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plan for today is short this pair @ 100.33
my stop loss for today @ 100.67
half take profit @ 100.00
and half @ 99.67
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Aud/jpy analysis for 05.17.13 by using pivot indicator.
r3: 102.00
r2: 101.63
r1: 100.94
pivot: 100.57
s1: 99.88
s2: 99.51
s3: 98.82
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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.
aud/jpy market analysis by using : average directional movement index
adx : 23.5757
+di : 11.7899
-di : 20.6711
timeframe : 1 hour
date : 17.05.2013
time : 1600
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Pivot levels today:
R3: 102.03
R2: 101.67
R1: 100.96
PP: 100.60
S1: 99.89
S2: 99.53
S3: 98.82
Comment: Price now is below the daily and weekly pivot levels, also it is below the 55 SMA, so more fall is expected.
Forecast: Price may fall to 99.53.
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Aud/jpy pivot levels by using fibonacci pivot indicator.
r3: 101.74
r2: 101.32
r1: 101.06
pivot : 100.64
s1: 100.22
s2: 99.96
s3: 99.54
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elliott extended impulse wave down 99.56 market should not go lower than 100.28 - 99.94 after this move down it should go up to 100.72 - 101.01 area
res2 101.70
res1 101.01
pivot 100.63
sup1 99.94
99.56
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we can see in the 4h chart
I see the pair will go to up way to 101.33
stochastic refers that the pair will go up
so our target buy from 100.33 and our target will 100pips
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AUDJPY,H1
Date 2013.05.17
Time 02:00
Open 100.31
High 100.36
Low 100.28
Close 100.30
Volume 62
SMA(5) 100.30
SMA(10) 100.36
SMA(20) 100.51
SMA(50) 100.86
SMA(100) 101.08
SAR 100.39
Indicator window 1
Stoch(5,3,3) 45.4545
Signal 34.5463
Indicator window 2
RSI(14) 36.3148
Indicator window 3
MACD(12,26,9) -0.173
Signal -0.170
Indicator window 4
%R(14) -83.0508
based on combination of indicators above,
trend : BEARISH
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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