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pair- cad/chf
chart analysis time frame- m30
http://i58.tinypic.com/30axoo3.jpg
the price is making higher to high and the rsi and macd divergen is high to low side. this up movement is again rejecting from the daily resistance at 0.7927 and its again down side. we can short with the take profit at 0.7870 and stop loss at the 0.7940
good luck.
analysis for today 3 / 18 / 2014
CAD/CHF
Resistance 3 0,8018
Resistance 2 0,7988
Resistance 1 0,7968
Pivot Point 0,7896
Support 1 0,7818
Support 2 0,7798
Support 3 0,7768
BUY STOP 0,7968 STOP LOSS 0,7818 TAKE PROFIT 0,7988
SELL STOP 0,7818 STOP LOSS 0,7968 TAKE PROFIT 0,7798
analysis for today 3 / 19 / 2014
CAD/CHF
Resistance : R1 0.7908 R2 0.7933 R3 0.7953 R4 0.7983
Support : S1 0.7771 S2 0.7746 S3 0.7726 S4 0.7696
Open : 0.7835
High : 0.7846
Low : 0.7833
Range : 13 Pips
Running Price : 0.7843
Strategy : SELL at the level 0.7843 stop loss at the level 0.7908 target take profit at the level 0.7726 or at the level 0.7696
If we look the previous candle on daily time frame, that's an outside bearish candle and indicates that there are many sellers in the market. Beside that, the yesterday bearish movement had also broken the support level at 0.7850. So, in my view, CADCHF has a chance to fall today and reach the next support level at around 0.7800.
The currency pair CAD / CHF yesterday there was a decline, but descend to the level of resistance in the monthly price 0.7819 the pair failed and now the pair started a small correction and I think that correction will continue and couples can pair up to resistance level 0.7868 and the price movement is Stochastic indicator price support on H1 chart.
analysis for today 3 / 19 / 2014
CAD/CHF
Resistance 3 0,7963
Resistance 2 0,7933
Resistance 1 0,7913
Pivot Point 0,7835
Support 1 0,7766
Support 2 0,7746
Support 3 0,7716
BUY STOP 0,7913 STOP LOSS 0,7766 TAKE PROFIT 0,7933
SELL STOP 0,7766 STOP LOSS 0,7913 TAKE PROFIT 0,7746
Trade forex pivot point calculations based on today's.
Pair = CADCHF
Date = Wednesday, 03.19.2014
Pivot point Result
Resistance 3 = 0.8016
Resistance 2 = 0.7975
Resistance 1 = 0.7912
Pivot point = 0.7871
Support 1 = 0.7808
Support 2 = 0.7767
Support 3 = 0.7704
Market price prediction
if buy at = 0.7830
take profit = 0.7953
stop loss = 0.7789
is sell at = 0.7934
take profit = 0.7745
stop loss = 0.7997
Forex Trading Today
Pair = CADCHF
Date = Thursday, 03.20.2014
Fibonacci Pivot point Result
Resistance 3 = 0.7884
Resistance 2 = 0.7865
Resistance 1 = 0.7853
Pivot point = 0.7833
Support 1 = 0.7814
Support 2 = 0.7802
Support 3 = 0.7782
Market price prediction basaed on the calculation of fibonacci pivot point
buy entry = 0.7821 ,take profit = 0.7872 ,stop loss = 0.7809
sell entry = 0.7845 ,take profit = 0.7794 ,stop loss = 0.7857
analysis for today 3 / 20 / 2014
CAD/CHF
Resistance : R1 0.7899 R2 0.7924 R3 0.7944 R4 0.7974
Support : S1 0.7766 S2 0.7741 S3 0.7721 S4 0.7691
Open : 0.7831
High : 0.7841
Low : 0.7824
Range : 17 Pips
Running Price : 0.7834
Strategy : SELL at the level 0.7834 stop loss at the level 0.7899 target take profit at the level 0.7721 or at the level 0.7691
CADCHF had broken the support level at 0.7850 yesterday and basically this pair still in bearish condition and possible to try reaching the next support level at 0.7800 or lower today. But if CADCHF can rise and break 0.7850 level successfully, this pair will goes up to the resistance level at 0.7900.