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Technical analysis of EUR/JPY for March 7, 2014General overview for 07/03/2014 09:00 CET
The NFP data is on tap today and currently price is at the key level. As I had mentioned yesterday any breakout to the upside above the grey rectangle area is bullish. Moreover, test of the last swing high at the level of 145.68 will be in view, […]
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Technical analysis of USD/CAD for Febuary 20, 2014General overview for 20/02/2014 11:10 CET
Five impulsive waves to the downside has been finished and now the first leg of the corrective cycle is in progress. Judging by the shape of the correction, it looks like a ZigZag pattern and the key level to the upside here is at the level of 1.1024. […]
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Technical analysis of EUR/JPY for January 14, 2014General overview for 14/01/2014 07:40 CETThe range indicated yesterday has been broken to the downside as anticipated.Currently, the main count indicates one more low possibe as long as the level of 142.16 is not violated. If it is, then the level of 140.48 is the low for wave C green.Please notice that to […]
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Technical analysis of EUR/JPY for January 8, 2014General overview for 08/01/2014 08:50 CETPrice went up in corrective cycle as anticipated
yesterday and has hit the 38% Fibo level at 143.09 making this level the top
for a possible abc green correction in wave (ii). If this is really the
completed simple correction cycle top, then the level of 142.84 should be
broken first and […]
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Technical analysis of EUR/JPY for December 27, 2013General overview for 27/12/2013 16:00 CETThe anticipated last impulsive wave to the upside has been almost done now and when the corrective cycle in wave (iv) is finished, then another high will be made in impulisve fashion. The target currently fot the wave (v) is the level of 145.77. This count is valid […]
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Technical analysis of USD/JPY for December 27, 2013Overview:
USD/JPY is trading with bullish bias. The break above 104.45 is a positive signal that has opened a path to 105.15. Daily chart is positive-biased as MACD and stochastics are turned bullish; five- and 15-day moving averages are advancing. Trading recommendations: The pair is trading above its pivot point. It is likely to trade in […]
