EUR/JPY Candlestick Analysis for September 27, 2012
Daily
The EUR/JPY rate continues descending move and does not build any candlestick formations. The quotes fixed under the correctional level of 38.2% - 100.73 Fibonacci. Thus, we can assume the quotes will drop towards the next correctional level of 23.6% - 98.18. Building of bullish candlestick formation may enable the pair swing towards the euro. In this case the quotes may retrace the correctional level of 38.2%. The rebound from the correctional level of 23.6% may enable the pair rise. Fixation under this level will enhance the quotes fall.
4h
On 4H time frame the quotes fell to the correctional level of 76.4% - 99.84 Fibonacci after the bearish Piercing Line candlestick formation was built. Afterwards, following 4 candlesticks were opened and closed at the same level, which means the transition to the flat phase. Thus, next formations built during this stage do not influence the market. If there is a rebound from the correctional level of 76.4% the rate may begin a move towards the correctional level of 100.0% - 101.61. Fixation under 76.4% level will intensify the anticipation of the quotes fall to the next correctional level of 61.8% - 98.74.
EUR/JPY Candlestick Analysis for September 28, 2012
Daily
EUR/JPY is still falling on daily chart. The rate has fixed below the correctional level of 38.2% - 100.73 Fibonacci. Thus, the descending movement may extend to correctional level of 23.6% - 98.18. We have also witnessed bullish candlestick formation Harami which may help the pair to make a swing to the good of the euro. In this case the quotes will be able to return to the level of 38.2% Fibonacci and fix above it which will contribute to a stronger growth. Rebound from correctional level of 23.6% will also help the pair to go up. The quotes may drop if rebound from Fibonacci 38.2% or fix below Fibonacci 23.6%.
4h
On 4H time frame the quotes reached Fibonacci 76.4% - 99.84, after that bullish candlestick formation Piercing Line. After that the pair was trading with a minimum upwards movement and most of the candlesticks had long shadows which indicate flat position. For this reason all formation built yesterday did not affect the market much. If we see a rebound from correctional level of 76.4%, the rate may go towards 100.0% - 101.61. Fixation below Fibonacci 76.4% will make the pair to fall down to correctional level of 61.8% - 98.74.
EUR/JPY pair fixed above the correctional level of 38.2% - 100.72 Fibonacci on the daily chart. Bullish candlestick formation Harami was built which demonstrated a quotes’ swing to the euro. If the quotes fix above 38.2% Fibonacci, it will be possible to think of their growth towards 50.0% - 102.76 Fibonacci. In case bearish candlestick formation is built, the rate may fall back below correctional level of 38.2%. In this case the quotes can edge down to correctional level of 23.6% - 98.16 Fibonacci.
4h
After the bearish candlestick formation Absorption was performed, the pair tried to go lower on 4H time frame. But on the third candlestick the quotes reversed towards the euro. Thus, the growth may accelerate to correctional level of 100.0% - 101.62 Fibonacci. Bearish candlestick formation will contribute to quotes fall towards 76.4% - 99.83 Fibonacci. Fixation below this level will enable the decrease towards 61.8% - 98.75. We can also see the rebound from correctional level 100.0%, but in case the pair fixes above it, the quotes may grow further.
The NZD/USD rate closed with bullish candlestick pattern on Wednesday. At the same time the quotes consolidation under the correctional level of Fibonacci 76.4% - 0.8230 gives us the reason to consider the rate continues its descending movement towards the correctional level of 61.8% - 0.5081. The candlestick formations Counterattack lines and Engulfing Pattern on these sections, while many candlesticks open and close approximately at the same levels, do not influence the market. Giving the consolidation of quotes under the level of correction 61.8% we may expect the rate continues its down move towards the level of correction 50.0% - 0.7963. Consolidation of the quotes above the Fibonacci level 74.6% of Fibonacci gives the pair possibility to resume ascending move towards the correctional level of 100.0% 0 0.8471.
4h
On the 4H Chart the NZD/USD rate has fixed above the correctional level of Fibonacci 38.2% - 0.8187 after the bullish engulfing pattern was built. However, the pair paused and the next 4 candlesticks opened and closed at the same level. The consolidation above the level 38.2% Fibonacci makes a rate growth towards the correctional level 23.6% - 0.8251 of Fibonacci possible. The building of bearish candlestick formation may enable the pair to make a swing in favour of USD and fall towards the correctional level of 38.2%. We may observe the rebound from the correctional level 23.6% of Fibonacci and a swing in favour of USD could be seen.
The rate has consolidated above the correctional level 76.4% - 0.8229 of Fibonacci after a long-term flat; it enables the rate to grow towards the next level of correction 100.0% - 0.8469 of Fibonacci. The formation of bearish candlestick pattern allows the pair to swing to the US dollar and consolidate under the level of correction 76.4% or to reverse to that level. If the first opportunity is seen the pair may resume flat or try to drop towards the level of correction 61.8% - 0.8083. A bullish harami pattern continues to influence the market; it weighted against the NZD/USD pair. As a result, the rate has consolidated above the correctional level 76.4% of Fibonacci.
4h
On the 4H chart the New Zealand dollar consolidated against the US dollar above the level 23.6% - 0.8251 of Fibonacci on Tuesday. After it the rate consolidated under the level of 23.6% and the next bullish candlestick may close above that level. The candlestick patterns were not formed yesterday. Thus, the rate’s growth towards the New Zealand currency may continue to the level of correction 0.0% - 0.8355. A one more consolidation of the New Zealand dollar under the level 23.6% of Fibonacci enables the pair to resume the fall to 38.2% - 0.8187 of Fibonacci. It is probable that the quotes growth will be observed on the both charts.
EUR/JPY Candlestick Analysis for November 22, 2012
Daily
The rate has consolidated above the level of correction 61.8% of Fibonacci – 104.81 after of the EUR/JPY pair has rebounded from the level of correction 38.2% - 100.73 of Fibonacci and bullish engulfing pattern was built. As a result the growth of the rate may continue towards the next level of correction 76.4% - 107.31. If a bearish candlestick pattern is built, it will increase the probability that the rate will rebound from the level of correction 76.4% of Fibonacci, and the quotes will swing towards the yen and the rate will start descending move to the level of correction 61.8%. The bearish harami pattern does not influence the market any more as the price did not mark its high.
4h
On the 4H the EUR/JPY pair has consolidated above the level of correction 100.0% - 104.57 of Fibonacci. A bearish shooting star pattern was formed; it enables the pair to swing towards the yen and start dropping towards the level of correction 100.0%. If the price does not notice the high of the pattern or a bullish candlestick pattern is built, then the growth may continue towards the level of correction 161.8% - 107.20. It should be mentioned that the growth of the rate is not weak. Thus, there are candlestick patterns, especially bearish ones, among small candlesticks; the price passes through their highs but the patterns itself are weak.
EUR/JPY Candlestick Analysis for December 04, 2012
Daily
After the bullish engulfing pattern was formed the EUR/JPY rose to the level of correction 76.4% - 107.32 of Fibonacci. The rebound from this correctional level enables the pair to swing towards the yen and start dropping in the direction of the level of correction 61.8% - 104.79. Consolidation of the quotes above the level of Fibonacci 76.4% allows the pair to continue growing to the level of correction 100.0% - 111.40. If a bearish candlestick pattern is formed then it will increase the possibility that the rebound from the level of correction 76.4% of Fibonacci and drop of the EUR/JPY rate on the daily chart will be observed.
4h
After the bullish engulfing pattern was formed the quotes rose to the level of correction 161.8% - 107.20 and it has been still for the second day. As a result it is not clear whether the quotes are above or under the level of 161.8%. Consolidation of the quotes under this level facilitates a swing towards the yen and the rate starts falling towards the level of correction 100.0% - 104.59. Building of a bearish candlestick pattern increases the probability of the rate to turn in favour of the yen. Consolidation of the rate above the level of correction 161.8% permits the pair to continue growing in the direction of the next level of correction 200.0% - 108.85. Correctional levels of 76.4% on the daily chart and 161.8% on the 4H chart are virtually similar.
EUR/JPY Candlestick Analysis for December 06, 2012
Daily
After a bullish engulfing pattern was formed and the pair has consolidated above the level of correction 76.4% - 107.32 of Fibonacci the pair continues to grow. If the EUR/JPY consolidates under this level of correction it enables the pair to swing towards the yen and start falling in the direction of the level of correction 61.8% - 104.79. At the moment the quotes allow the rate to continue rising to the level of correction 100.0% - 111.40. A bearish harami pattern was built but the price did not note its high. Thus, the candlestick pattern does not influence the market anymore. So the quotes may rise. If a one more bearish candlestick pattern is formed it increases the possibility of the pair to turn in favour of the yen.
4h
If the pair consolidates above the level of correction 161.8% - 107.20 of Fibonacci, then it enables the pair to continue its growth to the next level of correction 200.05 – 108.85. If the pair consolidates under this level of correction it enables the pair to swing towards the yen and drop of the rate to the level of correction 100.0% - 104.59 can be observed. Formation of bearish harami pattern increases the possibility of the pair to swing towards the yen and the pair reverses to the level of correction 161.8%. The growth of the rate may start at any moment. The correctional levels 76.4% on the daily chart and 161.8% on the 4H chart are virtually similar and may express a considerable support.
EUR/JPY Candlestick Analysis for December 19, 2012
Daily
The EUR/JPY reached the level of correction 100.0% - 111.43. Today it will either rebound from it or consolidate above it. The rebound of the quotes from the level of Fibonacci 100.0% allows us to assume the rate swings towards the yen and starts falling towards the level of correction 76.4% - 107.32. Formation of a bearish candlestick pattern increases the possibility of the rebound of the rate and pullback to the level of correction 76.4% of Fibonacci. However, building of bullish engulfing pattern gives a chance the quotes to consolidate above the level of Fibonacci 100.0%. It will enable the pair to continue growing to the next level of correction 161.8% - 122.11..
4h
On 4H after the bullish engulfing pattern was built the pair turned in favour of the euro and consolidated above the level of correction 261.8% - 111.45 of Fibonacci. Thus, the rise of the rate may extend to the next level of correction 323.6% - 114.03 of Fibonacci. Building of a bearish candlestick formation may allow the pair to reverse to the level of correction 261.8% of Fibonacci and consolidate under it. Consolidation of the quotes under the level of Fibonacci 261.8% makes a drop of the pair to the level of correction 200.0% - 108.82 possible.
Salam tuan, e/usd nye latest analisis tkde ke ? Tq
