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Instaforex Analysis

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Re: Instaforex Analysis

Post by IFX Yvonne on Thu Jul 04, 2013 9:33 am

EUR/JPY technical analysis for July 4, 2013

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Yesterday, EUR/JPY already breached bellow the EMA 100 (green) and went back above the EMA 100 (green) again. The bullish situation has already slowed down and the EMA 14 (red) is now between the EMA 34 (blue) and the EMA 100 (green). It indicates that EUR/JPY is now in the ranging situation.

RECOMMENDATION:
Buy Stop (Pending Order) @ 130.01.
Take Profit @ 130.15.
Stop Loss @ 129.91
Alternative:
Sell stop (pending order) at 129.46.
Take profit at 129.35.
Stop loss at 129.56.

More analysis - at instaforex.com
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IFX Yvonne

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Re: Instaforex Analysis

Post by IFX Yvonne on Fri Jul 05, 2013 9:33 am

EUR/JPY technical analysis for July 5, 2013

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Yesterday the EUR/JPY confirm change the course to the downside, this indicated by the candlestick already breach bellow the EMA 100(green); however on 30 minute charts they form the triangle pattern that indicates that there is decreased volatility and the market turns to be "choppy". This kind of market situation usually happens amid such important news as the US Non Farm Payrolls and the US Unemployment Rate, released every first Friday. So be cautious with this news release tonight. It is better to close all the positions one hour before the news release.

RECOMMENDATION :
No trades for today.

More analysis - at instaforex.com
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