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  1. #1
    Legendry Member willyw's Avatar

    Hot USD/CHF Weekly Trading Insights !!!

    USD/CHF WEEKLY as of Monday, 18 March, 2013
    A Weekly black body has formed (because prices closed lower than they opened).
    For the past 10 Weekly candlestick bars as of 15/03/2013, there are 6 white candles versus 4 black candles with a net of 2 white candles.
    For the past 50 Weekly candlestick bars as of 15/03/2013, there are 25 white candles versus 24 black candles with a net of 1 white candles.
    A Weekly engulfing bearish line has formed (where a black candle's real body completely contains the previous white candle's real body). The engulfing bearish pattern is bearish during an uptrend (which appears to be the case with US Dollar / Swiss Franc). It signifies that the momentum may be shifting from the bulls to the bears.
    If the engulfing bearish pattern occurs during a downtrend, it may be a last engulfing bottom which indicates a bullish reversal. The test to see if this is the case is if the next candle closes above the bottom the current (black) candle's real body.
    Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for US Dollar / Swiss Franc. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.
    The present wave patterns are:
    fast amplitude (8%): bullish wave 2
    moderate amplitude (13%): bullish wave 1
    normal amplitude (21%): bullish wave 1
    US Dollar / Swiss Franc is long term Bearish as the 144 days moving average of 0.95 is decreasing. The Relative Strength Index is at 52.38 in the neutral territory. The Relative Momentum Index is at 54.15 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.01, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 88.36. This value is in the overbought territory.
    Attached Thumbnails Attached Thumbnails chf-candle-w.jpg   chf-wave-w.jpg  

  2. #2
    Legendry Member willyw's Avatar
    USD/CHF DAILY as of Tuesday, 26 March, 2013
    A Daily big white candle has formed. This is a bullish candle as prices closed significantly higher than they opened. If the candle appears when prices are "low," it may be the first sign of a bottom. If it occurs when prices are rebounding off a support area (e.g., a moving average, trend line, or retracement level), the long white candle adds credibility to the support. Similarly, if the candle appears during a breakout above a resistance area, the long white candle adds credibility to the breakout.
    For the past 10 Daily candlestick bars as of 25/03/2013, there are 5 white candles versus 5 black candles.
    For the past 50 Daily candlestick bars as of 25/03/2013, there are 24 white candles versus 26 black candles with a net of 2 black candles.
    A Daily engulfing bullish line has formed (where a white candle's real body completely contains the previous black candle's real body). The engulfing bullish pattern is bullish during a downtrend. It then signifies that the momentum may be shifting from the bears to the bulls.
    If the engulfing bullish pattern occurs during an uptrend (which appears to be the case with US Dollar / Swiss Franc), it may be a last engulfing top which indicates a top. The test to see if this is the case is if the next candle closes below the top of the current (white) candle's real body.A Daily piercing line has formed (which indicates that prices moved down on the previous bar, opened even lower, but then closed significantly higher). This implies strength as the momentum appears to be shifting from the bears to the bulls. Note that the higher the close of the white candle (relative to the black candle), the more bullish the Piercing Line pattern.
    SAR trigger a sell signal 6 days ago.
    The close is currently
    ABOVE its 200 daily moving average
    ABOVE its 50 daily moving average
    ABOVE its 20 daily moving average
    The current market condition for US Dollar / Swiss Franc is Very Bullish

  3. #3
    Legendry Member willyw's Avatar

    Usd/chf daily !!!

    USD/CHF DAILY as of Thursday, 28 March, 2013
    USD/ CHF daily prices has set a new 14-period high while the RSI has not. This is a BEARISH DIVERGENCE.
    A SAR Buy signal was generated yesterday. If short, this might be a good place to exit.
    The close is currently
    ABOVE its 200 daily moving average
    ABOVE its 50 daily moving average
    ABOVE its 20 daily moving average
    The current market condition for US Dollar / Swiss Franc is Very Bullish
    Sell USD/CHF intraday with profit target at 0.9494 with stop loss at 0.9599
    R30.9675
    R20.9599
    R10.957
    Pivot 0.9523
    S10.9494
    S20.9447
    S30.9371
    Attached Thumbnails Attached Thumbnails CHF-RSI-D.jpg   CHF-SAR-D.jpg  

  4. #4
    Legendry Member willyw's Avatar

    USD/CHF DAILY as of Thursday, 11 April, 2013 !!!

    USD/CHF yesterday closed with a a daily white body. A Daily hammer formed (a hammer has a long lower shadow and closes near the high). Hammers must appear after a significant decline or when prices are oversold(which appears to be the case with US Dollar / Swiss Franc) to be valid. When this occurs, it usually indicates the formation of a support level and is thus considered a bullish pattern.A Daily hanging man has formed (a hanging man has a very long lower shadow and a small real body). This pattern can be bullish or bearish, depending on the trend. If it occurs during an uptrend it is called a hanging man line and signifies a reversal top. If it occurs during a downtrend(which appears to be the case with US Dollar / Swiss Franc) it is called a bullish hammer.A Daily long lower shadow has formed. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).A Daily spinning top has formed (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.
    SAR generated a Sell signal 5 days ago.
    The close is currently
    BELOW its 200 daily moving average
    BELOW its 50 daily moving average
    BELOW its 20 daily moving average
    The current market condition for US Dollar / Swiss Franc is Very Bearish
    US Dollar / Swiss Franc closed above the lower Bollinger Band by 2.9%. Bollinger Bands are 23.89% narrower than normal. The current width of the Bollinger Bands does not suggest anything conclusive about the future volatility or movement of prices
    Attached Thumbnails Attached Thumbnails chf-bband-d.jpg   chf-cnadle-d.jpg  

  5. #5
    Legendry Member willyw's Avatar

    USD/CHF DAILY as of Monday, 06 May, 2013 !!!

    CHF/USD closes with a Daily white body last Friday.
    For the past 10 Daily candlestick bars, there are 5 white candles and 5 black candles.
    For the past 50 Daily candlestick bars, there are 24 white candles and 26 black candles with a net of 2 black candles.
    A Daily spinning top has formed (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action as defined by the difference between the open and the close. During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.
    MACD is currently BEARISH. The MACD is currently below the signal line. The MACD crossed below the signal line 3 days ago. Since the MACD crossed the MACD moving average, US Dollar / Swiss Franc's price has increased 0.88%, and has fluctuate from a high of 0.940 to a low of 0.925.
    SAR signal was a Sell 4 days ago.
    The close is currently
    ABOVE its 200 daily moving average
    BELOW its 50 daily moving average
    BELOW its 20 daily moving average
    The current market condition for US Dollar / Swiss Franc is Mildly Bullish
    Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for US Dollar / Swiss Franc. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.
    The present wave patterns are:
    fast amplitude (8%): bullish wave 2
    moderate amplitude (13%): bullish wave 1

    normal amplitude (21%): bullish wave 1
    US Dollar / Swiss Franc is long term Bullish as the 144 days moving average of 0.93 is increasing. The Relative Strength Index is at 48.43 in the neutral territory. The Relative Momentum Index is at 43.48 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at -0.00, in negative territory; this is a bearish sign. An equally important indicator, the STORSI is at 28.14. This value is in the oversold territory.
    Attached Thumbnails Attached Thumbnails chf-candle-d.jpg  

  6. #6
    Legendry Member willyw's Avatar
    Hi members, I have started a new thread for techncial analysis for all the ccy pairs in one single thread. As such this thread will be closed.

    My new thread for my technical analysis is http://forums.binaryoptionsthatsuck....nical-Analysis

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