-
There was a TOP signal which made by the zigzag indicator in the last day at price 1.5286 for the GBPCHF so thinking in selling is the best descision .
For now the price is at the HIGHER level of the boolinger band and after that the lower level of boolinger can be considered as the best place to get the selling profits .
In the same time RSI is showing buy signal at the location of 30 th level and the stostatic at the location of 20 th level and at the value of 33 and it is an indication for heading south .
http://img843.imageshack.us/img843/8750/8966c.jpg
-
A up channel is now drawn on the GBPCHF and the price is suggested to keep going upward on the short term .
Also you can see the price hits the down edge of donchain channel which may be a signal for heading north .
If you checked Awesome oscillator it shows a green bar below the level of 0 to indicate a buy signal at the current time .
Also the stostatic is showing a bullish singal by having a buy cross and the lines near the level of 20 .
I gess according to this data buying can be a winning bet and you can target the high level of donchain channel but waiting a confirmation from the awesome oscillator can increase the chance for winning buy trades .
http://img840.imageshack.us/img840/7986/03f7.png
-
While analyzing the GBPCHF there is an down trend due to the chart as it shown an up arrow and a red candles at Henikien Ashi indicator. .
In mean while the T3_clean indicator make an intersiction with Snake indicator to form a buy signal on the short term.
At last the Trend session indicator showa a blue signal which means that there is a strong possiblilty of up trend for now.
By previous givens I think that chosing buy trades is the best choice for current situation.
For the target of buy operations we can consier that the resistance 1.5333 is a good point to get profits for any buy positions.
http://img829.imageshack.us/img829/7504/f1s5.png
-
As you can see on the chart of the GBPCHF the golden tendency string indicator show a blue color and the price is heading above its level for now to indicate a clear signal for a bullish trend .
The last Golden finger dot was blue and appears above the red golden signal K candle in order to indicate a strong sell signal on the current time.
Also you can get a clear buy signal from the MACD indicator as it shows a bullish intersection above the 0.00 line to be a good confirmation for the bullish direction.
One thing else the golden varitey indicator show a buy signal by getting a 3up signal in order to get a high confirmation of bullish trend.
Targeting the area of 1.532 is recommended on the long term as there is no other strong level awaiting the price before it then considering it as take profit level can be a good choice .
http://img823.imageshack.us/img823/4425/5cxo.png
-
After the GBPCHF pair moved yesterday there are some important things to indicate the price is now near the TMA's Green level which works as support then a bullish trend can take a place in the coming day .
You can see too a Yellow and Pink point Below the price which is a good signal for going up to reach the red line of the TMA as a target .
Finally the timing indicator is now RED and the slope is near the level 30 .
I guess that buying would be a better choise in this conditions targeting the yellow line of theTMA then the red one as last target .
http://img823.imageshack.us/img823/3840/36q9.jpg
-
http://prntscr.com/416dzw
analysis for today 7 / 10 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPCHF on the date 7 / 9 / 2014
OPEN 1.5296
HIGH 1.5300
LOW 1.5262
CLOSED 1.5284
The third resistance (R3) 1.5300 -( 1.5282 - 1.5262 = 0.0020 x 2 = 0.0040 )= 1.5340
The second Resistance (R2) 1.5282 + 1.5300 - 1.5262 = 1.5320
First resistance (R1) 1.5282 x 2 = 3.0564 - 1.5262 = 1.5302
pivot points 1.5300 + 1.5262 + 1.5284 = 4.5846 / 3 = 1.5282
Support for the first (S1) 1.5282 x 2 = 3.0564 - 1.5300 = 1.5264
Support second (S2) 1.5282 -( 1.5300 - 1.5262 = 0.0038 ) = 1.5244
Third Support (S3) 1.5262 -( 1.5300 - 1.5282 = 0.0018 x 2 = 0.0036 )= 1.5226
-
It is very clear. Price will follow the trend and go to 1.536 so I recommend opening a buy deal with take profit at 1.536 and stop loss at 1.5225.
http://i.imgur.com/JcA66fG.png
-
http://prntscr.com/419sye
analysis for today 7 / 10 / 2014
GBP/CHF (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.5285
Retracement (50%) 1.5281
retracement (61,8%) 1.5277
Extensions (61.8%) 1.5323
Extensions (100.0%) 1.5338
Extensions (138.2%) 1.5353
Extensions (161.8%) 1.5361
calculation based on a Fibonacci retracement then today I choose buy
-
http://prntscr.com/41juf2
analysis for today 7 / 11 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPCHF on the date 7 / 10 / 2014
OPEN 1.5274
HIGH 1.5303
LOW 1.5243
CLOSED 1.5285
The third resistance (R3) 1.5303 -( 1.5277 - 1.5243 = 0.0034 x 2 = 0.0068 )= 1.5371
The second Resistance (R2) 1.5277 + 1.5303 - 1.5243 = 1.5337
First resistance (R1) 1.5277 x 2 = 3.0554 - 1.5243 = 1.5311
pivot points 1.5303 + 1.5243 + 1.5285 = 4.5831 / 3 = 1.5277
Support for the first (S1) 1.5277 x 2 = 3.0554 - 1.5303 = 1.5251
Support second (S2) 1.5277 -( 1.5303 - 1.5243 = 0.0060 ) = 1.5217
Third Support (S3) 1.5243 -( 1.5303 - 1.5277 = 0.0026 x 2 = 0.0052 )= 1.5191
-
http://prntscr.com/41mqld
analysis for today 7 / 11 / 2014
GBP/CHF (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.5266
Retracement (50%) 1.5273
retracement (61,8%) 1.5280
Extensions (61.8%) 1.5206
Extensions (100.0%) 1.5183
Extensions (138.2%) 1.5160
Extensions (161.8%) 1.5146
calculation based on a Fibonacci retracement then today I choose sell