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pair- cad/chf
analysis time frame- m30
http://i61.tinypic.com/saxo34.jpg
the price has been break the daily support level two at 0.8454 but the rsi is at the oversold level and moving out from level 30. the price is may correction side but if break the resistance at 0.8465 then long with takeprofit at 0.8520 and stop loss at the 0.8412
good luck
http://www6.0zz0.com/2014/10/27/23/529008304.png
cci(14) : -140.28
bulls (13) : -0.001
i see the in pair down trend
so i will sell from : 0.8438
and my target today is : 0.8338
good luck
As you can all realize there is a downward trend taking place on the CADCHF pair indicated by the red dots appearing on the bars the price may keep going south so long it stays lower than the level 0.8539 which is considered a strong resistance and also a weekly pivot point that of course until it hits the support at level 0.8368 which is also a weekly pivot point.
But there is another possibility that might yet take place and that is if the price broke the resistance 0.8539 and got itself a bullish signal via the blue dots in this case I do think that the price will be heading north till it hits the resistance 0.8612 which is the pivot level of the current week.
http://bigimage.cz/photos/20010109979000334640652.gif .
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 below the candles we assume that the price would be taking a upward 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 Higher level giving us by that a upward 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/20010109979027044258839.gif .
A bearish trend seems to be taking place today on the CADCHF pair and that’s according to the red 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 sell trades would be taking place more frequently since the signals are currently showing us a strong bearish trend.
For the exit plan I think waiting for the price to hit the resistance 0.844 would be the best choice or we can always wait for the super trend to change its color to green either way that can only mean that the bearish trend is over and we should be ready for the price to be heading for the opposite direction .
http://bigimage.cz/photos/20010109979027424566021.gif .
There is a great chance for a bullish trend to be taking place today on the CADCHF chart and that is according to the price which is currently located on a upper level than the EMA 15 line.
According to the power momentum indicator a low power of the bullish trend is shown and also it can be used as a filter for the entering the buy 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/20010109979030569874054.gif .
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/20010109979032055207380.gif .
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/20010109979032482105612.gif
Based on the hourly chart of the blade oscillator the CADCHF is having a week bullish trend by locating at 0.0004 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 0.8442 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/20010109979033593139016.gif
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analysis for today 10 / 28 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle CADCHFon the date 10 / 27 / 2014
OPEN 0.8467
HIGH 0.8467
LOW 0.8426
CLOSED 0.8438
The third resistance (R3) 0.8467 -( 0.8444 - 0.8426 = 0.0018 x 2 = 0.0035 )= 0.8502
The second Resistance (R2) 0.8444 + 0.8467 - 0.8426 = 0.8485
First resistance (R1) 0.8444 x 2 = 1.6887 - 0.8426 = 0.8461
pivot points 0.8467 + 0.8426 + 0.8438 = 2.5331 / 3 = 0.8444
Support for the first (S1) 0.8444 x 2 = 1.6887 - 0.8467 = 0.8420
Support second (S2) 0.8444 -( 0.8467 - 0.8426 = 0.0041 ) = 0.8403
Third Support (S3) 0.8426 -( 0.8467 - 0.8444 = 0.0023 x 2 = 0.0047 )= 0.8379