Day by Day, hourly analysis of EUR/JPY currency cross on the foreign currency market (FOREX). Sell and Buy signals on a technical basis Use signals at your own discretion.

Wednesday, September 29, 2010

09/29/2010 EURJPY 5m Update

PA opened 10 pips under 09/28 high, and immediately tested and broke @ 8:15PM (PA had been above 100 & 300 EMAs since earlier in morning from 9AM). Tested MR2 pivot and retreated quickly down to 100 EMA; flirted till 12:35AM and broke below 100 EMA and past MR1. Broke 300 EMA and tested FPV; moved down for 30 pips. Rebounded off FPV to break up through 100 & 300 EMAs, past open to test yesterday's high of "114.003". Rebounded again past 100 & 300 EMAs to test FPV once again. Past 100 EMA move for 20 pips. Rebounded off FPV to break 100 & 300 EMAs to test Open, flirted with 100 & 300 EMAS (no significant breaks). PA guided by 300 EMA currently, ranging between yesterday's high "114.003" and 300 EMA value. So far, 4 tests of yesterday's high have rebounded downwards. Expecting significant break of 300 EMA before Close. Watch for break of FPV "113.525" to confirm downtrend.

11 comments:

  1. This is like what I study!
    I would like to see your information everyday!
    Mesty =)

    ReplyDelete
  2. Man, get some paragraph breaks so I'm not staring at walls of text.

    ReplyDelete
  3. Have you done a blog explaining what this means exactly? Would be appreciated...

    ReplyDelete
  4. Damn good info dude! ill keep on this blog

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  5. I am surprised at how much of this I understood.

    ReplyDelete
  6. I learn about this in my physics class, interesting stuff .

    ReplyDelete