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Daily forecast: CADCHF 06 Nov. 2014.
Technical analysis for Daily forecast of CADCHF 06 November, 2014. In Daily chart CADCHF is flat. At present CADCHF on the pivot point. It is important to break support or resistance levels to identify the trend.
Pivot: 0.84445
Resistance levels
R1 0.84914
R2 0.85205
R3 0.85674
R4 0.86143
Support levels
S1 0.84154
S2 0.83685
S3 0.83394
S4 0.83103
Attachment 12289
pair- cad/chf
analysis time frame- m30
http://i57.tinypic.com/sbk8dt.jpg
the price is making strong up movement from the support at 0.8416 level. the parabolic sar is also showing up movement but the rsi movement is lower side. the price may be make a pull up setup so hold the long entry with stop loss at 0.8440 and take profit at 0.8525
good luck.
http://prntscr.com/53uf1z
analysis for today 11 / 6 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle CADCHFon the date 11 / 5 / 2014
OPEN 0.8463
HIGH 0.8519
LOW 0.8423
CLOSED 0.8515
The third resistance (R3) 0.8519 -( 0.8486 - 0.8423 = 0.0063 x 2 = 0.0125 )= 0.8644
The second Resistance (R2) 0.8486 + 0.8519 - 0.8423 = 0.8582
First resistance (R1) 0.8486 x 2 = 1.6971 - 0.8423 = 0.8548
pivot points 0.8519 + 0.8423 + 0.8515 = 2.5457 / 3 = 0.8486
Support for the first (S1) 0.8486 x 2 = 1.6971 - 0.8519 = 0.8452
Support second (S2) 0.8486 -( 0.8519 - 0.8423 = 0.0096 ) = 0.8390
Third Support (S3) 0.8423 -( 0.8519 - 0.8486 = 0.0033 x 2 = 0.0067 )= 0.8356
Daily forecast: CADCHF 07 Nov. 2014.
Technical analysis for Daily forecast of CADCHF 07 November, 2014. In Daily chart CADCHF is flat. At present CADCHF on the pivot point. It is important to break support or resistance levels to identify the trend. Previous record shows CADCHF buy near from the 2nd support level.
Pivot: 0.84855
Resistance levels
R1 0.85482
R2 0.85818
R3 0.86445
R4 0.87071
Support levels
S1 0.84519
S2 0.83892
S3 0.83556
S4 0.83219
Attachment 12323
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 0.8454 which is considered a strong support and also a weekly pivot point that of course until it hits the resistance at level 0.8606 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 0.8454 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 0.8364 which is the pivot level of the current week.
http://bigimage.cz/photos/20010119979917573319607.gif .
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 0.8421 which is considered a strong support and also a weekly pivot point that of course until it hits the resistance at level 0.8602 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 0.8421 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 0.8318 which is the pivot level of the current week.
http://bigimage.cz/photos/20010122980126798307579.gif .
http://prntscr.com/54uvut
analysis for today 11 / 10 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle CADCHFon the date 11 / 7 / 2014
OPEN 0.8514
HIGH 0.8559
LOW 0.8480
CLOSED 0.8521
The third resistance (R3) 0.8559 -( 0.8520 - 0.8480 = 0.0040 x 2 = 0.0080 )= 0.8639
The second Resistance (R2) 0.8520 + 0.8559 - 0.8480 = 0.8599
First resistance (R1) 0.8520 x 2 = 1.7040 - 0.8480 = 0.8560
pivot points 0.8559 + 0.8480 + 0.8521 = 2.5560 / 3 = 0.8520
Support for the first (S1) 0.8520 x 2 = 1.7040 - 0.8559 = 0.8481
Support second (S2) 0.8520 -( 0.8559 - 0.8480 = 0.0079 ) = 0.8441
Third Support (S3) 0.8480 -( 0.8559 - 0.8520 = 0.0039 x 2 = 0.0078 )= 0.8402
http://prntscr.com/557hi4
analysis for today 11 / 11 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle CADCHFon the date 11 / 10 / 2014
OPEN 0.8513
HIGH 0.8540
LOW 0.8499
CLOSED 0.8503
The third resistance (R3) 0.8540 -( 0.8514 - 0.8499 = 0.0015 x 2 = 0.0030 )= 0.8570
The second Resistance (R2) 0.8514 + 0.8540 - 0.8499 = 0.8555
First resistance (R1) 0.8514 x 2 = 1.7028 - 0.8499 = 0.8529
pivot points 0.8540 + 0.8499 + 0.8503 = 2.5542 / 3 = 0.8514
Support for the first (S1) 0.8514 x 2 = 1.7028 - 0.8540 = 0.8488
Support second (S2) 0.8514 -( 0.8540 - 0.8499 = 0.0041 ) = 0.8473
Third Support (S3) 0.8499 -( 0.8540 - 0.8514 = 0.0026 x 2 = 0.0052 )= 0.8447
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 0.8421 which is considered a strong support and also a weekly pivot point that of course until it hits the resistance at level 0.8602 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 0.8421 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 0.8318 which is the pivot level of the current week.
http://bigimage.cz/photos/20010124980295676127237.gif .
http://prntscr.com/55io7r
analysis for today 11 / 12 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle CADCHFon the date 11 / 11 / 2014
OPEN 0.8503
HIGH 0.8535
LOW 0.8491
CLOSED 0.8504
The third resistance (R3) 0.8535 -( 0.8510 - 0.8491 = 0.0019 x 2 = 0.0038 )= 0.8573
The second Resistance (R2) 0.8510 + 0.8535 - 0.8491 = 0.8554
First resistance (R1) 0.8510 x 2 = 1.7020 - 0.8491 = 0.8529
pivot points 0.8535 + 0.8491 + 0.8504 = 2.5530 / 3 = 0.8510
Support for the first (S1) 0.8510 x 2 = 1.7020 - 0.8535 = 0.8485
Support second (S2) 0.8510 -( 0.8535 - 0.8491 = 0.0044 ) = 0.8466
Third Support (S3) 0.8491 -( 0.8535 - 0.8510 = 0.0025 x 2 = 0.0050 )= 0.8441