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http://prntscr.com/3yv8ar
analysis for today 7 / 3 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle AUDCHF on the date 7 / 2 / 2014
OPEN 0.8427
HIGH 0.8428
LOW 0.8382
CLOSED 0.8392
The third resistance (R3) 0.8428 -( 0.8401 - 0.8382 = 0.0019 x 2 = 0.0037 )= 0.8465
The second Resistance (R2) 0.8401 + 0.8428 - 0.8382 = 0.8447
First resistance (R1) 0.8401 x 2 = 1.6801 - 0.8382 = 0.8419
pivot points 0.8428 + 0.8382 + 0.8392 = 2.5202 / 3 = 0.8401
Support for the first (S1) 0.8401 x 2 = 1.6801 - 0.8428 = 0.8373
Support second (S2) 0.8401 -( 0.8428 - 0.8382 = 0.0046 ) = 0.8355
Third Support (S3) 0.8382 -( 0.8428 - 0.8401 = 0.0027 x 2 = 0.0055 )= 0.8327
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http://prntscr.com/3z0s1k
analysis for today 7 / 3 / 2014
AUD/CHF (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 0.8400
Retracement (50%) 0.8405
retracement (61,8%) 0.8410
Extensions (61.8%) 0.8354
Extensions (100.0%) 0.8336
Extensions (138.2%) 0.8318
Extensions (161.8%) 0.8308
calculation based on a Fibonacci retracement then today I choose sell
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http://prntscr.com/3z7iqy
analysis for today 7 / 4 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle AUDCHF on the date 7 / 3 / 2014
OPEN 0.8392
HIGH 0.8394
LOW 0.8320
CLOSED 0.9347
The third resistance (R3) 0.8394 -( 0.8687 - 0.8320 = 0.0367 x 2 = 0.0734 )= 0.9128
The second Resistance (R2) 0.8687 + 0.8394 - 0.8320 = 0.8761
First resistance (R1) 0.8687 x 2 = 1.7374 - 0.8320 = 0.9054
pivot points 0.8394 + 0.8320 + 0.9347 = 2.6061 / 3 = 0.8687
Support for the first (S1) 0.8687 x 2 = 1.7374 - 0.8394 = 0.8980
Support second (S2) 0.8687 -( 0.8394 - 0.8320 = 0.0074 ) = 0.8613
Third Support (S3) 0.8320 -( 0.8394 - 0.8687 = -0.0293 x 2 = -0.0586 )= 0.8906
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http://prntscr.com/3zchgy
analysis for today 7 / 4 / 2014
AUD/CHF (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 0.8348
Retracement (50%) 0.8357
retracement (61,8%) 0.8366
Extensions (61.8%) 0.8274
Extensions (100.0%) 0.8246
Extensions (138.2%) 0.8218
Extensions (161.8%) 0.8200
calculation based on a Fibonacci retracement then today I choose sell
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http://prntscr.com/404ttb
analysis for today 7 / 7 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle AUDCHF on the date 7 / 4 / 2014
OPEN 0.8347
HIGH 0.8378
LOW 0.8346
CLOSED 0.8372
The third resistance (R3) 0.8378 -( 0.8365 - 0.8346 = 0.0019 x 2 = 0.0039 )= 0.8417
The second Resistance (R2) 0.8365 + 0.8378 - 0.8346 = 0.8397
First resistance (R1) 0.8365 x 2 = 1.6731 - 0.8346 = 0.8385
pivot points 0.8378 + 0.8346 + 0.8372 = 2.5096 / 3 = 0.8365
Support for the first (S1) 0.8365 x 2 = 1.6731 - 0.8378 = 0.8353
Support second (S2) 0.8365 -( 0.8378 - 0.8346 = 0.0032 ) = 0.8333
Third Support (S3) 0.8346 -( 0.8378 - 0.8365 = 0.0013 x 2 = 0.0025 )= 0.8321
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http://prntscr.com/40a4tk
analysis for today 7 / 7 / 2014
AUD/CHF (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 0.8366
Retracement (50%) 0.8362
retracement (61,8%) 0.8358
Extensions (61.8%) 0.8398
Extensions (100.0%) 0.8410
Extensions (138.2%) 0.8422
Extensions (161.8%) 0.8430
calculation based on a Fibonacci retracement then today I choose buy
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When trying to analyze the AUDCHF I can draw a bearish 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 green bars which appears below 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 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 .
[img]https://charts.mql5.com/5/156/audchf-h1-*********-lp.png[/img]
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http://prntscr.com/40hmoy
analysis for today 7 / 8 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle AUDCHF on the date 7 / 7 / 2014
OPEN 0.8373
HIGH 0.8383
LOW 0.8363
CLOSED 0.8373
The third resistance (R3) 0.8383 -( 0.8373 - 0.8363 = 0.0010 x 2 = 0.0020 )= 0.8403
The second Resistance (R2) 0.8373 + 0.8383 - 0.8363 = 0.8393
First resistance (R1) 0.8373 x 2 = 1.6746 - 0.8363 = 0.8383
pivot points 0.8383 + 0.8363 + 0.8373 = 2.5119 / 3 = 0.8373
Support for the first (S1) 0.8373 x 2 = 1.6746 - 0.8383 = 0.8363
Support second (S2) 0.8373 -( 0.8383 - 0.8363 = 0.0020 ) = 0.8353
Third Support (S3) 0.8363 -( 0.8383 - 0.8373 = 0.0010 x 2 = 0.0020 )= 0.8343
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analysis for today 7 / 8 / 2014
AUD/CHF (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 0.8371
Retracement (50%) 0.8373
retracement (61,8%) 0.8375
Extensions (61.8%) 0.8351
Extensions (100.0%) 0.8343
Extensions (138.2%) 0.8335
Extensions (161.8%) 0.8331
calculation based on a Fibonacci retracement then today I choose sell
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On the stostatic there is a AUDCHF 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 red bar above the level of 0 which indicates a sell 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://img822.imageshack.us/img822/8818/atcp.png