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Support: 1.2024
Pivot: 1.2048
Resistance: 1.2072
trendspotter sell
7 day average directional indicator buy
10-8 day MA hilo channel hold
20 day MA VS Price buy
20-50 Day MACD oscillator sell
20 Day Bollinger Bands hold
Technical analysis for EURCHF 20% Buy
Scenario for next week
Elliott: flat correction up 1.2115
It should trade higher to 1.2064 while 1.2047 or 1.2041 offers support. Stop loss below 1.2035 zone.
Warning: Engulfing pattern
Technical points
Key point 1.2059
Entry point 1.2045
Elliott 1.2030
Closing 1.2052
Projection 1.2073
Trendline 1.2046
Trendline 1.2046
Supports / Resistances
Res 2 1.2076
Ex-High 1.2059
Res 1 1.2064
Pivot 1.2047
Sup 1 1.2035
Ex-Low 1.2030
Sup 2 1.2018
Eur/chf technical analysis for 03.12.2012 by using : Auto pivot indicator.
resistance 3:1.2093
resistance 2:1.2077
resistance 1:1.2066
pivot point :1.2050
support 1:1.2039
support 2:1.2023
support 3:1.2012
here was formed a quite nice bearish pinbar on several candle ago (on 4H TF) . So, of course, this still can probably to be bearish. On my see ; if the price can move down to more that 38.2 fibo (1.2047) . yes, that's good time for search sell again here
Support: 1.2023
Pivot: 1.2074
Resistance: 1.2125
trendspotter buy
7 day average directional indicator buy
10-8 day MA hilo channel buy
20 day MA VS Price buy
20-50 Day MACD oscillator sell
20 Day Bollinger Bands buy
Technical analysis for EURCHF 60% Buy
The EUR / CHF pair showed today the biggest increase since September 2012 when the Credit Suisse Group AG informed some its customers that it will introduce negative interest rates on their cash balances holds in Swiss francs.
On the H1 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: 1.2146/1.2171
Support: 1.2052
Pivot: 1.2118
Resistance: 1.2184
trendspotter buy
7 day average directional indicator buy
10-8 day MA hilo channel buy
20 day MA VS Price buy
20-50 Day MACD oscillator sell
20 Day Bollinger Bands buy
Technical analysis for EURCHF 60% Buy
I say weak as long as the buyer can not break up again more to that strong resistance (at 1.2144) So just wait and see it's more better decision (of course).
On expectations that other banks will join the yesterday’s decision of the Credit Suisse Group AG of charging interest for holding deposits in francs, the Swiss franc fell to 11-week low against the euro.
Spoiler: