Cad/Chf

By using the CADCHF hour chart we can have bullish channel and a yellow color of the moving average that means the price is falling up for the current period.
the price will keep falling up till it reach the first daily pivot resistance at the price of 0.8392 as The market opened at a higher values than the daily pivot point at 0.8406 and that only we didn't have any opposite downward signals from the WPR indicator.
For the day we can keep buying till the next resistance at 0.8421 as it is a very strong resistance level.
http://bigimage.cz/photos/20010101978324750426049.gif

A bullish trend seems to be taking place today on the CADCHF pair and that’s according to the green color shown by the Super trend indicator determining by that the main market direction.
A buy signal is indicated from the Nonlog dot indicator and that is by giving us a blue colored dot.
I prefer to wait for the Nonlog indicator till it shows a confirmation then i do think that the buy trades would be taking place more frequently since the signals are currently showing us a strong bullish trend.
For the exit plan I think waiting for the price to hit the support 0.08385 would be the best choice or we can always wait for the super trend to change its color to red either way that can only mean that the bullish trend is over and we should be ready for the price to be heading for the opposite direction .
http://bigimage.cz/photos/20010101978335535177107.gif .

While monitoring the CADCHF Chart for today we can see the fall of the price taking place as it hits the Bollinger band indicator’s up edge.
On the volume indicator we can notice that it’s having a value of 101 which can be indicated as low market volume.
I presume that the price would be heading downward after facing a strong pivot level and as a result setting the level 0.8368 as the upcoming support facing the price for the take profit however the level 0.8353 support in order.
As for the stop loss I think the level 0.8416 would do the trick if the price headed up .
As for the CCI I do think it should be used to confirm entry points only and not to be used as primary indicator .
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The up trend taking place at the moment on the CADCHF is taking place according to where the EMAs 5 and 6 which is Above the EMA 35 as a result to that taking buy orders would be the best if a bullish 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 above the 0 level it does give us a buy signal.
Also the CCI line is currently in the Higher level giving us by that a upward signal.
So to sum all that up I do believe that unless any bearish signal do appear buying would be the best option available at the moment.
http://bigimage.cz/photos/20010101978335286156105.gif .

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 high 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/20010101978338858154673.gif .

Daily forecast: CADCHF 20 Oct. 2014.

Technical analysis for Daily forecast of CADCHF 20 October, 2014. In Daily chart CADCHF is flat. At present CADCHF little bit below from the pivot point. It is important to break support or resistance levels to identify the trend. Previous record shows CADCHF buy from the 2nd support level.

Pivot: 0.84118

Resistance levels

R1 0.83988
R2 0.84118
R3 0.83988
R4 0.83857

Support levels

S1 0.83988
S2 0.84118
S3 0.83988
S4 0.83857
Attachment 11927

In the case of breaking the support level at 0.8365 than we can get in short position with take profit at 0.8314.
http://i.imgur.com/J8JXdwo.png

By analyzing the CADCHF we can but a bullish 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/20010102978393679205265.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 .

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 0.8405 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 0.8335 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/20010102978393903156294.gif .