Eur/Chf

Eur/chf technical analysis for 05.11.2012 by using : Auto pivot indicator.

resistance 3:1.2123
resistance 2:1.2107
resistance 1:1.2088

pivot point :1.2072

support 1:1.2053
support 2:1.2037
support 3:1.2018

In this pair, the decline towards the support area around 1.2060 to 1.2050 and then to 1.2108 rally. If the market penetrates 1.2021, it will damage the expected rally.

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

adx : 26.2925
+di : 17.4185
-di : 8.1899
timeframe : 1 hour

time : 1900
date : 05.11.2012

Elliott: irregular flat correction up 1.2133
Currently uptrend should end around 1.2074 - 1.2078 area. A correction down to below 1.2063 is expected. A rise above 1.2084 will abort the expected correction.
Warning: Harami
Technical points
Key point 1.2076
Entry point 1.2068
Elliott 1.2054
Closing 1.2072
Projection 1.2076
Trendline 1.2061
Trendline 1.2064
Supports / Resistances
Res 2 1.2084
Ex-High 1.2076
Res 1 1.2078
Pivot 1.2070
Sup 1 1.2063
Ex-Low 1.2061
Sup 2 1.2055

Spoiler:

http://sadpanda.us/images/1241468-4XKDTO3.png

In M15 chart, price is above the 12 EMA and 72 EMA indicates the trend is still up
21 RSI is above 50 indicates the trend is still up
Recommendation: BUY
Take profit: 1.2086

Currently uptrend should end around 1.2074 to 1.2078. Then the expected presence of a correction down to below 1.2063. A rise above 1.2084 will abort the expected correction.

EURCHF 07 Nov 2012
Elliott: elongated flat correction up 1.2147
Uptrend is still intact in a triangle configuration. It should continue to rally to 1.2087 or 1.2090 if support around 1.2079 hold. After which a pullback to 1.2079 - 1.2075 zone is possible.
Warning: Imminent end of bullish move
Technical points
Key point 1.2087
Entry point 1.2077
Elliott 1.2054
Closing 1.2082
Projection 1.2090
Trendline 1.2068
Trendline 1.2076
Supports / Resistances
Res 2 1.2098
Ex-High 1.2087
Res 1 1.2090
Pivot 1.2079
Sup 1 1.2071
Ex-Low 1.2068
Sup 2 1.2060

Eur/chf technical analysis for 07.11.2012 by using : Auto pivot indicator.

resistance 3:1.2114
resistance 2:1.2102
resistance 1:1.2092

pivot point :1.2080

support 1:1.2070
support 2:1.2058
support 3:1.2048

EURCHF likely to drop to 1.2054 or 1.2043. Resistance is at 1.2066 to 1.2084. A rise above 1.2084 would delay but not abort the expected decline.

Eur/chf technical analysis for 14.11.2012 by using : Auto pivot indicator.

resistance 3:1.2075
resistance 2:1.2066
resistance 1:1.2051

pivot point :1.2042

support 1:1.2027
support 2:1.2018
support 3:1.2003