Cad/Chf

Cad/chf technical analysis for 24.10.2012 by using : Auto pivot indicator.

resistance 3:0.9549
resistance 2:0.9487
resistance 1:0.9442

pivot point :0.9380

support 1:0.9335
support 2:0.9273
support 3:0.9228

I think CADCHF is trying to reach the 0.9417 resistance level now. In my view, CADCHF will be able to break that resistance level and if that happen successfully, it will open a way for CADCHF to continue going up and reach the next resistance level at 0.9459.

After break weekly pivot level (0.9408), CAD/CHF rise until touch daily support 1 level (0.9434). Trend for short and medium term that indicates by hma 32 and 192 still affect price move up. If there is not negatif sentiment, price will rise strong until american market session closed.

we have a support level on the daily chart @61.8% so i think that CADCHF will move upward on the short term and i suggest buying this pair now our target point will be@50%.

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

adx : 18.6604
+di : 15.3894
-di : 17.7098
timeframe : 1 hour

time : 2000
date : 24.10.2012

Cad/chf technical analysis for 25.10.2012 by using : Auto pivot indicator.

resistance 3:0.9511
resistance 2:0.9481
resistance 1:0.9433

pivot point :0.9403

support 1:0.9355
support 2:0.9325
support 3:0.9277

Pair on look bearish. The most MA on 4H TF look support bearish. Then, I see the Fibo at 4H TF too. the price now move bellow that strong pivot 0.9423. with this look search for sell is better idea with use max. sl on above that pivot 0.9423.

EUR/USD clings to 1.3000

The single currency is fighting hardly to keep the 1.3000 handle on Thursday, although the markets remains risk biased, ahead of EMU data to be released later. No major events or rumours hovering over the markets so far, as traders look to the US weekly employment report and Durable Good orders to be the main drivers of today's price action.

Stochastic signal in tf h1 shown in overbought area. this condition give pressure for price to move up. Trend for medium term that shown down also give pressure for CAD/CHF so price will difficult to rise. level 0.9398 will be a key of movement for price today.

Technical Analysis for October 24 – 25, 2012.
The EUR/USD pair has broken the resistance level and turned towards the support level near the two-month point of 1.2903. Therefore, the pair has already formed a strong support at 1.2803 / 1.2894. Moreover, having failed to close below 1.2900