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analysis for today 2 / 13 / 2015
CADCHF
Resistance : R1 0.7481 R2 0.7506 R3 0.7526 R4 0.7556
Support : S1 0.7365 S2 0.7340 S3 0.7320 S4 0.7290
Open : 0.7438
High : 0.7440
Low : 0.7406
Range : 0.0034 Pips
Running Price : 0.7413
Strategy : SELL at the level 0.7413 stop loss at the level 0.7481 target take profit at the level 0.7320 or at the level 0.7290
analysis for today 2 / 16 / 2015
CADCHF
Resistance : R1 0.7538 R2 0.7563 R3 0.7583 R4 0.7613
Support : S1 0.7415 S2 0.7390 S3 0.7370 S4 0.7340
Open : 0.7484
High : 0.7490
Low : 0.7463
Range : 0.0027 Pips
Running Price : 0.7470
Strategy : SELL at the level 0.7470 stop loss at the level 0.7538 target take profit at the level 0.7370 or at the level 0.7340
Daily Forecast
Pair: CADCHF
Major Trend: Bullish
Time Frame: H1
Reason: Market still going to retest support at the pivot point at 0.7459. But the price target to be achieved is still at 0.7518, to this day.
Recommendation: Buy Limit at 0.7462
---------- Post added 02-17-2015 at 02:34 AM ---------- Previous post was 02-16-2015 at 10:02 AM ----------
Daily Forecast
Pair: CADCHF
Major Trend: Bullish
Time Frame: H1
Reason: Market began tapering movement. The only possibility to 0.7487 or 0.7499, as the highest point today.
Recommendation: Buy
analysis for today 2 / 17 / 2015
CADCHF
Resistance : R1 0.7543 R2 0.7568 R3 0.7588 R4 0.7618
Support : S1 0.7410 S2 0.7385 S3 0.7365 S4 0.7335
Open : 0.7470
High : 0.7485
Low : 0.7468
Range : 0.0017 Pips
Running Price : 0.7485
Strategy : BUY at the level 0.7485 stop loss at the level 0.7410 target take profit at the level 0.7588 or at the level 0.7618
analysis for today 2 / 18 / 2015
CADCHF
Resistance : R1 0.7594 R2 0.7619 R3 0.7639 R4 0.7669
Support : S1 0.7485 S2 0.7460 S3 0.7440 S4 0.7410
Open : 0.7557
High : 0.7560
Low : 0.7519
Range : 0.0041 Pips
Running Price : 0.7547
Strategy : BUY at the level 0.7547 stop loss at the level 0.7485 target take profit at the level 0.7639 or at the level 0.7669
The results of the pivot point calculations based on daily time frame prediction and analysis of price movements
Pair = CADCHF
Wednesday, February 18, 2015
High = 0.7570
Low = 0.7459
Close = 0.7561
Pivot Point Result
R3 = 0.7712
R2 = 0.7641
R1 = 0.7601
PP = 0.7530
S1 = 0.7490
S2 = 0.7419
S3 = 0.7379
analysis of price movements
Buy Limit at = 0.7521
TP = 0.7570
SL = 0.7450
Buy Stop at = 0.7592
TP = 0.7672
SL = 0.7459
Trend = UP
I think that we should wait until the price break the resistance level at 0.7568, than we get in long position with take profit at 0.7617.
http://i.imgur.com/NZ0KglC.png
Daily Forecast
Pair: CADCHF
Major Trend: Bullish
Time Frame: H1
Reason: It can be seen that the market has been rejected in the first daily resistance at 0.7568. Furthermore, predicted to fall to 0.7531 and continue down to 0.7493.
Recommendation: Sell
---------- Post added 02-19-2015 at 08:12 AM ---------- Previous post was 02-18-2015 at 11:08 AM ----------
Daily Forecast
Pair: CADCHF
Major Trend: Bullish
Time Frame: H1
Reason: Market opened below the pivot point at 0.7561 and experience the sideway movement. Predicted market will toward 0.7529, or 0.7509
Recommendation: Sell
Even if the ascending trend channel continue supporting the CADCHF up-move, the ascending trend-line resistance, near 0.7625, is likely to restrict immediate upside of movement of the pair. Moreover, the overbought levels of RSI also likely to provide additional reason for the pair to limit its up-move. On the downside, 0.7510, 0.7490 and the 0.7450 are likely important support levels for the pair. Should it break the channel support line, near 0.7450, it can plunge to 0.7285. Alternatively, a break of 0.7625 can immediately be followed by the 0.7655 resistance before testing the upper line of the channel near 0.7830 mark. Should the pair sustains closing above 0.7830, it can rally towards its pre-slump price range surpassing 0.8450 mark.
analysis for today 2 / 20 / 2015
CADCHF
Resistance : R1 0.7666 R2 0.7691 R3 0.7711 R4 0.7741
Support : S1 0.7549 S2 0.7524 S3 0.7504 S4 0.7474
Open : 0.7593
High : 0.7624
Low : 0.7591
Range : 0.0033 Pips
Running Price : 0.7624
Strategy : BUY at the level 0.7624 stop loss at the level 0.7549 target take profit at the level 0.7711 or at the level 0.7741
Spoiler: