Daily Analysis & Forex Signals - October 27, 2011

EURUSD
Support : 1.3810, 1.3714,  1.3632
Resistance : 1.3988, 1.4070,  1.4116

Signal : Buy at 1.3892, TP 1.988, SL 1.3820

GBPUSD
Support : 1.5895, 1.5817,  1.5743
Resistance : 1.6046, 1.6119, 1.6197

Signal : Buy at 1.5967, TP 1.6033, SL 1.5903

USDCHF

Support : 0.8737, 0.8667,  0.8607
Resistance : 0.8868, 0.8928, 0.8998

Signal : Sell at 0.8809, TP 0.8760, SL 0.8863

USDJPY

Support : 75.80, 75.44,  75.19
Resistance : 76.42, 76.67, 77.03

Signal : Sell at 76.20, TP 75.90 SL 76.42

AUDUSD

Support : 1.0333, 1.0269,  1.0218
Resistance : 1.0447, 1.0498, 1.0562

Signal : Buy  at 1.0384, TP 1.0447 SL 1.0333

USDCAD

Support : 0.9992, 0.9943,  0.9851

Resistance : 1.0132, 1.0224, 1.0273

Signal : Sell  at 1.0084, TP 0.9992 SL 1.0132

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Daily Analysis & Forex Signals, October 26, 2011

EURUSD
Support : 1.3849, 1.3793,  1.3738
Resistance : 1.3960, 1.4015, 1.4071

No Forex Signals

GBPUSD
Support : 1.5956, 1.5915,  1.5874
Resistance : 1.6039, 1.6080, 1.6122

Signal : Buy at 1.5998, TP 1.6039, SL 1.5958

USDCHF

Support : 0.8748, 0.8721,  0.8672
Resistance : 0.8824, 0.8873, 0.9001

No Forex Signals

USDJPY

Support : 75.77, 75.47,  75.21
Resistance : 76.34, 76.60, 76.90

Signal : Sell at 76.15, TP 75.95 SL 76.34

AUDUSD

Support : 1.0382, 1.0329,  1.0282
Resistance : 1.0483, 1.0540, 1.0583

Signal : Sell  at 1.0439, TP 1.0392 SL 1.0483

USDCAD

Support : 1.0033, 0.9900,  0.9811

Resistance : 1.0254, 1.0344, 1.0476

Signal : Sell  at 1.0175, TP 1.0138 SL 1.0198

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Daily Analysis & Forex Signals - October 25, 2011

EURUSD
Support : 1.3847, 1.3767,  1.3712
Resistance : 1.3982, 1.4036, 1.4116

No Forex Signals

GBPUSD
Support : 1.5928, 1.5860,  1.5820
Resistance : 1.6036, 1.6075, 1.6143

No Forex Signals

USDCHF

Support : 0.8771, 0.8737,  0.8684
Resistance : 0.8858, 0.9011, 0.9045

No Forex Signals

USDJPY

Support : 75.88, 75.68,  75.39
Resistance : 76.38, 76.67, 76.87

Signal : Sell at 76.18, TP 75.98 SL 76.33

AUDUSD

Support : 1.0356, 1.0240,  1.0168
Resistance : 1.0543, 1.0616, 1.0731

Signal : Buy at 1.0445, TP 1.0533 SL 1.0375

USDCAD

Support : 1.0003, 0.9972,  0.9924

Resistance : 1.0082, 1.0130, 1.0161

No Forex Signals

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Daily Analysis - October 24, 2011

EURUSD
Support : 1.3764, 1.3635,  1.3567
Resistance : 1.3960, 1.4028, 1.4157

Signal : Buy at 1.3823, TP 1.3950 SL 1.3790

GBPUSD
Support : 1.5811, 1.5673,  1.5592
Resistance : 1.6030, 1.6111, 1.6249

Signal : Buy at 1.5950, TP 1.6020 SL 1.5827

USDCHF

Support : 0.8766, 0.8711,  0.8618
Resistance : 0.8914, 0.9007, 0.9061

Signal : Sell at 0.8852, TP 0.8750 SL 0.8904

USDJPY

Support : 75.69, 75.13,  74.52
Resistance : 76.87, 77.47, 78.04

Signal : Sell at 76.48, TP 75.79 SL 76.77

AUDUSD

Support : 1.0259, 1.0143,  1.0085
Resistance : 1.0433, 1.0492, 1.0608

Signal : Buy at 1.0318, TP 1.0423 SL 1.0194

USDCAD

Support : 1.0018, 0.9976,  0.9891

Resistance : 1.0145, 1.0229, 1.0608271

Signal : Sell at 1.0099, TP 1.0028 SL 1.0130

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Candlestick Charting EA

Candlestick was formed by using open, high, low and close.

• If the closing price is above the opening price, then candlestick transparent (or usually white) is formed.
• If the closing price is below the opening price, then the black candlestick is formed.
• The part that is white or black candlestick is called "real body" or just "body".
• Thin lines that appear above and below the body indicate the range high / low and is also called shadow or tail.
• The top of the tail indicates the highest price or "high".
• The bottom of the tail called the "low" or the lowest price.

Body length indicates that the strong buying or selling. The longer the body, the more intense the pressure to buy or sell. Body is short indicating activity buying or selling a bit.

Candlestick with over a longer tail, under a longer tail and smaller body called spinning tops. This pattern indicates the existence of inconsistencies between the buyer and seller.

Inverted hammer indicates there is a possibility for the occurrence of reversal when prices are falling.

Hanging man is a bearish reversal pattern that can also be used as a sign of the top or resistance level is the strongest.

And there are some others pattern which can be used to analyze the market. But if you want the instant one, I share expert advisor which work based on candlestick pattern. Not only the EA, I also share the Candlestick Pattern Analysis ebook, so you don't only rely on EA but also know the reason of the EA action. 

Click here to download the candlestick pattern EA and also the ebook

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