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March 18, 2015 update:
The price of the pair moves starting wave (1.0515) It is noted that the limits of the line the main direction drawn to this wave along the between-level (1.0691) and (1.0614 It is worth mentioning that the current wave goal access to the area (1.0733) and with respect to trades that day will be watching the movement Price among level (1.0697) and level (1.0671) to seize the opportunity of early entry, technical studies indicate that in the case of a sale, the nearest level can be tested is (1.0618) In the case of increased sales to close four hours below this level, the downward trend will continue, On the other hand, in the case of purchases is the closest level to be tested is (1.0673) and in the case of increasing purchases four-hour closing candle above this level, the upward trend will continue, support and resistance levels are as follows: support first (1.0628) - the second support (1.0595) - First resistance (1.0683) - second resistance (1.0706).
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Pair today to break 1.2536 support and is now standing at the 1.2410 support and saturated propelled RSI index I expect will continue to decline to 1.2375 and boarding
Selling the pair from 1.2420 level with targets at 1.2364 and 1.2321 in the case of breaking the 1.2455 level so buying from this level targets at 1.2604 and 1.2573
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March 19, 2015 update:
The price of the pair moves starting wave (1.0673) It is noted that the limits of the line the main direction drawn to this wave along the between-level (1.0666) and (1.0669 It is worth mentioning that the current wave goal access to the area (1.0576) and with respect to trades that day will be watching the movement Price among level (1.0657) and level (1.0663) to seize the opportunity of early entry, technical studies indicate that in the case of a sale, the nearest level can be tested is (1.0564) In the case of increased sales to close four hours below this level, the downward trend will continue, On the other hand, in the case of purchases is the closest level to be tested is (1.0669) and in the case of increasing purchases four-hour closing candle above this level, the upward trend will continue, support and resistance levels are as follows: support first (1.0577) - the second support (1.0518) - First resistance (1.0683) - second resistance (1.0729).
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Daily Forecast
Pair: EURCHF
Major Trend: Bearish
Time Frame: H1
Reason: Possible market will still be a correction to the pivot point at 1.0593. After that, the market will be heading to 1.0529
Recommendation: Sell limit at 1.0593
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March 20, 2015 update:
The price of the pair moves starting wave (1.0701) It is noted that the limits of the line the main direction drawn to this wave along the between-level (1.0616) and (1.0616 It is worth mentioning that the current wave goal access to the area (1.0401) and with respect to trades that day will be watching the movement Price among level (1.0491) and level (1.0596) to seize the opportunity of early entry, technical studies indicate that in the case of a sale, the nearest level can be tested is (1.0530) In the case of increased sales to close four hours below this level, the downward trend will continue, On the other hand, in the case of purchases is the closest level to be tested is (1.0701) and in the case of increasing purchases four-hour closing candle above this level, the upward trend will continue, support and resistance levels are as follows: support first (1.0489) - the second support (1.0424) - First resistance (1.0659) - second resistance (1.0766).
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1 Attachment(s)
EURCHF
ON 4 hour time frame , we can find nice triangle and we will wait the price on 1.0680 -1.0720 i think this chance
but sure we need to wait good level to enter the market
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The pair is now testing resistance level 1.0736, if the level is broken, EURCHF may continue rise towards 1.0636 or more. But if it fails to break the level, the pair may goes down towards 1.0536. I think this pair was moved too high and possible to make a correction.
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March 23, 2015 update:
The price of the pair moves starting wave (1.0701) It is noted that the limits of the line the main direction drawn to this wave along the between-level (1.0479) and (1.0590 It is worth mentioning that the current wave goal access to the area (1.0515) and with respect to trades that day will be watching the movement Price among level (1.0502) and level (1.0518) to seize the opportunity of early entry, technical studies indicate that in the case of a sale, the nearest level can be tested is (1.0528) In the case of increased sales to close four hours below this level, the downward trend will continue, On the other hand, in the case of purchases is the closest level to be tested is (1.0590) and in the case of increasing purchases four-hour closing candle above this level, the upward trend will continue, support and resistance levels are as follows: support first (1.0524) - the second support (1.0495) - First resistance (1.0586) - second resistance (1.0619).
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Daily Forecast
Pair: EURCHF
Major Trend: sideways
Time Frame: H1
Reason: Gap has closed at the pivot point at 1.0556, then towards 1.0617 predicted the market would
Recommendation: Buy limit at 1.0556
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March 24, 2015 update:
The price of the pair moves starting wave (1.0528) It is noted that the limits of the line the main direction drawn to this wave along the between-level (1.0569) and (1.0549 It is worth mentioning that the current wave goal access to the area (1.0594) and with respect to trades that day will be watching the movement Price among level (1.0578) and level (1.0569) to seize the opportunity of early entry, technical studies indicate that in the case of a sale, the nearest level can be tested is (1.0549) In the case of increased sales to close four hours below this level, the downward trend will continue, On the other hand, in the case of purchases is the closest level to be tested is (1.0601) and in the case of increasing purchases four-hour closing candle above this level, the upward trend will continue, support and resistance levels are as follows: support first (1.0549) - the second support (1.0523) - First resistance (1.0601) - second resistance (1.0627).
Spoiler: