elliott irregular flat correction up 99.79 it should trade higher to 99.43 while 98.67 or98.49 offers support stop loss below 97.90
res2 99.78
res1 99.43
pivot 98.84
sup1 98.49
sup2 97.90
elliott irregular flat correction up 99.79 it should trade higher to 99.43 while 98.67 or98.49 offers support stop loss below 97.90
res2 99.78
res1 99.43
pivot 98.84
sup1 98.49
sup2 97.90
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The bullish rally is still running there, and i expect it will touch pivot again. From pivot we can see whether it is breakout or rebounce for further decision.
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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.
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 analysis for 03.27.2013 by using pivot indicator.
r3: 100.26
r2: 99.69
r1: 99.33
pivot: 98.76
s1: 98.40
s2: 97.83
s3: 97.47
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in the H1 time frame the price is not able to break last high at 99.33 and making double top. at the time macd is also move to cross zero line. we can short this pair if the price break 98.76 pivot point with the target at 98.00
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Pair analysis on the weekly frame
I see the pair under 23.6 Fibonacci level I see that the pair down to the level 93.29
Indicators tend to drop and I would recommend the sale of 98.59 and target 537 points
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Aud/jpy technical analysis by using moving averages.
date : 03.27.2013
time : 0745 GMT
time frame : 15 min
sma200 : 98.86 signal- buy.
sma100 : 98.98 signal- buy.
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fast stochastic line is intersecting slow stochastic line up downward near sell border level for this indicator as trend reversal to bearish at 99.00 it means pair is starting to become downtrend after several hours sideway near this high level as consolidation but this bearish will become small correction because in Time Frame H4 stochastic shows bullish trend
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