the EURAUD become more to down. wise for sell op on next trade. start the sell if fibo bellow 1.4346 can be break by next seller
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the EURAUD become more to down. wise for sell op on next trade. start the sell if fibo bellow 1.4346 can be break by next seller
pair- eur/aud
analysis time frame- m30
http://i62.tinypic.com/vwrio0.jpg
the down movement of the price is hold at the fibo support 78.6. its moving up from the 1.4360 level and hitting previous high at 1.4460 level. here price is making doji pattern so some correction can expected. short with take profit at 1.4380 and stop loss at 1.4490
good luck
As you can see on the EURAUD 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://bigimage.cz/photos/20141010141290098126964.gif .
When we take a look on the chart of the EURAUD we will find the up trend on the hourly chart as the GANN SSI indicator heading upward and also showing a green color.
Because of this signal we will go for the buy orders for the current day in case that the price didn’t break the support area that shown by the white grid at the price of supp In addition to that there is a signal that should be careful about on the Range indicator that has a buy range blue colored to indicate a buy direction.
At last using the signals of Filter indicator can’t be neglected also there is a blue bar on the indicator to show that we must wait to be assured about the buy entry.
http://bigimage.cz/photos/20141010141290300204260.gif
Since the price is above the EMA indicator signal on the EURAUD 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 signal because of the line which currently reside a position 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 below the wave in the EMA indicator.
http://bigimage.cz/photos/20141010141290593213578.gif .
On the EURAUD hourly chart we can see that a week bullish trend is happening as the Blade oscillator is now at the 0.0046 area above the level of balance and also the indicator is colored in blue that is a week indication of bullish direction on the short term. Another buy signal is shown on the moving average indicator as it is heading upward to let me think that the last bottom performed at 1.4445 could be a good place to set any buy position's stop loss level at. http://bigimage.cz/photos/20141010141290640160187.gif
On the stostatic there is a EURAUD 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 green bar above the level of 0 which indicates a buy signal for the current time On the stostatic there is a bearish signal by having a sell 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/20141010141290658946426.gif
Monitoring the EURAUD 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 1.4335 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 1.4515 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/20141010141290813108646.gif .
On the EURAUD chart for today the price appears to move in upward trend as a blue dots appear below the bars and as the price still higher than the strong resistance of 1.4315 which is also the weekly pivot point and it is likely for the price to keep going north unless it hit the weekly pivot resistance at 1.4553 On the other hand if the price breaks the 1.4315 support and also get a bearish signals by a red colored dots it is expected to keep going south till the 1.4211 support as the next weekly pivot level.
http://bigimage.cz/photos/20141010141290931191372.gif .
Weekly forecast: EURAUD 13-17 Oct. 2014
Technical analysis for weekly forecast for EURAUD 13-17 Oct. 2014. In weekly chart EURAUD shows bullish trend. At present EURAUD above the pivot point and going towards the 1st resistance level. If 1st resistance level breaks then next strong resistance level is 1.50070.
Pivot: 1.44703
Resistance levels
R1 1.46228
R2 1.47021
R3 1.48546
R4 1.50070
Support levels
S1 1.43910
S2 1.42385
S3 1.41592
S4 1.40798
Attachment 11894