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bullish trend seems to be taking place on the CADCHF
that’s according to the green color shown by the Bollinger Bands indicator determining by that the main market direction.
bullish signal is indicated from the Simple Moving Average indicator and that is by giving us buy signal.
this pair can continue bullish trend today and there is possible chance price will move to up side.
Resisrance level 0.7647
Support level 0.7490
Thanks shukria for the help
Today in my view that's market analysis and trend : BUY
According to the indicators given below :-
MACD
Parabolic sar
Bollinger band
RSI
And
Moving average
Tell the about market trend up so we do trade in buy and take good profit
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Cad/chf technical analysis for 05.10.2012 by using : Auto pivot indicator.
resistance 3:0.9566
resistance 2:0.9540
resistance 1:0.9515
pivot point :0.9489
support 1:0.9464
support 2:0.9438
support 3:0.9413
CADCHF Trend is buy
1 Resistance :0.7415
2 Resistance :0.7321
3 Resistance :0.7239
1 Supporting :0.7134
2 Supporting :0.7022
3 Supporting :0.6917
CADCHF Trend is buy
1 Resistance :0.7416
2 Resistance :0.7322
3 Resistance :0.7234
1 Supporting :0.7133
2 Supporting :0.7021
3 Supporting :0.6915
my calculation is thats,
cad/chf
my openions of this pair is:SELL
In my observation the profitable next selling point will be 0.7456
and by my mind the profitable next buy point will be 0.7341.
You will earn more money if you will follow my views,
because i have posted this after checking the previous routine clearly.
note;simply moving on parabolic levels.
The price has recently reversed up from the lower support trendline of this chart pattern which coincides with the major long term support at 0.8500. This level stopped and reversed strong downward trend in the end of 2008 and 1998 (as can be seen on the second chart below). The pair is expected to correct further up in the coming sessions.
CADCHF Trend is up
1 Resistance level :0.7413
2 Resistance level :0.7322
3 Resistance level :0.7234
1 Supporting level :0.7135
2 Supporting level :0.7027
3 Supporting level :0.6919
Daily analysis of currency pair is :Cad/Chf
today currency trend is : buy
Resistance and Supporting level is :
Current price is: 0.7397
1> Resistance Level is :0.7410
2>Resistance Level is : 0.7421
3>Resistance Level is:0.7434
Daily supporting level
1> Supporting Level is :0.7383
2>Supporting Level is: 0.7370
3>Supporting Level is: 0.7358