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On the CADCHF hourly chart we can see that a strong bearish trend is happening as the Blade oscillator is now at the 0.0004 area below the level of balance and also the indicator is colored in red that is a strong indication of bearish direction on the short term.
Another buy signal is shown on the moving average indicator as it is heading upward to let me think that the last top performed at 0.8393 could be a good place to set any sell position's stop loss level at .
http://bigimage.cz/photos/20141212141836773128059.gif
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As we can see in the CADCHF chart the main trend is currently taking a down direction and that’s because of the position of the 5 and 6 EMAs which are below the 35 EMA and as a result taking sell positions is the right choice once I get the confirmation from the other indicators that the direction will be bearish .
The parabolic sar indicator shows that the price might be taking a downward direction according to the dots above the candles .
The MACD indicator is giving me a sell signal which is currently moving below the 0 level also the CCI line is performing downward signal as is at the lower level .
As a conclusion to what I said earlier I do think that selling would be the best choice for now according to the EMA locations that of course unless the price gave a bullish signal instead .
http://bigimage.cz/photos/20141212141836660195558.gif
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As I can see on the CADCHF hour chart the daily open for today was higher than the last day which can be a good signal for a north direction of the market.
Now when focusing on the chart you can easily get the signal form the red down arrow which shown above the price candles to indicate a probably of bearish direction on the upcoming day.
And about the strong levels that the price may need to fight in order to break it you can monitor that there is a strong support located at the price 0.839 and I think it is hard for the price to break it down then I guess I will use it as a primary take profit level for any short positions that I may enter.
I also always keep an eye on the check and trader indicators to help me filtering the fake trend signals and they have to show a red line for the check and a red color for the trend indicator before I decide to enter the short positions.
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http://bigimage.cz/photos/20141212141837021127468.gif
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For today's analysis on the CADCHF since we can see that the price located above the level 0.8396 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 0.8437 which could be our primary buying target and if it kept going on the same pace then the resistance located at 0.8461 could be considered as our secondary target but in case the price breaks the level 0.8356 then this would be the time to start thinking about selling orders as the price will stop heading up http://bigimage.cz/photos/20141212141836849898852.gif
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http://prntscr.com/5fxmb8
analysis for today 12 / 12 / 2014
CAD/CHF (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 0.8392
Retracement (50%) 0.8391
retracement (61,8%) 0.8390
Extensions (61.8%) 0.8402
Extensions (100.0%) 0.8406
Extensions (138.2%) 0.8410
Extensions (161.8%) 0.8412
calculation based on a Fibonacci retracement then today I choose sell
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http://prntscr.com/5h07xz
analysis for today 12 / 15 / 2014
CAD/CHF (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 0.8316
Retracement (50%) 0.8316
retracement (61,8%) 0.8315
Extensions (61.8%) 0.8317
Extensions (100.0%) 0.8317
Extensions (138.2%) 0.8317
Extensions (161.8%) 0.8318
calculation based on a Fibonacci retracement then today I choose sell
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the CADCHF pair have a down channel as you can mention on the chart then thinking about an bearish 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 bullish direction on the stostatic according to the last buy intersection between the two lines near the 80 Th level.
Waiting a confirmation of selling direction form awesome indicator is a wise but in the same time the current situation could encourage the sell trades as long as the price didn't reach the low edge of Donchin channel http://bigimage.cz/photos/20141215141862562441423.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 above the red line which means a good buying 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 blue colors shown on the arrows meaning that a upward 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 upward direction but that can only happen if the moment buy cross was taking place on the chart And as long as the ATR indicator keeps showing buying signals then without doubt the buy trades would be a better choice for entry.
http://bigimage.cz/photos/20141215141862794489437.gif
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As we can see in the CADCHF chart the main trend is currently taking a down direction and that’s because of the position of the 5 and 6 EMAs which are below the 35 EMA and as a result taking sell positions is the right choice once I get the confirmation from the other indicators that the direction will be bearish .
The parabolic sar indicator shows that the price might be taking a upward direction according to the dots below the candles .
The MACD indicator is giving me a sell signal which is currently moving below the 0 level also the CCI line is performing upward signal as is at the higher level .
As a conclusion to what I said earlier I do think that selling would be the best choice for now according to the EMA locations that of course unless the price gave a bullish signal instead .
http://bigimage.cz/photos/20141215141862559535762.gif
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For today's analysis on the CADCHF since we can see that the price located above the level 0.8314 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 0.8361 which could be our primary buying target and if it kept going on the same pace then the resistance located at 0.839 could be considered as our secondary target but in case the price breaks the level 0.8268 then this would be the time to start thinking about selling orders as the price will stop heading up http://bigimage.cz/photos/20141215141862878100263.gif