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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.
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While monitoring the AUDJPY I came to realize that a bearish trend is being formed today on the chart and of course I came to that conclusion because of the red signal performed by the super trend indicator giving me a hint on where the market supposedly would be heading.
The Nolog dot indicator giving us a red colored dot indicating that a sell signal should be taking place soon.
A strong bearish trend is indicated by the signals encouraging us to take sell trades but that of course as long as there is no changes on the signals.
In order to be safe we should think of the best position to act as our stop loss I believe the resistance located at the price 9.053 would be the perfect place for that but if this method is not convincing enough then waiting for the super trend’s color to change to green would be a good idea as well since the bearish trend would certainly be over if it met any of those conditions.
http://bigimage.cz/photos/20141013141315682684819.gif
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by viewing the AUDJPY chart of the day we conclude that strong bearish trend happened due to the blade oscillator of value 0.344 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 93.08 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/20141013141316062111027.gif
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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 95.0633 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 92.6633 .
But what if blue dots appeared indicating bullish trades and the price bypassed the resistance 95.0633 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 96.6367 which is the next resistance and the next pivot level of the week.
http://bigimage.cz/photos/20141013141316265214122.gif .
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According to the position of the price at the moment which is currently in a position upper than the 15 EMA line there is a good chance for a bullish trend to be taking place today on the AUDJPY chart.
There is a small chance for the bullish trend to take place according to the signals appearing by the power momentum indicator which is a great tool to filter the buy positions we are about to enter.
As for the power line indicator which is showing a downward direction signal due to its position which is below the 50 level at this moment.
http://bigimage.cz/photos/20141013141316392188090.gif .
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A up trend might be taking place today according to the 0 color signal appearing on the Gann SSI indicator while moving upward on our chart the 0 today.
The wisest choice according to the signals in front of us would be giving the buy orders more priority as long as the support located at the price 0 is still intact and wasn’t broken.
According to the signals from the filter indicator appearing on the 0 bar we can deduce that we should wait for it to confirm the buy entry.
Finally the range indicator will be giving us more confirmation about the direction of the price which is buy direction and that is of course because of 0 colored range appearing at the moment.
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Obviously in front of us on the AUDJPY chart we can clearly see that there is a down trend taking place as we speak and from its looks of it seems to be a main trend of course that was confirmed when the 6 and 5 EMAs were located below the 35 EMA.
From the looks of it making sell orders would be the wisest decision once a bearish direction is confirmed by the other indicators.
Also there are dots located below the candlesticks from the parabolic sar indicators showing us a upward direction adding to that the downward signal formed by the cci line when it got located at the lower level.
Also to be sure we get a sell signal from the MACD indicator as it was moving below the level 0.
So In the end I do think selling would work greatly for me according to what we witnessed up till now unless an opposite bullish signal appears.
http://bigimage.cz/photos/20141013141318047200058.gif .
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http://i57.tinypic.com/o50sna.jpg
Pair: AUDJPY
Type of analysis: Technical
Time frame: H1
Trendline: Bearish under pivot
Fibonacci Indicator: Bearish expansion
William %R Indicator: Bearish (swing high)
Final decision: Bearish
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analysis for today 10 / 13 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle AUDJPY on the date 10 / 10 / 2014
OPEN 94.63
HIGH 94.64
LOW 93.38
CLOSED 93.40
The third resistance (R3) 94.64 - ( 93.81 - 93.38 = 0.43 x 2 = 0.85 )= 95.49
The second Resistance (R2) 93.81 + 94.64 - 93.38 = 95.07
First resistance (R1) 93.81 x 2 = 187.61 - 93.38 = 94.23
pivot points 94.64 + 93.38 + 93.40 = 281.42 / 3 = 93.81
Support for the first (S1) 93.81 x 2 = 187.61 - 94.64 = 92.97
Support second (S2) 93.81 - ( 94.64 - 93.38 = 1.26 ) = 92.55
Third Support (S3) 93.38 - ( 94.64 - 93.81 = 0.83 x 2 = 1.67 )= 91.71
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pair- aud/jpy
analysis time frame- m15
http://i61.tinypic.com/34ybrr4.jpg
the price has been break the supporting trend line at the 93.80 level but the cci indicator is at the level -100. the macd divergen is to the zero level side. the price down movement can expected to the support at 93.00 level. short with the stop loss at 94.75
good luck