{"id":14230,"date":"2010-10-20T04:47:30","date_gmt":"2010-10-20T08:47:30","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=14230"},"modified":"2010-10-20T04:47:30","modified_gmt":"2010-10-20T08:47:30","slug":"forex-daily-analysis-20-10-2010","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/10\/20\/forex-daily-analysis-20-10-2010\/","title":{"rendered":"Forex daily analysis 20-10-2010"},"content":{"rendered":"<p>USD\/CHF<\/p>\n<p>Daily graph: <a href=\"http:\/\/www.real-forex.com\/charts-daily\/201010\/CHF_DAILY_201010.JPG\">http:\/\/www.real-forex.com\/charts-daily\/201010\/CHF_DAILY_201010.JPG<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.real-forex.com\/charts-daily\/yoel\/20-10-2010\/CHF_DAILY_201010.jpg\" alt=\"USD\/CHF daily\" width=\"314\" height=\"196\" \/><\/p>\n<p>The pair briefly stopped its long downtrend started a few weeks ago, and corrected it by about 33% until the level of 0.9757. Our analysis estimate a high probability for the correction to stop here and the decrease to come back, creating an opportunity for a \u201cShort\u201d transaction.<\/p>\n<p>A deceasing configuration on 1-hour graph should appear in order to confirm our estimates.<\/p>\n<p>One &#8211; Hour graph: <a href=\"http:\/\/www.real-forex.com\/charts-daily\/201010\/CHF_1H_201010.JPG\">http:\/\/www.real-forex.com\/charts-daily\/201010\/CHF_1H_201010.JPG<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.real-forex.com\/charts-daily\/yoel\/20-10-2010\/CHF_1H_201010.jpg\" alt=\"USD\/CHF 1H\" width=\"314\" height=\"196\" \/><\/p>\n<p>Potential trade:<\/p>\n<p>The required configuration should appear once the support 0.9692 crossed down ward.<\/p>\n<ul>\n<li>\u201cLimit\u201d order on \u201cShort\u201d position 10 pips below the mentioned support \u2013 0.9682.<\/li>\n<li>\u201cStop Loss\u201d on the last high occurred \u2013 0.9723.<\/li>\n<li>\u201cTake Profit\u201d on the next support level \u2013 0.9651.<\/li>\n<\/ul>\n<p>Notice: There is a possibility for the trend to keep decreasing for about 10 pips and then a correction of 50% to 61.8% may occur.<\/p>\n<p>USD\/CAD<\/p>\n<p>Daily graph: <a href=\"http:\/\/www.real-forex.com\/charts-daily\/201010\/CAD_DAILY_201010.JPG\">http:\/\/www.real-forex.com\/charts-daily\/201010\/CAD_DAILY_201010.JPG<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.real-forex.com\/charts-daily\/yoel\/20-10-2010\/CAD_DAILY_201010.jpg\" alt=\"USD\/CAD daily\" width=\"314\" height=\"196\" \/><\/p>\n<p>As opposed to our estimations, the uptrend didn\u2019t stop and last session\u2019s candle was quite long and relevant. This candle just reached the resistance 1.0376.<\/p>\n<p>Please pay attention to the following points:<\/p>\n<ul>\n<li>The intensity of the last two sessions.<\/li>\n<li>Regarding several weeks ago, the pair doesn\u2019t follow any specific trend.<\/li>\n<\/ul>\n<p>Those facts suggest the pair won\u2019t be stopped by the mentioned resistance but will break it and reach the next resistance at 1.0513.<\/p>\n<p>Such an event may occur after a light technical correction, and once the resistance crossed upward on one-hour graph. For those who believe the pair will not be stopped at 1.0513 but later, our estimations suggest an additional resistance at 1.0674.<\/p>\n<p>No matter how long you believe the current trend will last, we suggest several levels of \u201cTake Profit\u201d on the way.<\/p>\n<p>Have a profitable day!<\/p>\n<p><a href=\"http:\/\/www.real-forex.com\">Real-Forex team. <img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.real-forex.com\/charts-daily\/164x30.jpg\" alt=\"logo\" width=\"164\" height=\"30\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The pair briefly stopped its long downtrend started a few weeks ago, and corrected it by about 33% until the level of 0.9757. Our analysis estimate a high probability for the correction to stop here and the decrease to come back, creating an opportunity for a \u201cShort\u201d transaction.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-14230","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/14230","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=14230"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/14230\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=14230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=14230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=14230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}