EURJPY Technical Analysis Fri, 24 May 2013

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May 242013
 
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4XEagleEye Chart

2013.05.24 [Forex | Euro vs Japanese Yen] We hold a view of the instrument moving in the range of (132.96 – 129.85). We have to wait and watch the movement of the instrument from current levels.We should wait for the victory of either team players (Bulls or Bears).

Market Snaphoot 1 Market Snapshots


Summary 		Direction
Moving Avg.
Indicators. 		87%
Reversal Prob. 		Oscillator Candle Harmonic
132.27 132.76 133.19 133.79 134.48
131.57 131.17 130.28 129.95 128.66
Hourly Alerts
MACD Bullish Turning Point 2 hours ago EURJPY MACD signal line has crossed above the indicator`s histogram while both of them, MACD and histogram, been less than Zero. This is a probable bullish short term turning point.
MA Penetrated 4 hours ago EURJPY has closed above 30 SMA. This should empower bullish short term technical outlook.
Stochastic Oversold 6 hours ago EURJPY Stochastic (14) main line entered hourly oversold zone. Traders should NOT consider any short term short trades.
Copyrights: FX Eagle Eye is a combined efforts for the JV between letsfx.com and 4XEagleEye.com

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