arrow above the price that indicates a bearish signal on the short term trades.
We can guess that the last opening was at 147.05 and it can be used as a take profit because it can act as a strong support which the price will face difficulties to break it and go down At last I prefer to use a trading system to enter the trades and we can wait to see a clear red line of the check indicator and at the exact moment trader indicator have to be red so that we can be assured that there is a bearish trend before opening the sell positions.
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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.
According to the analysis made upon the EURJPY chart today I do notice that a strong bearish trend is taking place based on the oscillator which is now at 0.202 area located below the balance level while at the same time the indicator is giving us a red signal which makes a strong indication that a bearish direction is taking place on the short term.
The moving average 5 on the chart giving us a down slope the top located at the price 147.48 could be considered a good stop loss for if there were sell orders indicated by the indicators we are using.
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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.
The price is located above the grey line 147.43 of the MBFX indicator on the EURJPY chart for today and when taking a look on vestro indicator it makes a bullish saturation on its last move to form a buy signal for the coming time.
According to this considering a bullish trend is strongly recommended till the vestro indicates another signal taking a buy trades will be my choice for this day targeting the resistance levels at 147.78 and 148.13 on a row while you can use your sop level at the area of the upcoming support at 147.22![]()
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.
The momentum indicator shows a clear cross on the EURJPY chart when the blue line heads below the red line to construct a very good selling signal for now.
On the Oracle Strength indicator a yellow color is shown and it is an indication for the bullish direction for the EURJPY pair.
The blue color of the arrows can be a confirmation for the upward direction at the Oracle direction indicator.
As a result of the previous indicators the bearish trend would be appeared as the sell cross of the momentum indicator appears on the chart and the sell trades advised to be taken as the ATR indicator still showing a sell signals.
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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.
The 3 fast EMAs is heading above the slow EMA on the chart of EURJPY to let me think that we are on a beginning of a bullish trend for the upcoming day and according to that buy positions are very welcomed .
The parabolic sar indicator by the way offers a upward signal as you can see it's dots shown below the candles of the price and also the MACD indicator perform another buy signal as you can see it moving above the level of zero and in additional to that the downward signal of CCi is clear as it located near the it's lower level .
I think you can agree with me that buying the pair is a winning trade as I think we are not facing bearish trend very soon .
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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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