Cad/Chf

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 0.8465 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 0.8505 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/20010105978654131349155.gif .

Based on the hourly chart of the blade oscillator the CADCHF is having a week bullish trend by locating at 0.0007 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 0.8493 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/20010105978655792201456.gif

After taking a quick look on the chart of CADCHF first thing you have a good buy signal on the Henkin Ashi and up arrow on the chart In the same time a buy signal occurs on the trend session indicator by showing a blue bar at the last candle In additional to a buy cross taking a place on the trend following indicators Snake and T3-Clean which may be a good signal to open a buy possitions at any good place If you decided to buy you should keep an eye on the level 0.8541 as the price bounced from it the last time then you can consider it asa your first resistance to close your order once hitting it http://bigimage.cz/photos/20010105978653975560516.gif

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 upper edge of the donchin channel so you may think about selling 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 buy signal by showing up intersection between the two lines near the 80 th level Till this moment bearish trend is the choise and also selling targeting the lower edge of the donchin channel is not a bad idea at all http://bigimage.cz/photos/20010105978653134185635.gif

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 upper edge of the donchin channel so you may think about selling 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 buy signal by showing up intersection between the two lines near the 80 th level Till this moment bearish trend is the choise and also selling targeting the lower edge of the donchin channel is not a bad idea at all http://bigimage.cz/photos/20010105978653134185635.gif

The ZigZag indicator is drawing a top on the CADCHF chart which means that there is a very good chance for the price to move downward 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 downward direction is most likely to take place when the price crosses the level 0.8475 support which is represented by the blue dots and it is preferred to wait the 2 SMA indicators to give a sell cross and then it will be the best time to enter a sell trades If the price goes for the opposite direction upward direction the stoploss at resistance 0.8495 would be the best choice for now .
http://bigimage.cz/photos/20010105978662443112157.gif

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 below the candles we assume that the price would be taking a upward 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/20010105978680588175280.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 sell signal is indicated from the Nonlog dot indicator and that is by giving us a red 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 0.8473 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/20010104978598121985471.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 0.845 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 0.8515 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/20010105978663219133471.gif .

Daily forecast: CADCHF 24 Oct. 2014.

Technical analysis for Daily forecast of CADCHF 24 October, 2014. In Daily chart CADCHF shows bullish trend. At present CADCHF above the pivot point and going towards the 1st resistance level. If 1st resistance level breaks then next strong resistance level is 0.85644.

Pivot: 0.84823

Resistance levels

R1 0.85049
R2 0.85191
R3 0.85417
R4 0.85644

Support levels

S1 0.84681
S2 0.84455
S3 0.84313
S4 0.84172
Attachment 11984