Printable View
Daily forecast: EURCHF 06 Nov. 2014.
Technical analysis for Daily forecast of EURCHF 06 November, 2014. In Daily chart EURCHF shows bearish trend. At present EURCHF below the pivot point and going towards the 1st support level. If 1st support level breaks then next strong support level is 1.20059.
Pivot: 1.20365
Resistance levels
R1 1.20424
R2 1.20506
R3 1.20565
R4 1.20623
Support levels
S1 1.20283
S2 1.20224
S3 1.20142
S4 1.20059
Attachment 12279
http://prntscr.com/53i887
analysis for today 11 / 6 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EURCHF on the date 11 / 5 / 2014
OPEN 1.2040
HIGH 1.2045
LOW 1.2031
CLOSED 1.2034
The third resistance (R3) 1.2045 -( 1.2037 - 1.2031 = 0.0006 x 2 = 0.0011 )= 1.2056
The second Resistance (R2) 1.2037 + 1.2045 - 1.2031 = 1.2051
First resistance (R1) 1.2037 x 2 = 2.4073 - 1.2031 = 1.2042
pivot points 1.2045 + 1.2031 + 1.2034 = 3.6110 / 3 = 1.2037
Support for the first (S1) 1.2037 x 2 = 2.4073 - 1.2045 = 1.2028
Support second (S2) 1.2037 -( 1.2045 - 1.2031 = 0.0014 ) = 1.2023
Third Support (S3) 1.2031 -( 1.2045 - 1.2037 = 0.0008 x 2 = 0.0017 )= 1.2014
pair- eur/chf
analysis time frame- m30
http://i57.tinypic.com/21b2kj6.jpg
the down movement of the price is support at the 1.2029 level and moving up side with breaking the resistance at pivot point 1.2037 level. the price is moved to the daily resistance at 1.2057 and moving down with giving doji pattern. this is break 1.2029 then short with 1.2000 take profit.
good luck.
http://prntscr.com/53ueq0
analysis for today 11 / 6 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EURCHF on the date 11 / 5 / 2014
OPEN 1.2035
HIGH 1.2056
LOW 1.2029
CLOSED 1.2041
The third resistance (R3) 1.2056 -( 1.2042 - 1.2029 = 0.0013 x 2 = 0.0026 )= 1.2082
The second Resistance (R2) 1.2042 + 1.2056 - 1.2029 = 1.2069
First resistance (R1) 1.2042 x 2 = 2.4084 - 1.2029 = 1.2055
pivot points 1.2056 + 1.2029 + 1.2041 = 3.6126 / 3 = 1.2042
Support for the first (S1) 1.2042 x 2 = 2.4084 - 1.2056 = 1.2028
Support second (S2) 1.2042 -( 1.2056 - 1.2029 = 0.0027 ) = 1.2015
Third Support (S3) 1.2029 -( 1.2056 - 1.2042 = 0.0014 x 2 = 0.0028 )= 1.2001
Daily forecast: EURCHF 07 Nov. 2014.
Technical analysis for Daily forecast of EURCHF 07 November, 2014. In Daily chart EURCHF is flat. At present EURCHF on the pivot point. It is important to break support or resistance levels to identify the trend. Previous record shows EURCHF buy from 1st support level.
Pivot: 1.20426
Resistance levels
R1 1.20560
R2 1.20697
R3 1.20831
R4 1.20966
Support levels
S1 1.20289
S2 1.20155
S3 1.20018
S4 1.19882
Attachment 12313
the price seems to move in downward trend today on the EURCHF chart as there are a red dots above the bars and as long as the price keeps lower than the strong resistance of 1.2065 which is also the weekly Pivot point then it seems that the price may keep going south till it can hit the weekly pivot support at 1.2049 .
In other scenario if the price can break the resistance 1.2065 and get a bullish signals by a blue dots then it’s expected to keep going north till the resistance of 1.2074 as the next weekly Pivot point.
http://bigimage.cz/photos/20010119979917503129936.gif .
pair- eur/chf
analysis time frame- h1
http://i58.tinypic.com/6pov93.jpg
the up movement of the price is rejecting down side from the resistance trend line at 1.2056 level. now its moving below the pivot point and having support at the 1.2030 level. the macd is also down trend side so hold the short entry with take profit at 1.2000 and stop loss at 1.2050
good luck.
the price seems to move in downward trend today on the EURCHF chart as there are a red dots above the bars and as long as the price keeps lower than the strong resistance of 1.2054 which is also the weekly Pivot point then it seems that the price may keep going south till it can hit the weekly pivot support at 1.2021 .
In other scenario if the price can break the resistance 1.2054 and get a bullish signals by a blue dots then it’s expected to keep going north till the resistance of 1.2074 as the next weekly Pivot point.
http://bigimage.cz/photos/20010122980126748478635.gif .
http://prntscr.com/54uveb
analysis for today 11 / 10 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EURCHF on the date 11 / 7 / 2014
OPEN 1.2041
HIGH 1.2045
LOW 1.2028
CLOSED 1.2033
The third resistance (R3) 1.2045 -( 1.2035 - 1.2028 = 0.0007 x 2 = 0.0015 )= 1.2060
The second Resistance (R2) 1.2035 + 1.2045 - 1.2028 = 1.2052
First resistance (R1) 1.2035 x 2 = 2.4071 - 1.2028 = 1.2043
pivot points 1.2045 + 1.2028 + 1.2033 = 3.6106 / 3 = 1.2035
Support for the first (S1) 1.2035 x 2 = 2.4071 - 1.2045 = 1.2026
Support second (S2) 1.2035 -( 1.2045 - 1.2028 = 0.0017 ) = 1.2018
Third Support (S3) 1.2028 -( 1.2045 - 1.2035 = 0.0010 x 2 = 0.0019 )= 1.2009
pair- eur/chf
analysis time frame- h1
http://i62.tinypic.com/ftfp5e.jpg
the price is not able to break the resistance at 1.2060 level and its falling down side. this is break the support at 1.2027 level and having short signal with parabolic sar. this down movement may be make correction from the support at 1.2000 level. hold the short entry with stop loss at 1.2050
good luck.