Thread: Eur/Jpy
Trading analysis for 22nd August, 2014. In Daily chart EURJPY shows bullish trend. At present EURJPY is at the pivot point. If it breaks 1st resistance level then next strong resistance level is 138.865.
Pivot: 137.766
Resistance levels
R1 138.076
R2 138.244
R3 138.554
R4 138.865
Support levels
S1 137.598
S2 137.288
S3 137.120
S4 136.953
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analysis for today 8 / 21 / 2014
EUR/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 137.40
Retracement (50%) 137.33
retracement (61,8%) 137.25
Extensions (61.8%) 138.05
Extensions (100.0%) 138.30
Extensions (138.2%) 138.55
Extensions (161.8%) 138.70
calculation based on a Fibonacci retracement then today I choose buy
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analysis for today 8 / 21 / 2014
EUR/JPY
Resistance : R1 138.21 R2 138.46 R3 138.66 R4 138.96
Support : S1 136.97 S2 136.72 S3 136.52 S4 136.22
Open : 137.56
High : 137.72
Low : 137.46
Range : .26 Pips
Running Price : 137.67
Strategy : BUY at the level 137.67 stop loss at the level 136.97 target take profit at the level 138.66 or at the level 138.96
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analysis for today 8 / 21 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EUR/JPYon the date 8 / 20 / 2014
OPEN 137.08
HIGH 137.65
LOW 137.00
CLOSED 137.56
The third resistance (R3) 137.65 - ( 137.40 - 137.00 = 0.40 x 2 = 0.81 )= 138.46
The second Resistance (R2) 137.40 + 137.65 - 137.00 = 138.05
First resistance (R1) 137.40 x 2 = 274.81 - 137.00 = 137.81
pivot points 137.65 + 137.00 + 137.56 = 412.21 / 3 = 137.40
Support for the first (S1) 137.40 x 2 = 274.81 - 137.65 = 137.16
Support second (S2) 137.40 - ( 137.65 - 137.00 = 0.65 ) = 136.75
Third Support (S3) 137.00 - ( 137.65 - 137.40 = 0.25 x 2 = 0.49 )= 136.51
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Trading analysis for 21st August, 2014. In Daily chart EURJPY shows bullish trend. At present EURJPY above the pivot point and going towards the 1st resistance level.
Pivot: 137.407
Resistance levels
R1 137.811
R2 138.054
R3 138.458
R4 138.861
Support levels
S1 137.164
S2 136.760
S3 136.517
S4 136.273
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Trading Signal - 20/08/2014 - 10:00 (GMT +3)
Instrument: EURJPY
60min CHART
Range
The market is in a Range. We remain neutral waiting for a break in either direction.
A Medium probability, entry signal to go LONG was given at 137.30 after the market found support at 136.00. Only the downward break of 136.00 would cancel the bullish scenario.
Support & Resistances
136.70 137.60
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analysis for today 8 / 20 / 2014
EUR/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 137.01
Retracement (50%) 136.97
retracement (61,8%) 136.93
Extensions (61.8%) 137.35
Extensions (100.0%) 137.48
Extensions (138.2%) 137.61
Extensions (161.8%) 137.69
calculation based on a Fibonacci retracement then today I choose buy
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 8 / 20 / 2014
EUR/JPY
Resistance : R1 137.79 R2 138.04 R3 138.24 R4 138.54
Support : S1 136.42 S2 136.17 S3 135.97 S4 135.67
Open : 137.08
High : 137.17
Low : 137.04
Range : 13 Pips
Running Price : 137.12
Strategy : BUY at the level 137.12 stop loss at the level 136.42 target take profit at the level 138.24 or at the level 138.54
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 8 / 20 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EUR/JPYon the date 8 / 19 / 2014
OPEN 137.05
HIGH 137.14
LOW 136.80
CLOSED 137.07
The third resistance (R3) 137.14 - ( 137.00 - 136.80 = 0.20 x 2 = 0.41 )= 137.55
The second Resistance (R2) 137.00 + 137.14 - 136.80 = 137.34
First resistance (R1) 137.00 x 2 = 274.01 - 136.80 = 137.21
pivot points 137.14 + 136.80 + 137.07 = 411.01 / 3 = 137.00
Support for the first (S1) 137.00 x 2 = 274.01 - 137.14 = 136.87
Support second (S2) 137.00 - ( 137.14 - 136.80 = 0.34 ) = 136.66
Third Support (S3) 136.80 - ( 137.14 - 137.00 = 0.14 x 2 = 0.27 )= 136.53
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.
Trading analysis for 20th August, 2014. In Daily chart EURJPY shows bullish trend. At present the price breaks 1st resistance level and near to the 2nd resistance level. If the price continue to go upward then next strong resistance level is 137.753.
Pivot: 137.006
Resistance levels
R1 137.209
R2 137.347
R3 137.550
R4 137.753
Support levels
S1 136.868
S2 136.665
S3 136.527
S4 136.389
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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