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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/20010126980472810162255.gif .
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http://prntscr.com/565jdo
analysis for today 11 / 13 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EURCHF on the date 11 / 12 / 2014
OPEN 1.2019
HIGH 1.2023
LOW 1.2015
CLOSED 1.2019
The third resistance (R3) 1.2023 -( 1.2019 - 1.2015 = 0.0004 x 2 = 0.0008 )= 1.2031
The second Resistance (R2) 1.2019 + 1.2023 - 1.2015 = 1.2027
First resistance (R1) 1.2019 x 2 = 2.4038 - 1.2015 = 1.2023
pivot points 1.2023 + 1.2015 + 1.2019 = 3.6057 / 3 = 1.2019
Support for the first (S1) 1.2019 x 2 = 2.4038 - 1.2023 = 1.2015
Support second (S2) 1.2019 -( 1.2023 - 1.2015 = 0.0008 ) = 1.2011
Third Support (S3) 1.2015 -( 1.2023 - 1.2019 = 0.0004 x 2 = 0.0008 )= 1.2007
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pair- eur/chf
analysis time frame- m30
http://i62.tinypic.com/5wfqsn.jpg
the macd indicator is making continue lower to lower divergen from rejecting resistance at 1.2019 level. the price is also in the strong down trend side. hold the short entry with profit target at 1.2000 and stop loss at 1.2033
good luck.
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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/20010128980681660908406.gif .
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Daily Forecast
Pair: EURCHF
Major Trend: Bearish
Time Frame: H4
Reason: 61.8 Fibo area still has not been corrected, but not sell Fibo 161.8. RSI is still below the 50 line
Recommendation: Sell limit at 1.2023 (61.8 Fibo) with a target of 1.2009 or sell stop at 1.2009 with targets 1.1992
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http://prntscr.com/5768tz
analysis for today 11 / 17 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EURCHF on the date 11 / 14 / 2014
OPEN 1.2019
HIGH 1.2022
LOW 1.2009
CLOSED 1.2012
The third resistance (R3) 1.2022 -( 1.2014 - 1.2009 = 0.0005 x 2 = 0.0011 )= 1.2033
The second Resistance (R2) 1.2014 + 1.2022 - 1.2009 = 1.2027
First resistance (R1) 1.2014 x 2 = 2.4029 - 1.2009 = 1.2020
pivot points 1.2022 + 1.2009 + 1.2012 = 3.6043 / 3 = 1.2014
Support for the first (S1) 1.2014 x 2 = 2.4029 - 1.2022 = 1.2007
Support second (S2) 1.2014 -( 1.2022 - 1.2009 = 0.0013 ) = 1.2001
Third Support (S3) 1.2009 -( 1.2022 - 1.2014 = 0.0008 x 2 = 0.0015 )= 1.1994
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As you can see on the chart of EURCHF the prices is now upper than the EMA line of 40
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In the EUR/CHF confronted solid resistance from 38.2% retracement of 1.6827 to 1.0061 at 1.2646 and switched. Managed break of this level is required to affirm bigger up pattern resumption. Something else, standpoint will stay unbiased for more range trading. In any case when its all said and done, drawback of decay endeavor ought to be contained by SNB's 1.2 story.
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the price seems to move in upward trend today on the EURCHF chart as there are a blue dots below the bars and as long as the price keeps higher than the strong support of 1.2001 which is also the weekly Pivot point then it seems that the price may keep going north till it can hit the weekly pivot resistance at 1.203 .
In other scenario if the price can break the support 1.2001 and get a bearish signals by a red dots then it’s expected to keep going south till the support of 1.199 as the next weekly Pivot point.
http://bigimage.cz/photos/20141117141626365922107.gif .