-
According to price position which is below the EMA indicator on the USDCHF chart I believe it will be taking a bearish direction throughout the day.
A sell signal is indicated by the RSI indicator according to the line which is currently below the center line of 35.
Using the MACD indicator we can see that the green lines are heading down which means that the market bears are the ones in control in the current period.
As a result to that I do believe that choosing the bears for the current day would be the best choice but that of course until we get an opposite buy signal via the EMA indicator when the price gets over the wave.
http://bigimage.cz/photos/20141010141290596177026.gif .
-
by viewing the AUDJPY chart of the day we conclude that strong bearish trend happened due to the blade oscillator of value 0.296 located below the balance level of the indicator which shows a red signal to conclude a strong indication that a bearish direction happen on the short run. By the way the moving average 5 on the chart giving us a down indication then the top placed at price 95.55 can be taken as a stop loss point for the sell orders given by the indicators that we deal with them. http://bigimage.cz/photos/20141010141290643193013.gif
-
When trying to analyze the AUDJPY I can draw a bullish channel as you can see to narrow the market movement area between 2 trend lines Using the donchain channel you can see the price moving at the down edge of it then I can think about buying the price as long as no opposute signs appears on awesome oscillator Currently the awesome oscillator has a red bars which appears below the level of 0 which can be considered as a good sell signal Same on the stostatic indicator which show a buy signal by getting an up intersection between two lines near the 20 th level Till now bullish trend seems to be a stronger choise and by the way buying the pair targeting the high level of donchain channel is not bad idea http://bigimage.cz/photos/20141010141290661134772.gif
-
As a result of the green arrow that we are seeing at the moment on the AUDJPY chart we conclude that a bullish trend would be taking place now on the top of that the bottom located at the price 94.65 which is a strong support at the moment and the price shouldn’t be able to go below it if the bullish trend stayed strong.
A up direction is to be taking place because of the parabolic sar’s dots which are located below the candles.
And for a take profit the price level 95.85 would be perfect since it's a resistance when we are selling because there might be a good chance for the price to start hitting south after hitting it.
http://bigimage.cz/photos/20141010141290816118479.gif .
-
the red dots appearing above the candle bars indicates that the price today on the USDCHF pair is going to be heading downward depending on the price’s position we are going to determine where the price would be heading so if the price remained in its position lower than 95.86 which act as a strong resistance at this moment also it happens to be a weekly pivot point at the same time then I do believe that the price would be heading south only till it meets the next weekly pivot support at 94.72 .
But what if blue dots appeared indicating bullish trades and the price bypassed the resistance 95.86 and headed for the opposite direction then I do believe that the price in this condition would be heading north until it reaches the price 96.5 which is the next resistance and the next pivot level of the week.
http://bigimage.cz/photos/20141010141290934154389.gif .
-
pair- aud/jpy
analysis time frame- m15
http://i59.tinypic.com/316wwzm.jpg
the price is continue down side but making correction from the support at 93.60 level. the macd divergen is also moving to the level zero side. if this is break resistance trend line at 94.35 then long with take profit at 95.00 and stop loss at 93.50
good luck
-
I think that we can put a buy limit order at 92.84 with take profit at 96.40 because I don't think that the price will can break this support level.
http://i.imgur.com/fujKkDH.png
-
1 Attachment(s)
Weekly forecast: AUDJPY 13-17 Oct. 2014
Technical analysis for weekly forecast for AUDJPY 13-17 Oct. 2014. In weekly chart AUDJPY shows bearish trend. At present AUDJPY below the pivot point and going towards the 1st support level. If 1st support level breaks then next strong support level is 88.661.
Pivot: 94.210
Resistance levels
R1 95.019
R2 96.599
R3 97.408
R4 98.217
Support levels
S1 92.630
S2 91.821
S3 90.241
S4 88.661
Attachment 11889
-
When trying to analyze the AUDJPY I can draw a bullish channel as you can see to narrow the market movement area between 2 trend lines Using the donchain channel you can see the price moving at the down edge of it then I can think about buying the price as long as no opposute signs appears on awesome oscillator Currently the awesome oscillator has a red bars which appears below the level of 0 which can be considered as a good sell signal Same on the stostatic indicator which show a sell signal by getting an down intersection between two lines near the 20 th level Till now bullish trend seems to be a stronger choise and by the way buying the pair targeting the high level of donchain channel is not bad idea http://bigimage.cz/photos/20141013141315210210932.gif
-
The moment indicator indicates that there is good selling signal on our pair AUDJPY and that’s because of the cross taking place where the blue line’s location is below the red line at the moment The oracle strength indicator on the other hand is could be considered be giving a downwards direction signal according to the red color shown If we needed more confirmation on the direction then the Oracle direction indicator would do the trick as you can see the red colors on the arrows could be acting as downward signals.
Now as a conclusion from all the data we acquired up till now I believe that a downward trend would be taking action and that of course if the sell cross was still on the chart sell trades would have the priority as long as the ATR indicator gives selling signals.
http://bigimage.cz/photos/20141013141315249144869.gif .