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For today's analysis on the CADCHF since we can see that the price located above the level 0.8542 colored in grey which can be considered a support point according on the MBFX indicator.
On the other hand the vestro indicator is showing us a bearish saturation as its last signal.
up in this situation targeting the next MBFX level located at the resistance of the price 0.8558 which could be our primary buying target and if it kept going on the same pace then the resistance located at 0.8575 could be considered as our secondary target but in case the price breaks the level 0.8532 then this would be the time to start thinking about selling orders as the price will stop heading up http://bigimage.cz/photos/20141118141629486117455.gif
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analysis for today 11 / 19 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle CADCHFon the date 11 / 18 / 2014
OPEN 0.8528
HIGH 0.8546
LOW 0.8460
CLOSED 0.8478
The third resistance (R3) 0.8546 -( 0.8495 - 0.8460 = 0.0035 x 2 = 0.0069 )= 0.8615
The second Resistance (R2) 0.8495 + 0.8546 - 0.8460 = 0.8581
First resistance (R1) 0.8495 x 2 = 1.6989 - 0.8460 = 0.8529
pivot points 0.8546 + 0.8460 + 0.8478 = 2.5484 / 3 = 0.8495
Support for the first (S1) 0.8495 x 2 = 1.6989 - 0.8546 = 0.8443
Support second (S2) 0.8495 -( 0.8546 - 0.8460 = 0.0086 ) = 0.8409
Third Support (S3) 0.8460 -( 0.8546 - 0.8495 = 0.0051 x 2 = 0.0103 )= 0.8357
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the CADCHF pair have a up channel as you can mention on the chart then thinking about an bullish direction on the few coming hours is strongly .
By the current time the price hits the recommended lower edge of the Donchin Channel indicator alerting for a good chance for north movement.
Another signal is given by the awesome indicator as the price keeps below the zero's level and showing green color which could be recognized as a good buy signal.
Finally I can see the signal of bearish direction on the stostatic according to the last sell intersection between the two lines near the 20 Th level.
Waiting a confirmation of buying direction form awesome indicator is a wise but in the same time the current situation could encourage the buy trades as long as the price didn't reach the high edge of Donchin channel http://bigimage.cz/photos/20141119141637851620248.gif
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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 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/20141119141637859175532.gif
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A new bearish trend is starting to take place on the CADCHF according to the MA indicator which changed to Red color and at the same time the candles started turning to the red color which confirms the direction of the trend.
The bearish trend's strength is shown by the BB MACD indicator signal where the Red dots are currently stationed below the zero level.
In the end I think sell trades would work greatly since the bearish direction is gaining in strength targeting by the support located at the level 0.8455 as long as it remains strong and keeps its position below the level 0.8485 which is a resistance level at the moment .
http://bigimage.cz/photos/20141119141637993716715.gif
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The daily forecasting for EURCAD pair according to the signals appears on the Henkin Ashi which shows a red candles associated with up direction arrow then it is clear that we may have a bullish trend for the coming day.
On taking a look on the T3-Clean and the Snake indicators then you can indicate a buy signal by having a buy cross on them.
For more confirmation on the upward you can get the blue signal appears on the trend session indicator.
resistance located at the level 1.4195 have a good chance to stop the buy trend then closing buy position before it could be a wise decision.
http://bigimage.cz/photos/20141119141638072829179.gif
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On the CADCHF a bearish cross is currently taking place between the 9 and the 152 EMAs indicating by that the possibility that the price will be heading south soon.
After monitoring the histogram indicator we can notice that a red line is starting to take shape forming by that a bearish signal for the pair by being located under the 0 histogram level.
As for the market emotion indicator which is giving us a red line meaning by that that the price will be starting to fall to reach lower prices.
On the guru angle indicator we can notice that the slope is currently moving below the 0 level colored as red indicating by that a bearish direction now.
Clearly we can see that the price might be heading south in order to test the next support located at the price 0.841 that's why I do recommend that as long as the indicators keep showing the same signals we should go with sell orders.
http://bigimage.cz/photos/20141119141638183162185.gif
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As you can see on the CADCHF chart in front of us the blue line’s position in the moment indicator is below the red line which means a good selling signal should be occurring.
also the yellow color shown in the oracle strength indicator means that a upwards direction signal is going to take place.
The oracle direction indicator could serve as a filtering tool with the red colors shown on the arrows meaning that a downward signal would be taking place in short term trades.
Summing all that up in my opinion I do think that the trend would be taking a downward direction but that can only happen if the moment sell cross was taking place on the chart And as long as the ATR indicator keeps showing selling signals then without doubt the sell trades would be a better choice for entry.
http://bigimage.cz/photos/20141119141638293864950.gif
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On the CADCHF chart you can see a bearish trend due to the red color of the super trend and it is the main indicator to know the price movement direction.
The Nonlong dot is colored in blue and that is an indication for a buy signal.
The signals now are showing a weak bearish trend also the sell trades can take place as soon as the Nonlog indicator has changes to confirm the new direction.
When we talk to the stop loss area we can think about two ways to end first if the price reaches the resistance of 0.848 and the second when the super trend changes its color to green that means that the bearish trend has ended .
http://bigimage.cz/photos/20141119141638292880067.gif
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For today's analysis on the CADCHF since we can see that the price located above the level 0.846 colored in blue which can be considered a balanced point according on the MBFX indicator.
On the other hand the vestro indicator is showing us a bullish saturation as its last signal.
up in this situation targeting the next MBFX level located at the resistance of the price 0.8479 which could be our primary buying target and if it kept going on the same pace then the resistance located at 0.8491 could be considered as our secondary target but in case the price breaks the level 0.8441 then this would be the time to start thinking about selling orders as the price will stop heading up http://bigimage.cz/photos/20141119141638369429240.gif