Forex Analysis - page 41

willyw
160
willyw  

US Dollar / Japanese Yen-USDJPY As of 14/12/16

*** Intra-Daily Trading Strategy: BUY US Dollar / Japanese Yen

Buy Target: 118.1083

Enter New BUY on OPEN and exit BUY positions at Target price or at Stop price.

(NOTE: Adjust Stop Loss Price according to your trading risk.)

Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!!!

 

A big bullish white candle has formed. Prices closed considerably higher than open. If the candle appears when prices are "low," it may be the first sign of a bottom. If it occurs when prices are rebounding off a support area, a moving average, trend line, or retracement level, the long white candle adds credibility to the support. Likewise, if the candle appears during a breakout above a resistance area, the long white candle adds credibility to the breakout.

The previous 10 candlestick bars, there are 6 white candles versus 4 black candles with a net of 2 white candles.

The previous 50 candlestick bars, there are 30 white candles versus 20 black candles with a net of 10 white candles.

MACD is BULLISH as the MACD is above the signal line.

 The MACD crossed above the signal line 0 day(s) ago.  Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has been unchanged, and has been fluctuating from a high of 117.381 to a low of 114.771.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

The Stochastic Oscillator is currently above 80. This is an indication of the security being in an "overbought" condition. No Stochastic Buy or Sell signals generated today. The last signal was a Sell 31 Day(s) Ago.

The RSI is above 70. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 12 day(s) ago.

 

Currently the RSI does not show any Failure Swings. The price of US Dollar / Japanese Yen has set a new 14-period high while the RSI has not. This is a BEARISH DIVERGENCE.

Currently, the Momentum Oscillator does not show an overbought or oversold condition.

 

 The last Directional Movement Indicators (DMI) signal was a SELL 24 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Buy 3 day(s) Ago.

The close is currently

ABOVE its 200 daily moving average

ABOVE its 50 daily moving average

ABOVE its 20 daily moving average

With strong confirmation from the short term-trend and a current Buy signal.  The current market condition for US Dollar / Japanese Yen is Very Bullish

US Dollar / Japanese Yen closed above the upper Bollinger Band by 0.9%.  This combined with the steep uptrend suggests that the upward trend in prices has a good chance of continuing.  However, a short-term pull-back inside the Bollinger Bands is likely.  Bollinger Bands are 31.07% wider than normal.  The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

 


Afro-head
134
Afro-head  
To have a good Forex Analytical skill is one of the quality of a good trader. But if you cannot do that, you could just rely on the other traders Market Analysis.
AzaForex
158
AzaForex  

 

If the resistance level is broken you can use the following recommendation:
•    Chart timeframe: H4
•    The trade recommendation: Buy
•    The level of entry into long position: 3.5400
•    The level of profit and close the position: 3.5950 (550 pips)

More on web site AzaForex


whiteking
467
whiteking  
So far I am never trade on usdtry I don't know currency try from where country, but usually trade on major pair like as usdjpy which on weekly timeframe still having tendencies to bullish trend and I hope this trend still continue for this last week
AzaForex
158
AzaForex  

 

If you have used every AzaForex trading recommendation you received  profit of + 4310 points. 
Depending on the size of your position, your profit would be different, for example, when trading 1 lot = $ 43,100 per month
If we consider the total price movement after the profit, it was possible to earn more 6270 points if the trade volume of 1 lot, this is additional $ 62.700 into your account!

 

More on web site AzaForex

Regina Eric
5
Regina Eric  

USDCAD UP TREND SUPPORT 1.3300

 time to Earn More  . . .

 Get  forex Signals By forex tips providers With us   - http://www.mmfsolutions.sg/

 

 

AzaForex
158
AzaForex  

 

If the resistance level is broken you can use the following recommendation:
•    Chart timeframe: Weekly
•    The trade recommendation: Buy
•    The level of entry into long position: 75.80
•    The level of profit and close the position: 79.00 (320 pips)

More on web site AzaForex


deresel
672
deresel  
The dollar recordеd a successful session against the yen at the end of the week. The pair broke the first resistance at 117.48, while short-term expectations remain in favor of the US currency. In this case, the pair may test the key level at 118.84 soon. Trading was closed at a rate of 117.91.
deresel
672
deresel  
Key levels to watch for:
Support: 115.28; 113.08; 112.52;
Resistance: 118.84; 121.45.
whiteking
467
whiteking  
What the market today, look again on usdjpy which not occur gap on this morning

trend market slowly movement and not yet know will correction and continue bullish or then move vice versa