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analysis for today 5 / 23 / 2014
CAD/CHF (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 0.8157
Retracement (50%) 0.8153
retracement (61,8%) 0.8148
Extensions (61.8%) 0.8198
Extensions (100.0%) 0.8214
Extensions (138.2%) 0.8230
Extensions (161.8%) 0.8239
calculation based on a Fibonacci retracement then today I choose buy c
analysis for today 5 / 26 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle CADCHFon the date 5 / 23 / 2014
OPEN 0.8244
HIGH 0.8201
LOW 0.8241
CLOSED 0.8241
The third resistance (R3) 0.8201 -( 0.8228 - 0.8241 = -0.0013 x 2 = -0.0027 )= 0.8174
The second Resistance (R2) 0.8228 + 0.8201 - 0.8241 = 0.8188
First resistance (R1) 0.8228 x 2 = 1.6455 - 0.8241 = 0.8214
pivot points 0.8201 + 0.8241 + 0.8241 = 2.4683 / 3 = 0.8228
Support for the first (S1) 0.8228 x 2 = 1.6455 - 0.8201 = 0.8254
Support second (S2) 0.8228 -( 0.8201 - 0.8241 = -0.0040 ) = 0.8268
Third Support (S3) 0.8241 -( 0.8201 - 0.8228 = -0.0027 x 2 = -0.0053 )= 0.8294
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analysis for today 5 / 27 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle CADCHF on the date 5 / 26 / 2014
OPEN 0.8240
HIGH 0.8251
LOW 0.8229
CLOSED 0.8234
The third resistance (R3) 0.8251 -( 0.8238 - 0.8229 = 0.0009 x 2 = 0.0018 )= 0.8269
The second Resistance (R2) 0.8238 + 0.8251 - 0.8229 = 0.8260
First resistance (R1) 0.8238 x 2 = 1.6476 - 0.8229 = 0.8247
pivot points 0.8251 + 0.8229 + 0.8234 = 2.4714 / 3 = 0.8238
Support for the first (S1) 0.8238 x 2 = 1.6476 - 0.8251 = 0.8225
Support second (S2) 0.8238 -( 0.8251 - 0.8229 = 0.0022 ) = 0.8216
Third Support (S3) 0.8229 -( 0.8251 - 0.8238 = 0.0013 x 2 = 0.0026 )= 0.8203
Cad/chf is start selling from is gonna be 0.8229 since it's a strong Support level but that only can happen if the price actually penetrated that level and the current candle stick closes below it.Of course if the price headed the other way then it would surely hit the price 0.8252 if it got penetrated then without doubt it would make a perfect point to start buying .
With the market heading Up Today 5/29/2014 for the pair CADCHF the closest resistance level that I can see would be 0.8267
so if the price reached it then without doubt it's gonna be a good point to start buying, that is if the level was passed using the candle stick of course. And as for the closest support level, I think 0.8247 would act as a strong one so it would be a good idea to start selling once it got penetrated by the candle stick .
http://uploadyourimages.org/upload/s...66fa1316a1.JPG
http://prntscr.com/3nm1qh
analysis for today 5 / 29 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle CADCHFon the date 5 / 28 / 2014
OPEN 0.8252
HIGH 0.8275
LOW 0.8247
CLOSED 0.8254
The third resistance (R3) 0.8275 -( 0.8259 - 0.8247 = 0.0012 x 2 = 0.0023 )= 0.8298
The second Resistance (R2) 0.8259 + 0.8275 - 0.8247 = 0.8287
First resistance (R1) 0.8259 x 2 = 1.6517 - 0.8247 = 0.8270
pivot points 0.8275 + 0.8247 + 0.8254 = 2.4776 / 3 = 0.8259
Support for the first (S1) 0.8259 x 2 = 1.6517 - 0.8275 = 0.8242
Support second (S2) 0.8259 -( 0.8275 - 0.8247 = 0.0028 ) = 0.8231
Third Support (S3) 0.8247 -( 0.8275 - 0.8259 = 0.0016 x 2 = 0.0033 )= 0.8214
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analysis for today 5 / 29 / 2014
CAD/CHF (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 0.8236
Retracement (50%) 0.8233
retracement (61,8%) 0.8230
Extensions (61.8%) 0.8264
Extensions (100.0%) 0.8275
Extensions (138.2%) 0.8286
Extensions (161.8%) 0.8292
calculation based on a Fibonacci retracement then today I choose buy
The CADCHF pair price now still on flat near overbought zone near 0.8278.
wise to wait first. and now op please. and be aware with correction down then
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analysis for today 5 / 30 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle CADCHFon the date 5 / 29 / 2014
OPEN 0.8255
HIGH 0.8281
LOW 0.8240
CLOSED 0.8280
The third resistance (R3) 0.8281 -( 0.8267 - 0.8240 = 0.0027 x 2 = 0.0054 )= 0.8335
The second Resistance (R2) 0.8267 + 0.8281 - 0.8240 = 0.8308
First resistance (R1) 0.8267 x 2 = 1.6534 - 0.8240 = 0.8294
pivot points 0.8281 + 0.8240 + 0.8280 = 2.4801 / 3 = 0.8267
Support for the first (S1) 0.8267 x 2 = 1.6534 - 0.8281 = 0.8253
Support second (S2) 0.8267 -( 0.8281 - 0.8240 = 0.0041 ) = 0.8226
Third Support (S3) 0.8240 -( 0.8281 - 0.8267 = 0.0014 x 2 = 0.0028 )= 0.8212
With the market heading Up Today 5/30/2014 for the pair CADCHF the closest resistance level that I can see would be 0.8283
so if the price reached it then without doubt it's gonna be a good point to start buying, that is if the level was passed using the candle stick of course. And as for the closest support level, I think 0.8269 would act as a strong one so it would be a good idea to start selling once it got penetrated by the candle stick .
http://uploadyourimages.org/upload/s...7e617f0965.JPG