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http://prntscr.com/3sncze
analysis for today 6 / 16 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPCHF on the date 6 / 13 / 2014
OPEN 1.5206
HIGH 1.5279
LOW 1.5200
CLOSED 1.5267
The third resistance (R3) 1.5279 -( 1.5249 - 1.5200 = 0.0049 x 2 = 0.0097 )= 1.5376
The second Resistance (R2) 1.5249 + 1.5279 - 1.5200 = 1.5328
First resistance (R1) 1.5249 x 2 = 3.0497 - 1.5200 = 1.5297
pivot points 1.5279 + 1.5200 + 1.5267 = 4.5746 / 3 = 1.5249
Support for the first (S1) 1.5249 x 2 = 3.0497 - 1.5279 = 1.5218
Support second (S2) 1.5249 -( 1.5279 - 1.5200 = 0.0079 ) = 1.5170
Third Support (S3) 1.5200 -( 1.5279 - 1.5249 = 0.0030 x 2 = 0.0061 )= 1.5139
---------- Post added at 11:29 AM ---------- Previous post was at 11:27 AM ----------
http://prntscr.com/3sncze
analysis for today 6 / 16 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPCHF on the date 6 / 13 / 2014
OPEN 1.5206
HIGH 1.5279
LOW 1.5200
CLOSED 1.5267
The third resistance (R3) 1.5279 -( 1.5249 - 1.5200 = 0.0049 x 2 = 0.0097 )= 1.5376
The second Resistance (R2) 1.5249 + 1.5279 - 1.5200 = 1.5328
First resistance (R1) 1.5249 x 2 = 3.0497 - 1.5200 = 1.5297
pivot points 1.5279 + 1.5200 + 1.5267 = 4.5746 / 3 = 1.5249
Support for the first (S1) 1.5249 x 2 = 3.0497 - 1.5279 = 1.5218
Support second (S2) 1.5249 -( 1.5279 - 1.5200 = 0.0079 ) = 1.5170
Third Support (S3) 1.5200 -( 1.5279 - 1.5249 = 0.0030 x 2 = 0.0061 )= 1.5139
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http://prntscr.com/3taynv
analysis for today 6 / 16 / 2014
GBP/CHF
Resistance : R1 1.5341 R2 1.5366 R3 1.5386 R4 1.5416
Support : S1 1.5224 S2 1.5199 S3 1.5179 S4 1.5149
Open : 1.5266
High : 1.5299
Low : 1.5266
Range : 33 Pips
Running Price : 1.5286
Strategy : BUY at the level 1.5286 stop loss at the level 1.5224 target take profit at the level 1.5386 or at the level 1.5416
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http://prntscr.com/3tecny
analysis for today 6 / 16 / 2014
GBP/CHF (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.5230
Retracement (50%) 1.5240
retracement (61,8%) 1.5249
Extensions (61.8%) 1.5151
Extensions (100.0%) 1.5121
Extensions (138.2%) 1.5091
Extensions (161.8%) 1.5072
calculation based on a Fibonacci retracement then today I choose sell
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pair- gbp/chf
chart analysis time frame- m30
http://i61.tinypic.com/3029r7k.jpg
the price moving in the up trend side but making correction from the resistance at 1.5297 level. the rsi indicator is moved at the 30 level and turn to up side. now its movement in the major trend can expected. long with take profit 1.5310
good luck
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http://prntscr.com/3tlfix
analysis for today 6 / 17 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPCHF on the date 6 / 16 / 2014
OPEN 1.5266
HIGH 1.5299
LOW 1.5226
CLOSED 1.5233
The third resistance (R3) 1.5299 -( 1.5253 - 1.5226 = 0.0027 x 2 = 0.0053 )= 1.5352
The second Resistance (R2) 1.5253 + 1.5299 - 1.5226 = 1.5326
First resistance (R1) 1.5253 x 2 = 3.0505 - 1.5226 = 1.5279
pivot points 1.5299 + 1.5226 + 1.5233 = 4.5758 / 3 = 1.5253
Support for the first (S1) 1.5253 x 2 = 3.0505 - 1.5299 = 1.5206
Support second (S2) 1.5253 -( 1.5299 - 1.5226 = 0.0073 ) = 1.5180
Third Support (S3) 1.5226 -( 1.5299 - 1.5253 = 0.0046 x 2 = 0.0093 )= 1.5133
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pair- gbp/chf
chart analysis time frame- m30
http://i61.tinypic.com/2rylz6d.jpg
the down movement of the price is hold at the support 1.5205 level and its moving up side. if this is break the resistance at 1.5252 then this may be hit the higher resistance at 1.5220 level. long with the stop loss below the daily support 1.5180
good luck
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http://prntscr.com/3tq2p3
analysis for today 6 / 17 / 2014
GBP/CHF (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.5271
Retracement (50%) 1.5263
retracement (61,8%) 1.5254
Extensions (61.8%) 1.5344
Extensions (100.0%) 1.5372
Extensions (138.2%) 1.5400
Extensions (161.8%) 1.5417
calculation based on a Fibonacci retracement then today I choose buy
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http://prntscr.com/3tx439
analysis for today 6 / 18 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPCHF on the date 6 / 17 / 2014
OPEN 1.5232
HIGH 1.5269
LOW 1.5211
CLOSED 1.5255
The third resistance (R3) 1.5269 -( 1.5245 - 1.5211 = 0.0034 x 2 = 0.0068 )= 1.5337
The second Resistance (R2) 1.5245 + 1.5269 - 1.5211 = 1.5303
First resistance (R1) 1.5245 x 2 = 3.0490 - 1.5211 = 1.5279
pivot points 1.5269 + 1.5211 + 1.5255 = 4.5735 / 3 = 1.5245
Support for the first (S1) 1.5245 x 2 = 3.0490 - 1.5269 = 1.5221
Support second (S2) 1.5245 -( 1.5269 - 1.5211 = 0.0058 ) = 1.5187
Third Support (S3) 1.5211 -( 1.5269 - 1.5245 = 0.0024 x 2 = 0.0048 )= 1.5163
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http://prntscr.com/3tzgw6
analysis for today 6 / 18 / 2014
GBP/CHF
Resistance : R1 1.5305 R2 1.5330 R3 1.5350 R4 1.5380
Support : S1 1.5211 S2 1.5186 S3 1.5166 S4 1.5136
Open : 1.5254
High : 1.5286
Low : 1.5230
Range : 56 Pips
Running Price : 1.5230
Strategy : SELL at the level 1.5230 stop loss at the level 1.5305 target take profit at the level 1.5166 or at the level 1.5136
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http://s14.postimg.org/lrcydtd29/bieela_2014_06_18.jpg
After rising more than 50 pips on GBP news earlier, GBPCHF will likely go down some more, it looks from the Moving Average indicator that has a cross and would cut great indicator moving average, is likely to fall to the level of 1.5163 or could be lower than that .
