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The green signal shown by the super trend indicator proves that a bullish trend would be taking place today on the NZDCHF chart and thus giving us a vague idea of where the price would be heading.
As you can see the Nolog dot indicator is forming blue colored dots meaning that buy trades would be taking place soon.
From the signals we deduce that buy trades would be great idea at the moment due to the bullish trend taking place which is a strong one but that can only happen waiting till the Nonlog indicator changes the signal to confirm the direction.
On the other hand the bullish trend has to stop some time and that can be determined and that can be determined if the super trend’s indicator color changes to red or of course if the price hit the support 0.7505 Whatever the method any of them would be acting as a great stop loss area indicator.
http://bigimage.cz/photos/20010101978335560606821.gif .
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On the chart of the USDCHF there is a main up trend signal as the 2 EMA 5 and 6 are moving Above the slow EMA of 35 and if the other indicators confirm a bullish direction then i will go for buy 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 buy signal on the MACD indicator that is moving above 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 buy positions are my choice for today unless the price shows an opposite bearish signals.
http://bigimage.cz/photos/20010101978335328301008.gif .
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for the NZDCHF pair the price now upper than the EMA line of 15.
Which can be a good sign for bullish trend for the current day.
The power line indicator is now above the 50 th level which can be an indication for a good upward direction of the signal.
At last one thing can be added is the power momentum indicator that shows a low power of the bullish trend and that can be used as a filter to filter the entry of buy positions.
http://bigimage.cz/photos/20010101978338883369560.gif .
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1 Attachment(s)
Daily forecast: NZDCHF 20 Oct. 2014.
Technical analysis for Daily forecast of NZDCHF 20 October, 2014. In Daily chart NZDCHF shows bullish trend. At present NZDCHF above the pivot point and going towards the 1st resistance level. If 1st resistance level breaks then next strong resistance level is 0.76676.
Pivot: 0.74780
Resistance levels
R1 0.75283
R2 0.75669
R3 0.76172
R4 0.76676
Support levels
S1 0.74394
S2 0.73891
S3 0.73505
S4 0.73120
Attachment 11929
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pair- nzd/chf
analysis time frame- m15
http://i57.tinypic.com/t5i1w0.jpg
the price is making double top chart pattern with having resistance at the 0.7529 and nick line of the support at 0.7490 level. the price is having down trend signal with parabolic sar. short with take profit at 0.7470 and stop loss at 0.7530
good luck
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The price is facing a resistance level at 0.7529, that's why I think that we can get in short position with take profit at 0.7461.
http://i.imgur.com/uKbw5cM.png
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The price hits the higher level of donchin channel on the NZDCHF 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 bearish sign by having a red colored bars located above 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 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/20010102978393704884880.gif
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As you can see on the NZDCHF 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.
http://imagez.me/photos/20141019141375847204556.gif .
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Monitoring the NZDCHF 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 0.7475 which is considered a top 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 0.7525 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/20010102978393931164404.gif .
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The NZDCHF now is on a bearish direction according to Henkin Ashi candles color which is blue at this moment in associated with down arrow to indicate down trend When trying to analyze Snake vs T3-Clean you can see a sell signal due to intersection happens And to make sure you can take a look on the trend session indicator and you can see the blue bar to confirm a buy signal for current period Another important thing that you need to keep in mind is the support located at 0.7465 which may get the price reversed to up levels if it fails to break it http://bigimage.cz/photos/20010102978394618208230.gif