Eur/Chf

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

adx : 42.3877
+di : 4.3963
-di : 32.2828
timeframe : 1 hour

time : 2000
date : 01.11.2012

Elliott: crucial reversal point 1.2008
It looks set to visit further lower territory down to around 1.2057 - 1.2050. Its corrective attempts should fail ahead of 1.2070 or 1.2075. Stop loss above 1.2091 zone.
Warning: End of trend - Imminent end of bearish move
Technical points
Key point 1.2057
Entry point 1.2068
Elliott 1.2112
Closing 1.2060
Projection 1.2046
Trendline 1.2079
Trendline 1.2073
Supports / Resistances
Res 2 1.2091
Ex-High 1.2080
Res 1 1.2075
Pivot 1.2065
Sup 1 1.2050
Ex-Low 1.2054
Sup 2 1.2039

Overall outlook in EUR/CHF remains unchanged. Consolidation from 1.2184 is still in progress. But downside should be contained by 1.2035 minor support and bring recovery. There is no scope for a strong rally in near term and more consolidation would likely be seen. But a break of 1.2142 minor resistance will now argue that EUR/CHF is building upside momentum again and would turn focus back

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

adx : 26.2152
+di : 11.3055
-di : 12.1277
timeframe : 1 hour

time : 2000
date : 02.11.2012

Today my prediction about eur/chf is hitted the sell stop.and the total profit is 60pips. ( atleast you can gain 30 pips minimum) .after 1.1863 this go for reverse direction and hit the 1.1931 mean if you give the reverse buy order as mentioned 1.1915 you can get the 16 pips atleast.
no more trade today. because this is friday. open again in monday. till then happy profit.

EUR/CHF spiraled lower to 1.2053 last week before recovering again. Overall outlook remains unchanged as correction fro 1.2184 is still in progress and could extend low. But we'd expect downside to be contained by 1.2035 minor support and bring recovery. There is no scope for a strong rally in near term and more consolidation would likely be seen. But a break of 1.2142 minor resistance will now argue that EUR/CHF is building upside momentum again and would turn focus back to 1.2184 resistance.

trend line as you see in the chart. good forex forum fast forum indian trading forex fast

Elliott: elongated flat correction up 1.2140
Any possible decline should be supported around 1.2055 - 1.2039 zone for rally to above 1.2108. A clear break of 1.2021 will damage this expected rally.
Technical points
Key point 1.2068
Entry point 1.2063
Elliott 1.2054
Closing 1.2071
Projection 1.2090
Trendline 1.2057
Trendline 1.2060
Supports / Resistances
Res 2 1.2108
Ex-High 1.2092
Res 1 1.2090
Pivot 1.2073
Sup 1 1.2055
Ex-Low 1.2057
Sup 2 1.2039

Today’s technical analysis
Price is open below the pivot point-
Resistance 3- 1.2121
Resistance 2- 1.2105
Resistance 1- 1.2087
Pivot point- 1.2071
Support 1- 1.2052
Support 2- 1.2037
Support 3- 1.2018
According to rsi price is going to upside because ris is come out from over sold level. But i think 1.2080 level is offering as a good resistance if this level is break then we can see up movement continue to 1.2087

Spoiler:

http://i.imgur.com/0jOeM.png

At the H4 chart, the price is below 12 EMA (red) and 72 EMA (blue) indicates the trend is still down
21 RSI is below 50 indicates the trend is still down
Recommendation: SELL
Target: 1.2036