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The price hits the upper level of donchin channel on the AUDCHF chart to perform a probably of bearish trend start by today.
As you can see the price is actually moving at bullish trend because of the up channel for today About the Awesome oscillator there are a bullish sign by having a green 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 80 and there is a bullish cross between the two lines As a result of the previous signals.
I can bet on the bullish side by taking a buy trades wishing that the price reach the high edge of Donchin level which can be used as a good area for closing buy trades in profit.
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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 above the red line which means a good buying signal should be occurring .
Also the blue color shown in the oracle strength indicator means that a upwards direction signal is going to take place.
The oracle direction indicator could serve as a filtering tool with the blue colors shown on the arrows meaning that a upward 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 upward direction but that can only happen if the moment buy cross was taking place on the chart And as long as the ATR indicator keeps showing buying signals then without doubt the buy trades would be a better choice for entry.
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As you can see on the AUDCHF pair there are a bullish intersection between EMA 9 and EMA 152 which can be a good signal for a starting of bullish trend.
About the Histogram indicator there is a buy signal shown on it by getting the green line which is come above the 0 level of Histogram.
Now checking the market emotions indicator can indicate a bullish signal by showing the green color which mean that the price have a positive 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 north is my favorite guess for the current day to reach the next resistance above the price which can be found at 0.8135 then according to that buy orders is now recommended over selling as long as there is no opposite signals is shown http://bigimage.cz/photos/20141210141819352118118.gif
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On the AUDCHF 1H chart a strong bullish trend is taking place now as the Blade oscillator located at 0.0017 level above the level of balance also the indicator is red that is a weak indication of bullish direction.
On the chart we can see the slope of the moving average is moving UP and we can consider the last bottom which drawn by it at 0.8066 is a stop loss in case we need it in buy orders and it is advised by the signal of the indicators.
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On the chart of the AUDCHF there is a main down trend signal as the 2 EMA 5 and 6 are moving below the slow EMA of 35 and if the other indicators confirm a bearish direction then i will go for sell positions.
For the Parabolic sar indicator there a dot below the candles that indicates a upward direction in addition to that we can see a sell signal on the MACD indicator that is moving below the level 0 beside that the CCI line is located at the higher level to perform a upward signal.
As a conclusion and according to the EMA locations sell positions are my choice for today unless the price shows an opposite bullish signals.
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the AUDCHF chart shows that the price currently is moving below the MBFX indicator's grey 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 0.8045 as first take profit and 0.8004 as your final target. All of this means that in case of the price didn't reach 0.811 and it can be used as stoploss for your sell trades. http://bigimage.cz/photos/20141210141819496407749.gif
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The daily opening in the AUDCHF was lower than yesterday which allows us to mention the down trend that happened yesterday.
Due to the data shown on the chart the final arrow signal was a red down arrow above the price that indicates a bearish signal for the short term trading.
I think that the last opening at 0.802 should be used as a take profit as it acts as a strong support which the price may face a difficulty to break it down At the last using a trade system is the best solution to enter trades after that you need to wait to see a clear red line on the check indicator also the trader indicator must be red so that you can be assured that there is a bearish trend before you open sell positions that we need.
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---------- Post added at 10:08 AM ---------- Previous post was at 09:10 AM ----------
Since the price is above the EMA indicator signal on the AUDCHF chart i do think that the price would be forming a bullish trend for the rest of the day.
The RSI indicator however shows a buy trend for the rest of the day.
The RSI indicator however shows a above the 35 line.
For more confirmation i believe that the green lines which are going up would tell us that the bulls are the ones controlling the market at the moment and it would be wise to take that into consideration.
Summing all that up the bulls would be a really good choice for us to follow but that of course until we face an opposite sell signal to get out of the trade that of course when the price becomes located under the wave in the EMA indicator .
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analysis for today 12 / 10 / 2014
AUD/CHF (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 0.8056
Retracement (50%) 0.8065
retracement (61,8%) 0.8073
Extensions (61.8%) 0.7981
Extensions (100.0%) 0.7952
Extensions (138.2%) 0.7923
Extensions (161.8%) 0.7906
calculation based on a Fibonacci retracement then today I choose sell
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analysis for today 12 / 10 / 2014
AUDCHF
Resistance : R1 0.8109 R2 0.8134 R3 0.8154 R4 0.8184
Support : S1 0.8010 S2 0.7985 S3 0.7965 S4 0.7935
Open : 0.8053
High : 0.8085
Low : 0.8034
Range : 0.0051 Pips
Running Price : 0.8085
Strategy : SELL at the level 0.8085 stop loss at the level 0.8109 target take profit at the level 0.7965 or at the level 0.7935
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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 bullish trend because of the up 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 bullish side by taking a buy trades wishing that the price reach the high edge of Donchin level which can be used as a good area for closing buy trades in profit.
http://bigimage.cz/photos/20141211141827958212274.gif