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Daily EUR/JPY analysis

  • #1,321
  • Aug 7, 2008 3:55pm Aug 7, 2008 3:55pm
4 hr chart
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FF journal: Peaks and Troffs
  • #1,322
  • Aug 7, 2008 4:44pm Aug 7, 2008 4:44pm
Again I can not see a clear candlstick pattern.

Price is entering the ichimoku cloud. If it is not rejected,
this is a clear bear sign, because cloud is a support.

But i see more clear patterns on other currencys.

Again, I donīt trade e/j, and "keep my powder dry" on this one.
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  • #1,323
  • Aug 8, 2008 12:27am Aug 8, 2008 12:27am
The first area triggered nicely yesterday. Time to long again?

R

Quoting Rocroy
two potential areas to go short?

R

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  • #1,324
  • Aug 8, 2008 12:38am Aug 8, 2008 12:38am
That's a nice chart. Adding a channel might be useful?

R

Quoting bogus
Bounced off the weekly open line and at strong support. To go short I'd want to see a strong move down then a retest of this area before continuing on its merry way down, if thats where its headed.
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  • #1,325
  • Aug 8, 2008 2:56am Aug 8, 2008 2:56am
The channel looks good. Seems we are at an important junction. This is another chart Ive got of E/J.
Quoting Rocroy
That's a nice chart. Adding a channel might be useful?

R



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FF journal: Peaks and Troffs
  • #1,326
  • Aug 8, 2008 3:00am Aug 8, 2008 3:00am
the next tl held and price made a new LL which would suggest an other down day. Let's see what happens...

the daily chart also shows that there is some pressure to move down

R

Quoting Rocroy
The first area triggered nicely yesterday. Time to long again?

R
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  • #1,327
  • Aug 8, 2008 3:17am Aug 8, 2008 3:17am
Some say LONG and Some say SHORT....

Reading this thread sometime cloud my mind!!


sonic
  • #1,328
  • Aug 8, 2008 3:58am Aug 8, 2008 3:58am
the monthly chart is interesting...

long term short, target at 50 fib retracement, 129.00???

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  • #1,329
  • Aug 8, 2008 4:57am Aug 8, 2008 4:57am
my forecast market reach has won whis week....all of you can see on my blog....forex-discussion....click on my siggy...
  • #1,330
  • Aug 8, 2008 7:58am Aug 8, 2008 7:58am
wait for close weekly
  • #1,331
  • Aug 8, 2008 8:12am Aug 8, 2008 8:12am
Quoting sonicdeejay
Some say LONG and Some say SHORT....

Reading this thread sometime cloud my mind!!


sonic
Heh, at least people are being honest in what they think
  • #1,332
  • Aug 8, 2008 9:09am Aug 8, 2008 9:09am
Quoting sonicdeejay
Some say LONG and Some say SHORT....

Reading this thread sometime cloud my mind!!


sonic
There wouldn't be any market at all if all are buying or selling at the same time
Enter Signature
  • #1,333
  • Aug 8, 2008 9:46am Aug 8, 2008 9:46am
eur/jpy has found support at 165.31 level which has been support in the past. Already there has been a small bounce. The 165.31 level was last tested on 7/16 which resulted in a move up to new highs. Don't think that will happen this time. I am waiting for another sell signal which may not happen today.A break below support should target 164.50/20
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  • #1,334
  • Aug 9, 2008 5:26am Aug 9, 2008 5:26am
why the jpy is so strong at the last week?....is it oil price also effected the jpy?
  • #1,335
  • Aug 9, 2008 4:01pm Aug 9, 2008 4:01pm
163.46
Don't Blame Yourself This Is Forex...
  • #1,336
  • Aug 10, 2008 6:23am Aug 10, 2008 6:23am
i think it's not something awkward EJ will bearish 163..because it was happen last year..only with some news,the jpy become so strong.
  • #1,337
  • Aug 10, 2008 3:40pm Aug 10, 2008 3:40pm
Is there a retracement guys ?
Don't Blame Yourself This Is Forex...
  • #1,338
  • Aug 10, 2008 3:44pm Aug 10, 2008 3:44pm
not right now, price dropping quick in early trading down to 164.73
  • #1,339
  • Aug 10, 2008 3:55pm Aug 10, 2008 3:55pm
Quoting faizfakhirin
i think it's not something awkward EJ will bearish 163..because it was happen last year..only with some news,the jpy become so strong.
Its not jpy strength. Its USD strength. jpy is only piggybacking some of the ride
  • #1,340
  • Aug 10, 2008 4:50pm Aug 10, 2008 4:50pm
Quoting sonicdeejay
Some say LONG and Some say SHORT....

Reading this thread sometime cloud my mind!!


sonic
Hi sonic,

I think it depends on the timeframe you are trading, and maybe maybe someone is wrong with his analyses (I `am often wrong ). I trade daily.


The ichimoku indicator gives us a clear sell signal. The crossing of the red and blue line is called "dead cross". This signal is very very late, but it is higly reliable. The lower part of the ichimoku cloud often works as
a support, so we might see a retrace (small maybe), before price going through the cloud and entering BEAR LAND. Last time we have seen a dead croos + price going through the cloud was in december 2007 and march 2008. You see how rare this signal is, and where the main direction is.
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