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The daily start of the CADCHF was today below the yestedday Pivot where you can monitor it at 0.7432 which mark a probably of downward market for the remaining of the current day. the signal of the moving averages could be extracted from the location of the fast MA which is currently below the slower 48MA to create a clear view about the bearish direction that could stand for the rest of the day. and also as the price keeps above the index line for the magic indicator to overrun the chances regarding the upward pattern goes for the current move. By examination it appears that we will be at downward direction and it shouldn’t pass the resistance that located at 0.7535 and the target could be situated close to the region of 0.7285 then the price 0.7175 on a row for short term sell positions opened
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it is a currency pair in the forex trading many traders are trading in this pair and getting income from this pair this pair has good movement per day usually its movement is up to 60 pips per day
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as we can see that there is a downward movement according to the price canal that could be viewed from the table of the CADCHF while the price is approaching the down value of this sequence that urges the holders to buy district as a target within the degrees of 0.7575 Beside that The StepMA indicator keep showing a indication that gives more strength to the behavior of going short at a suitable region today. ending by the signals of the stochastics which comes to point an overbought as the most of edges won near the high number 80 to indicate a clear signs about some weakness for the upward management or a start of new downward direction to be set.
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Cad stands for Canadian dollar whereas CHF stands for Swiss Hank Franc i have never tried any trade on this pair so i have not much info about this pair.
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The digits for the CADCHF keeps moving above the Ichimoku Cloud and also there are an apperiance of the orange color to tell about a probably of good chance for the longer trend to be bullish and target the upcoming resistance area which could be sets at 0.7655 prices.
Also whithin this direction there are bearish signal at the two lines of Kijun sen and the Tenken sen as the tenken sen which colored in green moves below the kijun sen line which have the red color then we can be aware about being through a week move because it?s direction goes against the main trend.
0.7625 In this case the resistance zone located near 0.7645 have a high chance to be hit before the main target of 0.7655 attained.
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the price heads above the Trendline indicator and leads the market to a upward tendency was set out rising to investigation the upcoming resistance heights at 0.763 as the next mark action. On the other hand the bullish orientation set out still not settled by the group of waving signals referring that they don't have all the bullish signal so we can say the move is very likely week at the moment. by the way the TDI indicator holds near the middle verge and have a sell sign which might be a good warning in case of giving the thoughts toward entry with the bullish drift till maintains the bearish indicator.
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the prices on the chart of the CADCHF is moving on the area above the Ichimoku Cloud that have shows the orange color right now and no doubt that we will then consider that our long term movement is bullish and thinking about hiting the next resistance levels that sets near 0.7645 prices.
Also whithin this direction there are bearish signal at the two lines of Kijun sen and the Tenken sen as the tenken sen which colored in green moves below the kijun sen line which have the red color then we can be aware about being through a week move because it?s direction goes against the previous trend of the Cloud.
0.7615 At this condition the resistance area that founded at 0.7635 have a great chance to be hit just to let the main target 0.7645 accomplished.
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The head start for today follows a change in price which turned up below the Trendline index and leads the market to a downward direction and then the price seems to start falling to investigation the upcoming support ranks at 0.75 as the next goal moves. still the bearish trend still not confirmed by the set of trend signals as they don't achieve all a bearish flag so we can say the move is presumably week for the time being. Furthermore the TDI indicator stands close to the middle hand with a buy signal which could be a good warning for the cogitation of get in with the bearish direction till it changed the bullish signal.
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The price of the CADCHF still going below the Ichimoku Cloud area that at the moment have a orange color for now and this is a good sign for excpecting a long term direction to be bearish and target the upcoming support area which you can found at 0.746 prices.
Also whithin this direction there are bullish signal at the two lines of Kijun sen and the Tenken sen as the tenken sen which colored in green moves above the kijun sen line which have the red color then we can be aware about being through a week direction as the cross comes against the trend.
0.746 In this case the support zone located near 0.7475 have a big opportunity to be hit before the target of 0.746 attained.
http://imagizer.imageshack.com/img92.../xtsVjM.th.gif
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After today?s opening the cost heads above the Trendline index and leads the market to a upward trend and after that the worth seems to start rising pulling the boundary of the resistance standard at 0.7515 with the next target move. likewise the bullish trend still not proven by the set of orientation indicators as they don't have all a bullish signal so we can say the indicators is it may be week at the moment. from the way that TDI pointer keeps close to the middle verge and have a sell signal which could be a good warning for the thinking of step inside with the bullish trend till it changed the bearish point.
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