Thread: Eur/Jpy
Daily Forecast
Pair : EURJPY
Major Trend : BULLISH
Time Frame : H1
Reason : No sign the market can down ,. Safer took a position with the targets follow the trend of 143.09. The RSI still tends to revolve in the area 50-80
Recomm. Poss : Buy with a target of 143.09
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Daily forecast: EURJPY 04 Nov. 2014.
Technical analysis for Daily forecast of EURJPY 04 November, 2014. In Daily chart EURJPY shows bullish trend. At present EURJPY above the pivot point and going towards the 1st resistance level. If 1st resistance level breaks then next strong resistance level is 146.650.
Pivot: 141.759
Resistance levels
R1 143.126
R2 143.916
R3 145.283
R4 146.650
Support levels
S1 140.969
S2 139.602
S3 138.812
S4 138.022
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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 137.8933 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 142.1033 .
On the other hand if the price penetrated the support at the level 137.8933 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 135.1267 of the next Pivot level.
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pair- eur/jpy
analysis time frame- m5
the parabolic sar is giving down trend signal from the resistance at 142.555 level and try to break the moving average 50. if this is move below the 142.00 then make short entry with take profit at 141.70 and stop loss at the 143.75
good luck
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analysis for today 11 / 3 / 2014
EUR/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 138.86
Retracement (50%) 139.23
retracement (61,8%) 139.59
Extensions (61.8%) 135.75
Extensions (100.0%) 134.56
Extensions (138.2%) 133.37
Extensions (161.8%) 132.64
calculation based on a Fibonacci retracement then today I choose sell
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analysis for today 11 / 3 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EUR/JPYon the date 10 / 31 / 2014
OPEN 137.75
HIGH 140.78
LOW 137.67
CLOSED 140.66
The third resistance (R3) 140.78 - ( 139.70 - 137.67 = 2.03 x 2 = 4.07 )= 144.85
The second Resistance (R2) 139.70 + 140.78 - 137.67 = 142.81
First resistance (R1) 139.70 x 2 = 279.41 - 137.67 = 141.74
pivot points 140.78 + 137.67 + 140.66 = 419.11 / 3 = 139.70
Support for the first (S1) 139.70 x 2 = 279.41 - 140.78 = 138.63
Support second (S2) 139.70 - ( 140.78 - 137.67 = 3.11 ) = 136.59
Third Support (S3) 137.67 - ( 140.78 - 139.70 = 1.08 x 2 = 2.15 )= 135.52
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Daily forecast: EURJPY 03 Nov. 2014.
Technical analysis for Daily forecast of EURJPY 03 November, 2014. In Daily chart EURJPY shows bullish trend. At present EURJPY above the pivot point and going towards the 1st resistance level. If 1st resistance level breaks then next strong resistance level is 146.882.
Pivot: 139.705
Resistance levels
R1 141.739
R2 142.813
R3 144.847
R4 146.882
Support levels
S1 138.631
S2 136.597
S3 135.523
S4 134.450
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Pair : EURJPY
Major Trend : BULLISH
Time Frame : H4
Reason : Strong resistance at 141.05 and closing Friday there is a bearish candle and shadow. RSI at 80. The pivot point area untouched
Recomm. Poss : Sell now the target of the pivot point, or until S2 (139.71- 137.78)
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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 140.6467 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 141.0333 .
On the other hand if the price penetrated the support at the level 140.6467 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 140.6533 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.
Weekly forecast: EURJPY 03-07 Nov. 2014
Technical analysis for weekly forecast for EURJPY 03-07 Nov. 2014. In weekly chart EURJPY shows bullish trend. At present EURJPY above the pivot point and going towards the 1st resistance level. If 1st resistance level breaks then next strong resistance level is 149.068.
Pivot: 139.340
Resistance levels
R1 142.104
R2 143.541
R3 146.305
R4 149.068
Support levels
S1 137.903
S2 135.139
S3 133.702
S4 132.264
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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