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time frame- H1
the down trend is hold at the 1.4295 leve and it is also moving up side but rejected from the 1.4390 level. the price is break the support at 1.4350 level. we can short this pair if this is close below the 1.4340 level with the take profit at 1.4260 and stop loss at the 1.4400
good luck
elliott flat correction up 1.4477 market should hold major support at 1.4245 befor rising towards 1.4438 1.4438 or even 1.4496 limit
support and resistances
res2 1.4496
res1 1.4438
piovt 1.4355
sup1 1.4296
sup2 1.4213
today i like to buy this pair @ 1.4335
my stop loss of the day @ 1.4300
half take profit for today @ 1.4355
and further half take profit @ 1.4377
http://charts.mql5.com/2/25/gbpchf-d...orex-group.png
we can see in the 1d chart
the pair will go down to fibo 61.8
I see the pair will go to down way to 1.4213
stochastic refers that the pair will go down
so our target sell from 1.4313 and our target will 108pips
Good luck
Pair has again managed to stay below 1.4330 But 1.4280 is very crucial weekly support follow by 1.4216 so a weekly break below 1.4210 was needed to confirm the top is place As pair is capped by downtrend line on weekly Though it has manage to break above but following three week it tested but failed SO watch a daily break below 1.4216 for a move towrads 1.3950 for one last decline And in the future I saw Pair will come up on top to maintain its bullish line With USD/CHF is eyeing some good bulls moves in the nearest future
regards
gbp/chf last day market analysis by using : average directional movement index wilder(14) & average directional movement index(14)
adx wilder(14) level
style : 33.84
+di : 6.31
-di : 26.26
adx(21) levels
adx : 35.65
+di : 5.24
-di : 22.38
time : 2300
date : 13.07.2013
timeframe : 1 hour
elliott irregular flat correction down 1.4203 market should not go lower than 1.4282 - 1.4245 after this move down it should go up to 1.4341 - 1.4362 area
support and resistances
res2 1.4436
res1 1.4362
piovt 1.4319
sup1 1.4245
sup2 1.4203
http://charts.mql5.com/2/30/gbpchf-w...orex-group.png
how are you
we can see in the weekly chart
the pair can not close up the broken down trend line
I see the pair will go to down way to 1.4095
rsi refers that the pair will go down
so our target sell from 1.4295 and our target will 200pips
Good luck
Gbp/Chf daily broke below 1.4330 puts the pair under pressure for a test of important 1.4230 so shorting it here with a 50 stop can fetch 70 Pips But IF we manage to break
below 1.4230 then high probability test of 1.3930 is there and That would be a good chance rather than shorting here
regards
Check the chart
http://i1292.photobucket.com/albums/...ps04adae86.png
http://charts.mql5.com/2/33/gbpchf-h...orex-group.png
how are you
we can see in the 1h chart
the pair will go up to fibo 38.2
I see the pair will go to up way to 1.4360
rsi refers that the pair will go up
so our target buy from 1.4295 and our target will 66pips