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analysis for today 5 / 21 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPCHF on the date 5 / 20 / 2014
OPEN 1.5000
HIGH 1.5056
LOW 1.4992
CLOSED 1.5017
The third resistance (R3) 1.5056 -( 1.5022 - 1.4992 = 0.0030 x 2 = 0.0059 )= 1.5115
The second Resistance (R2) 1.5022 + 1.5056 - 1.4992 = 1.5086
First resistance (R1) 1.5022 x 2 = 3.0043 - 1.4992 = 1.5051
pivot points 1.5056 + 1.4992 + 1.5017 = 4.5065 / 3 = 1.5022
Support for the first (S1) 1.5022 x 2 = 3.0043 - 1.5056 = 1.4987
Support second (S2) 1.5022 -( 1.5056 - 1.4992 = 0.0064 ) = 1.4958
Third Support (S3) 1.4992 -( 1.5056 - 1.5022 = 0.0034 x 2 = 0.0069 )= 1.4923
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Daily analysis for GBPCHF
GBPCHF elongated flat correction up 1.5109, much higher, testing second daily resistance 1.5089
Elliott 1.4766
Closing 1.5020
Ex-Low 1.4994
Ex-High 1.5059
Support 1 1.4991
Support 2 1.4961
Resistance 1 1.5053
Resistance 2 1.5088
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analysis for today 5 / 21 / 2014
GBP/CHF (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.5032
Retracement (50%) 1.5024
retracement (61,8%) 1.5016
Extensions (61.8%) 1.5096
Extensions (100.0%) 1.5120
Extensions (138.2%) 1.5144
Extensions (161.8%) 1.5160
calculation based on a Fibonacci retracement then today I choose buy
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this more can down. on yesterday at GBPCHF there is nice down pinbar. today we can focus to fibo bellow 1.4991. if it can break, to sell
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analysis for today 5 / 22 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPCHF on the date 5 / 21 / 2014
OPEN 1.5017
HIGH 1.5113
LOW 1.4985
CLOSED 1.5093
The third resistance (R3) 1.5113 -( 1.5064 - 1.4985 = 0.0079 x 2 = 0.0157 )= 1.5270
The second Resistance (R2) 1.5064 + 1.5113 - 1.4985 = 1.5192
First resistance (R1) 1.5064 x 2 = 3.0127 - 1.4985 = 1.5142
pivot points 1.5113 + 1.4985 + 1.5093 = 4.5191 / 3 = 1.5064
Support for the first (S1) 1.5064 x 2 = 3.0127 - 1.5113 = 1.5014
Support second (S2) 1.5064 -( 1.5113 - 1.4985 = 0.0128 ) = 1.4936
Third Support (S3) 1.4985 -( 1.5113 - 1.5064 = 0.0049 x 2 = 0.0099 )= 1.4886
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analysis for today 5 / 22 / 2014
GBP/CHF (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.5064
Retracement (50%) 1.5049
retracement (61,8%) 1.5034
Extensions (61.8%) 1.5192
Extensions (100.0%) 1.5241
Extensions (138.2%) 1.5290
Extensions (161.8%) 1.5320
calculation based on a Fibonacci retracement then today I choose buy
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Pivots Daily indicator the following important levels:
First level of support at around 1.5014
Level Two support at around 1.4936
The third support at around 1.4885
The pivot point is at around 1.5065
First level of resistance at around 1.5143
Second resistance level is at around 1.5194
The third resistance level is at around 1.5272
Levels of buy Intraday at around 1.4885 target 1.4905.
Levels of sell Intraday at around 1.5272 target 1.5240
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analysis for today 5 / 23 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPCHF on the date 5 / 22 / 2014
OPEN 1.5092
HIGH 1.5113
LOW 1.5053
CLOSED 1.5082
The third resistance (R3) 1.5113 -( 1.5083 - 1.5053 = 0.0030 x 2 = 0.0059 )= 1.5172
The second Resistance (R2) 1.5083 + 1.5113 - 1.5053 = 1.5143
First resistance (R1) 1.5083 x 2 = 3.0165 - 1.5053 = 1.5112
pivot points 1.5113 + 1.5053 + 1.5082 = 4.5248 / 3 = 1.5083
Support for the first (S1) 1.5083 x 2 = 3.0165 - 1.5113 = 1.5052
Support second (S2) 1.5083 -( 1.5113 - 1.5053 = 0.0060 ) = 1.5023
Third Support (S3) 1.5053 -( 1.5113 - 1.5083 = 0.0030 x 2 = 0.0061 )= 1.4992
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Daily technical analysis for GBPCHF 23/05/2014
GBPCHF decline should be supported around 1.5055 - 1.5025 zone for rally to above 1.5116. A clear break of 1.5025 will damage this expected rally.
Key Point 1.5112
Entry Point 1.5101
Trendline 1 1.5056
Trendline 2 1.5124
Support 1 1.5055 Support 2 1.5025
Resistance 1 1.5116 Resistance 2 1.5146
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analysis for today 5 / 23 / 2014
GBP/CHF (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.5090
Retracement (50%) 1.5083
retracement (61,8%) 1.5076
Extensions (61.8%) 1.5150
Extensions (100.0%) 1.5173
Extensions (138.2%) 1.5196
Extensions (161.8%) 1.5210
calculation based on a Fibonacci retracement then today I choose buy
---------- Post added at 09:20 PM ---------- Previous post was at 09:19 PM ----------
analysis for today 5 / 23 / 2014
GBP/CHF (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.5090
Retracement (50%) 1.5083
retracement (61,8%) 1.5076
Extensions (61.8%) 1.5150
Extensions (100.0%) 1.5173
Extensions (138.2%) 1.5196
Extensions (161.8%) 1.5210
calculation based on a Fibonacci retracement then today I choose buy
