Кино oнлайн Голосов: 1 Адрес блога: http://protelemag.ru/load/ Добавлен: 2011-09-28 02:02:58 блограйдером petol

EUR/JPY Intraday Technical Analysis

2012-09-27 13:07:48 (читать в оригинале)

 

The spot rate approaches the upper limit of its medium-term bearish channel at 100.40 suggesting a decline. However, a break of these levels will free a large potential and initiate a violent bullish channel.

Technical indicators do not provide clear signals but until the resistance is not broken, the assumption of a decline is most likely. Bollinger bands have greatly tightened in recent days showing a decline in volatility and the imminence of a violent movement. Furthermore, the superior band strengthens the intermediate resistance of the channel supporting the hypothesis of a decline.

The spot rate is currently testing the upper limit of its channel, we suggest 2 scenarios: the first one is the hypothesis of a decline where we recommend a sell at the level of 100.40 with the 1st objective at 99.80 and then at 99.60. A breakthrough of 100.60 will invalidate this scenario. The second scenario is a break of its resistance then we advise a “buy stop” which means to buy the spot rate as soon as it is broken through its resistance of 100.40 with the 1st objective at 101.00 and then at 101.20. A breakthrough of 100.20 will invalidate this scenario.

The material has been provided by Instaforex Company - instaforex.com