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analysis for today 10 / 30 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle AUDCHF on the date 10 / 29 / 2014
OPEN 0.8385
HIGH 0.8420
LOW 0.8376
CLOSED 0.8399
The third resistance (R3) 0.8420 -( 0.8398 - 0.8376 = 0.0022 x 2 = 0.0045 )= 0.8465
The second Resistance (R2) 0.8398 + 0.8420 - 0.8376 = 0.8442
First resistance (R1) 0.8398 x 2 = 1.6797 - 0.8376 = 0.8421
pivot points 0.8420 + 0.8376 + 0.8399 = 2.5195 / 3 = 0.8398
Support for the first (S1) 0.8398 x 2 = 1.6797 - 0.8420 = 0.8377
Support second (S2) 0.8398 -( 0.8420 - 0.8376 = 0.0044 ) = 0.8354
Third Support (S3) 0.8376 -( 0.8420 - 0.8398 = 0.0022 x 2 = 0.0043 )= 0.8333
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In H4 period of time, we can make sure AUDCHF had busted the particular tendency range as well as had furthermore busted the particular assistance stage in 0. 8195 last night. Next, using those bursting, I'm sure AUDCHF is going to be doable to be able to drop as well as attain another assistance stage in around 0. 8123 or even reduce to be able to 0. 8052.
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A bullish trend seems to be taking place today on the AUDCHF pair and that’s according to the green color shown by the Super trend indicator determining by that the main market direction.
A buy signal is indicated from the Nonlog dot indicator and that is by giving us a blue colored dot.
I prefer to wait for the Nonlog indicator till it shows a confirmation then i do think that the buy trades would be taking place more frequently since the signals are currently showing us a strong bullish trend.
For the exit plan I think waiting for the price to hit the support 0.8395 would be the best choice or we can always wait for the super trend to change its color to red either way that can only mean that the bullish trend is over and we should be ready for the price to be heading for the opposite direction .
http://bigimage.cz/photos/20010111979199890263283.gif .
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The down trend taking place at the moment on the AUDCHF is taking place according to where the EMAs 5 and 6 which is below the EMA 35 as a result to that taking sell orders would be the best if a bearish direction confirmation came from the other indicators.
According to the parabolic sar indicator’s dots located above the candles we assume that the price would be taking a downward direction as for the MACD which is currently moving below the 0 level it does give us a sell signal.
Also the CCI line is currently in the lower level giving us by that a downward signal.
So to sum all that up I do believe that unless any bullish signal do appear selling would be the best option available at the moment.
http://bigimage.cz/photos/20010111979200321177465.gif .
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On the AUDCHF chart the momentum indicator shows clearly a cross as the blue line goes below the red line to make a good sell 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 red colored arrows which mean that there is a downward 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 sell cross the downward trend is shown on the chart and my advice is to go for the sell trades as long as the ATR indicator shows a sell signals.
http://bigimage.cz/photos/20010111979200555949188.gif .
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1 Attachment(s)
Daily forecast: AUDCHF 30 Oct. 2014.
Technical analysis for Daily forecast of AUDCHF 30 October, 2014. In Daily chart AUDCHF is flat. At present AUDCHF on the pivot point. It is important to break support or resistance levels to identify the trend. Previous record shows its bullish trend.
Pivot: 1.12397
Resistance levels
R1 1.13196
R2 1.13728
R3 1.14527
R4 1.15327
Support levels
S1 1.11865
S2 1.11066
S3 1.10534
S4 1.10003
Attachment 12107
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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/20010111979202673105309.gif .
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Based on the hourly chart of the blade oscillator the AUDCHF is having a week bearish trend by locating at 0.0001 below the level of balance and the indicator is blue colored that means there is a week bearish move will happen in a short time . By using moving average 5 we will notice a UP slope so 0.839 could be considered a good stop loss for if there were sell positions as it is considered the last top by using the indicators signals. http://bigimage.cz/photos/20010111979202001141513.gif
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Today on the AUDCHF chart we can see that the price is moving above EMA indicator’s taking a bullish direction We can also see that the RSI indicator is giving us a buy signal according to the position of the line which is currently above the center line of 35 We can also use the data from the MACD indicator to determine like in the case that the bulls are the ones controlling the market in the current period and that’s because of the green lines heading up in my opinion I do think that the going with the bulls for the current day would be wise but that would be until the price gets below the EMA indicator wave creating by that a new sell signal .
http://bigimage.cz/photos/20010111979205222107225.gif .
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analysis for today 10 / 30 / 2014
AUD/CHF (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 0.8393
Retracement (50%) 0.8398
retracement (61,8%) 0.8403
Extensions (61.8%) 0.8349
Extensions (100.0%) 0.8332
Extensions (138.2%) 0.8315
Extensions (161.8%) 0.8305
calculation based on a Fibonacci retracement then today I choose sell