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Daily analysis for GBPCHF
GBPCHF irregular flat correction up 1.5166, new daily high close to first daily resistance 1.5116
Elliott 1.4987
Closing 1.5085
Ex-Low 1.5056
Ex-High 1.5116
Support 1 1.5057
Support 2 1.5027
Resistance 1 1.5117
Resistance 2 1.5147
Weekly technical analysis for GBPCHF
GBPCHF while below 1.5092 - 1.5129 it is more likely to fall further towards 1.5024 or 1.4993. Premature rise above 1.5129 could see it rising above 1.5191 zone.
Key Point 1.5123
Entry Point 1.5088
Trendline 1 1.5032
Trendline 2 1.5089
Support 1 1.4993 Support 2 1.4919
Resistance 1 1.5129 Resistance 2 1.5191
Weekly analysis for GBPCHF 26-30 May 2014
GBPCHF extended impulse wave up 1.5119, No Pivot Points have been reached.
Elliott 1.4766
Closing 1.5068
Ex-Low 1.4981
Ex-High 1.5117
Support 1 1.4994
Support 2 1.4918
Resistance 1 1.5128
Resistance 2 1.5192
analysis for today 5 / 26 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPCHF on the date 5 / 23 / 2014
OPEN 1.5081
HIGH 1.5114
LOW 1.5060
CLOSED 1.5077
The third resistance (R3) 1.5114 -( 1.5084 - 1.5060 = 0.0024 x 2 = 0.0047 )= 1.5161
The second Resistance (R2) 1.5084 + 1.5114 - 1.5060 = 1.5138
First resistance (R1) 1.5084 x 2 = 3.0167 - 1.5060 = 1.5107
pivot points 1.5114 + 1.5060 + 1.5077 = 4.5251 / 3 = 1.5084
Support for the first (S1) 1.5084 x 2 = 3.0167 - 1.5114 = 1.5053
Support second (S2) 1.5084 -( 1.5114 - 1.5060 = 0.0054 ) = 1.5030
Third Support (S3) 1.5060 -( 1.5114 - 1.5084 = 0.0030 x 2 = 0.0061 )= 1.4999
the pair GBPCHF price is taking Up direction I think 1.5059 might turn out to be a very strong support level which will be considered as a selling point if the it was broken by candle stick which will close under it. Otherwise we are to consider it a buying position. On the other hand the price 1.5094 might turn out to be a strong resistance level which on the contrary with the support level we will start buying if the price breaks it or selling if the price rebounds. .
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analysis for today 5 / 27 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPCHF on the date 5 / 26 / 2014
OPEN 1.5087
HIGH 1.5100
LOW 1.5058
CLOSED 1.5065
The third resistance (R3) 1.5100 -( 1.5074 - 1.5058 = 0.0016 x 2 = 0.0033 )= 1.5133
The second Resistance (R2) 1.5074 + 1.5100 - 1.5058 = 1.5116
First resistance (R1) 1.5074 x 2 = 3.0149 - 1.5058 = 1.5091
pivot points 1.5100 + 1.5058 + 1.5065 = 4.5223 / 3 = 1.5074
Support for the first (S1) 1.5074 x 2 = 3.0149 - 1.5100 = 1.5049
Support second (S2) 1.5074 -( 1.5100 - 1.5058 = 0.0042 ) = 1.5032
Third Support (S3) 1.5058 -( 1.5100 - 1.5074 = 0.0026 x 2 = 0.0051 )= 1.5007
pair- gbp/chf
chart analysis time frame- m30
http://i58.tinypic.com/9sa3w8.jpg
the price price movement can see in the down trend channel pattern with having the resistance at 1.5102 and the support at 1.5053 level. the price may break the lower supporting trend line and falling to the 1.5020 level. short with the stop loss at 1.5125
good luck.
GBPCHF price is taking Up direction I think 1.5057 might turn out to be a very strong support level which will be considered as a selling point if the it was broken by candle stick which will close under it. Otherwise we are to consider it a buying position. On the other hand the price 1.5088 might turn out to be a strong resistance level which on the contrary with the support level we will start buying if the price breaks it or selling if the price rebounds. .
Today's Analysis for the GBPCHF According to the analysis I did, I predicted some strong points for the selling or buying to be commenced, I think 1.4994 would be a great place to start selling from but only if a candle stick closes below that support level, other wise start buying. As for the resistance level, I think 1.5013 would make a strong place for it.
http://uploadyourimages.org/upload/s...66fcbac6e1.JPG
http://prntscr.com/3nm2je
analysis for today 5 / 29 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPCHF on the date 5 / 28 / 2014
OPEN 1.5072
HIGH 1.5083
LOW 1.4995
CLOSED 1.5010
The third resistance (R3) 1.5083 -( 1.5029 - 1.4995 = 0.0034 x 2 = 0.0069 )= 1.5152
The second Resistance (R2) 1.5029 + 1.5083 - 1.4995 = 1.5117
First resistance (R1) 1.5029 x 2 = 3.0059 - 1.4995 = 1.5064
pivot points 1.5083 + 1.4995 + 1.5010 = 4.5088 / 3 = 1.5029
Support for the first (S1) 1.5029 x 2 = 3.0059 - 1.5083 = 1.4976
Support second (S2) 1.5029 -( 1.5083 - 1.4995 = 0.0088 ) = 1.4941
Third Support (S3) 1.4995 -( 1.5083 - 1.5029 = 0.0054 x 2 = 0.0107 )= 1.4888