Eur/jpy analysis for 09.24.2013 by using pivot indicator.
r3: 135.60
r2: 135.04
r1: 134.20
pivot: 133.64
s1: 132.80
s2: 132.24
s3: 131.40
Thread: Eur/Jpy
Eur/jpy analysis for 09.24.2013 by using pivot indicator.
r3: 135.60
r2: 135.04
r1: 134.20
pivot: 133.64
s1: 132.80
s2: 132.24
s3: 131.40
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Eur/jpy analysis :
date : 09.24.13
time : 08:45 GMT
time frame : 15 min
current rate :133.69
high : 134.03
low : 133.14
net change : 0.24%
overall trend : strongly bullish.
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analysis of several indicators that I use on eur/jpy currency with M30 and H1 timeframes are in the form of pivots indicator R3=135.56, R2=135, R1=134.2, Pivots=133.64, S1=132.84, S2=132.28, S3=131.48 indicates the following as well as I use other indicators such as zona trade that displays the zona signal BEARISH on market position 133.77 so that the most appropriate step is to conduct an open position SELL with a stop loss of 133.97 and take profit at 133.57
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Trading Signal - 23/9/2013 - 15:00 GMT+3
Instrument: EUR/JPY
60min CHART
Upwards Weak
The market is testing support at 133.50. We are waiting to see reversal signals in order to reinstate LONG positions, or alternatively the upward break of the 135.00 resistance level. Next important support the 133.00 level.
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EURJPY, yesterday bearish price move. whether prices will continue bearish trend today? looks like the price is still likely to continue the bearish scenario 132.79 to 132.24 level, but if the price managed to climb above the pivot level, the pair will likely ascend to the level of 134.18 to 135.02. however, due to strong sell movement yesterday, then I suggest to look for short positions only.
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the market conditions on the currency pairs eurjpy is TREND UP with the following criteria :
running price on the market is 133.55
time frame that I use is H1
date on the forex market is 2013.09.24 08:56:12
yesterday high = 134.44
yesterday low = 133.08
Pivots = 133.64
S1 = 132.84
S2 = 132.28
S3 = 131.48
R1 = 134.2
R2 = 135
R3 = 135.56
so I'm is recommend your to open position BUY at current market 133.55 points with the risk management stop loss at point 133.25 and take profit at point 133.85
please try this and good luck all
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Eur/jpy analysis :
date : 09.24.13
time : 03:00 GMT
time frame : 15 min
current rate :133.27
high : 133.46
low : 133.14
net change : -0.07%
overall trend : strongly bearish.
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eur/jpy
if we see the market with two indicator adx wilder(14) & adx(14) in 1 hour timeframe.the value of two diferrent indicator shows us that
adx wilder(14) level
style : 26.53
+di : 20.20
-di : 21.60
adx(14) level
adx : 28.95
+di : 15.74
-di : 13.35
so overall market trand is : slightly bearish
timeframe : m15
time : 0300 gmt
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I use scalping strategies on this currency pairs Eur/Jpy so I prefer the short time that is the timeframe M15 and M30,
that's position market on 133.26 then also there are some indicators that I use as the Bollinger Bands is TREND DOWN, ADX is TREND DOWN, Stochastic is TREND DOWN.
Then consider the position if the market trend is moving toward more leads TREND DOWN,
then I strongly encourage you to order SELL at current market at 01:51 and use a stop loss and take profit of 30 pips
is the take profit at 132.96 and stop loss at 133.56
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Hi,,
in the chart 4h we can see the pair will go to down way in the future
I see the pair will go to 132.60
I expect from this analyze that the price will go to down way
so sell from 133.33 to 132.60
good luck
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