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analysis for today 5 / 14 / 2014
AUD/CHF (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 0.8317
Retracement (50%) 0.8309
retracement (61,8%) 0.8301
Extensions (61.8%) 0.8381
Extensions (100.0%) 0.8405
Extensions (138.2%) 0.8429
Extensions (161.8%) 0.8445
calculation based on a Fibonacci retracement then today I choose buy
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AUD/CHF yesterday closed at 0.8327, daily upward trend is strong, the weekly formed the double bottom shape, the daily average 5 days to wear 10 day moving average support, 0.8335,0.8320, resistance 0.8360,0.8420, today recommended bargain buy: buy near 0.8335, stop 0.8310, only the surplus 0.8360,0.8380
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analysis for today 5 / 14 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle AUDCHF on the date 5 / 13 / 2014
OPEN 0.8309
HIGH 0.8341
LOW 0.8277
CLOSED 0.8330
The third resistance (R3) 0.8341 -( 0.8316 - 0.8277 = 0.0039 x 2 = 0.0078 )= 0.8419
The second Resistance (R2) 0.8316 + 0.8341 - 0.8277 = 0.8380
First resistance (R1) 0.8316 x 2 = 1.6632 - 0.8277 = 0.8355
pivot points 0.8341 + 0.8277 + 0.8330 = 2.4948 / 3 = 0.8316
Support for the first (S1) 0.8316 x 2 = 1.6632 - 0.8341 = 0.8291
Support second (S2) 0.8316 -( 0.8341 - 0.8277 = 0.0064 ) = 0.8252
Third Support (S3) 0.8277 -( 0.8341 - 0.8316 = 0.0025 x 2 = 0.0050 )= 0.8227
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pair- aud/chf
chart analysis time frame- m30
the rsi indicator is moving at the 70 level and showing overbought but the price is still in up trend. this will move to the 0.8400 then some correction can expected but if this move below the 0.8310 then short with the take profit at 0.8245
good luck.
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analysis for today 5 / 16 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle AUDCHF on the date 5 / 15 / 2014
OPEN 0.8343
HIGH 0.8388
LOW 0.8303
CLOSED 0.8335
The third resistance (R3) 0.8388 -( 0.8342 - 0.8303 = 0.0039 x 2 = 0.0078 )= 0.8466
The second Resistance (R2) 0.8342 + 0.8388 - 0.8303 = 0.8427
First resistance (R1) 0.8342 x 2 = 1.6684 - 0.8303 = 0.8381
pivot points 0.8388 + 0.8303 + 0.8335 = 2.5026 / 3 = 0.8342
Support for the first (S1) 0.8342 x 2 = 1.6684 - 0.8388 = 0.8296
Support second (S2) 0.8342 -( 0.8388 - 0.8303 = 0.0085 ) = 0.8257
Third Support (S3) 0.8303 -( 0.8388 - 0.8342 = 0.0046 x 2 = 0.0092 )= 0.8211
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pair- aud/chf
chart analysis time frame- m30
http://i57.tinypic.com/2zqfos2.jpg
the supporting trend line is break but not having a good movement. this is making a weak support at 0.8304 level and turn again up side and this is continue up to the resistance 0.8370 then may rejected. hold the short entry with stop loss at 0.8390.
good luck.
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1 Attachment(s)
On the pair AUDCHF Today's analysis 5/18/2014 : with the direction of the price heading Up I'm going to consider 0.8331 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 0.8367 as the strongest Resistance level for now waiting for the price to break it to start buying, otherwise I'll shift to sell .
Attachment 11011
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1 Attachment(s)
AUDCHF pair, the trend seems to be Up within the last day but there are 2 important points that should be considered the strong support at 0.8341 and the strong resistance at 0.8369 so for whom wants to buy they can do that at the support point and sell only at the resistance point. .
Attachment 11027
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analysis for today 5 / 19 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle AUDCHF on the date 5 / 16 / 2014
OPEN 0.8334
HIGH 0.8357
LOW 0.8308
CLOSED 0.8355
The third resistance (R3) 0.8357 -( 0.8340 - 0.8308 = 0.0032 x 2 = 0.0064 )= 0.8421
The second Resistance (R2) 0.8340 + 0.8357 - 0.8308 = 0.8389
First resistance (R1) 0.8340 x 2 = 1.6680 - 0.8308 = 0.8372
pivot points 0.8357 + 0.8308 + 0.8355 = 2.5020 / 3 = 0.8340
Support for the first (S1) 0.8340 x 2 = 1.6680 - 0.8357 = 0.8323
Support second (S2) 0.8340 -( 0.8357 - 0.8308 = 0.0049 ) = 0.8291
Third Support (S3) 0.8308 -( 0.8357 - 0.8340 = 0.0017 x 2 = 0.0034 )= 0.8274
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analysis for today 5 / 19 / 2014
AUD/CHF (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 0.8338
Retracement (50%) 0.8333
retracement (61,8%) 0.8327
Extensions (61.8%) 0.8387
Extensions (100.0%) 0.8406
Extensions (138.2%) 0.8425
Extensions (161.8%) 0.8436
calculation based on a Fibonacci retracement then today I choose buy