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As we can see a red arrow is taking place on the AUDCHF chart which indicates that a bearish trend is taking place at the moment.
A top located at 0.8385 is supporting the trend for it is a very strong resistance and if the bearish trend is still strong then the price shouldn't be able to go above it.
The dots from the parabolic sar indicators are shown above the candles which gives a sign of where the price will be heading which is down in this case.
The support 0.8335 would be a great place to act as closing positions if we are to be making selling trades since the price might be heading north after hitting it http://bigimage.cz/photos/20010105978654109605206.gif .
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On the stostatic there is a AUDCHF 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 bullish signal by having a buy 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/20010105978653114407727.gif
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Based on the hourly chart of the blade oscillator the AUDCHF is having a strong bearish trend by locating at 0.0005 below the level of balance and the indicator is red colored that means there is a strong bearish move will happen in a short time . By using moving average 5 we will notice a UP slope so 0.8353 could be considered a good stop loss for if there were sell positions as it is considered the last top by using the indicators signals. http://bigimage.cz/photos/20010105978655772571804.gif
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The daily forecasting for AUDCHF pair according to the signals appears on the Henkin Ashi which show a blue candles associated with down direction arrow then it is clear that we may have a bullish trend for the coming day On taking a look on the T3-Clean and the Snake indicators then you can indicate a sell signal by having a sell cross on them For more confirmation you can get the red signal appears on the trend session indicator For the important level I think the support 0.8304 have a good chance to stop the bearish trend then closing sell position before it could be a wise decission http://bigimage.cz/photos/20010105978653955195030.gif
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On the stostatic there is a AUDCHF 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 bullish signal by having a buy 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/20010105978653114407727.gif
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On the stostatic there is a AUDCHF 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 bullish signal by having a buy 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/20010105978653114407727.gif
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The ZigZag indicator is drawing a top on the AUDCHF chart which means that there is a very good chance for the price to move downward in the next few hours Additionally the price for now is near the down edge of the Donchin band indicator which is means that it is having a hard time if it will move downward A downward direction is most likely to take place when the price crosses the level 0.8305 support which is represented by the blue dots and it is preferred to wait the 2 SMA indicators to give a sell cross and then it will be the best time to enter a sell trades If the price goes for the opposite direction upward direction the stoploss at resistance 0.836 would be the best choice for now .
http://bigimage.cz/photos/20010105978662423759983.gif
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The down trend taking place at the moment on the AUDCHF is taking place according to where the EMAs 5 and 6 which is below the EMA 35 as a result to that taking sell orders would be the best if a bearish direction confirmation came from the other indicators.
According to the parabolic sar indicator’s dots located below the candles we assume that the price would be taking a upward direction as for the MACD which is currently moving below the 0 level it does give us a sell signal.
Also the CCI line is currently in the lower level giving us by that a downward signal.
So to sum all that up I do believe that unless any bullish signal do appear selling would be the best option available at the moment.
http://bigimage.cz/photos/20010105978680558142653.gif .
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A bullish trend seems to be taking place today on the AUDCHF pair and that’s according to the green color shown by the Super trend indicator determining by that the main market direction.
A sell signal is indicated from the Nonlog dot indicator and that is by giving us a red colored dot.
I prefer to wait for the Nonlog indicator till it shows a confirmation then i do think that the buy trades would be taking place more frequently since the signals are currently showing us a strong bullish trend.
For the exit plan I think waiting for the price to hit the support 0.8357 would be the best choice or we can always wait for the super trend to change its color to red either way that can only mean that the bullish trend is over and we should be ready for the price to be heading for the opposite direction .
http://bigimage.cz/photos/20010104978598102199774.gif .
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1 Attachment(s)
Daily forecast: AUDCHF 24 Oct. 2014.
Technical analysis for Daily forecast of AUDCHF 24 October, 2014. In Daily chart AUDCHF is flat. At present AUDCHF on the pivot point. It is important to break support or resistance levels to identify the trend. Previous record shows AUDCHF buy from the 2nd support level.
Pivot: 0.83601
Resistance levels
R1 0.83798
R2 0.84044
R3 0.84241
R4 0.84437
Support levels
S1 0.83355
S2 0.83158
S3 0.82912
S4 0.82665
Attachment 11992