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http://prntscr.com/4w1ns3
analysis for today 10 / 14 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EURAUD on the date 10 / 13 / 2014
OPEN 1.4542
HIGH 1.4618
LOW 1.4450
CLOSED 1.4542
The third resistance (R3) 1.4618 -( 1.4537 - 1.4450 = 0.0087 x 2 = 0.0173 )= 1.4791
The second Resistance (R2) 1.4537 + 1.4618 - 1.4450 = 1.4705
First resistance (R1) 1.4537 x 2 = 2.9073 - 1.4450 = 1.4623
pivot points 1.4618 + 1.4450 + 1.4542 = 4.3610 / 3 = 1.4537
Support for the first (S1) 1.4537 x 2 = 2.9073 - 1.4618 = 1.4455
Support second (S2) 1.4537 -( 1.4618 - 1.4450 = 0.0168 ) = 1.4369
Third Support (S3) 1.4450 -( 1.4618 - 1.4537 = 0.0081 x 2 = 0.0163 )= 1.4287
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http://i60.tinypic.com/otgdbn.jpg
Pair: EURAUD
Type of analysis: Technical
Time frame: H1
Channel line: Bearish under pivot
Fibonacci Indicator: Bearish expansion
William %R Indicator: Bearish (swing low)
Final decision: Bearish
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pair- eur/aud
analysis time frame- m30
http://i57.tinypic.com/98ht0z.jpg
the macd indicator is giving up trend signal with the parabolic sar. the price break the resistance at 1.4490. if this is move above the daily pivot point at 1.4537 then long with take profit at 1.4625 and stop loss at the 1.4460
good luck
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http://prntscr.com/4w4akp
analysis for today 10 / 14 / 2014
EUR/AUD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.4617
Retracement (50%) 1.4632
retracement (61,8%) 1.4646
Extensions (61.8%) 1.4492
Extensions (100.0%) 1.4444
Extensions (138.2%) 1.4396
Extensions (161.8%) 1.4367
calculation based on a Fibonacci retracement then today I choose sell
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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 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/20141015141332532194068.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 0.4435 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/20141015141332576197356.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/20141015141332640119035.gif .
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On the EURAUD hourly chart we can see that a week bullish trend is happening as the Blade oscillator is now at the 0.0018 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 sell signal is shown on the moving average indicator as it is heading downward to let me think that the last bottom performed at 1.4518 could be a good place to set any buy position's stop loss level at. http://bigimage.cz/photos/20141015141332801562112.gif
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http://i61.tinypic.com/6hhp8m.jpg
Pair: EURAUD
Type of analysis: Technical
Time frame: H1
Channel line: Bullish above pivot
Fibonacci Indicator: Bearish retracement
William %R Indicator: Bearish (overbought)
Final decision: Bearish
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http://prntscr.com/4wbm8q
analysis for today 10 / 15 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EURAUD on the date 10 / 14 / 2014
OPEN 1.4541
HIGH 1.4562
LOW 1.4447
CLOSED 1.4530
The third resistance (R3) 1.4562 -( 1.4513 - 1.4447 = 0.0066 x 2 = 0.0132 )= 1.4694
The second Resistance (R2) 1.4513 + 1.4562 - 1.4447 = 1.4628
First resistance (R1) 1.4513 x 2 = 2.9026 - 1.4447 = 1.4579
pivot points 1.4562 + 1.4447 + 1.4530 = 4.3539 / 3 = 1.4513
Support for the first (S1) 1.4513 x 2 = 2.9026 - 1.4562 = 1.4464
Support second (S2) 1.4513 -( 1.4562 - 1.4447 = 0.0115 ) = 1.4398
Third Support (S3) 1.4447 -( 1.4562 - 1.4513 = 0.0049 x 2 = 0.0098 )= 1.4349