-
http://prntscr.com/4wyxyg
analysis for today 10 / 17 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle CADCHFon the date 10 / 16 / 2014
OPEN 0.8349
HIGH 0.8388
LOW 0.8314
CLOSED 0.8367
The third resistance (R3) 0.8388 -( 0.8356 - 0.8314 = 0.0042 x 2 = 0.0085 )= 0.8473
The second Resistance (R2) 0.8356 + 0.8388 - 0.8314 = 0.8430
First resistance (R1) 0.8356 x 2 = 1.6713 - 0.8314 = 0.8399
pivot points 0.8388 + 0.8314 + 0.8367 = 2.5069 / 3 = 0.8356
Support for the first (S1) 0.8356 x 2 = 1.6713 - 0.8388 = 0.8325
Support second (S2) 0.8356 -( 0.8388 - 0.8314 = 0.0074 ) = 0.8282
Third Support (S3) 0.8314 -( 0.8388 - 0.8356 = 0.0032 x 2 = 0.0063 )= 0.8251
-
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 red bar appears above the level of 0 and it is considered a good sell signal Also the stostatic indicator shows sell signal by showing down 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/20010101978308476198802.gif
-
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 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 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://imagez.me/photos/20141019141375843479922.gif .
-
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 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 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/20010101978308423932485.gif .
-
As we can see a green arrow is taking place on the CADCHF chart which indicates that a bullish trend is taking place at the moment.
A bottom located at 0.8335 is supporting the trend for it is a very strong support and if the bullish trend is still strong then the price shouldn't be able to go below 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 resistance 0.8395 would be a great place to act as closing positions if we are to be making buying trades since the price might be heading south after hitting it http://bigimage.cz/photos/20141017141349908154187.gif .
-
Based on the hourly chart of the blade oscillator the CADCHF is having a week bullish trend by locating at 0.0008 above the level of balance and the indicator is blue 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 0.8388 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://imagez.me/photos/20141019141376053474786.gif
-
After taking a quick look on the chart of CADCHF first thing you have a good sell signal on the Henkin Ashi and down arrow on the chart In the same time a sell signal occurs on the trend session indicator by showing a red bar at the last candle In additional to a sell cross taking a place on the trend following indicators Snake and T3-Clean which may be a good signal to open a sell possitions at any good place If you decided to sell you should keep an eye on the level 0.8338 as the price bounced from it the last time then you can consider it asa your first support to close your order once hitting it http://bigimage.cz/photos/20010101978309407157007.gif
-
http://prntscr.com/4xvry8
analysis for today 10 / 20 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle CADCHFon the date 10 / 17 / 2014
OPEN 0.8368
HIGH 0.8425
LOW 0.8362
CLOSED 0.8386
The third resistance (R3) 0.8425 -( 0.8391 - 0.8362 = 0.0029 x 2 = 0.0058 )= 0.8483
The second Resistance (R2) 0.8391 + 0.8425 - 0.8362 = 0.8454
First resistance (R1) 0.8391 x 2 = 1.6782 - 0.8362 = 0.8420
pivot points 0.8425 + 0.8362 + 0.8386 = 2.5173 / 3 = 0.8391
Support for the first (S1) 0.8391 x 2 = 1.6782 - 0.8425 = 0.8357
Support second (S2) 0.8391 -( 0.8425 - 0.8362 = 0.0063 ) = 0.8328
Third Support (S3) 0.8362 -( 0.8425 - 0.8391 = 0.0034 x 2 = 0.0068 )= 0.8294
-
The ZigZag indicator is drawing a bottom on the CADCHF chart which means that there is a very good chance for the price to move upward in the next few hours Additionally the price for now is near the up edge of the Donchin band indicator which is means that it is having a hard time if it will move upward A upward direction is most likely to take place when the price crosses the level 0.8425 resistance which is represented by the red dots and it is preferred to wait the 2 SMA indicators to give a buy cross and then it will be the best time to enter a buy trades If the price goes for the opposite direction downward direction the stoploss at support 0.8375 would be the best choice for now .
http://bigimage.cz/photos/20010101978321150113899.gif
-
When we take a look on the chart of the CADCHF chart we can find that there is a down red arrow above the price and that indicates that a bearish trend is going to happen also the sell cross between the snake and T3_Clean assure that for us We can use the 0.8355 support as a take profit to cut down the losses if the price goes for the reverse direction or if the price reaches it and still going support in this case the price will keep selling and if the price started to go to the other direction i think that the resistance of 0.8425 can be considered as a good stop loss For now selling is the best choice as long as there are not any opposite buy signal or appearing of a blue up arrow http://bigimage.cz/photos/20010101978322685310350.gif .
