http://i60.tinypic.com/2zew4cg.jpg
Pair: NZDCHF
Type of analysis: Technical
Time frame: H1
Channel line: Bullish above pivot
Fibonacci Indicator: Bullish retracement
William %R Indicator: Bullish (double bottom)
Final decision: Bullish
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http://i60.tinypic.com/2zew4cg.jpg
Pair: NZDCHF
Type of analysis: Technical
Time frame: H1
Channel line: Bullish above pivot
Fibonacci Indicator: Bullish retracement
William %R Indicator: Bullish (double bottom)
Final decision: Bullish
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analysis for today 10 / 15 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle NZDCHF on the date 10 / 14 / 2014
OPEN 0.7476
HIGH 0.7515
LOW 0.7459
CLOSED 0.7475
The third resistance (R3) 0.7515 -( 0.7483 - 0.7459 = 0.0024 x 2 = 0.0048 )= 0.7563
The second Resistance (R2) 0.7483 + 0.7515 - 0.7459 = 0.7539
First resistance (R1) 0.7483 x 2 = 1.4966 - 0.7459 = 0.7507
pivot points 0.7515 + 0.7459 + 0.7475 = 2.2449 / 3 = 0.7483
Support for the first (S1) 0.7483 x 2 = 1.4966 - 0.7515 = 0.7451
Support second (S2) 0.7483 -( 0.7515 - 0.7459 = 0.0056 ) = 0.7427
Third Support (S3) 0.7459 -( 0.7515 - 0.7483 = 0.0032 x 2 = 0.0064 )= 0.7395
pair- nzd/chf
analysis time frame- m15
http://i60.tinypic.com/tahobd.jpg
the price is moving in the channel pattern with resistance at 0.7495 and the support at 0.7460 level. if this is break resistance then up movement will hold at the higher resistance at 0.7515. the rsi is also moving to the level 70 side so long with stop loss at 0.745
good luck
Monitoring the NZDCHF chart today I realized that a bullish trend is taking place and that’s because of the green arrow shown on the chart also the price 0.7465 which is considered a top is a matter of fact the strong support preventing the price from penetrating it and heading below it and that is of course if the trend kept heading strongly in the bullish direction.
The parabolic sar dots however is currently appearing below the candle sticks meaning the price would be heading up for quite some time.
If we are to be taking buying trades as the main trades then the resistance 0.751 would be the best as initial taking profit position and also there is a great chance for the price to head south after reaching it.
http://bigimage.cz/photos/20141015141340954224460.gif .
Since the price is above the EMA indicator signal on the NZDCHF chart i do think that the price would be forming a bullish trend for the rest of the day.
The RSI indicator however shows a buy signal because of the line which currently reside a position above the 35 line.
For more confirmation i believe that the green lines which are going up would tell us that the bulls are the ones controlling the market at the moment and it would be wise to take that into consideration.
Summing all that up the bulls would be a really good choice for us to follow but that of course until we face an opposite sell signal to get out of the trade that of course when the price becomes located below the wave in the EMA indicator.
http://bigimage.cz/photos/20141016141341207111120.gif .
On the NZDCHF chart for today the price appears to move in upward trend as a blue dots appear below the bars and as the price still higher than the strong resistance of 0.7428 which is also the weekly pivot point and it is likely for the price to keep going north unless it hit the weekly pivot resistance at 0.7532 On the other hand if the price breaks the 0.7428 support and also get a bearish signals by a red colored dots it is expected to keep going south till the 0.7385 support as the next weekly pivot level.
http://bigimage.cz/photos/20141016141341517613295.gif .
On the chart of the USDCHF there is a main up trend signal as the 2 EMA 5 and 6 are moving Above the slow EMA of 35 and if the other indicators confirm a bullish direction then i will go for buy positions.
For the Parabolic sar indicator there a dot below the candles that indicates a upward direction in addition to that we can see a buy signal on the MACD indicator that is moving above the level 0 beside that the CCI line is located at the Higher level to perform a upward signal.
As a conclusion and according to the EMA locations buy positions are my choice for today unless the price shows an opposite bearish signals.
http://bigimage.cz/photos/20141016141343863126468.gif .
http://i62.tinypic.com/69nmol.jpg
Pair: NZDCHF
Type of analysis: Technical
Time frame: H1
Channel line: Bullish above pivot
Fibonacci Indicator: Bearish retracement
William %R Indicator: Bearish (double top)
Final decision: Bearish
http://prntscr.com/4wmuic
analysis for today 10 / 16 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle NZDCHF on the date 10 / 15 / 2014
OPEN 0.7474
HIGH 0.7525
LOW 0.7459
CLOSED 0.7503
The third resistance (R3) 0.7525 -( 0.7496 - 0.7459 = 0.0037 x 2 = 0.0073 )= 0.7598
The second Resistance (R2) 0.7496 + 0.7525 - 0.7459 = 0.7562
First resistance (R1) 0.7496 x 2 = 1.4991 - 0.7459 = 0.7532
pivot points 0.7525 + 0.7459 + 0.7503 = 2.2487 / 3 = 0.7496
Support for the first (S1) 0.7496 x 2 = 1.4991 - 0.7525 = 0.7466
Support second (S2) 0.7496 -( 0.7525 - 0.7459 = 0.0066 ) = 0.7430
Third Support (S3) 0.7459 -( 0.7525 - 0.7496 = 0.0029 x 2 = 0.0059 )= 0.7400
Today on the NZDCHF hourly chart there is a good selling signal appears as the price has a Red color arrow as the final signal to show by the EMA crossover indicator that is using 2 exponential moving averages with different shifts and we can see the red line crossing below the blue one to create a sell signal.
Also the same is happening on the QQE indicator that we can see it below the chart where we can find the lines Below the fifty levels and showing a Sell cross.
We can sell by targeting the 0.7445 area as a support or till we get a new buy cross by the 2 exponential moving averages.
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http://bigimage.cz/photos/20141016141344942198431.gif