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the AUDCHF chart shows that the price currently is moving below the MBFX indicator's red line and it is a resistance area. On looking at the last signal on vestro indicator there is a bullish saturation signal by going towards +100 level that may be a good indication to go north for now When you want to enter short so you can target the next level of support of the MBFX indicator at 0.8131 as first take profit and 0.8111 as your final target. All of this means that in case of the price didn't reach 0.8156 and it can be used as stoploss for your sell trades. http://bigimage.cz/photos/20141205141776432572146.gif
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analysis for today 12 / 5 / 2014
AUD/CHF (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 0.8153
Retracement (50%) 0.8168
retracement (61,8%) 0.8183
Extensions (61.8%) 0.8023
Extensions (100.0%) 0.7973
Extensions (138.2%) 0.7923
Extensions (161.8%) 0.7893
calculation based on a Fibonacci retracement then today I choose sell
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Monitoring the AUDCHF chart today I realized that a bullish trend is taking place and that’s because of the green arrow shown on the chart also the price 0.8125 which is considered a bottom is a matter of fact the strong support preventing the price from penetrating it and heading below it and that is of course if the trend kept heading strongly in the bullish direction.
The parabolic sar dots however is currently appearing below the candle sticks meaning the price would be heading up for quite some time.
If we are to be taking buying trades as the main trades then the resistance found at 0.8165 would be the best as initial taking profit position and also there is a great chance for the price to head south after reaching it.
http://bigimage.cz/photos/20141207141798917156825.gif
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The price hits the lower level of donchin channel on the AUDCHF chart to perform a probably of bullish trend start by today.
As you can see the price is actually moving at bearish trend because of the down channel for today About the Awesome oscillator there are a bearish sign by having a red colored bars located below the 0 th level.
A quick look to the stostatic can inform you by a buy signal as the price near the level of 20 and there is a bullish cross between the two lines As a result of the previous signals.
I can bet on the bearish side by taking a sell trades wishing that the price reach the low edge of Donchin level which can be used as a good area for closing sell trades in profit.
http://bigimage.cz/photos/20141208141801997747715.gif
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analysis for today 12 / 8 / 2014
AUDCHF
Resistance : R1 0.8171 R2 0.8196 R3 0.8216 R4 0.8246
Support : S1 0.8365 S2 0.8340 S3 0.8320 S4 0.8290
Open : 0.8140
High : 0.8440
Low : 0.8096
Range : 0.0344 Pips
Running Price : 0.8102
Strategy : SELL at the level 0.8102 stop loss at the level 0.8171 target take profit at the level 0.8320 or at the level 0.8290
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As you can see on the AUDCHF chart in front of us the blue line’s position in the moment indicator is below the red line which means a good selling signal should be occurring .
Also the red color shown in the oracle strength indicator means that a downwards direction signal is going to take place.
The oracle direction indicator could serve as a filtering tool with the red colors shown on the arrows meaning that a downward signal would be taking place in short term trades.
Summing all that up in my opinion I do think that the trend would be taking a downward direction but that can only happen if the moment sell cross was taking place on the chart And as long as the ATR indicator keeps showing selling signals then without doubt the sell trades would be a better choice for entry.
http://bigimage.cz/photos/20141208141802239985022.gif
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Since the price is below the EMA indicator signal on the AUDCHF chart i do think that the price would be forming a bearish trend for the rest of the day.
The RSI indicator however shows a sell trend for the rest of the day.
The RSI indicator however shows a below the 35 line.
For more confirmation i believe that the green lines which are going down would tell us that the bears are the ones controlling the market at the moment and it would be wise to take that into consideration.
Summing all that up the bears would be a really good choice for us to follow but that of course until we face an opposite buy signal to get out of the trade that of course when the price becomes located over the wave in the EMA indicator .
http://bigimage.cz/photos/20141208141802275133505.gif
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As you can see on the AUDCHF pair there are a bearish intersection between EMA 9 and EMA 152 which can be a good signal for a starting of bearish trend.
About the Histogram indicator there is a sell signal shown on it by getting the red line which is come below the 0 level of Histogram.
Now checking the market emotions indicator can indicate a bearish signal by showing the red color which mean that the price have a negative emotions at this moment.
The line of Guru Angel indicator is clearly moving below the level 0 to show a red line which can be considered as a support for the bearish direction.
Going south is my favorite guess for the current day to reach the next support below the price which can be found at 0.8059 then according to that sell orders is now recommended over buying as long as there is no opposite signals is shown http://bigimage.cz/photos/20141208141802110715687.gif
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On the AUDCHF 1H chart a strong bearish trend is taking place now as the Blade oscillator located at 0.0016 level below the level of balance also the indicator is red that is a strong indication of bearish direction.
On the chart we can see the slope of the moving average is moving down and we can consider the last top which drawn by it at 0.8101 is a stop loss in case we need it in sell orders and it is advised by the signal of the indicators.
http://bigimage.cz/photos/20141208141802387787509.gif
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the AUDCHF chart shows that the price currently is moving above the MBFX indicator's grey line and it is a support area. On looking at the last signal on vestro indicator there is a bullish saturation signal by going towards +100 level that may be a good indication to go north for now When you want to enter long so you can target the next level of resistance of the MBFX indicator at 0.8112 as first take profit and 0.8138 as your final target. All of this means that in case of the price didn't reach 0.8072 and it can be used as stoploss for your buy trades. http://bigimage.cz/photos/20141208141802254166301.gif