USDJPY Technical Analysis 23.06 - 30.06 : Rally Finishing to Ranging - page 2

[Sergey Golubev]

There are some other news events for today which may be reflected to the movement of USDJPY :

2013-06-27 12:30 GMT | [USD - Core Personal Consumption Expenditure Price Index (Core PCE Price Index)]

2013-06-27 14:00 GMT | [USD - FOMC Member Speaks]

2013-06-27 23:30 GMT | [JPY - National CPI Core]

2013-06-27 23:50 GMT | [JPY - Retail Sales]

So, be careful with trading.

[Sergey Golubev]

We had the following news event for right now :

2013-06-27 12:30 GMT | [USD - Core Personal Consumption Expenditure Price Index (Core PCE Price Index)

It was 37 pips to one direction :

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USDJPY, M1, 2013.06.27

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37 pips

[Sergey Golubev]

This is Friday today and we are going to the the following news events :

2013-06-28 12:00 GMT | [USD - FOMC Member Speaks]

2013-06-28 12:00 GMT | [EUR - German CPI] ; previous data 1.5%; forecast is 1.7%

2013-06-28 13:45 GMT | [USD - Chicago PMI Index] ; previous data 58.7; forecast is 56.0

2013-06-28 13:55 GMT | [USD - University of Michigan Consumer Confidence Index] ; previous data 84.5; forecast is 82.8

[Sergey Golubev]

New daily bar for USDJPY was opened inside Ichimoku cloud crossing Sinkou Span B line (one of the border of the coud). Basicly - everything above Sinkou Span B line is primary bullish, below for primary bearish. But the price came to inside the cloud which is indicating ranging market condition. Besides, Chinkou Span line is coming closer to to historical price and that is why this USDJPY will be very interesting to trade for the next week too.

Anyway - we will see/analyse it during the weekend when market will be close.

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USDJPY, D1, 2013.06.28

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usdjpy d1

[Sergey Golubev]

well ... I am talking about KIjun, Sinkou Span B, Sinkou Span A and so on. How can we know the name of the lines on the chart? Just attach ichimoku indicator to the chart and move mouse to every line of this indicator - and you will see/read the name of this line.

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USDJPY Technical Analysis 23.06 - 30.06 : Rally Finishing to Ranging

newdigital, 2013.06.27 12:07

Well ... what I am explaining here by text and charts - it is understandable for traders. But there are traders and coders on the forum. And I think we all know that they are using different "forex english" in some cases. So, I am just translating some terms/words I am using for technical Ichimoku analysis onto "coding english" language :) :

1. Tenkan Sen - moving average of the highest high and lowest low over the last 9 trading days. (Highest high + Lowest low) / 2 over the last 9 trading days
2. Kijun Sen - moving average of the highest high and lowest low over the last 26 trading days. (Highest high + Lowest low) / 2 over the last 26 trading days.
3. Senkou Span A - the average of the Tenkan Sen and Kijun Sen, plotted 26 days ahead. (Tenkan Sen + Kijun Sen) / 2 plotted 26 days ahead
4. Senkou Span B - the average of the highest high and lowest low over the last 52 days, plotted 26 days ahead. (Highest high + Lowest low) / 2 over the last 52 trading days plotted 26 days ahead.
   
5. Chikou Span - the closing price plotted 26 days behind.