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For the pair EUR / CHF, the time frame 1 H, 50 dan100 cross WMA indicator rose, while the AO and the MACD indicator is in the area sell. This shows that the pair EUR / CHF will go down first to the price range of 1.2095 before resuming the up trend. To buy transaction destinations, prices are in the range 1.2112 (resitance 1) and 1.2129 (resitance 2). Good luck .............
Spoiler:
In M30 chart, price is below the 12 EMA and 72 EMA indicates the trend is still down
21 RSI is below 50 indicates the trend is still down
Recommendation: SELL
Take profit: 1.2081
PRECIOUS-Gold ticks lower on equities, Fed in focus
Cash gold to drop to $1,703 -technicals
* Coming up: Fed starts two-day policy meeting
(Updates prices)
By Lewa Pardomuan
SINGAPORE, Oct 23 (Reuters) - Gold edged lower after
equities gave up early gains on Tuesday, although demand from
jewellers helped prices rebound from their lowest in more than a
month as investors waited on the results of a U.S. Federal
Reserve meeting.
Even though the Fed is likely to hold off from new moves at
its two-day gathering after taking significant action last
month, its policy statement on Wednesday will be closely
scrutinised.
The Pivot Point (PPV) is used as support and resistance at the same time; it is the first level that we observe. For this week the pivot points (weekly and monthly) for GBP/USD are: 1.6184 weekly; 1.6100 monthly.
The British pound is located bellow the pivot weekly and above the Moving Average of 200 periods (blue). Therefore,
---------- Post added at 03:32 PM ---------- Previous post was at 03:28 PM ----------
For this week the pivot points (weekly and monthly) for AUD/USD are: 1.0393 weekly; 1.0389 monthly.
The Australian dollar is close above the weekly pivot and above the Moving Average of 200 periods (blue). Therefore, the pivot points show the following.
The weekly pivot level of 1.0393 serves as resistance, a close above this...
eur/chf technical analysis by using : average directional movement index
adx : 19.7738
+di : 14.6904
-di : 13.9020
timeframe : 1 hour
time : 2000
date : 23.10.2012
the Swissie was steady against the euro with EUR/CHF easing 0.05%, to hit 1.2099.
Markets were expected to remain subdued ahead of the release later in the week of U.S. data including monthly new home sales, durable goods orders and third-quarter GDP figures.
Elliott: extended impulse wave up 1.2163
Uptrend is still intact in a triangle configuration. It should continue to rally to 1.2111 or 1.2116 if support around 1.2105 hold. After which a pullback to 1.2105 - 1.2102 zone is possible.
Technical points
Key point 1.2117
Entry point 1.2104
Elliott 1.2082
Closing 1.2110
Projection 1.2133
Trendline 1.2092
Trendline 1.2104
Supports / Resistances
Res 2 1.2122
Ex-High 1.2111
Res 1 1.2116
Pivot 1.2105
Sup 1 1.2099
Ex-Low 1.2094
Sup 2 1.2088
Eur/chf technical analysis for 24.10.2012 by using : Auto pivot indicator.
resistance 3:1.2139
resistance 2:1.2126
resistance 1:1.2118
pivot point :1.2105
support 1:1.2097
support 2:1.2084
support 3:1.2076
In this pair, area 1.2000 / 1.2060 strong level (Support) will be formed giving a clear signal to the purchase of the target seen at 1.2270.
eur/chf technical analysis by using : average directional movement index
adx : 16.0843
+di : 9.6640
-di : 13.3246
timeframe : 1 hour
time : 2000
date : 24.10.2012