Day = 2019.04.08
Pair = AUDCHF
Time Frame = Hourly
Results of analysis of the daily pivot point calculations :
I see this pair still in strong bearish movement . If this pair can break the 1. support level, I predict this pair will go down to the next support at 0.7059 But if this pair go up and break 0.7009. resistent level, I predict this pair will make some correction to the next resistent level at around 0.7110
Sell signal is indicated from the Simple Moving Average and Bollinger Bands indicator . I suggest to entry Sell with stoploss at 0.7094 and take profit at 0.7009
my advice .. don’t use high risk and please stop trading if the target has been reached, we should avoid greedy.
This calculation is not a reference to create the opening position but merely an approximate calculation of the price movement. I am not responsible for any errors that occur because the only information from the previous calculation
resistent level 1 - 0.7224
resistent level 2 - 0.7186
resistent level 3 - 0.7152
support level 1 - 0.7076
support level 2 - 0.7040
support level 3 - 0.7005