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analysis for today 12 / 9 / 2014
EUR/AUD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.4776
Retracement (50%) 1.4771
retracement (61,8%) 1.4765
Extensions (61.8%) 1.4823
Extensions (100.0%) 1.4841
Extensions (138.2%) 1.4859
Extensions (161.8%) 1.4870
calculation based on a Fibonacci retracement then today I choose buy
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analysis for today 12 / 9 / 2014
EURAUD
Resistance : R1 1.4916 R2 1.4941 R3 1.4961 R4 1.4991
Support : S1 1.4868 S2 1.4843 S3 1.4823 S4 1.4793
Open : 1.4855
High : 1.4943
Low : 1.4841
Range : 0.0102 Pips
Running Price : 1.4943
Strategy : BUY at the level 1.4943 stop loss at the level 1.4868 target take profit at the level 1.4961 or at the level 1.4991
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Since the price is above the EMA indicator signal on the EURAUD chart i do think that the price would be forming a bullish trend for the rest of the day.
The RSI indicator however shows a buy trend for the rest of the day.
The RSI indicator however shows a above the 35 line.
For more confirmation i believe that the green lines which are going up would tell us that the bulls are the ones controlling the market at the moment and it would be wise to take that into consideration.
Summing all that up the bulls would be a really good choice for us to follow but that of course until we face an opposite sell signal to get out of the trade that of course when the price becomes located under the wave in the EMA indicator .
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the EURAUD chart shows that the price currently is moving above the MBFX indicator's grey line and it is a resistance area. On looking at the last signal on vestro indicator there is a bearish saturation signal by going towards -100 level that may be a good indication to go south for now When you want to enter long so you can target the next level of resistance of the MBFX indicator at 1.4996 as first take profit and 1.5032 as your final target. All of this means that in case of the price didn't reach 1.4903 and it can be used as stoploss for your buy trades.![]()
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As you can see on the EURAUD pair there are a bullish intersection between EMA 9 and EMA 152 which can be a good signal for a starting of bullish trend.
About the Histogram indicator there is a buy signal shown on it by getting the green line which is come above the 0 level of Histogram.
Now checking the market emotions indicator can indicate a bullish signal by showing the green color which mean that the price have a positive emotions at this moment.
The line of Guru Angel indicator is clearly moving above the level 0 to show a green line which can be considered as a support for the bullish direction.
Going north is my favorite guess for the current day to reach the next resistance above the price which can be found at 1.5016 then according to that buy orders is now recommended over selling as long as there is no opposite signals is shown![]()
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The price hits the upper level of donchin channel on the EURAUD chart to perform a probably of bearish trend start by today.
As you can see the price is actually moving at bullish trend because of the up channel for today About the Awesome oscillator there are a bullish sign by having a green colored bars located above the 0 th level.
A quick look to the stostatic can inform you by a buy signal as the price near the level of 80 and there is a bullish cross between the two lines As a result of the previous signals.
I can bet on the bullish side by taking a buy trades wishing that the price reach the high edge of Donchin level which can be used as a good area for closing buy trades in profit.
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On the EURAUD 1H chart a strong bullish trend is taking place now as the Blade oscillator located at 0.0037 level above the level of balance also the indicator is blue that is a strong indication of bullish direction.
On the chart we can see the slope of the moving average is moving UP and we can consider the last bottom which drawn by it at 1.4943 is a stop loss in case we need it in buy orders and it is advised by the signal of the indicators.
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On the chart of the EURAUD there is a main up trend signal as the 2 EMA 5 and 6 are moving above the slow EMA of 35 and if the other indicators confirm a bullish direction then i will go for buy positions.
For the Parabolic sar indicator there a dot below the candles that indicates a upward direction in addition to that we can see a buy signal on the MACD indicator that is moving above the level 0 beside that the CCI line is located at the higher level to perform a upward signal.
As a conclusion and according to the EMA locations buy positions are my choice for today unless the price shows an opposite bearish signals.
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Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
The daily opening in the EURAUD was higher than yesterday which allows us to mention the up trend that happened yesterday.
Due to the data shown on the chart the final arrow signal was a green up arrow below the price that indicates a bullish signal for the short term trading.
I think that the last opening at 1.4955 should be used as a take profit as it acts as a strong resistance which the price may face a difficulty to break it up At the last using a trade system is the best solution to enter trades after that you need to wait to see a clear blue line on the check indicator also the trader indicator must be green so that you can be assured that there is a bullish trend before you open buy positions that we need.
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Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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