Showing posts with label EURJPY. Show all posts
Showing posts with label EURJPY. Show all posts
EURJPY Bearish Cypher - 31st March, 2014
EURJPY Bearish Cypher - 31st March, 2014
Hourly Chart
- From my earlier analysis - EURJPY Forecast 31st, March 2014, I noted potential levels to look for, price has accelerated very quickly during london, and has past our first resistance area., Which now could come to our next resistance where a bearish cypher and trendline comes in
Outlook Trade opportunity
Bearish CypherRisk Level - Medium
Tips -
Always take note of any economical news event on our provided calender below
EURJPY Forecast and Trade Setup for 31st, March, 2014
EURJPY Forecast and Trade Setup for 31st, March, 2014
Daily Chart
- Positive Divergence in Stochastics while MACD stays above positive territory
Hourly Chart
- Trading below the Ichimoku Clouds, however nearing to test its resistance
- Trendline , and Important Fib levels also around the clouds
- Stochastics on H4 is overbought
- My bias is to short this and continue the bearish leg (AB =CD)
Outlook Trade opportunity
Look for candle formation around the potential resistance reversal zone as per H4 chartRisk Level LOW
Tips -
Always take note of any economical news event on our provided calender below
EURJPY Forecast and Trade setup for the week 24th March, 2014
EURJPY Forecast and Trade setup for the week 24th March, 2014
Daily Chart
- Stochastics is having a positive divergence, however due the the market condition of the Nikkei index, I am biased to the downside
Hourly Chart
- Broken ascending trendline
- Negative stochastic divergence
- Ichimoku Clouds is nearing which could do as resistance
- I also see a cypher pattern complete right now on the hourly / 4hr
Outlook Trade opportunity
At writing this analysis, I have entered a short position targeting 139.90. However risk is high as we are trading close to support than resistance.Risk Level Medium
Tips -
Always take note of any economical news event on our provided calender below
Nikkei Possible Cypher / or some pause at least? - 14th March, 2014
Nikkei Possible Cypher / or some pause at least? - 14th March, 2014
H4 Chart
Outlook Trade opportunity
Possibly Looking for support confirmation on Yen FX pairs and go LongRisk Level Medium / HIgh
Tips -
Always take note of any economical news event on our provided calender below
EURJPY Daily Forecast and Trade setup for the week 26th Feb, 2014
EURJPY Daily Forecast and Trade setup for the week 26th Feb, 2014
Weekly Chart
Hourly Chart
Outlook Trade opportunity
A Scalp Trade as I have spotted an area of overlapping fibs of 50% and 61.8% as well as inverse fib 127.20 ext of yesterdays low to high, There is also minor support at this levelRisk Level Medium
Tips -
Always take note of any economical news event on our provided calender below
EURJPY Trade setup 31st Jan, 2014
EURJPY Trade setup 31st Jan, 2014
Chart says it all ... don't you think?
Risk Level MEDIUM
Tips -
Always take note of any economical news event on our provided calender below
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