Thread: Eur/Jpy
9th July 2014, BEARISH TREND.
In EUR/JPY, price starts to move higher from its recent low and is approaching 138.68 resistance level. Traders may consider shorting around this resistance level when sell signals arise, if price successfully rejects from this 138.68 resistance level, we may see price moves lower from here to its next support level at 138.00.
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Last edited by edmar6969; 2014-07-09 at 08:04 PM.
The chart of EURJPY and the golden tendency string show a yellow color as the price going below the level and that indicate a bearish signal for clear.
There was a orange dot of the golden finger appears above the blue candle of the golden signal K which indicate a strong sell signal for now.
The MACD indicator shows a buy signal due to the bullish intersection above the 0.0 line and this is a good confirmation for the bullish direction .
A sell signal is shown by the golden varitey indicator by 3down signals to get a high chance for bearish trend .
On the long term it is recommended to target the area of 137.86 because there isnt any strong level waiting the price before these levels so choosing it as a take profit may be a good choice.
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On the H4 Chart, the price is going upward along with a bullish trend and a shark pattern on the trend line is on-sight simultaneously. Based on the time being fulfilled and positive hidden divergence as well, we are expecting to see a growth if 138.40 area was broken above and also in case of increasing the demand has happened across the market.
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As you can see on the EURJPY chart there are a bearish signal formed by the histogram indicator by getting a red line which appears below the level 0 .
On the other hand the Market emotion indicators shows a kind of bearish direction as you can see it is showing a red line for the last candle.
About the Guru indicator it is also showing a signal by seeing the line below the level 0 and the last bars is red then it is a good bearish signal.
Finally there are a buy cross formed by the two exponential moving averages 9 and 152 then you can consider a bullish trend on the coming candles.
As I think according to what you can see above, buying is the side that I will choose in the current time and for a take profit the level of 138.85 is a good area as you can see it is the first resistance that the price can meet
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When we see the chart of EURJPY there is down trend with up arrows and red candles in Henkin Ashi indicatror .
In the same time T3-Clean indicator makes an intersection with thw Snake indicator which make buy signal for now .
Finally there is red signal at the trend-session that shows a strong possibility for down trend .
if we saw the last signal I think we should choose buy orders and it is the best betting for now .
for the buy operation target the resistance 138.66 is the best point to claim your profits .
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As you can see on the EURJPY chart the price is moving at a bearish channel. .
Now the price hits the low edge of donchain channel and I can say that a buy trades can be open by now targeting the high edge .
Stostatic by the way have a buy signal by having a bullish intersection near the 20 th level .
Finally a buy signal is shown on the awesome oscillator as you can see by having the bars below the 0 level and also the last bar is colored by green .
To make a clear decision from the previous givens the price have a higher chance to head up till the higher level of donchain channel but if you face the up edge of manually drawn channel then you have to close any buy trades and for more strength for your trades waiting for a buy signals drom awesome oscillator and stostatic is prefered .
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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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mera favt pair eur jpy he hai aur mughy is mai trade karna kafi acha lagta hai kio k is mai kafi achea trade hoti hai trend theak sai samjh mai ata hai aur jald he trade bhi mil jati hai mera leyay yai pair kafi faida mai rahta hau,,,
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 7 / 8 / 2014
EUR/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 138.56
Retracement (50%) 138.61
retracement (61,8%) 138.65
Extensions (61.8%) 138.17
Extensions (100.0%) 138.02
Extensions (138.2%) 137.87
Extensions (161.8%) 137.78
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.
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