Daily EUR/JPY analysis | Page 11 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/JPY

Similar Threads

Fundamental Analysis, Technical Analysis Or Graph Analysis? 28 replies

Daily GBP/JPY analysis 16,618 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

eur/usd, eur/jpy, usd/jpy average 0 replies

Adwa Daily GBP/JPY analysis 23 replies

Attachments: Daily EUR/JPY analysis
Exit Attachments

Daily EUR/JPY analysis

  • #201
  • Mar 5, 2007 6:17pm Mar 5, 2007 6:17pm
Long @ 150.76 hopefully the uptrend can hang out for a few days until the Mr. Trichet raises the rates and then we can collect 200-400 pips.
  • #202
  • Mar 5, 2007 7:37pm Mar 5, 2007 7:37pm
Needs to go 152.85 and break above and beyond for a good LONG breakout!Good chance to bounce at 152.80.
Show me the PIPS!
  • #203
  • Mar 5, 2007 8:57pm Mar 5, 2007 8:57pm
@ 152.55 right before lunch Asian Lunch time. I am not sure if it will break tonight, but I am betting London and New York drag it into 153+ area.

Up +175 pips in less than 4 hours
  • #204
  • Mar 5, 2007 9:09pm Mar 5, 2007 9:09pm
Also out at 152.70 with +190 pips. Enough for the moment. You should keep in mind that the third touch of the support in the rising channnel is a "kiss of death". The retracement is temporary and the line will be broken eventually. Look to sell it on the rally.
  • #205
  • Mar 5, 2007 9:52pm Mar 5, 2007 9:52pm
Quote
Also out at 152.70 with +190 pips. Enough for the moment. You should keep in mind that the third touch of the support in the rising channnel is a "kiss of death". The retracement is temporary and the line will be broken eventually. Look to sell it on the rally

Thank you I did not know that, I just liquidated.

So do you think, the downtrend will continue or maybe a bounce of 152.25 and then back up?
  • #206
  • Mar 5, 2007 10:10pm Mar 5, 2007 10:10pm
Quoting Rosco_P
Thank you I did not know that, I just liquidated.
So do you think, the downtrend will continue or maybe a bounce of 152.25 and then back up?
I'm not in fortunetelling business and cannot see the future. I just rely on probabilities and trading signals and therefore just told you how it usually works in this market. I'm pretty much sure we haven't seen the low of the year on this pair yet.
  • #207
  • Mar 5, 2007 11:09pm Mar 5, 2007 11:09pm
Quoting Igrok
I'm not in fortunetelling business and cannot see the future. I just rely on probabilities and trading signals and therefore just told you how it usually works in this market. I'm pretty much sure we haven't seen the low of the year on this pair yet.
I agree that we haven't seen the low this year. Short term, it looks like our "bounce" may just happen. 152.10 is my target if it breaks below the 152.50 mark. Good trades!
Show me the PIPS!
  • #208
  • Mar 6, 2007 8:09am Mar 6, 2007 8:09am
Nobody on earth can truly forecast the future.

But one thing is for sure.

Fundamentals over the Yen and the whole carry trade dumping story are truely moving the yen presently.

Big Boys cannot dump the currency too fast nor fast enough...
Harmonics and Pitchfork using korHarmonics from TradingArsenal
  • #209
  • Mar 6, 2007 12:37pm Mar 6, 2007 12:37pm
Sorry I missed this thread- apologies for starting mine titled EUR>JPY
  • #210
  • Mar 18, 2007 4:23pm Mar 18, 2007 4:23pm
Big drop (54 pips) in the eurjpy at the opening bell. Anyone know why that one moved so much
  • #211
  • Apr 11, 2007 10:42pm Apr 11, 2007 10:42pm
Hit resistance. Comments anyone?
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy11apr07.gif Size: 20 KB
  • #212
  • Apr 11, 2007 11:13pm Apr 11, 2007 11:13pm
Quoting ch33z3
Hit resistance. Comments anyone?
I've seen some really violent moves short after EJ has crept up on highs so many times over the years. It could bounce for days...look at what happened 7 weeks ago. I like hoping on that falling rock when I can. Hehehehhee
  • #213
  • Apr 11, 2007 11:37pm Apr 11, 2007 11:37pm
It does seem to be a little over extended, the Daily and 4 hour stochastics have been running pretty high for while and the Daily RSI(8) is almost at 80 and perhaps even completing a Wave 5.

Looking for a minor correction at worst and hopefully larger one down to 158.00's

Short right now, but who knows it could run up another 100 before ya know it.
  • #214
  • Apr 12, 2007 12:18am Apr 12, 2007 12:18am
Yep, stand bye for a short and wait till carries start to unwind. Looks like an easy one but you never know i suppose.
"Only when the tide goes out will we know who is swimming naked."
  • #215
  • Apr 12, 2007 12:47am Apr 12, 2007 12:47am
I guess most r in agreement that this pair is rediculously overbought. Best course of action, take partial profit and move up stop loss. If it tanks, it'll tank hard, at least 300 pips.
  • #216
  • Apr 12, 2007 6:34am Apr 12, 2007 6:34am
Guess we'll just agree to disagree on this one. I've been long for over 2 weeks and think it's headed higher yet. 162.00 is well within reach and then who knows?

The trend is definately my friend, and my trendline looks to be going up.

Just an opion................
LETS PLAY HOCKEY!
  • #217
  • Apr 12, 2007 8:52pm Apr 12, 2007 8:52pm
I think we are about to complete a double top on the hourly @ 160.85.

If it breaks short term trendline and support in the 160.50/55 area we may see a siginificant correction.
  • #218
  • Apr 13, 2007 11:07am Apr 13, 2007 11:07am
Quoting Rosco_P
I think we are about to complete a double top on the hourly @ 160.85.

If it breaks short term trendline and support in the 160.50/55 area we may see a siginificant correction.
Well it looks like it has broken the 160.85 resistance.. there is no stopping this trade. I really do hope that the weekend corrects this cross

As it is currently at 161.32 and i am -94 pips.. I have set my stop loss if the daily close is above 162

My target is in the 158 area.. I was 30 pips up last night..
_______________ Say Good-bye to Buy-and-Hold
  • #219
  • Apr 13, 2007 11:55am Apr 13, 2007 11:55am
I'm locked in for a ~30pip profit overnight as well. The trend is your friend
{Link Removed}
  • #220
  • Apr 13, 2007 12:09pm Apr 13, 2007 12:09pm
The market speaks forex, doesn't mean you need an English indicator.
Attached Image
凹凸 only
2 traders viewing now