Thread: Eur/Jpy
pair- eur/jpy
analysis time frame- m15
the price movement setup the down trend channel pattern with having the support at 142.05 level the resistance at 142.66 level. now the rsi indicator is showing oversold as moving level 70 so its down movement can expected. short with take profit at 142.00 and stop loss at 143.00
good luck.
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analysis for today 11 / 10 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EUR/JPYon the date 11 / 7 / 2014
OPEN 142.57
HIGH 142.99
LOW 142.25
CLOSED 142.73
The third resistance (R3) 142.99 - ( 142.66 - 142.25 = 0.41 x 2 = 0.81 )= 143.80
The second Resistance (R2) 142.66 + 142.99 - 142.25 = 143.40
First resistance (R1) 142.66 x 2 = 285.31 - 142.25 = 143.06
pivot points 142.99 + 142.25 + 142.73 = 427.97 / 3 = 142.66
Support for the first (S1) 142.66 x 2 = 285.31 - 142.99 = 142.32
Support second (S2) 142.66 - ( 142.99 - 142.25 = 0.74 ) = 141.92
Third Support (S3) 142.25 - ( 142.99 - 142.66 = 0.33 x 2 = 0.67 )= 141.58
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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 144.5067 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 140.6867 .
On the other hand if the price penetrated the resistance at the level 144.5067 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 146.2633 of the next Pivot level.
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pair- eur/jpy
analysis time frame- m15
the price has been break the supporting trend line at the 142.75 level with the parabolic short signal. now the price is oversold with rsi indicator as moving level 30. if this is break the resistance of moving average then long with take profit at 143.60 and stop loss at 142.23
good luck.
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Daily forecast: EURJPY 07 Nov. 2014.
Technical analysis for Daily forecast of EURJPY 07 November, 2014. In Daily chart EURJPY shows bearish trend. At present EURJPY below the pivot point and going towards the 1st support level. If 1st support level breaks then next strong support level is 138.499.
Pivot: 142.979
Resistance levels
R1 143.783
R2 145.008
R3 145.812
R4 146.615
Support levels
S1 141.754
S2 140.950
S3 139.725
S4 138.499
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analysis for today 11 / 6 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EUR/JPYon the date 11 / 5 / 2014
OPEN 143.13
HIGH 144.20
LOW 142.18
CLOSED 142.56
The third resistance (R3) 144.20 - ( 142.98 - 142.18 = 0.80 x 2 = 1.60 )= 145.80
The second Resistance (R2) 142.98 + 144.20 - 142.18 = 145.00
First resistance (R1) 142.98 x 2 = 285.96 - 142.18 = 143.78
pivot points 144.20 + 142.18 + 142.56 = 428.94 / 3 = 142.98
Support for the first (S1) 142.98 x 2 = 285.96 - 144.20 = 141.76
Support second (S2) 142.98 - ( 144.20 - 142.18 = 2.02 ) = 140.96
Third Support (S3) 142.18 - ( 144.20 - 142.98 = 1.22 x 2 = 2.44 )= 139.74
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Spoiler:
Daily Forecast
Pair: EURJPY
Major Trend: Bearish
Time Frame: H1
Reason: Prices are still not correct break yesterday which is now the daily pivot point 142.98. RSI below 50.Harga line will retest in the support that has been formed (142.21)
Recommendation: Sell with a target limit at 142.98 142.21
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pair- eur/jpy
analysis time frame- m15
the price is break the supporting trend line at the pivot point 142.97 and falling down to the daily support 141.89. now the rsi indicator is showing oversold as moving level 30. if the price is move above 142.55 then long with take profit at 143.15 and stop loss at 141.50
good luck.
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/53i84h
analysis for today 11 / 6 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EUR/JPYon the date 11 / 5 / 2014
OPEN 142.50
HIGH 143.43
LOW 142.35
CLOSED 143.12
The third resistance (R3) 143.43 - ( 142.97 - 142.35 = 0.62 x 2 = 1.23 )= 144.66
The second Resistance (R2) 142.97 + 143.43 - 142.35 = 144.05
First resistance (R1) 142.97 x 2 = 285.93 - 142.35 = 143.58
pivot points 143.43 + 142.35 + 143.12 = 428.90 / 3 = 142.97
Support for the first (S1) 142.97 x 2 = 285.93 - 143.43 = 142.50
Support second (S2) 142.97 - ( 143.43 - 142.35 = 1.08 ) = 141.89
Third Support (S3) 142.35 - ( 143.43 - 142.97 = 0.46 x 2 = 0.93 )= 141.42
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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