eur/jpy technical analysis by using : adx
adx : 31.7627
+di : 6.3135
-di : 30.7358
timeframe : h4
time : 0800
Thread: Eur/Jpy
eur/jpy technical analysis by using : adx
adx : 31.7627
+di : 6.3135
-di : 30.7358
timeframe : h4
time : 0800
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118.40 is a critical point for the pair since the pair are still testing the strength of this level as the level of confirmation of bullish when the pair broke through on it but but if it turns out the pair have difficulty penetrate the pair will be bearish again
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EURJPY felt on yesterday movement, the pair was touched 21 period MA on daily frame. Today the level will be re-tested. The current price is 118.10, so it it possible to go down towards 117.45 (MA 21), and if the level is broken, the pair may continue fall towards 116.60
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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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eur/jpy technical analysis by using : adx
adx : 28.1218
+di : 16.6937
-di : 25.7792
timeframe : 1 hour
date : 22.01.2013
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All the cross pairs fall strongly after the Japanese Press Conference today. The EUR/JPY has formed a harmonic pattern. This is a reversal pattern. So, I think the EUR/JPY will be up soon.
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Just decided to add one more sale at eur / jpy as the pair broke through and has steadily strengthened below the moving alligator, besides a couple is in the final stage forming the northern haul waves, southern goals are not yet developed, the couple has a chance not only to approach the 116.80 mark and break it.
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mere khayal say aaj eur/jpy nichay ko movment keray ga wo is liay kiu kay dollar kafi nichay chala gaya hai or mene daikha hai jub dollar nichay jata hai to sari market uper hoti hai jub dollar hota hai market nichay hota hai.ab dollar kay uper janay kay chances hain isi liay mere khayal say nichay jaey ga.
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If you carefully analyze the 4-hour chart is there much closer to the lower boundary of the medium-term rising channel from it already was a small northern retreat which I expect will grow into a new wave of northern exit to the 120.80 area (the upper limit of the channel), the south is not considered , waiting for your entry point to buy.
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