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the major trend is bullish and the price has relased a retracment in the last sessin and has beenstopped at the daily pivot level at 0.7252 the hourly indicators are bearish and showing a side wways movment the main daily support is at 0.7200 and the daily resistance are at 0.7278 , 07304 ,0.7330 and the daily support are at 0.7226 , 0.7200 , 0.7174
The results of the pivot point calculations based on daily time frame prediction and analysis of price movements
Pair = NZDCHF
Wednesday, April 01, 2015
High = 0.7292
Low = 0.7241
Close = 0.7264
Pivot Point Result
R3 = 0.7341
R2 = 0.7317
R1 = 0.7290
PP = 0.7266
S1 = 0.7239
S2 = 0.7215
S3 = 0.7188
analysis of price movements
Sell Limit at = 0.7292
TP = 0.7237
SL = 0.7319
Sell Stop at = 0.7241
TP = 0.7217
SL = 0.7268
Trend = Down
Pair = NZDCHF
Wednesday, April 01, 2015
Fibonacci pivot point calculations to predict the movement of market prices today
Open = 0.7251, High = 0.7292, Low = 0.7241, Close = 0.7264
Fibonacci pivot point calculation
R3= 0.7317, R2= 0.7297, R1= 0.7285, PP= 0.7266, S1= 0.7246, S2= 0.7234, S3= 0.7215
Open Order
Sell = 0.7264, TP= 0.7236, SL= 0.7283
Daily Forecast
Pair: NZDCHF
Major Trend: Bearish
Time Frame: H1
Reason: Market not able to break in the first support at 0.7179. Furthermore, if the market can re-retest on the support, is predicted to penetrate and further down.
Recommendation: Sell
daily forecast
Pair: NZDCHF
Major Trend: Bearish
Time Frame: H1
Reason: It is predicted that the market would be a correction to the second resistance at 0.7225, before continuing the bearish trend.
Recommendation: Sell limit at 0.7225
Daily Forecast
Pair: NZDCHF
Major Trend: Bullish
Time Frame: H1
Reason: Market has been rejected in the second resistacnce at 0.7251. Then bet the market will lead to a pivot point at 0.7218
Recommendation: Sell
Daily Forecast
Major Trend: Bullish
Time Frame: H1
Reason: Possible market will touch the pivot point again at 0.7229, having previously been rejected at 0.7260 resistance
Recommendation: Buy limit at 0.7229
daily overview for Nzd-Chf
r3: 0.7334
r2: 0.7298
r1: 0.7266
s1: 0.7198
s2: 0.7162
s3: 0.7130
the pair broke fibo 38 to down
so our trade for the pair is sell
Daily Forecast
Major Trend: Bullish
Time Frame: H4
Reason: Market still sideways between 0.7308 - 0.7278. However, it is expected to retest the resistance at 0.7358
Recommendation: Buy
daily overview for Nzd-Chf
r3: 0.7406
r2: 0.7358
r1: 0.7326
s1: 0.7246
s2: 0.7198
s3: 0.7166
the pair broke the up trend to down
so our trade for the pair is sell
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