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http://prntscr.com/42hnmq
analysis for today 7 / 14 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPCHF on the date 7 / 11 / 2014
OPEN 1.5285
HIGH 1.5297
LOW 1.5253
CLOSED 1.5261
The third resistance (R3) 1.5297 -( 1.5270 - 1.5253 = 0.0017 x 2 = 0.0035 )= 1.5332
The second Resistance (R2) 1.5270 + 1.5297 - 1.5253 = 1.5314
First resistance (R1) 1.5270 x 2 = 3.0541 - 1.5253 = 1.5288
pivot points 1.5297 + 1.5253 + 1.5261 = 4.5811 / 3 = 1.5270
Support for the first (S1) 1.5270 x 2 = 3.0541 - 1.5297 = 1.5244
Support second (S2) 1.5270 -( 1.5297 - 1.5253 = 0.0044 ) = 1.5226
Third Support (S3) 1.5253 -( 1.5297 - 1.5270 = 0.0027 x 2 = 0.0053 )= 1.5200
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http://prntscr.com/42l0qo
analysis for today 7 / 14 / 2014
GBP/CHF (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.5270
Retracement (50%) 1.5275
retracement (61,8%) 1.5280
Extensions (61.8%) 1.5226
Extensions (100.0%) 1.5209
Extensions (138.2%) 1.5192
Extensions (161.8%) 1.5182
calculation based on a Fibonacci retracement then today I choose sell
---------- Post added at 10:33 PM ---------- Previous post was at 10:30 PM ----------
http://prntscr.com/42l11f
analysis for today 7 / 14 / 2014
GBP/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 173.53
Retracement (50%) 173.46
retracement (61,8%) 173.39
Extensions (61.8%) 174.15
Extensions (100.0%) 174.39
Extensions (138.2%) 174.63
Extensions (161.8%) 174.77
calculation based on a Fibonacci retracement then today I choose buy
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The price faces the 61.8 level of the Fibonacci sequence at 1.5224. that's why the price can bounces from that place. also the price can continue going down and if this happens, I expect it to reach the level of 1.5136.
http://i.imgur.com/G1ZGA4N.png
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http://prntscr.com/42s24d
analysis for today 7 / 15 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPCHF on the date 7 / 14 / 2014
OPEN 1.5282
HIGH 1.5286
LOW 1.5212
CLOSED 1.5234
The third resistance (R3) 1.5286 -( 1.5244 - 1.5212 = 0.0032 x 2 = 0.0064 )= 1.5350
The second Resistance (R2) 1.5244 + 1.5286 - 1.5212 = 1.5318
First resistance (R1) 1.5244 x 2 = 3.0488 - 1.5212 = 1.5276
pivot points 1.5286 + 1.5212 + 1.5234 = 4.5732 / 3 = 1.5244
Support for the first (S1) 1.5244 x 2 = 3.0488 - 1.5286 = 1.5202
Support second (S2) 1.5244 -( 1.5286 - 1.5212 = 0.0074 ) = 1.5170
Third Support (S3) 1.5212 -( 1.5286 - 1.5244 = 0.0042 x 2 = 0.0084 )= 1.5128 = 0.0084 )= 1.5128
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http://prntscr.com/42x2w2
analysis for today 7 / 15 / 2014
GBP/CHF (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.5258
Retracement (50%) 1.5249
retracement (61,8%) 1.5240
Extensions (61.8%) 1.5332
Extensions (100.0%) 1.5360
Extensions (138.2%) 1.5388
Extensions (161.8%) 1.5406
calculation based on a Fibonacci retracement then today I choose buy
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http://prntscr.com/434uqt
analysis for today 7 / 16 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPCHF on the date 7 / 15 / 2014
OPEN 1.5234
HIGH 1.5362
LOW 1.5215
CLOSED 1.5352
The third resistance (R3) 1.5362 -( 1.5310 - 1.5215 = 0.0095 x 2 = 0.0189 )= 1.5551
The second Resistance (R2) 1.5310 + 1.5362 - 1.5215 = 1.5457
First resistance (R1) 1.5310 x 2 = 3.0619 - 1.5215 = 1.5404
pivot points 1.5362 + 1.5215 + 1.5352 = 4.5929 / 3 = 1.5310
Support for the first (S1) 1.5310 x 2 = 3.0619 - 1.5362 = 1.5257
Support second (S2) 1.5310 -( 1.5362 - 1.5215 = 0.0147 ) = 1.5163
Third Support (S3) 1.5215 -( 1.5362 - 1.5310 = 0.0052 x 2 = 0.0105 )= 1.5110
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http://prntscr.com/439gp1
analysis for today 7 / 16 / 2014
GBP/CHF (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.5306
Retracement (50%) 1.5289
retracement (61,8%) 1.5271
Extensions (61.8%) 1.5453
Extensions (100.0%) 1.5509
Extensions (138.2%) 1.5565
Extensions (161.8%) 1.5600
calculation based on a Fibonacci retracement then today I choose buy
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http://prntscr.com/43hpv3
analysis for today 7 / 17 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPCHF on the date 7 / 16 / 2014
OPEN 1.5353
HIGH 1.5401
LOW 1.5347
CLOSED 1.5392
The third resistance (R3) 1.5401 -( 1.5380 - 1.5347 = 0.0033 x 2 = 0.0066 )= 1.5467
The second Resistance (R2) 1.5380 + 1.5401 - 1.5347 = 1.5434
First resistance (R1) 1.5380 x 2 = 3.0760 - 1.5347 = 1.5413
pivot points 1.5401 + 1.5347 + 1.5392 = 4.6140 / 3 = 1.5380
Support for the first (S1) 1.5380 x 2 = 3.0760 - 1.5401 = 1.5359
Support second (S2) 1.5380 -( 1.5401 - 1.5347 = 0.0054 ) = 1.5326
Third Support (S3) 1.5347 -( 1.5401 - 1.5380 = 0.0021 x 2 = 0.0042 )= 1.5305
---------- Post added at 09:02 PM ---------- Previous post was at 09:02 PM ----------
http://prntscr.com/43k21m
analysis for today 7 / 17 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPJPY on the date 7 / 16 / 2014
OPEN 174.28
HIGH 174.40
LOW 173.99
CLOSED 174.22
The third resistance (R3) 174.40 - ( 174.20 - 173.99 = 0.21 x 2 = 0.43 )= 174.83
The second Resistance (R2) 174.20 + 174.40 - 173.99 = 174.61
First resistance (R1) 174.20 x 2 = 348.41 - 173.99 = 174.42
pivot points 174.40 + 173.99 + 174.22 = 522.61 / 3 = 174.20
Support for the first (S1) 174.20 x 2 = 348.41 - 174.40 = 174.01
Support second (S2) 174.20 - ( 174.40 - 173.99 = 0.41 ) = 173.79
Third Support (S3) 173.99 - ( 174.40 - 174.20 = 0.20 x 2 = 0.39 )= 173.60
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http://prntscr.com/43lh92
analysis for today 7 / 17 / 2014
GBP/CHF (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.5368
Retracement (50%) 1.5374
retracement (61,8%) 1.5380
Extensions (61.8%) 1.5314
Extensions (100.0%) 1.5293
Extensions (138.2%) 1.5272
Extensions (161.8%) 1.5260
calculation based on a Fibonacci retracement then today I choose sell
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we must wait until the price is based on one of the Fibonacci retracement, then we could enter into long positions.
http://i.imgur.com/55FrOtY.png
