Eur/Chf

while rallies could now extend back above 1.1500 over the coming sessions.

Weekly studies are also confirming with the potential formation of a very bullish bottom close.

:)))

pair has stated it's trading week above the level of 1.2200 and that's mean that

the up trend is expected this week and the pair might head to 1.2270 and then 1.2300

i like to sell this pair @ 1.2300
my stop loss of the day @ 1.2317
my take profit for today for this pair @ 1.2264

eur/chf market analysis by using : adx

adx : 18.9087
+di : 16.4568
-di : 15.9959

timeframe : 1 hour
date : 09.05.2013
time : 0900

positive value is only shown by Gator Oscilators as uptrend indication but Accumulated Oscilator (AO), Relative Vigor Index (RVI) and are still indicating downtrend it means pair is still in neutral mode but have bearish tendency from level 1.2305 then several times bullish hammer patterns are showing reversal is being started for pair now

Pivot levels today:
R3: 1.2390
R2: 1.2369
R1: 1.2336
PP: 1.2315
S1: 1.2282
S2: 1.2261
S3: 1.2230
Commnet: Price now is below the daily pivot level, but it is above the 55 SMA, so no clear signal now.
Forecast: By breaking 1.2298 level, this may open the way to more fall to 1.2230.

Eur/chf pivot levels by using fibonacci pivot indicator.

r3: 1.2373
r2: 1.2351
r1: 1.2338

pivot : 1.2317

s1: 1.2295
s2: 1.2282
s3: 1.2261

http://charts.mql5.com/1/511/eurchf-...orex-group.png


we can see in the 1w chart
the pair can not close up the broken down trend line
I see the pair will go to down way to 1.2092
so our target sell from 1.2292 and our target will 200pips

time frame- H1
the price is break the double botton patten and it is also try to make a pull back also. now the price is making doji pattern this will be a signal for the down movement. if the price is close below the 1.2287 we can short with the target at 1.2265
good luck

I think tonight usd has great power for currency melamahkan partner, and for chf has weakened, ntah of news what causing this to happen. for EURCHF although the price has not reached the seller zones but the picture is already showing strong bullish. so my recommendation is buy after news that happened this