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

EUR/JPY Intraday Technical Analysis

2012-10-17 14:50:14 (читать в оригинале)

 

 

The spot rate is currently testing the upper limit of its medium-term trading range at 103.60 suggesting a decline. However, a break of these levels will initiate a bullish channel.
Technical indicators provide sell signals and until the resistance is not broken the assumption of a decline is most likely. Bollinger bands are much discarded as a result of a strong decline these days. Stabilization is expected in the short term.
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 on the level of 103.60 with the 1st objective at 103.00 and then at 102.80. A breakthrough of 103.80 will invalidate this scenario. The second scenario is a break of its resistance where we recommend a “buy stop” which means to buy the spot rate as soon as it is broken through its resistance of 103.60 with the 1st objective at 104.20 and then at 104.40. A breakthrough of 103.40 will invalidate this scenario.

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