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EURCHF starting to look is in the oversold area, but if prices can not rise above the pivot, the possibility of the pair is still going down to the 1.2265 level. Opportunities rise will occur if the broken pivot targets will lead to a level of 1.2322
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EURCHF looks slightly declined in price support area at 1.2289 price range. If EURCHF able to hold above this area, the rising trend could continue until the resistance area at 1.2309 price range
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Technical Analysis EURCHF
EURCHF: SELL
BID PRICE 1.2301
EXPONENTIAL MA 20 1.2299 NEUTRAL
EXPONENTIAL MA 50 1.2305 SELL
EXPONENTIAL MA 100 1.2324 SELL
PARABOLIC SAR 0.02/0.2 1.2311 SELL
RSI 14 44.86 SELL
MACD SELL 12,26.9 -0.0090
Support: 1.2287
Pivot: 1.2299
Resistance: 1.2308
Trend: Bearish.
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EURCHF looks managed to rise above resistance level 1, it is likely the pair will continue rising to a level of 1.2313 to 1.2322, but if the price broke down below the R1, this pair will probably go back down to the pivot level.
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Technical points
Key point 1.2300
Entry point 1.2295
Elliott 1.2277
Closing 1.2299
Projection 1.2313
trendline 1.2292
trendline 1.2293
Supports / resistances
Res 2 1.2322
Ex-High 1.2311
Res 1 1.2311
pivot 1.2299
1 soup 1.2288
Ex-Low 1.2288
Sup 2 1.2276
Slightly Bearish
Likely to fall into the range of 1.2288 - 1.2276
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EURCHF looks to be in oversold area, it is likely the pair will rise to the level of the pivot, and if the pivot breaks, likely the movement will continue to the 1.2299 level. In the reverse direction if the decline continues to support level 1.2264 and got through it, this pair will probably continue to fall to the level of 1.2251.
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Technical points
Key point 1.2262
Entry point 1.2287
Elliott 1.2311
Closing 1.2277
Projection 1.2256
trendline 1.2296
trendline 1.2296
Supports / resistances
Res 2 1.2324
Ex-High 1.2311
Res 1 1.2301
pivot 1.2288
1 soup 1.2264
Ex-Low 1.2274
Sup 2 1.2251
Slightly Bearish
Likely to fall into the range of 1.2264 - 1.2251
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Lowest Price make the latest.
Current price makes retrace up to close the gap this morning at 23.6% FR
Strengthening may continue with the target at 38.2% maximum FR
TFH4 Bearish Trend
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Technical Analysis EURCHF
EURCHF: SELL
BID PRICE 1.2220
EXPONENTIAL MA 20 1.2241 SELL
EXPONENTIAL MA 50 1.2261 SELL
EXPONENTIAL MA 100 1.2292 SELL
PARABOLIC SAR 0.02/0.2 1.2254 SELL
RSI 14 21.98 SELL
MACD SELL 12,26.9 -0.0229
Support: 1.2213
Pivot: 1.2225
Resistance: 1.2236
Trend: Bearish.
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Gap also occurs in EURCHF, and look downward movement restrained by the support level 2, with prices already on the OS area, the possibility of a gap to be closed today. However, if the support level 2 successfully diaptahkan, it is likely the pair will drop to as low as 1.2189
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Technical Analysis EURCHF
EURCHF: BUY
BID PRICE 1.2260
EXPONENTIAL MA 20 1.2246 BUY
EXPONENTIAL MA 50 1.2241 BUY
EXPONENTIAL MA 100 1.2242 BUY
PARABOLIC SAR BUY 1.2226 0.02/0.2
RSI 14 64.34 BUY
MACD 12,26.9 0.0054 BUY
Support: 1.2216
Pivot: 1.2241
Resistance: 1.2266
Trend: Bullish.
Last edited by surya (10/01/2013 11:20 am)