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eur/gbp technical analysis by using : average directional movement index wilder(14) & average directional movement index(14) on 21.08.13
timeframe : 1 hour
time : 1200
market trend : up
adx wilder(14) level
style : 38.38
+di : 18.15
-di : 28.06
adx(14) level
adx : 43.10
+di : 8.24
-di : 31.37
EUR/GBP pair is now bearish power. The price already breakout daily pivot point (0.85523). I think the price may touch daily support 1 level (0.85313).
http://i1311.photobucket.com/albums/...psff85e826.jpg
today i like to buy this pair @ 0.8535
my stop loss of the day @ 0.8519
half take profit for today @ 0.8551
and further half take profit @ 0.8564
Eur/gbp technical analysis
date : 08.21.2013
time : 11:45 GMT
time frame : 15 min
indicator :
1) RSI (14)
value: 29.28
2) MACD (26,12,9)
value: 0.0006
3) ADX (14)
value: 38.07
4)CCI(14)
value: -55.26
overall trend - slightly berish.
The EUR/GBP In line 4H There are two consecutive summits
every top of the low of her next summit is
an indication of the low is uncertain,
and I expect his arrival to the support line at
the point of 0.8532 and buying at this point
the pair go back from fibo 61 to up way
stochastic refers to up way also
so the target is buy the pair to fibo 50
http://www10.0zz0.com/2013/08/21/14/262656398.png
Daily pivot Fibonacci points: Resistance levels: R1: 0.8572 R2: 0.8585 R3: 0.8607 Support levels: S1: 0.08529 S2: 0.8516 S3: 0.5800
http://charts.mql5.com/2/326/eurgbp-...orex-group.png
we can see in the 1w chart
the pair trading down the 50.0
I see the pair will go to down way to 0.8300
stochastic refers that the pair will go down
so our target sell from 0.8518 and our target will 218pips
Good luck
EUR/GBP intraday: Going BEARISH trend.
Pivot@ 0.8555
My choice: Open SELL positions under 0.8555 with targets at 0.8515 and 0.85 in extension.
Alternate choice conditions: Over 0.8555 take a look for further up-side with 0.858 and 0.86 as targets.
http://dl.dropbox.com/u/51561036/scr...821-234125.jpg