Gbp/Chf

Pair : GBPCHF
Updated : Mon, April 29 14:34
Price : 1.4607
Movement : 39.1 Pips
Movement : 0.27%

Support : 1.4521
Pivot : 1.4578
Resistance : 1.4635
:yahoo:

Pivot levels today:
R3: 1.4678
R2: 1.4645
R1: 1.4615
PP: 1.4583
S1: 1.4553
S2: 1.4505
S3: 1.4490
Comment: Price now is above the daily and weekly pivot levels, also it is above the 55 SMA, so more rising is expected.
Forecast: Price may rise to 1.4699.

Gbp/chf pivot levels by using fibonacci pivot indicator.

r3: 1.4645
r2: 1.4623
r1: 1.4609

pivot : 1.4587

s1: 1.4565
s2: 1.4551
s3: 1.4529

29 April 2013, Monday.
Analysis using resistance pivot support (daily).
The opening price of the day: 1.4575
S3: 1.4499
S2: 1.4528
S1: 1.4555
Pivot: 1.4584
R1: 1.4611
R2: 1.4640
R3: 1.4667
Signal: inclined down / bearish
;)

time frame- M30
the rsi 21 has been touch the oversold level at the 30 and making bullish candle. in the chart the pirce is hold at the support 1.4530 and try to move up side. if this is close above the 1.4565 we can long this with the target 1.4620 and stop loss at the 1.4500
good luck.

today i like to buy this pair @ 1.4518
my stop loss of the day @ 1.4488
my half take profit @ 1.4558
and half @ 1.4578

Our preference: Long positions above 1.547 with targets @ 1.554 & 1.5565 in extension.

Alternative scenario: Below 1.547 look for further downside with 1.5445 & 1.541 as targets.

Comment: the pair is facing a pull back but remains on the upside.

From 13:39 29-Apr-2013 GMT
Till 17:39 29-Apr-2013 GMT
Buy
Buy at 1.4552
Take profit* at 1.4598
Stop loss at 1.4518

elliott extended impulse wave up 1.4641 current rise should end around 1.4605 or 1.4620 objectives of this down move are 1.4565 or 1.4534 arise above 1.4645 is again bullish
support and resistances
res2 1.4645
res1 1.4620
pivot 1.4589
sup1 1.4565
sup2 1.4534

http://charts.mql5.com/1/440/gbpchf-...orex-group.png

we can see in the 1d chart

the pair trading down the 38.2

I see the pair will go to down way to 1.4417

rsi refers that the pair will go down

so our target sell from 1.4518 and our target will 99pips

Good luck
:good::accute::peace::doubt: