Cad/Chf

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

adx : 30.9874
+di : 5.3103
-di : 26.5742
timeframe : 1 hour

time : 1800
date : 15-11-2012

Cad/chf technical analysis for 16.11.2012 by using : Auto pivot indicator.

resistance 3:0.9484
resistance 2:0.9458
resistance 1:0.9435

pivot point :0.9409

support 1:0.9386
support 2:0.9360
support 3:0.9337

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

adx : 47.5622
+di : 22.0644
-di : 11.6838
timeframe : 1 hour

time : 1900
date : 16.11.2012

On my see this CADCHF on look bearish as long as the buyer here then can not up again more that pivot line 0.9461. So, of course - make plan to search again for Sell OP with stoploss for sell set on above that pivot line 0.9461

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

adx : 26.2096
+di : 13.1220
-di : 17.6626
timeframe : 1 hour

time : 0400
date : 19-11-2012

Cad/chf technical analysis for 19.11.2012 by using : Auto pivot indicator.

resistance 3:0.9529
resistance 2:0.9497
resistance 1:0.9472

pivot point :0.9440

support 1:0.9415
support 2:0.9383
support 3:0.9358

I think the next direction of CADCHF still not too clear. So, in my view, it will be better to wait CADCHF touch the nearest support and resistance level to determine the next trading decision. If CADCHF can break 0.9459 resistance, CADCHF has a chance to go up and reach the next resistance level at 0.9506. But if CADCHF can break 0.9417 support level, this pair may falls and has a possibility to reach the lower support level at 0.9369

The price on look bearish if then formed a nice bearish strong candle that can be move bellow that 38.2 fib (0.9442). So, search for sell only better after that 38.2 fib (0.9442) was truly can be break from top. But, on other hand - just be aware with sideways (first) as long as the price her still move above that 38.2 fib (0.9442) and bellow that pivot line (0.9461)

techincal Analys
Support & Resistance 19/11/2012
S3 0.9380 S2 0.9404 S1 0.9428
R1 0.9484 R2 0.9508 R3 0.9532
15 min timeframe

Cad/chf technical analysis for 20.11.2012 by using : Auto pivot indicator.

resistance 3:0.9493
resistance 2:0.9480
resistance 1:0.9456

pivot point :0.9443

support 1:0.9419
support 2:0.9406
support 3:0.9382