Thread: Eur/Chf
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As you see in the following attached chart,the pair now is moving within a narrow range between two levels (Resistance and Support), Bullish movements till 1.2289 expected in case of breaking the resistance level, otherwise falling down till 1.2119 will be expected
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Eur/chf analysis for 03.29.2013 by using pivot indicator.
r3: 1.2241
r2: 1.2221
r1: 1.2196
pivot: 1.2176
s1: 1.2151
s2: 1.2131
s3: 1.2106
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Eur/chf technical analysis by using moving averages.
date : 03.29.2013
time : 0115 GMT
time frame : 15 min
sma200 : 1.2184 signal- sell.
sma100 : 1.2181 signal- sell.
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.
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.
elliott extension wave down 1.2122 it should trade higer to 1.2202 or above 1.2215 in extention support at 1.2179 and 1.2173 stop loss below 1.2157
support and resistance
res2 1.2215
res1 1.2202
pivot 1.2186
sup1 1.2173
sup2 1.2157
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Pair has taken support near its old high of 1.21658, and it is also near red line support of 1.21270. This zone 1.21658 - 1.21270 is strong buying zone.
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.
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.
The bears rejected by support 2 area in TF H1, so the price is potential to increase and re-testing the upper trend channel. Meanwhile the price can breakout support 2 then a strong bearish will be continue there.
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As you see in my following attached chart, the pair was rebounded from the strong support level, now if the pair able to breaking the level of the1.2200 and the 4h Candle close above this level, bullish movements targeting 1.2286 will be expected.
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