The support level at 0.8425 will make the price rise to the resistance level at 0.8471, that's why I advise you to open a buy deal.
http://i.imgur.com/Fx8gPHR.png
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The support level at 0.8425 will make the price rise to the resistance level at 0.8471, that's why I advise you to open a buy deal.
http://i.imgur.com/Fx8gPHR.png
http://prntscr.com/50mujl
analysis for today 10 / 28 / 2014
CAD/CHF (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 0.8433
Retracement (50%) 0.8432
retracement (61,8%) 0.8431
Extensions (61.8%) 0.8445
Extensions (100.0%) 0.8450
Extensions (138.2%) 0.8455
Extensions (161.8%) 0.8457
calculation based on a Fibonacci retracement then today I choose sell
As you can all realize there is a upward trend taking place on the CADCHF pair indicated by the blue dots appearing on the bars the price may keep going north so long it stays lower than the level 0.8368 which is considered a strong support and also a weekly pivot point that of course until it hits the resistance at level 0.8539 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 support 0.8368 and got itself a bearish signal via the red dots in this case I do think that the price will be heading south till it hits the support 0.827 which is the pivot level of the current week.
http://bigimage.cz/photos/20010109979080915836459.gif .
Daily forecast: CADCHF 29 Oct. 2014.
Technical analysis for Daily forecast of CADCHF 29 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 0.85835.
Pivot: 0.84604
Resistance levels
R1 0.84954
R2 0.85135
R3 0.85485
R4 0.85835
Support levels
S1 0.84423
S2 0.84073
S3 0.83892
S4 0.83711
Attachment 12067
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/20010110979113292139853.gif .
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analysis for today 10 / 29 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle CADCHFon the date 10 / 28 / 2014
OPEN 0.8437
HIGH 0.8479
LOW 0.8425
CLOSED 0.8477
The third resistance (R3) 0.8479 -( 0.8460 - 0.8425 = 0.0035 x 2 = 0.0071 )= 0.8550
The second Resistance (R2) 0.8460 + 0.8479 - 0.8425 = 0.8514
First resistance (R1) 0.8460 x 2 = 1.6921 - 0.8425 = 0.8496
pivot points 0.8479 + 0.8425 + 0.8477 = 2.5381 / 3 = 0.8460
Support for the first (S1) 0.8460 x 2 = 1.6921 - 0.8479 = 0.8442
Support second (S2) 0.8460 -( 0.8479 - 0.8425 = 0.0054 ) = 0.8406
Third Support (S3) 0.8425 -( 0.8479 - 0.8460 = 0.0019 x 2 = 0.0037 )= 0.8388
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/20010110979115084794847.gif .
Consolidation from 1.2500 is going to extend, possibly with another rise. Break of 1.2886 cannot be ruled out. But upside should be limited by 1.2994 to bring reversal. Larger decline is still expected to resume later. Below 1.2613 minor support will turn bias to the downside for 1.2500. Break of 1.2500 will extend the larger fall from 1.3993 for 1.2042 low next. Nonetheless, break of 1.2994 will bring lengthier consolidation above 1.2500 before staging another fall.
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 above the 50 level giving us a good upward direction signal as a result.
http://bigimage.cz/photos/20010110979115944154650.gif .
Based on the hourly chart of the blade oscillator the CADCHF is having a week bullish trend by locating at 0.0006 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 0.8477 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/20010110979116680180841.gif