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The price is moving above the wave of EMA indicators to perform a shape of bullish direction through the day at the chart of EURCHF pair And with a buy signal showing on the RSI indicator which have the line going above the center line of 35 This also can be merged with the data of Macd indicator as you can see the green lines is heading down to inform that the market bears have the control at the market for the current period Then I think going with the bulls at the current day and keep at the market until another sell signals shown on the chart by getting the price below the wave of EMA indicators.
http://bigimage.cz/photos/20010108978911589843832.gif .
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1 Attachment(s)
Daily forecast: EURCHF 27 Oct. 2014.
Technical analysis for Daily forecast of EURCHF 27 October, 2014. In Daily chart EURCHF shows bullish trend. At present EURCHF above the pivot point and going towards the 1st resistance level. If 1st resistance level breaks then next strong resistance level is 1.20795.
Pivot: 1.20602
Resistance levels
R1 1.20649
R2 1.20702
R3 1.20749
R4 1.20795
Support levels
S1 1.20549
S2 1.20502
S3 1.20449
S4 1.20395
Attachment 12025
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According to the chart of EURCHF there are a main up trend signal as the 2 EMA 5 and 6 moving Above the slow EMA of 35 then I guess I will take a buy positions once the other indicators confirm the bullish direction.
There are a dots below the candles for parabolic sar indicator to indicate a upward direction and also I can monitor a buy signal on the MACD indicator which moving above the level 0 for now beside the CCI line is at the Higher level to perform a upward signal.
As I said before according to the EMA locations buying is my favorite side for today as long as the price didn’t show any opposite bearish signals.
http://bigimage.cz/photos/20010108978941523273709.gif .
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the EURCHF pair for today seems to be on bullish trend according to the green color of the Super trend which is my main indicator to determine the market direction.
Also the Nonlog dot is blue colored which indicate a buy signal by the way.
Now the signals show a week bullish trend and a buy trades can take a place as soon as the Nonlog indicator changes to confirm the direction.
For the stop loss area I think there are 2 ways to exit if the super trend changes its color to be red or if the price hits the support at the area of 1.2065 which may mean that the bullish direction is over.
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A bullish trend is now in action as you can see the green arrow shown on the hourly EURCHF chart at the current time which is supported with a bottom located at 1.2055 which can be also used as a very strong support that the price shouldn’t go below it if the bullish trend still strong.
Also the parabolic sar dots is showing below the candles which is a sign that the price is heading up for a while.
when buying trades take a place I think then the resistance 1.2075 can be a good area in order to close some open positions as the price has a good chance to go south after hitting it.
http://bigimage.cz/photos/20010101978308779111328.gif .
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When trying to analyze the EURCHF 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 up edge of it then I can think about selling the price as long as no opposute signs appears on awesome oscillator Currently the awesome oscillator has a green bars which appears above the level of 0 which can be considered as a good buy signal Same on the stostatic indicator which show a sell signal by getting an down intersection between two lines near the 80 th level Till now bearish trend seems to be a stronger choise and by the way selling the pair targeting the low level of donchain channel is not bad idea http://bigimage.cz/photos/20010108978941553811755.gif
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As you can see on the chart of EURCHF the prices is now lower than the EMA line of 15 which could be used as a good sign of bearish trend for today.
Also the power line indicator is now above the 50 level which indicates a good upward direction signal.
One important thing else is the power momentum indicator which as you can see show a high power of the bearish trend which can be used to filter the entry of sell positions.
http://bigimage.cz/photos/20010108978945339436573.gif .
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A clear cross is occurs on the momentum indicator on the EURCHF chart as the blue line goes above the red one to perform a good buying signals for the current time By the way the blue color is shown on the Oracle Strength indicator and then it can be considered as a upward direction signal for the EURCHF To add strength to the direction the Oracle direction indicator should be useful and by a quick look you can see the blue color on the arrows to perform a upward signal on the short term Now according to these data I think a upward trend should be in action as long as the momentum buy cross still on the chart and a buy trades can be taken as long as the ATR indicator keep showing a buying signals.
http://bigimage.cz/photos/20010108978947122149871.gif .
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http://www12.0zz0.com/2014/10/27/23/248732828.png
cci(14) : -150.71
bulls (13) : -0.000
i see the in pair down trend
so i will sell from : 1.2055
and my target today is : 1.1855
good luck
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the price seems to move in downward trend today on the EURCHF chart as there are a red dots above the bars and as long as the price keeps lower than the strong resistance of 1.2073 which is also the weekly Pivot point then it seems that the price may keep going south till it can hit the weekly pivot support at 1.205 .
In other scenario if the price can break the resistance 1.2073 and get a bullish signals by a blue dots then it’s expected to keep going north till the resistance of 1.2087 as the next weekly Pivot point.
http://bigimage.cz/photos/20010109979000287205584.gif .
