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EURCHF chart considering that the overall direction is Down I would assume that the price 1.2214 would be the strongest resistance level at the moment and of course if the price bounced from it then it's the best place to sell from but on the other hand if it got broken then buying would be a better option also the strongest support would be at the price 1.2205 where the range would be the strongest until it's broken , then it's the perfect place to sell from.
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analysis for today 5 / 28 / 2014
EUR/CHF (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.5952
Retracement (50%) 1.5945
retracement (61,8%) 1.5938
Extensions (61.8%) 1.6008
Extensions (100.0%) 1.6029
Extensions (138.2%) 1.6050
Extensions (161.8%) 1.6064
calculation based on a Fibonacci retracement then today I choose buy
pair- eur/chf
chart analysis time frame- h1
http://i59.tinypic.com/n1tt7b.jpg
the up movement of the price is not able to break the resistance at the 1.2232 level and its falling down with rsi indicator is moving down. the macd indicator is also giving to down trend signal the price may falling to the support at 1.2200 level. short with the take profit and stop loss at 1.2240
good luck.
On the pair EURCHF Today's analysis 5/29/2014 : with the direction of the price heading Down I'm going to consider 1.2207
as the strongest support level for now, only then I'm going to consider it a selling position unless it rebounded then I am gonna shift to buying instead. On the other hand I'm going to consider 1.2215 as the strongest Resistance level for now waiting for the price to break it to start buying, otherwise I'll shift to sell .
http://uploadyourimages.org/upload/s...66fb205fc2.JPG
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analysis for today 5 / 29 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EURCHF on the date 5 / 28 / 2014
OPEN 1.2225
HIGH 1.2233
LOW 1.2208
CLOSED 1.2209
The third resistance (R3) 1.2233 -( 1.2217 - 1.2208 = 0.0009 x 2 = 0.0017 )= 1.2250
The second Resistance (R2) 1.2217 + 1.2233 - 1.2208 = 1.2242
First resistance (R1) 1.2217 x 2 = 2.4433 - 1.2208 = 1.2225
pivot points 1.2233 + 1.2208 + 1.2209 = 3.6650 / 3 = 1.2217
Support for the first (S1) 1.2217 x 2 = 2.4433 - 1.2233 = 1.2200
Support second (S2) 1.2217 -( 1.2233 - 1.2208 = 0.0025 ) = 1.2192
Third Support (S3) 1.2208 -( 1.2233 - 1.2217 = 0.0016 x 2 = 0.0033 )= 1.2175
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analysis for today 5 / 29 / 2014
EUR/CHF (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.2218
Retracement (50%) 1.2221
retracement (61,8%) 1.2223
Extensions (61.8%) 1.2193
Extensions (100.0%) 1.2183
Extensions (138.2%) 1.2173
Extensions (161.8%) 1.2168
calculation based on a Fibonacci retracement then today I choose sell
pair- eur/chf
chart analysis time frame- h1
http://i57.tinypic.com/2nkhqw8.jpg
the rsi indicator is again turn down side and in the price chart its break the support at the 1.2200 level. this is making a pull back setup from the resistance at 1.2210 level. this will falling down and may hit the 1.2190 level and stop loss at the 1.2215
good luck.
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analysis for today 5 / 30 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EURCHF on the date 5 / 29 / 2014
OPEN 1.2210
HIGH 1.2214
LOW 1.2199
CLOSED 1.2211
The third resistance (R3) 1.2214 -( 1.2208 - 1.2199 = 0.0009 x 2 = 0.0018 )= 1.2232
The second Resistance (R2) 1.2208 + 1.2214 - 1.2199 = 1.2223
First resistance (R1) 1.2208 x 2 = 2.4416 - 1.2199 = 1.2217
pivot points 1.2214 + 1.2199 + 1.2211 = 3.6624 / 3 = 1.2208
Support for the first (S1) 1.2208 x 2 = 2.4416 - 1.2214 = 1.2202
Support second (S2) 1.2208 -( 1.2214 - 1.2199 = 0.0015 ) = 1.2193
Third Support (S3) 1.2199 -( 1.2214 - 1.2208 = 0.0006 x 2 = 0.0012 )= 1.2187
On the pair EURCHF Today's analysis 5/30/2014 : with the direction of the price heading Down I'm going to consider 1.2201
as the strongest support level for now, only then I'm going to consider it a selling position unless it rebounded then I am gonna shift to buying instead. On the other hand I'm going to consider 1.2214 as the strongest Resistance level for now waiting for the price to break it to start buying, otherwise I'll shift to sell .
http://uploadyourimages.org/upload/s...7e62a60d34.JPG
pair- eur/chf
chart analysis time frame- h1
http://i60.tinypic.com/2h520b6.jpg
the up movement of the price is again rejecting from the resistance at 1.2216 and falling down. this is having a strong support at the 1.2200 level that may be not break and the price is again move up. long with take profit at 1.2215 and stop loss at the 1.2190
good luck.