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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 yellow 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 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/20141017141349892166982.gif .
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On the EURAUD chart for today the price appears to move in downward trend as a red dots appear above the bars and as the price still lower than the strong resistance of 1.4706 which is also the weekly pivot point and it is likely for the price to keep going south unless it hit the weekly pivot support at 1.4443 On the other hand if the price breaks the 1.4706 resistance and also get a bullish signals by a blue colored dots it is expected to keep going north till the 1.4835 resistance as the next weekly pivot level.
http://bigimage.cz/photos/20010103978482227131962.gif .
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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 lower edge of donchain channel it is considered as a signal of going up By checking the awesome oscillator there is a green bar below 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 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/20010103978478768134055.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 0.0024 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 1.4477 could be a good place to set any sell position's stop loss level at. http://imagez.me/photos/image/
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Monitoring the EURAUD chart today I realized that a bearish trend is taking place and that’s because of the red arrow shown on the chart also the price 1.458 which is considered a top is a matter of fact the strong resistance preventing the price from penetrating it and heading above it and that is of course if the trend kept heading strongly in the bearish 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 selling trades as the main trades then the support 1.4475 would be the best as initial taking profit position and also there is a great chance for the price to head north after reaching it.
http://bigimage.cz/photos/20010103978483570121650.gif .
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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 lower edge of donchain channel it is considered as a signal of going up By checking the awesome oscillator there is a green bar below 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 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/20010103978478768134055.gif
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On the EURAUD today after drawing a top using the zigzag indicator there is a good chance for price to be heading down in the upcoming hours The price currently is a having a hard time moving upward and that’s because of its position which is currently near the up edge of the Donchin band Once the price crosses the support level 1.4465 which is represented by blue dots on the chart a downward direction is likely to take place.
Waiting for the SMA indicators to cross and give us a sell cross would be a wise choice to increase the chances for a better entry for a sell trade But if the price headed for the opposite direction which is upward at the moment then without doubt 1.4505 would be the best resistance level now .
http://bigimage.cz/photos/20010103978490532219567.gif
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the up blue arrow located below the price determines that a bullish trend is taking place at the moment on the EURAUD pair also the buy cross taking place between the snake and T3_clean verifies it even more the resistance 1.4605 is a strong level and it could be used as a take profit level to minimize the losses if the price headed the opposite direction or if it got penetrated and kept heading up then the price will keep buying On the other hand a strong stop loss level could be initiated at the support of the price 1.4415 I think buying would be the wisest decision at the moment unless another opposite sell signal is formed or if a red down arrow appears http://bigimage.cz/photos/20010103978491640147302.gif .
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Eur/aud analysis :
date : 10.22.14
time : 03:00 GMT
time frame : 15 min
current rate : 1.4471
high : 1.4538
low : 1.4470
net change : -0.07%
overall trend : slightly Bearish.
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On the EURAUD hourly chart we can see a Bearish channel also we can see the Red color of the Moving average indicator that means that the price is moving down for the current time.
The market started today at a Lower levels than the daily pivot point at 1.4498 and due to the data we mentioned before the price may continue to go down till it hits the first daily pivot support which located at 1.4448 also if the WPR indicator does not show an opposite upward signals.
If we reach our target we can keep selling till the 1.4397 support that is very strong support level to reach till the end of the day.
http://bigimage.cz/photos/20010103978494312167897.gif
