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http://prntscr.com/3yv8na
analysis for today 7 / 3 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle CADCHFon the date 7 / 2 / 2014
OPEN 0.8343
HIGH 0.8357
LOW 0.8325
CLOSED 0.8329
The third resistance (R3) 0.8357 -( 0.8337 - 0.8325 = 0.0012 x 2 = 0.0024 )= 0.8381
The second Resistance (R2) 0.8337 + 0.8357 - 0.8325 = 0.8369
First resistance (R1) 0.8337 x 2 = 1.6674 - 0.8325 = 0.8349
pivot points 0.8357 + 0.8325 + 0.8329 = 2.5011 / 3 = 0.8337
Support for the first (S1) 0.8337 x 2 = 1.6674 - 0.8357 = 0.8317
Support second (S2) 0.8337 -( 0.8357 - 0.8325 = 0.0032 ) = 0.8305
Third Support (S3) 0.8325 -( 0.8357 - 0.8337 = 0.0020 x 2 = 0.0040 )= 0.8285
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http://prntscr.com/3z0st4
analysis for today 7 / 3 / 2014
CAD/CHF (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 0.8313
Retracement (50%) 0.8309
retracement (61,8%) 0.8305
Extensions (61.8%) 0.8345
Extensions (100.0%) 0.8357
Extensions (138.2%) 0.8369
Extensions (161.8%) 0.8377
calculation based on a Fibonacci retracement then today I choose buy c
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http://prntscr.com/3z7j4q
analysis for today 7 / 4 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle CADCHFon the date 7 / 3 / 2014
OPEN 0.8330
HIGH 0.8410
LOW 0.8326
CLOSED 0.8395
The third resistance (R3) 0.8410 -( 0.8377 - 0.8326 = 0.0051 x 2 = 0.0102 )= 0.8512
The second Resistance (R2) 0.8377 + 0.8410 - 0.8326 = 0.8461
First resistance (R1) 0.8377 x 2 = 1.6754 - 0.8326 = 0.8428
pivot points 0.8410 + 0.8326 + 0.8395 = 2.5131 / 3 = 0.8377
Support for the first (S1) 0.8377 x 2 = 1.6754 - 0.8410 = 0.8344
Support second (S2) 0.8377 -( 0.8410 - 0.8326 = 0.0084 ) = 0.8293
Third Support (S3) 0.8326 -( 0.8410 - 0.8377 = 0.0033 x 2 = 0.0066 )= 0.8260
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http://prntscr.com/3zci6f
analysis for today 7 / 4 / 2014
CAD/CHF (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 0.8294
Retracement (50%) 0.8284
retracement (61,8%) 0.8274
Extensions (61.8%) 0.8378
Extensions (100.0%) 0.8410
Extensions (138.2%) 0.8442
Extensions (161.8%) 0.8462
calculation based on a Fibonacci retracement then today I choose buy c
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http://prntscr.com/404wx6
analysis for today 7 / 7 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle CADCHFon the date 7 / 4 / 2014
OPEN 0.8394
HIGH 0.8415
LOW 0.8387
CLOSED 0.8389
The third resistance (R3) 0.8415 -( 0.8397 - 0.8387 = 0.0010 x 2 = 0.0020 )= 0.8435
The second Resistance (R2) 0.8397 + 0.8415 - 0.8387 = 0.8425
First resistance (R1) 0.8397 x 2 = 1.6794 - 0.8387 = 0.8407
pivot points 0.8415 + 0.8387 + 0.8389 = 2.5191 / 3 = 0.8397
Support for the first (S1) 0.8397 x 2 = 1.6794 - 0.8415 = 0.8379
Support second (S2) 0.8397 -( 0.8415 - 0.8387 = 0.0028 ) = 0.8369
Third Support (S3) 0.8387 -( 0.8415 - 0.8397 = 0.0018 x 2 = 0.0036 )= 0.8351
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http://prntscr.com/40a5eq
analysis for today 7 / 7 / 2014
CAD/CHF (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 0.8388
Retracement (50%) 0.8388
retracement (61,8%) 0.8388
Extensions (61.8%) 0.8390
Extensions (100.0%) 0.8391
Extensions (138.2%) 0.8392
Extensions (161.8%) 0.8392
calculation based on a Fibonacci retracement then today I choose sell
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My forecasting for today on the CADCHF shows that the price is currently moving downwards through the down channel as you can see .
Awesome oscillator is a good indicator to avoid side trend market and it is currently showing a buy signal by getting a green bars located below the 0 th level to indicate a bullish trend .
Now when you take a close look to the chart you can see that the price hit the low edge of donchin channel which can be a good bullish signal till the price be able to hit the high edge of it .
Finally another sell condition is shown by getting down cross at the stostatic indicator and the two lines is almost at level of 20 .
To finish the forecasting I gess that you can consider a bullish trend on the short term and then buy orders can take place as soon as you can see clear signals on both awesome oscillator and stostatic .
[img]https://charts.mql5.com/5/156/cadchf-h1-*********-lp.png[/img]
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http://prntscr.com/40hn0a
analysis for today 7 / 8 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle CADCHFon the date 7 / 7 / 2014
OPEN 0.8396
HIGH 0.8404
LOW 0.8357
CLOSED 0.8359
The third resistance (R3) 0.8404 -( 0.8373 - 0.8357 = 0.0016 x 2 = 0.0033 )= 0.8437
The second Resistance (R2) 0.8373 + 0.8404 - 0.8357 = 0.8420
First resistance (R1) 0.8373 x 2 = 1.6747 - 0.8357 = 0.8390
pivot points 0.8404 + 0.8357 + 0.8359 = 2.5120 / 3 = 0.8373
Support for the first (S1) 0.8373 x 2 = 1.6747 - 0.8404 = 0.8343
Support second (S2) 0.8373 -( 0.8404 - 0.8357 = 0.0047 ) = 0.8326
Third Support (S3) 0.8357 -( 0.8404 - 0.8373 = 0.0031 x 2 = 0.0061 )= 0.8296
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http://prntscr.com/40neow
analysis for today 7 / 8 / 2014
CAD/CHF (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 0.8358
Retracement (50%) 0.8358
retracement (61,8%) 0.8358
Extensions (61.8%) 0.8360
Extensions (100.0%) 0.8361
Extensions (138.2%) 0.8362
Extensions (161.8%) 0.8362
calculation based on a Fibonacci retracement then today I choose sell
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By analyzing the CADCHF we can but a bearish chanel to limit the movement of the market inti two trend lines .
The price is moving at the lower edge of the donchin channel so you may think about buying as long as there is no opposite signs appear on the Awesome oscillator .
The Awesome oscillator has a green bar appears below the level of 0 and it is considered a good buy signal .
Also the stostatic indicator shows buy signal by showing up intersection between the two lines near the 20 th level .
Till this moment bullish trend is the choise and also buying targeting the upper edge of the donchin channel is not a bad idea at all .
http://img840.imageshack.us/img840/7976/6ll.png