eur/chf market analysis on 17.05.2013 by using : average directional movement index
adx : 25.0951
+di : 22.7652
-di : 12.6980
time : 1500
timeframe : 1 hour
Thread: Eur/Chf
eur/chf market analysis on 17.05.2013 by using : average directional movement index
adx : 25.0951
+di : 22.7652
-di : 12.6980
time : 1500
timeframe : 1 hour
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Pivot levels today:
R3: 1.2576
R2: 1.2530
R1: 1.2477
PP: 1.2430
S1: 1.2376
S2: 1.2330
S3: 1.2280
Comment: Price now below the daily pivot level, also it is below the 55 SMA, so more fall is expected.
Forecast: Price may fall to 1.2330.
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Eur/chf pivot levels by using fibonacci pivot indicator.
r3: 1.2534
r2: 1.2495
r1: 1.2471
pivot : 1.2432
s1: 1.2393
s2: 1.2369
s3: 1.2330
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Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
EURCHF,H1
Date 2013.05.17
Time 02:00
Open 1.2425
High 1.2426
Low 1.2423
Close 1.2426
Volume 28
SMA(5) 1.2424
SMA(10) 1.2412
SMA(20) 1.2427
SMA(50) 1.2450
SMA(100) 1.2439
SAR 1.2439
Indicator window 1
Stoch(5,3,3) 82.0755
Signal 82.0503
Indicator window 2
RSI(14) 48.5293
Indicator window 3
MACD(12,26,9) -0.00072
Signal -0.00108
Indicator window 4
%R(14) -42.6667
based on combination of indicators above,
trend : NEUTRAL
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eliott irregular flat correction down 1.23454 it is likelly to fall towards 1.2406 - 1.2379 as its corrective rally could flater in 1.2455 - 1.2455 - 1.2479 area stop above 1.2531
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Still shorting this Pair.
But I think it will now retrace to 1.2440. Here Price should fall to 1.2360!
So inserting an Sell Limit @ 1.2440 with SL @ 1.2500. TP @ ...
EUR/CHF pic
Last edited by forexlegend; 2013-05-16 at 11:45 PM.
Hi,,,
in the chart 1h we can see the pair will go to down way in the future
I see the pair will go to 1.2351
I expect from this analyze that the price will go to down way
so sell from 1.2401 to 1.2351
good luck
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although the price has reached the target of 20 pips from the zone seller, if you look at the EURCHF currency pair h1 timeframe, this shows a very strong bearish situation, so that the movement is still dominant to sell, reversal prediction for the current EURCHF at 1.2380 price
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