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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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The down trend taking place at the moment on the CADCHF is taking place according to where the EMAs 5 and 6 which is below the EMA 35 as a result to that taking sell orders would be the best if a bearish direction confirmation came from the other indicators.
According to the parabolic sar indicator’s dots located above the candles we assume that the price would be taking a downward direction as for the MACD which is currently moving below the 0 level it does give us a sell signal.
Also the CCI line is currently in the lower level giving us by that a downward signal.
So to sum all that up I do believe that unless any bullish signal do appear selling would be the best option available at the moment.
http://bigimage.cz/photos/20141013141318050366095.gif .
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http://i61.tinypic.com/4f04i.jpg
Pair: CADCHF
Type of analysis: Technical
Time frame: H1
Trendline: Bearish under pivot
Fibonacci Indicator: Bearish expansion
William %R Indicator: Bearish (swing high)
Final decision: Bearish
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analysis for today 10 / 13 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle CADCHFon the date 10 / 10 / 2014
OPEN 0.8527
HIGH 0.8571
LOW 0.8506
CLOSED 0.8542
The third resistance (R3) 0.8571 -( 0.8540 - 0.8506 = 0.0034 x 2 = 0.0067 )= 0.8638
The second Resistance (R2) 0.8540 + 0.8571 - 0.8506 = 0.8605
First resistance (R1) 0.8540 x 2 = 1.7079 - 0.8506 = 0.8573
pivot points 0.8571 + 0.8506 + 0.8542 = 2.5619 / 3 = 0.8540
Support for the first (S1) 0.8540 x 2 = 1.7079 - 0.8571 = 0.8508
Support second (S2) 0.8540 -( 0.8571 - 0.8506 = 0.0065 ) = 0.8475
Third Support (S3) 0.8506 -( 0.8571 - 0.8540 = 0.0031 x 2 = 0.0063 )= 0.8443
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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 yellow color and that indicates a upward 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/20141014141326294602297.gif .
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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://bigimage.cz/photos/20141014141326481189166.gif
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Based on the hourly chart of the blade oscillator the CADCHF is having a strong bearish trend by locating at 0.0006 below the level of balance and the indicator is red colored that means there is a strong bearish move will happen in a short time . By using moving average 5 we will notice a up slope so 0.8469 could be considered a good stop loss for if there were sell positions as it is considered the last top by using the indicators signals. http://bigimage.cz/photos/20141014141326457353769.gif
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The down trend taking place at the moment on the CADCHF is taking place according to where the EMAs 5 and 6 which is below the EMA 35 as a result to that taking sell orders would be the best if a bearish direction confirmation came from the other indicators.
According to the parabolic sar indicator’s dots located above the candles we assume that the price would be taking a downward direction as for the MACD which is currently moving below the 0 level it does give us a sell signal.
Also the CCI line is currently in the lower level giving us by that a downward signal.
So to sum all that up I do believe that unless any bullish signal do appear selling would be the best option available at the moment.
http://bigimage.cz/photos/20141014141326677952117.gif .
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There is a great chance for a bearish trend to be taking place today on the CADCHF chart and that is according to the price which is currently located on a lower level than the EMA 15 line.
According to the power momentum indicator a low power of the bearish trend is shown and also it can be used as a filter for the entering the sell positions.
For more confirmation we can use the power line indicator which is currently below the 50 level giving us a good downward direction signal as a result.
http://bigimage.cz/photos/20141014141326833205445.gif .
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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 0.8515 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 above the candles which gives a sign of where the price will be heading which is down in this case.
The support 0.8455 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/20141014141326803154603.gif .
