Thread: Aud/Jpy
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analysis for today 5 / 29 / 2014
AUD/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 94.14
Retracement (50%) 94.05
retracement (61,8%) 93.96
Extensions (61.8%) 94.90
Extensions (100.0%) 95.19
Extensions (138.2%) 95.48
Extensions (161.8%) 95.66
calculation based on a Fibonacci retracement then today I choose buy
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pair- aud/jpy
chart analysis time frame- m30
the price is making double bottom chart pattern with the support at 93.75 and the resistance at pivot point 94.05 level. the price is now at the higher resistance side at 94.45 level and may again falling. short with the take profit at 94.00 and stop loss at 95.80
good luck.
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analysis for today 5 / 29 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle AUDJPY on the date 5 / 28 / 2014
OPEN 94.36
HIGH 94.43
LOW 93.67
CLOSED 94.00
The third resistance (R3) 94.43 - ( 94.03 - 93.67 = 0.36 x 2 = 0.73 )= 95.16
The second Resistance (R2) 94.03 + 94.43 - 93.67 = 94.79
First resistance (R1) 94.03 x 2 = 188.07 - 93.67 = 94.40
pivot points 94.43 + 93.67 + 94.00 = 282.10 / 3 = 94.03
Support for the first (S1) 94.03 x 2 = 188.07 - 94.43 = 93.64
Support second (S2) 94.03 - ( 94.43 - 93.67 = 0.76 ) = 93.27
Third Support (S3) 93.67 - ( 94.43 - 94.03 = 0.40 x 2 = 0.79 )= 92.88
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On the pair AUDJPY Today's analysis 5/29/2014 : with the direction of the price heading Down I'm going to consider 93.7
as the strongest support level for now, only then I'm going to consider it a selling position unless it rebounded then I am gonna shift to buying instead. On the other hand I'm going to consider 94.08 as the strongest Resistance level for now waiting for the price to break it to start buying, otherwise I'll shift to sell .
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AUDJPY chart considering that the overall direction is Up I would assume that the price 94.24 would be the strongest resistance level at the moment and of course if the price bounced from it then it's the best place to sell from but on the other hand if it got broken then buying would be a better option also the strongest support would be at the price 94.06 where the range would be the strongest until it's broken , then it's the perfect place to sell from. .
pair- aud/jpy
chart analysis time frame- m30
the macd divergen is reducing to the zero level but the price is not able to break the strong support trend line at the 94.20 level. if upper side this is break resistance at 94.50 then make long entry with profit target at 95.00 and stop loss below the pivot point 94.10
good luck.
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analysis for today 5 / 27 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle AUDJPY on the date 5 / 26 / 2014
OPEN 94.07
HIGH 94.20
LOW 94.02
CLOSED 94.09
The third resistance (R3) 94.20 - ( 94.10 - 94.02 = 0.08 x 2 = 0.17 )= 94.37
The second Resistance (R2) 94.10 + 94.20 - 94.02 = 94.28
First resistance (R1) 94.10 x 2 = 188.21 - 94.02 = 94.19
pivot points 94.20 + 94.02 + 94.09 = 282.31 / 3 = 94.10
Support for the first (S1) 94.10 x 2 = 188.21 - 94.20 = 94.01
Support second (S2) 94.10 - ( 94.20 - 94.02 = 0.18 ) = 93.92
Third Support (S3) 94.02 - ( 94.20 - 94.10 = 0.10 x 2 = 0.19 )= 93.83
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the pair AUDJPY chart considering that the overall direction is Up I would assume that the price 94.22 would be the strongest resistance level at the moment and of course if the price bounced from it then it's the best place to sell from but on the other hand if it got broken then buying would be a better option also the strongest support would be at the price 94.04 where the range would be the strongest until it's broken , then it's the perfect place to sell from.
pair- aud/jpy
chart analysis time frame- m30
the cci indicator is moving at the -100 level and the macd is giving to give down movement signal. the price up movement is also rejecting from the resistance at 94.28 level and down movement can expected with breaking 94.00 level. short with the take profit at 93.50
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.
analysis for today 5 / 26 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle AUDJPY on the date 5 / 23 / 2014
OPEN 93.80
HIGH 94.18
LOW 93.76
CLOSED 94.06
The third resistance (R3) 94.18 - ( 94.00 - 93.76 = 0.24 x 2 = 0.48 )= 94.66
The second Resistance (R2) 94.00 + 94.18 - 93.76 = 94.42
First resistance (R1) 94.00 x 2 = 188.00 - 93.76 = 94.24
pivot points 94.18 + 93.76 + 94.06 = 282.00 / 3 = 94.00
Support for the first (S1) 94.00 x 2 = 188.00 - 94.18 = 93.82
Support second (S2) 94.00 - ( 94.18 - 93.76 = 0.42 ) = 93.58
Third Support (S3) 93.76 - ( 94.18 - 94.00 = 0.18 x 2 = 0.36 )= 93.40
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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