this pair is very very attractive pair if you ask me it make very easy read moves that can make you good trader if you try hard to do that and make you good money that is what you have to know.
Thread: Eur/Jpy
this pair is very very attractive pair if you ask me it make very easy read moves that can make you good trader if you try hard to do that and make you good money that is what you have to know.
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Prices are testing support at 131.45 (trend line from June low, 61.8% Fib)A break below that initially targets 130.63 (76.4% Fib retracement)Near-term resistance is at 132.11 (50% Fib), followed by 132.78 (38.2% Fib).I will open a sell positon from 131.50 my target is 131.00 and my stop loss is 131.70.
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today i like to sell this pair @ 131.87
my stop loss of the day @ 132.13
half take profit for today @ 131.60
and further half take profit @ 131.40
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eur/jpy today's evening time analysis basis of stochastic(5,3,3) and adx(14)
stoch(5,3,3)
main : 73.12
signal : 68.14
adx(14)
adx : 20.47
+di : 15.02
-di : 15.04
so we see the market
condition : neutral
overall trend : bearish
timeframe : m15
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Of observations by the method of technical analysis I have seen of the currency pairs Eur/Jpy and indicators that I use is the Bollinger Bands and fibbo.
It is seen that the position of the forex market are on point 131.64 and there is support and resistance on the
- R3 : 133.56
- R2 : 133.13
- R1 : 132.64
- Pivots : 132.21
- S1 : 131.72
- S2 : 131.29
- S3 : 130.8
besides Stochastic indicator shows the position of point 25 so that then I highly recommend you to open position BUY with
Take Profit is equal to 131.84 as well as Stop Loss at point 131.44
so that the target pips for today I think is at 60 pips
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awesome oscillator best indicator to signal to colors red colors down market and lime colors up market
up signal tp:30 pip
loss:20 pip
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.
Trading Signal - 7/10/2013 - 10:00 GMT+3
Instrument: EUR/JPY
60min CHART
Downwards Weak
The market is testing resistance at 132.00. We are waiting to see reversal signals in order to reinstate SHORT positions, or
alternatively the downward break of the 131.50 support level. Next important resistance the 132.30 level.
The market is in a downtrend and we are waiting for an entry signal to go SHORT below the 131.40 support level. Only the upward break of 133.20 would cancel the
bearish scenario and take us LONG.
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Data Tipe = Pivot Point
Pair= EURJPY
Time Frame = Dayly / 2013.10.07
Resistance 3 = 133.53
Resistance 2 = 133.11
Resistance 1 = 132.60
Pivot Point = 132.18
Support 1 = 131.67
Support 2 = 131.25
Support 3 = 130.74
This calculation is not a reference to create the opening position but merely an approximate calculation of the price movement.
I am not responsible for any errors that occur because the only information from the previous calculation
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.
analysis for today 10 / 7 / 2013
My daily trading,I hope the day is a success ...
EUR/JPY (Daily Trade)
Resistance : R1 132.39 R2 132.64 R3 132.84 R4 133.14
Support : S1 131.31 S2 131.06 S3 130.86 S4 130.56
Open : 131.87
High : 132.06
Low : 131.64
Range : 42 Pips
Running Price : 131.79
For intraday trade today suggest SELL at the level 131.79, stop loss at the level 132.39, target take profit at the level 130.86 or at the level 130.56
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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