the pair go back from fibo 23 to down way
stochastic refers to down way also
so the target is sell the pair to fibo 38
if the pair broke fibo 23 to up way we will cancel the down view
http://www12.0zz0.com/2013/10/08/20/869782175.png
Printable View
the pair go back from fibo 23 to down way
stochastic refers to down way also
so the target is sell the pair to fibo 38
if the pair broke fibo 23 to up way we will cancel the down view
http://www12.0zz0.com/2013/10/08/20/869782175.png
the pair trade above the up trend in chart 4h
stochastic refers to up way
moving confirm the up view
so the pair will continue to up way
http://www13.0zz0.com/2013/10/08/23/540272706.png
Of observations by the method of technical analysis I have seen of the currency pairs Gbp/Chf and indicators that I use is the Bollinger Bands and fibbo on market time at 05:29.
It is seen that the position of the forex market are on point 1.4558 and there is support and resistance on the
- R3 : 1.4634
- R2 : 1.4606
- R1 : 1.457
- Pivots : 1.4542
- S1 : 1.4506
- S2 : 1.4478
- S3 : 1.4442
besides Stochastic indicator shows the position of point 85 so that then I highly recommend you to open position SELL with
Take Profit is equal to 1.4538 as well as Stop Loss at point 1.4578
so that the target pips for today I think is at 50 pips
the H1 time frame at 06:03 market watch is charts on currency pairs gbp/chf is showing that
yesterday high at 1.4579 and yesterday low at 1.4515
such as the support resistance on
R3 = 1.4635
R2 = 1.4607
R1 = 1.4571
Pivots = 1.4543
S1 = 1.4507
S2 = 1.4479
S3 = 1.4443
and signal ADX is trend up and signal RSI is overbought with today's market position is at point 1.4557
then I strongly recomended you to the open position SELL
consideration for stop loss at 1.4582 and take profit at 1.4532 Good luck all
On pairs GbpChf has my analysis on the current market position at point 1.4553 and timeframes H1.
I use indicator 80 then it will be the value at point 25 so that more directed at the SELL
if data from calculation from Yesterday High of 1.4577 and Yesterday Low of 1.4513 then pivot on 1.4541
so I recommend you to SELL to take profit on 1.4523 and stop loss at 1.4583. Good luck and hopefully profit.
GBPCHF looks managed to rise above the pivot level, the pair will likely rise to a level of 1.4571 or higher, but if the price back down below the pivot, the pair may fall to 1.4506 or lower.Spoiler:
Daily Fibonacci calculation is only as information to you. This is not a reference or guideline for trade. if there is an error apologize in advance.
Date = 2013.10.09
Pair = GBPCHF
R3 = 1.4477
R2 = 1.4502
R1 = 1.4518
P = 1.4543
S1 = 1.4568
S2 = 1.4584
S3 = 1.4609
Gbp/chf analysis for 10.09.2013 by using pivot indicator.
r3: 1.4635
r2: 1.4606
r1: 1.4571
pivot: 1.4542
s1: 1.4507
s2: 1.4478
s3: 1.4443
in 1h chart
the pair is trade up the broken dawn trend
i see the pair will up to 1.4600
good luck
http://charts.mql5.com/2/715/gbpchfr...rectdealer.png
analysis for today 10 / 9 / 2013
My daily trading,I hope the day is a success ...
GBP/CHF (Daily Trade)
Resistance : R1 1.4591 R2 1.4616 R3 1.4636 R4 1.4666
Support : S1 1.4495 S2 1.4470 S3 1.4450 S4 1.4420
Open : 1.4535
High : 1.4570
Low : 1.4516
Range : 54 Pips
Running Price : 1.4565
For intraday trade today suggest BUY at the level 1.4565 stop loss at the level 1.4495 target take profit at the level 1.4636 or at the level 1.4666