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analysis for today 10 / 13 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EURAUD on the date 10 / 10 / 2014
OPEN 1.4455
HIGH 1.4551
LOW 1.4454
CLOSED 1.4544
The third resistance (R3) 1.4551 -( 1.4516 - 1.4454 = 0.0062 x 2 = 0.0125 )= 1.4676
The second Resistance (R2) 1.4516 + 1.4551 - 1.4454 = 1.4613
First resistance (R1) 1.4516 x 2 = 2.9033 - 1.4454 = 1.4579
pivot points 1.4551 + 1.4454 + 1.4544 = 4.3549 / 3 = 1.4516
Support for the first (S1) 1.4516 x 2 = 2.9033 - 1.4551 = 1.4482
Support second (S2) 1.4516 -( 1.4551 - 1.4454 = 0.0097 ) = 1.4419
Third Support (S3) 1.4454 -( 1.4551 - 1.4516 = 0.0035 x 2 = 0.0069 )= 1.4385
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The eur/aud retracement level 1.4456 of Sept. 2014 down-leg,and the remains key pivot point for deciding the near-term trajectory for the eur/aud. the pair Should continue holding above this important support area and manage to climb back above 1.4456 resistance
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pair- eur/aud
analysis time frame- m30
http://i60.tinypic.com/20782et.jpg
the price is break the supporting trend line at the 1.4516 level and moving down side. now its at the fibo support 61.8 level. if the price is move above the 1.4490 then up movement can expected but if break the 1.4440 then short with take profit at 1.4350
good luck
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As you can see on the EURAUD 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/20141014141326286146957.gif .
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On the stostatic there is a EURAUD Chart there is a down channel so it is expected from the price to keep moving down When the price touchs the lower edge of donchain channel it is considered as a signal of going up By checking the awesome oscillator there is a red bar below the level of 0 which indicates a sell signal for the current time On the stostatic there is a bullish signal by having a buy cross and the lines approachs the 20 th level From prvious data bullish is most likely to happen then you can target high level of the donchain channel and if you wait to get a confirmation from the awesome oscillator that can raise the chance for good buy trades http://bigimage.cz/photos/20141014141326476145984.gif
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On the EURAUD hourly chart we can see that a strong bearish trend is happening as the Blade oscillator is now at the 0.0034 area below the level of balance and also the indicator is colored in red that is a strong indication of bearish direction on the short term. Another sell signal is shown on the moving average indicator as it is heading downward to let me think that the last top performed at 1.1535 could be a good place to set any sell position's stop loss level at. http://bigimage.cz/photos/20141014141326453531477.gif
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On the chart of the USDCHF 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 above the candles that indicates a downward 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 lower level to perform a downward 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.
http://bigimage.cz/photos/20141014141326669122146.gif .
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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 1.4445 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 above the candle sticks meaning the price would be heading down for quite some time.
If we are to be taking buying trades as the main trades then the resistance 1.4535 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/20141014141326798111900.gif .
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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 1.4379 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 1.4612 On the other hand if the price breaks the 1.4379 support and also get a bearish signals by a red colored dots it is expected to keep going south till the 1.4227 support as the next weekly pivot level.
http://bigimage.cz/photos/20141014141326888900502.gif .
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The daily forecasting for EURAUD pair according to the signals appears on the Henkin Ashi which show a red candles associated with down direction arrow then it is clear that we may have a bearish trend for the coming day On taking a look on the T3-Clean and the Snake indicators then you can indicate a sell signal by having a sell cross on them For more confirmation you can get the red signal appears on the trend session indicator For the important level I think the support 1.4435 have a good chance to stop the bearish trend then closing sell position before it could be a wise decission http://bigimage.cz/photos/20141014141326622119715.gif