Thread: Eur/Jpy
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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.
eur/jpy market analysis by using : average directional movement index wilder(14) & average directional movement index(14)
adx wilder(14) level
style : 26.00
+di : 22.50
-di : 16.39
adx(14) levels
adx : 30.98
+di : 18.74
-di : 9.93
time : 1500
date : 23.07.2013
timeframe : 1 hour
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today i like to buy this pair @ 131.00
my stop loss of the day @ 130.66
half take profit for today @ 131.40
and further half take profit @ 131.76
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.
As you see in my following attached chart, the pair traded between a high of 132.22 and a low of 131.12, closed at 131.39. Today the pair trades below the resistance line of 132.70.
Downside Scenario: EUR JPY could decline to the levels of 130.50 then 129.40, if the resistance line of 132.70 holds.
Upside Scenario: Upside penetration of the resistance line of 132.70 could send the pair to the levels of 133.60 then 134.55.
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time frame- H1
the price is moving in the dwon trend direction. it has a good resistance at the 131.45 level that may be not break and the price will move again down. side. this will try to move at the support level 130.96 and lower. short this pair with the take profit and stop loss at the 131.50
good luck
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Pattern expected at Break / reversal. On July 23. In a pair EURJPY, in recent days there was a serious seller, but it was lowering the price level was fixed at 130.75 vyshee, yesterday sold despite the rise in volatility, in the last two days of TD Support 130.75, 132.23 resistance, volatility in the last 7 days, 2.19, 131.64 frame, everything seems to be that there was drinking here, but while I wait, it will break-down. Justification of the forecast - high volatility and the current price is below the benchmark.
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.
The pair is trading sideways under pressure. The channel is replaced. Value below the regression line.
Pair of sliding EMA with a period of 50 and 100.
MACD is in the negative zone, but slightly above its signal line, continues to rise very slowly, and thus sends a signal to buy.
Stochastic is overbought, and provides a similar signal.
RSI is neutral.
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Eur/jpy pivot levels for 23.07.2013 by using fibonacci pivot indicator.
resistant 1:132.71
resistant 2:132.28
resistant 3:132.02
pivot point :131.60
support 1:131.18
support 2:130.91
support 3:130.49
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.
EURJPY conditions on a monthly basis in a state trending up, yesterday seen prices bounce off the upper BB480. possibility trending up will still take place. on the movement of the weekly price in conditions of consolidation, are not able to penetrate the lower BB120. the daily reference, price trend will also rise, as prices have been above the MA 24. bullish predictions.
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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