As you see in my following attached chart, ascending channel has been broken downy, so falling down till 122.19 then 121.47 will be expected
Thread: Eur/Jpy
As you see in my following attached chart, ascending channel has been broken downy, so falling down till 122.19 then 121.47 will be expected
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in the h4 time frame the is moving in the channel pattern. the upper side resistance of the channel at the 124.15 and lower side support at the 121.60. now it is side of the resistance so we can short this pair to the target again support at 121.70
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Eur/jpy analysis for 03.25.2013 by using pivot indicator.
r3: 127.56
r2: 126.02
r1: 125.10
pivot: 123.56
s1: 122.64
S2: 121.10
s3: 120.18
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Eur/jpy technical analysis by using moving averages.
date : 03.25.2013
time : 0730 GMT
time frame : 15 min
sma200 : 122.96 signal- buy.
sma100 : 122.87 signal- 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.
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.
see the price movement candlestick on the daily timeframe seems to have formed a triangle pattern. so we waited until the trendline support at the break. if you see the shape of the power seems to bearish candlestick is still so strong. There is also a possibility become wave C in elliot wave pattern.
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eur / jpy day up
what about tomorrow
see the market decided
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for my analysis EURJPY pair I try to give a picture of the supply and demand strategy analisys ...
look at the picture when prices were still in the middle area of supply and demand, I might wait until the prices rally to supply the new position I will sell, and if you break down I'll wait until the price test new supply area ...
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eur/jpy weekly analysis
the price is rejected form the upper resistance at 127.55 and not able to move resistance side. in last week the price make doji pattern and open with negative gap. price fill gap but end of the week price again move to down side. rsi is also move out from the over bought area. we can short this pair to the target fibo 50 level at 116.00
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