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http://prntscr.com/4u38fs
analysis for today 10 / 8 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle CADCHFon the date 10 / 7 / 2014
OPEN 0.8604
HIGH 0.8616
LOW 0.8555
CLOSED 0.8558
The third resistance (R3) 0.8616 -( 0.8576 - 0.8555 = 0.0021 x 2 = 0.0043 )= 0.8659
The second Resistance (R2) 0.8576 + 0.8616 - 0.8555 = 0.8637
First resistance (R1) 0.8576 x 2 = 1.7153 - 0.8555 = 0.8598
pivot points 0.8616 + 0.8555 + 0.8558 = 2.5729 / 3 = 0.8576
Support for the first (S1) 0.8576 x 2 = 1.7153 - 0.8616 = 0.8537
Support second (S2) 0.8576 -( 0.8616 - 0.8555 = 0.0061 ) = 0.8515
Third Support (S3) 0.8555 -( 0.8616 - 0.8576 = 0.0040 x 2 = 0.0079 )= 0.8476
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http://prntscr.com/4u7uod
analysis for today 10 / 8 / 2014
CAD/CHF (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 0.8557
Retracement (50%) 0.8557
retracement (61,8%) 0.8556
Extensions (61.8%) 0.8560
Extensions (100.0%) 0.8561
Extensions (138.2%) 0.8562
Extensions (161.8%) 0.8563
calculation based on a Fibonacci retracement then today I choose sell
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As we can see a red arrow is taking place on the CADCHF chart which indicates that a bearish trend is taking place at the moment.
A top located at 0.8605 is supporting the trend for it is a very strong resistance and if the bearish trend is still strong then the price shouldn't be able to go above it.
The dots from the parabolic sar indicators are shown below the candles which gives a sign of where the price will be heading which is up in this case.
The support 0.8555 would be a great place to act as closing positions if we are to be making selling trades since the price might be heading north after hitting it http://bigimage.cz/photos/20141009141281671109034.gif .
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Today on the CADCHF chart we can see that the price is moving above EMA indicator’s taking a bullish direction We can also see that the RSI indicator is giving us a buy signal according to the position of the line which is currently above the center line of 35 We can also use the data from the MACD indicator to determine like in the case that the bulls are the ones controlling the market in the current period and that’s because of the green lines heading up in my opinion I do think that the going with the bulls for the current day would be wise but that would be until the price gets below the EMA indicator wave creating by that a new sell signal .
http://bigimage.cz/photos/20141009141282320684427.gif .
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Based on the hourly chart of the blade oscillator the CADCHF is having a week bullish trend by locating at 0.0006 above the level of balance and the indicator is red colored that means there is a week bullish move will happen in a short time . By using moving average 5 we will notice a UP slope so 0.8572 could be considered a good stop loss for if there were buy positions as it is considered the last bottom by using the indicators signals. http://bigimage.cz/photos/20141009141282491618864.gif
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On the CADCHF chart the momentum indicator shows clearly a cross as the blue line goes above the red line to make a good buy signal for the current time The Oracle Strength indicator shows a yellow color and that indicates a upward direction on the CADCHF chart To be more accurate you can see the blue colored arrows which mean that there is a upward signal for now on the Oracle direction indicator From all the data from the indicators above and as long as the momentum indicator shows a buy cross the upward trend is shown on the chart and my advice is to go for the buy trades as long as the ATR indicator shows a buy signals.
http://bigimage.cz/photos/20141009141282827200271.gif .
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http://prntscr.com/4ufjpr
analysis for today 10 / 9 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle CADCHFon the date 10 / 8 / 2014
OPEN 0.8557
HIGH 0.8582
LOW 0.8531
CLOSED 0.8563
The third resistance (R3) 0.8582 -( 0.8559 - 0.8531 = 0.0028 x 2 = 0.0055 )= 0.8637
The second Resistance (R2) 0.8559 + 0.8582 - 0.8531 = 0.8610
First resistance (R1) 0.8559 x 2 = 1.7117 - 0.8531 = 0.8586
pivot points 0.8582 + 0.8531 + 0.8563 = 2.5676 / 3 = 0.8559
Support for the first (S1) 0.8559 x 2 = 1.7117 - 0.8582 = 0.8535
Support second (S2) 0.8559 -( 0.8582 - 0.8531 = 0.0051 ) = 0.8508
Third Support (S3) 0.8531 -( 0.8582 - 0.8559 = 0.0023 x 2 = 0.0047 )= 0.8484
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On the CADCHF chart the momentum indicator shows clearly a cross as the blue line goes below the red line to make a good sell signal for the current time The Oracle Strength indicator shows a red color and that indicates a downward direction on the CADCHF chart To be more accurate you can see the red colored arrows which mean that there is a downward signal for now on the Oracle direction indicator From all the data from the indicators above and as long as the momentum indicator shows a sell cross the downward trend is shown on the chart and my advice is to go for the sell trades as long as the ATR indicator shows a sell signals.
http://bigimage.cz/photos/20141010141290106117109.gif .
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Today’s price direction on the Pair is moving upward on the Gann SSI indicator giving us a GANN SSl color as well which means that a up trend would be taking place.
As long as the support at the price support is not broken by the price then buy orders would be the best solution for today.
We should give the signals from the Range indicator more attention since it’s giving a buy signal because of the Range colored range currently there.
Also the filter indicator’s signals should be treated with care for it is of great importance for our analysis which is currently informing us according to the Filter bar shown that we should wait for it to confirm the buy entry.
NZDCHF .
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Today on the CADCHF chart we can see that the price is moving below EMA indicator’s taking a bearish direction We can also see that the RSI indicator is giving us a sell signal according to the position of the line which is currently below the center line of 35 We can also use the data from the MACD indicator to determine like in the case that the bears are the ones controlling the market in the current period and that’s because of the green lines heading down in my opinion I do think that the going with the bears for the current day would be wise but that would be until the price gets over the EMA indicator wave creating by that a new buy signal .
http://bigimage.cz/photos/20141010141290597425381.gif .