EUR/CHF Support and Resistance 26/11/2012
S3 1.1969 S2 1.1999 S1 1.2029
R1 1.2049 R2 1.2079 R3 1.2109
indicators:
MACD(26,12,9):Neutral
CCI(14) :sell
MOMENTUM(10) :buy
Thread: Eur/Chf
EUR/CHF Support and Resistance 26/11/2012
S3 1.1969 S2 1.1999 S1 1.2029
R1 1.2049 R2 1.2079 R3 1.2109
indicators:
MACD(26,12,9):Neutral
CCI(14) :sell
MOMENTUM(10) :buy
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EURCHF prospects is visible to the recovery from 1.2044 to 1.2048, after earlier touching in the range of 1.2037 support area. After this increase, expected a decline as a correction to a limited extent to the support area.
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eur/chf technical analysis by using : average directional movement index
adx : 35.3721
+di : 17.8904
-di : 10.6420
timeframe : 1 hour
time : 1600
date : 26.11.2012
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INTRADAY TRADING SIGNAL
EURCHF M30
Try zoom out your m30 charts, you can see how ranging EURCHF has been since early november. Since price has been ranging at the recent lowest, I think it has now formed a strong support for EURCHF. Thus, I expect price to go up to 1.2046 to test its nearest resistance level. You can see how price reacts at this resistance levels before..![]()
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* US Equities continued to hover sideways on Thursday, ending broadly unchanged for a third consecutive session. This morning, also Asian shares trade directionless ahead of the long weekend in the US and parts of Europe.
* According to sources late on Thursday, Bankia will ask for an additional €3B state aid when it presents it restructuring plans today. Bankia is the weak spot in Spain’s fragile banking system
* Beijing is outlining a series of steps to prop up growth as evidence gathers that the Chinese economy continued to slow in May, the WSJ reports, saying that a massive stimulus package remains unlikely, but Beijing is instead turning to a patchwork of initiatives across various areas.
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This EURCHF pair still bearish. On my see - the price on try again to re-test that lower trendline (near the price 1.2030). So, with simple say searching again for sell OP with target for profit near that 1.2030
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Eur/chf technical analysis for 26.11.2012 by using : Auto pivot indicator.
resistance 3:1.2073
resistance 2:1.2065
resistance 1:1.2053
pivot point :1.2045
support 1:1.2033
support 2:1.2025
support 3:1.2013
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Scenario for today
Elliott: crucial reversal point 1.1989
Preferred outlook is for a drift down to below 1.2027. Resistances are at 1.2041 and 1.2044. A rise above 1.2048 would delay but not abort this expected fall.
Warning: Engulfing pattern
Technical points
Key point 1.2036
Entry point 1.2045
Elliott 1.2054
Closing 1.2041
Projection 1.2036
Trendline 1.2045
Trendline 1.2045
Supports / Resistances
Res 2 1.2061
Ex-High 1.2054
Res 1 1.2051
Pivot 1.2044
Sup 1 1.2034
Ex-Low 1.2037
Sup 2 1.2027
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EURCHF on still look bearish. The bearish price here on try and try again to re-test that demand 1.2033. On my see - if then seller also was break down more to that demand 1.2033 . it's probably to more bearish continuation and search for sell here
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Scenario for the week
Elliott: extension wave down 1.1988
It looks set to visit further lower territory down to around 1.2038 - 1.2032. Its corrective attempts should fail ahead of 1.2049 or 1.2053. Stop loss above 1.2066 zone.
Warning: Harami
Technical points
Key point 1.2035
Entry point 1.2039
Elliott 1.2143
Closing 1.2041
Projection 1.2008
Trendline 1.2047
Trendline 1.2046
Supports / Resistances
Res 2 1.2066
Ex-High 1.2057
Res 1 1.2053
Pivot 1.2045
Sup 1 1.2032
Ex-Low 1.2036
Sup 2 1.2023
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