Cad/Chf

Cad/chf technical analysis for 18.10.2012 by using : Auto pivot indicator.

resistance 3:0.9549
resistance 2:0.9491
resistance 1:0.9462

pivot point :0.9404

support 1:0.9375
support 2:0.9317
support 3:0.9288

CADCHF has broken the resistance level at 0.9417. Now, CADCHF is rising and trying to reach the next resistance level at 0.9459. Then, it will be better to wait CADCHF touch that resistance level. If CADCHF can break that resistance, this pair will continue going up to the next resistance level at 0.9506. But if fail, CADCHF may fall again and touch the support level at 0.9417.

Cad/chf technical analysis for 19.10.2012 by using : Auto pivot indicator.

resistance 3:0.9511
resistance 2:0.9482
resistance 1:0.9434

pivot point :0.9405

support 1:0.9357
support 2:0.9328
support 3:0.9280

CADCHF almost touch the support level at 0.9369. Then, if I see the market, I think CADCHF will touch that support level and may break it. If that happens, CADCHF may fall more deeper to the next support level at around 0.9320

cad/chf technical analysis by using : average directional movement index

adx : 22.6495
+di : 11.4852
-di : 30.2983
timeframe : 1 hour

time : 1600
date : 19.10.2012

Cad/chf technical analysis for 22.10.2012 by using : Auto pivot indicator.

resistance 3:0.9437
resistance 2:0.9416
resistance 1:0.9379

pivot point :0.9358

support 1:0.9321
support 2:0.9300
support 3:0.9263

I think CADCHF still in strong down trend now. CADCHF has touched the support level at 0.9322 and now this pair is making some correction. Then, if CADCHF can break 0.9322 support level, I expect this pair will fall more deeper and the enxt target is at around 0.9276 as the next resistance level of CADCHF

cad/chf technical analysis by using : average directional movement index

adx : 27.2672
+di : 13.6414
-di : 19.5576
timeframe : 1 hour

time : 1900
date : 22.10.2012

Cad/chf technical analysis for 23.10.2012 by using : Auto pivot indicator.

resistance 3:0.9418
resistance 2:0.9385
resistance 1:0.9363

pivot point :0.9330

support 1:0.9308
support 2:0.9275
support 3:0.9253

CADCHF has broken the resistance level at 0.9322. I think that breaking has open a chance for CADCHF to make some correction movement. In my view CADCHF will make a correction to the next resistance level at around 0.9369.