Eur/Chf

analysis for today 5 / 16 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EURCHF on the date 5 / 15 / 2014
OPEN 1.2201
HIGH 1.2229
LOW 1.2196
CLOSED 1.2213

The third resistance (R3) 1.2229 -( 1.2213 - 1.2196 = 0.0017 x 2 = 0.0033 )= 1.2262
The second Resistance (R2) 1.2213 + 1.2229 - 1.2196 = 1.2246
First resistance (R1) 1.2213 x 2 = 2.4425 - 1.2196 = 1.2229
pivot points 1.2229 + 1.2196 + 1.2213 = 3.6638 / 3 = 1.2213
Support for the first (S1) 1.2213 x 2 = 2.4425 - 1.2229 = 1.2196
Support second (S2) 1.2213 -( 1.2229 - 1.2196 = 0.0033 ) = 1.2180
Third Support (S3) 1.2196 -( 1.2229 - 1.2213 = 0.0016 x 2 = 0.0033 )= 1.2163

daily technical analysis for EURCHF 16/05/2014
EURCHF should find support in 1.2197 - 1.2181 area for a rally to 1.2247. Unexpected fall below 1.2181 will dent this bullish view.

Key Point 1.2215
Entry Point 1.2207
Trendline 1 1.2197
Trendline 2 1.2203

Support 1 1.2197 Support 2 1.2181
Resistance 1 1.2231 Resistance 2 1.2247

Daily analysis for EURCHF
EURCHF extended impulse wave up 1.2277, No Pivot Points have been reached.

Elliott 1.2191
Closing 1.2214
Ex-Low 1.2197
Ex-High 1.2230

Support 1 1.2198
Support 2 1.2182
Resistance 1 1.2232
Resistance 2 1.2246

Weekly technical analysis for EURCHF
EURCHF current rise should end around 1.2225 or 1.2237. Objectives of this downmove are 1.2198 or 1.2175. A rise above 1.2253 is again bullish.

Key Point 1.2234
Entry Point 1.2219
Trendline 1 1.2191
Trendline 2 1.2218

Support 1 1.2198 Support 2 1.2175
Resistance 1 1.2237 Resistance 2 1.2253
:yahoo: :yahoo:

Weekly analysis for EURCHF 19-23 May 2014
EURCHF impulse wave up 1.2278, No Pivot Points have been reached.

Elliott 1.2163
Closing 1.2220
Ex-Low 1.2191
Ex-High 1.2230

Support 1 1.2199
Support 2 1.2176
Resistance 1 1.2238
Resistance 2 1.2254

After analyzing the pair EURCHF Today 5/18/2014 I came to this conclusion. While the price is taking Up direction I think 1.2206 might turn out to be a very strong support level which will be considered as a selling point if the it was broken by candle stick which will close under it. Otherwise we are to consider it a buying position. On the other hand the price 1.2229 might turn out to be a strong resistance level which on the contrary with the support level we will start buying if the price breaks it or selling if the price rebounds. .
Attachment 10997

Forecasting of EURCHF last day I noticed that the trend was Up but the traders should keep an eye on 2 things the support points which located at 1.2218 & 1.2213 and also the resistance levels which located near 1.2228 & 1.2233 , Now do your own analysis and try to buy near the support points or sell at the resistance points that I provide. .

Attachment 11014

analysis for today 5 / 19 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EURCHF on the date 5 / 16 / 2014
OPEN 1.2213
HIGH 1.2223
LOW 1.2206
CLOSED 1.2220

The third resistance (R3) 1.2223 -( 1.2216 - 1.2206 = 0.0010 x 2 = 0.0021 )= 1.2244
The second Resistance (R2) 1.2216 + 1.2223 - 1.2206 = 1.2233
First resistance (R1) 1.2216 x 2 = 2.4433 - 1.2206 = 1.2227
pivot points 1.2223 + 1.2206 + 1.2220 = 3.6649 / 3 = 1.2216
Support for the first (S1) 1.2216 x 2 = 2.4433 - 1.2223 = 1.2210
Support second (S2) 1.2216 -( 1.2223 - 1.2206 = 0.0017 ) = 1.2199
Third Support (S3) 1.2206 -( 1.2223 - 1.2216 = 0.0007 x 2 = 0.0013 )= 1.2193

Daily technical analysis for EURCHF 19/05/2014
EURCHF currently uptrend should end around 1.2220 - 1.2225 area. A correction down to below 1.2211 is expected. A rise above 1.2230 will abort the expected correction.

Key Point 1.2228
Entry Point 1.2219
Trendline 1 1.2207
Trendline 2 1.2216

Support 1 1.2211 Support 2 1.2202
Resistance 1 1.2225 Resistance 2 1.2230

It seems that EURCHF rebounds at pivot range. The pair may continue to move higher towards null target at 1.22251, and may still be continued to reach reverse level at 1.22331