GBPCHF previous day range 79 points, 25% of the range 20 points
Enter Buy at 1.4449, stop loss at 1.4410, max take profit at 1.4491
Enter Sell at 1.4410, stop loss at 1.4449, max take profit at 1.4381
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GBPCHF previous day range 79 points, 25% of the range 20 points
Enter Buy at 1.4449, stop loss at 1.4410, max take profit at 1.4491
Enter Sell at 1.4410, stop loss at 1.4449, max take profit at 1.4381
Analysis result GBP CHF 01 FEBRUARY 2013
SIDEWAYS, UP TREND (WEAK)
Signal 20 pips : BUY @ 1.4433 Set S/L @ 1.4403 Set TP @ 1.4453
Signal Breakout : BUY @ 1.4453 Set S/L @ 1.4423 Set TP @ 1.4473
Reversal Prediction HIGH : 1.4483
Spoiler:
The position of the current price is below 50 EMA on the daily chart, momentum is bearish
The position of the MACD iscross the line under area 0, the momentum is bearish
Trend today: Bearish
Target today:1.4158
according to h1 time frame we can see that price is hold at the support level at 1.4302 it is also making some doji pattern that will a signal for upcoming up movement. we can long this pair with stop loss 1.4285 and target is 1.4381
in the h4 time frame it is moving up side. the price is 1.4300 is a support at the time we can see stoch is giving us short signal but in chart we must to break the support 1.4300. at the time macd will also give short signal. we can hold short positon to the support level at 1.4210
Gbp/chf analysis by using : moving averages.
ema5 : 1.4207 signal- sell.
ema10:1.4205 signal- buy.
ema20:1.4207 signal- buy.
time : 03:45 GMT
The position of the current price is below 50 EMA on the Daily chart, momentum is bearish
The position of the MACD iscross the line under area 0, the momentum is bearish
Trend today: Bearish
Target today:1.3766
macd indicator is ready to give us long signal in h1 time frame but we must long this pair if the resistance 1.4350 is break. at the time cci and stoch overbought so there is also possibility that price will reveres again and not break this resistance.