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analysis for today 3 / 20 / 2014
GBP/CHF
Resistance : R1 1.4636 R2 1.4661 R3 1.4681 R4 1.4711
Support : S1 1.4507 S2 1.4482 S3 1.4462 S4 1.4432
Open : 1.4564
High : 1.4582
Low : 1.4561
Range : 21 Pips
Running Price : 1.4577
Strategy : BUY at the level 1.4577 stop loss at the level 1.4507 target take profit at the level 1.4681 or at the level 1.4711
Forex Trading Today
Pair = GBPCHF
Date = Thursday, 03.20.2014
Fibonacci Pivot point Result
Resistance 3 = 1.4651
Resistance 2 = 1.4613
Resistance 1 = 1.4589
Pivot point = 1.4551
Support 1 = 1.4513
Support 2 = 1.4489
Support 3 = 1.4451
Market price prediction basaed on the calculation of fibonacci pivot point
buy entry = 1.4527 ,take profit = 1.4627 ,stop loss = 1.4503
sell entry = 1.4575 ,take profit = 1.4475 ,stop loss = 1.4599
As we can see on the chart, GBPCHF has broken the resistance level at 1.4562 successfully and also moved in a bullish movement yesterday. So, I think with this breaking and the current trend condition, GBPCHF will goes up higher to the next resistance level at 1.4622.
pair- gbp/chf
chart analysis time frame- m30
http://i59.tinypic.com/2chrnk1.jpg
the price is moving up side with a pull up setup from the support at 1.4560 level and moved at the daily resistance level one 1.4606. the rsi indicator is oversold as moving above the 70 level. the price will make some correction then again up trend expected. hold the long trade with stop loss at 1.4540
good luck.
This currency pair GBP / CHF yesterday began moving up and tested the resistance level of 1.4576 low, but could not break through and slightly decreased, and judging by the movement of the indicator Stochastic on H1 chart the pair may begin to decline to the level of support in the price 1.4510 .
Trade forex pivot point calculations based on today's.
Pair = GBPCHF
Date = Thursday, March.20.2014
Pivot point Result
Resistance 3 = 1.4714
Resistance 2 = 1.4651
Resistance 1 = 1.4614
Pivot point = 1.4551
Support 1 = 1.4514
Support 2 = 1.4451
Support 3 = 1.4414
Market price prediction
if buy at = 1.4488
take profit = 1.4677
stop loss = 1.4425
is sell at = 1.4588
take profit = 1.4477
stop loss = 1.4625
analysis for today 3 / 20 / 2014
GBP/CHF
Resistance 3 1,4691
Resistance 2 1,4661
Resistance 1 1,4641
Pivot Point 1,4564
Support 1 1,4502
Support 2 1,4482
Support 3 1,4452
BUY STOP 1,4641 STOP LOSS 1,4502 TAKE PROFIT 1,4661
SELL STOP 1,4502 STOP LOSS 1,4641 TAKE PROFIT 1,4482
Camarilla Pivot Point
Friday,March 21,2014
Pair : GBP/CHF
R4=1.4632
R3=1.4608
R2=1.4600
R1=1.4592
S1=1.4576
S2=1.4568
S3=1.4560
S4=1.4537
Time Frame : Daily
analysis for today 3 / 21 / 2014
GBP/CHF
Resistance : R1 1.4651 R2 1.4676 R3 1.4696 R4 1.4726
Support : S1 1.4512 S2 1.4487 S3 1.4467 S4 1.4437
Open : 1.4584
High : 1.4587
Low : 1.4576
Range : 11 Pips
Running Price : 1.4584
Strategy : BUY at the level 1.4584 stop loss at the level 1.4512 target take profit at the level 1.4696 or at the level 1.4726
On H4 time frame, we can see that GBPCHF has broken the trend line. Although the breaking is not too strong, but it has opened a chance for GBPCHF to fall. I think this pair will reach the support level at 1.4562. Then, if GBPCHF can also break that support level, this pair will continue falling to the next support level at around 1.4510.