Eur/jpy analysis :
date : 09.20.13
time : 13:15 GMT
time frame : 15 min
current rate : 134.60
high : 134.76
low : 134.15
net change : 0.03%
overall trend : slightly bullish.
Thread: Eur/Jpy
Eur/jpy analysis :
date : 09.20.13
time : 13:15 GMT
time frame : 15 min
current rate : 134.60
high : 134.76
low : 134.15
net change : 0.03%
overall trend : slightly 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=138.15, R2=136.54, R1=135.54, Pivots=133.93, S1=132.93, S2=131.32, S3=130.32 indicates the following as well as I use other indicators such as zona trade that displays the zona signal BEARISH on market position 134.62 so that the most appropriate step is to conduct an open position SELL with a stop loss of 134.87 and take profit at 134.37
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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 : 38.55
+di : 24.72
-di : 12.91
adx(14) level
adx : 17.01
+di : 17.51
-di : 11.94
so we can decide that the market trand is : up
timeframe : 1 hour
time : 1200 gmt
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EUR JPY breached 133.80 level which formed the waited positive target, to notice strong positive rally hitting 134.95 level yesterday, and we expect the continuation of the price attempt to reach 135.40 level conditioned by stability above 133.80 as an initial support against the current trading. Stochastic attempts to leave the overbought area to gain the required positive momentum to reach the mentioned target.
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time frame- M15
the price is having up trend signal with the parabolic sar indicator but now the rsi indicator is at the 70 level and the price is also having the resistance at 134.60. if this resistance is break then it will move to the 135.00
trade type- long
target@135.00
stop loss@134.25
good luck.
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.
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 134.46 then also there are some indicators that I use as the Bollinger Bands is TREND UP, 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 12:04 and use a stop loss and take profit of 30 pips
is the take profit at 134.16 and stop loss at 134.76
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the market conditions on the currency pairs eurjpy is OVERBOUGHT with the following criteria :
running price on the market is 134.37
time frame that I use is H1
date on the forex market is 2013.09.20 11:31:57
yesterday high = 134.93
yesterday low = 132.32
Pivots = 133.93
S1 = 132.93
S2 = 131.32
S3 = 130.32
R1 = 135.54
R2 = 136.54
R3 = 138.15
so I'm is recommend your to open position SELL at current market 134.37 points with the risk management stop loss at point 134.67 and take profit at point 134.07
please try this and good luck all
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 is still playing in the key area in MM 6/8 in the price area of 134.3. EURJPY still holds the potential to continue to rise. All indi still agreed to give a bullish signal that this pair likely still be up to the level of 135.54 or higher. Opportunities down could happen if the price broke down below the pivot level.
Last edited by vetra; 2013-09-20 at 09:52 AM.
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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