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EUR/GBP market technical analysis
market trend is bearish
market price = 0.8518
Resistance levels
the market could break the first resistance at =0.8532
the market could break the second resistance level at =0.8544
the market could break the third resistance level at =0.8554
Support levels
the market could break the first support levels at =0.8505
the market could break the second support level at =0.8493
the market could break the third support level at =0.8482
Eur/gbp technical analysis for 23.10.2012 by using : Auto pivot indicator.
resistance 3:0.8214
resistance 2:0.8189
resistance 1:0.8172
pivot point :0.8147
support 1:0.8130
support 2:0.8105
support 3:0.8088
this is my analysis for EURGBP pair , hopefully it will be good & understandable and help you to earn good profit in trading.
simple moving average chart for this pair seen as an indicator as smoothly up movement, so it is possible that the breakdown of the resistance level at 0.8497 and the pair will continue to go down to the next level level at 0.8472
1 Supporting : 0.8481
2 Supporting : 0.8462
3 Supporting : 0.8441
1 Resistance : 0.8523
2 Resistance : 0.8547
3 Resistance : 0.8558
in my personal view this pair will be continue bullish trend, for intraday trading today I suggest SELL at the level 0.8502. stop loss at the level 0.8537. target take profit at the level 0.8457
if market movement as my scenario, you can earn good profit and avoid much loss in your trading . keep trade with discipline and patience, remember..always trade in the direction of the current trend, because trend always your friend.
1 HOUR
Very strong bearish movement into our range support!
4 HOUR
Bearish pullback towards our entry level!
DAILY
Bearish market with bullish pressure, expecting a trend change to the upside with good entrys now!
1 Resistance : 0.8520
2 Resistance : 0.8540
3 Resistance : 0.8560
1 Supporting : 0.8480
2 Supporting : 0.8460
3 Supporting : 0.8442
Last week's retreat from 0.8885 found support at 0.8730, and the pair bounced up on Friday to extend gains on Monday's Asian session, reaching 0.8800 high, where the Euro found sellers to give away gains on European session, and dive towards 0.8755
Pivotal Points: 0.8575
Resistance 3: 0.8778
Resistance 2: 0.8727
Resistance 1: 0.8626
Support 1: 0.8474
Support 2: 0.8423
Support 3: 0.8322
Technical analysis of this pair eur/gbp is strong bearish trend today.
1. Resistance level is.
1st. 0.8639
2nd. 0.8729
3rd. 0.8783
2. Supporting level is.
1st. 0.8495
2nd. 0.8441
3rd. 0.8351
It's my view you can make your own decision.
eur/gbp me mene kafi achi income kamai hai lekin me ne jitni gold me kamai ki
hai utni kamai mene abhi tak kisi or me nahi ki hai me chahta hun ke gold me or kamaon ....
EURGBP on the market today are at the 0.8592 support level then I recommend you to do the open position BUY with some criteria such as the following. You put a take profit at 0.8677 positions. You put a stop loss at 0.8590 positions
that's indicator Bollinger Bands is trend down and signal Parabollic SAR is trend Up
The following resistance and supporting level of this pairs is as below :
The First Resistent = 0.8662
Second Resistent = 0.8674
Third Resistent = 0.8687
The First Support = 0.8592
Second Support = 0.8579
Third Support = 0.8567
my analysis unable to control the forex market movement. you can follow my signal , but you should put stoploss to limit the risk. please.. share your analysis, so we can discuss in this forum to maximize our profit:1f625:
eur/gbp Technical analysis:
Level of Support
1-Support 0.8620
2-Support 0.8595
3-Support 0.8582
Level of Resistance
1-Resistance 0.8636
2-Resistance 0.8653
3-Resistance 0.8662