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analysis for today 10 / 28 / 2014
AUD/CHF (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 0.8359
Retracement (50%) 0.8364
retracement (61,8%) 0.8369
Extensions (61.8%) 0.8317
Extensions (100.0%) 0.8301
Extensions (138.2%) 0.8285
Extensions (161.8%) 0.8275
calculation based on a Fibonacci retracement then today I choose sell
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As you can all realize there is a upward trend taking place on the AUDCHF pair indicated by the blue dots appearing on the bars the price may keep going north so long it stays lower than the level 0.8288 which is considered a strong support and also a weekly pivot point that of course until it hits the resistance at level 0.8427 which is also a weekly pivot point.
But there is another possibility that might yet take place and that is if the price broke the support 0.8288 and got itself a bearish signal via the red dots in this case I do think that the price will be heading south till it hits the support 0.8203 which is the pivot level of the current week.
http://bigimage.cz/photos/20010109979080895481843.gif .
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1 Attachment(s)
Daily forecast: AUDCHF 29 Oct. 2014.
Technical analysis for Daily forecast of AUDCHF 29 October, 2014. In Daily chart AUDCHF shows bullish trend. At present AUDCHF above the pivot point and going towards the 1st resistance level. If 1st resistance level breaks then next strong resistance level is 0.84771.
Pivot: 0.83751
Resistance levels
R1 0.84026
R2 0.84220
R3 0.84495
R4 0.84771
Support levels
S1 0.83557
S2 0.83282
S3 0.83088
S4 0.82895
Attachment 12075
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The up trend taking place at the moment on the AUDCHF is taking place according to where the EMAs 5 and 6 which is Above the EMA 35 as a result to that taking buy orders would be the best if a bullish direction confirmation came from the other indicators.
According to the parabolic sar indicator’s dots located below the candles we assume that the price would be taking a upward direction as for the MACD which is currently moving above the 0 level it does give us a buy signal.
Also the CCI line is currently in the Higher level giving us by that a upward signal.
So to sum all that up I do believe that unless any bearish signal do appear buying would be the best option available at the moment.
http://bigimage.cz/photos/20010110979113260391843.gif .
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analysis for today 10 / 29 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle AUDCHF on the date 10 / 28 / 2014
OPEN 0.8356
HIGH 0.8397
LOW 0.8351
CLOSED 0.8386
The third resistance (R3) 0.8397 -( 0.8378 - 0.8351 = 0.0027 x 2 = 0.0054 )= 0.8451
The second Resistance (R2) 0.8378 + 0.8397 - 0.8351 = 0.8424
First resistance (R1) 0.8378 x 2 = 1.6756 - 0.8351 = 0.8405
pivot points 0.8397 + 0.8351 + 0.8386 = 2.5134 / 3 = 0.8378
Support for the first (S1) 0.8378 x 2 = 1.6756 - 0.8397 = 0.8359
Support second (S2) 0.8378 -( 0.8397 - 0.8351 = 0.0046 ) = 0.8332
Third Support (S3) 0.8351 -( 0.8397 - 0.8378 = 0.0019 x 2 = 0.0038 )= 0.8313
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On the AUDCHF chart the momentum indicator shows clearly a cross as the blue line goes above the red line to make a good buy signal for the current time The Oracle Strength indicator shows a blue color and that indicates a upward direction on the AUDCHF chart To be more accurate you can see the blue colored arrows which mean that there is a upward signal for now on the Oracle direction indicator From all the data from the indicators above and as long as the momentum indicator shows a buy cross the upward trend is shown on the chart and my advice is to go for the buy trades as long as the ATR indicator shows a buy signals.
http://bigimage.cz/photos/20010110979115060574947.gif .
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There is a great chance for a bearish trend to be taking place today on the AUDCHF chart and that is according to the price which is currently located on a lower level than the EMA 15 line.
According to the power momentum indicator a high power of the bearish trend is shown and also it can be used as a filter for the entering the sell positions.
For more confirmation we can use the power line indicator which is currently above the 50 level giving us a good upward direction signal as a result.
http://bigimage.cz/photos/20010110979115925164513.gif .
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Based on the hourly chart of the blade oscillator the AUDCHF is having a week bullish trend by locating at 0.0004 above the level of balance and the indicator is blue colored that means there is a week bullish move will happen in a short time . By using moving average 5 we will notice a down slope so 0.8388 could be considered a good stop loss for if there were buy positions as it is considered the last bottom by using the indicators signals. http://bigimage.cz/photos/20010110979116660146053.gif
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On the stostatic there is a AUDCHF Chart there is a up channel so it is expected from the price to keep moving up When the price touchs the upper edge of donchain channel it is considered as a signal of going down By checking the awesome oscillator there is a red bar above the level of 0 which indicates a sell signal for the current time On the stostatic there is a bullish signal by having a buy cross and the lines approachs the 80 th level From prvious data bearish is most likely to happen then you can target low level of the donchain channel and if you wait to get a confirmation from the awesome oscillator that can raise the chance for good sell trades http://bigimage.cz/photos/20010110979114955136668.gif
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As we can see a green arrow is taking place on the AUDCHF chart which indicates that a bullish trend is taking place at the moment.
A bottom located at 0.8345 is supporting the trend for it is a very strong support and if the bullish trend is still strong then the price shouldn't be able to go below it.
The dots from the parabolic sar indicators are shown below the candles which gives a sign of where the price will be heading which is up in this case.
The resistance 0.84 would be a great place to act as closing positions if we are to be making buying trades since the price might be heading south after hitting it http://bigimage.cz/photos/20010101978308808203136.gif .