Thread: Eur/Jpy
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analysis for today 11 / 26 / 2014
EUR/JPY
Resistance : R1 147.60 R2 147.85 R3 148.05 R4 148.35
Support : S1 146.41 S2 146.16 S3 145.96 S4 145.66
Open : 147.16
High : 147.16
Low : 146.85
Range : .31 Pips
Running Price : 146.96
Strategy : BUY at the level 146.96 stop loss at the level 146.41 target take profit at the level 148.05 or at the level 148.35
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On our EURJPY pair today we can see that the price is taking a upward direction and thats due to the blue dots below the candles if the price kept its position higher than the strong support 144.1267 which happens to be a weekly pivot level then I can assume that price would be taking a north direction till it reaches the weekly pivot resistance 148.4767 .
On the other hand if the price penetrated the support at the level 144.1267 and red dots appeared indicating bearish signals then I can assume that the price will be taking a south direction till it reaches the support of the level 142.2733 of the next Pivot level.
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pair- eur/jpy
analysis time frame- m15
the price is moving up side with breaking the resistance of moving average 50 but not able to move above the resistance at 147.00 level and again down side. this may be hold at the support of pivot point 146.68 level. long with take profit at 147.55 and stop loss at 146.25
good luck.
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Spoiler:
Daily Forecast
Pair: EURJPY
Major Trend: NEUTRAL
Time Frame: H4
Reason: Last week, the price has broken through the middle Bollinger band area, and now can not penetrate the midline Bollinger at 147.35. The trend has changed to bearish, plus there are 2 bearish candle, the price is expected to go to the first support at 143.70 weekly for long term trend. Stochastic and RSI has recommended to sell.
Recommendation: Sell with a target of 145.61
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 our EURJPY pair today we can see that the price is taking a upward direction and thats due to the blue dots below the candles if the price kept its position higher than the strong support 144.1267 which happens to be a weekly pivot level then I can assume that price would be taking a north direction till it reaches the weekly pivot resistance 148.4767 .
On the other hand if the price penetrated the support at the level 144.1267 and red dots appeared indicating bearish signals then I can assume that the price will be taking a south direction till it reaches the support of the level 142.2733 of the next Pivot level.
.
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.
pair- eur/jpy
analysis time frame- m15
the rsi indicator is moving at the level 70 and showing strong overbought. in the price chart its break the resistance of moving average at 145.82 and price hit the daily pivot point at 146.09 level so again correction or down movement can expected. short with take profit at 145.40 and stop loss at 146.92
good luck.
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Break of 152.59 will focus on a test on 169.96 (2008 high). On the drawback, break of 134.13 is required to affirm medium term inversion. Something else, standpoint will stay bullish.The EUR/JPY descending quickening through 145.50 prompt help ought to see the pair stretching out down to November seventeenth low around 144.80, where yen dealers may stop the dying. Nonetheless, if Euro shortcoming continues, the pair can at last break beneath it, looking at then the 144.00 imprint.
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The EUR/JPY experienced both, a stronger yen and a weaker Euro, bringing about an almost 250 pips slide last Friday that at any rate stretches out with the week by week opening." "The 1 hour graph shows value forcing its 200 SMA, level that held last American session, while indicators stay directionless in great oversold levels."
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Daily Forecast
Pair: EURJPY
Major Trend: Bearish
Time Frame: H4
Reason: Pivot point today is 146.69, the price is likely to be a correction in the area, before continuing the trend Barish to 144.99. While prediction remains bearish today. For RSI has broken through the line 50 and moves downward, while stochastic has been in the oversold area.
Recommendation: Sell Limit at 146.66
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 our EURJPY pair today we can see that the price is taking a downward direction and thats due to the red dots above the candles if the price kept its position lower than the strong resistance 146.95 which happens to be a weekly pivot level then I can assume that price would be taking a south direction till it reaches the weekly pivot support 143.19 .
On the other hand if the price penetrated the resistance at the level 146.95 and blue dots appeared indicating bullish signals then I can assume that the price will be taking a north direction till it reaches the resistance of the level 148.27 of the next Pivot level.
.
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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