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http://prntscr.com/4brmzj
analysis for today 8 / 11 / 2014
GBP/CHF (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.5221
Retracement (50%) 1.5236
retracement (61,8%) 1.5250
Extensions (61.8%) 1.5096
Extensions (100.0%) 1.5048
Extensions (138.2%) 1.5000
Extensions (161.8%) 1.4971
calculation based on a Fibonacci retracement then today I choose sell
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I don't think that the price will break the resistance zone decree below. I think that we can get in short position with take profit at 1.5173 and stop loss at 1.5229. in the case of breaking the resistance, we can open a long position.
http://i.imgur.com/q1teu1J.png
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http://prntscr.com/4bym64
analysis for today 8 / 12 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPCHF on the date 8 / 11 / 2014
OPEN 1.5195
HIGH 1.5220
LOW 1.5185
CLOSED 1.5216
The third resistance (R3) 1.5220 -( 1.5207 - 1.5185 = 0.0022 x 2 = 0.0044 )= 1.5264
The second Resistance (R2) 1.5207 + 1.5220 - 1.5185 = 1.5242
First resistance (R1) 1.5207 x 2 = 3.0414 - 1.5185 = 1.5229
pivot points 1.5220 + 1.5185 + 1.5216 = 4.5621 / 3 = 1.5207
Support for the first (S1) 1.5207 x 2 = 3.0414 - 1.5220 = 1.5194
Support second (S2) 1.5207 -( 1.5220 - 1.5185 = 0.0035 ) = 1.5172
Third Support (S3) 1.5185 -( 1.5220 - 1.5207 = 0.0013 x 2 = 0.0026 )= 1.5159
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http://prntscr.com/4bzvgf
analysis for today 8 / 12 / 2014
GBP/CHF
Resistance : R1 1.5283 R2 1.5308 R3 1.5328 R4 1.5358
Support : S1 1.5156 S2 1.5131 S3 1.5111 S4 1.5081
Open : 1.5215
High : 1.5231
Low : 1.5208
Range : 23 Pips
Running Price : 1.5224
Strategy : SELL at the level 1.5224 stop loss at the level 1.5283 target take profit at the level 1.5111 or at the level 1.5081
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pair- gbp/chf
chart analysis time frame- m30
http://i61.tinypic.com/2emof0i.jpg
the rsi indicator is moving out from the overbought level 70 and the price is falling down. in the price chart its up movement is rejecting from the daily resistance 1.5264 level. this may be again down side. short with the take profit at 1.5190 level and stop loss at 1.5290
good luck
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http://prntscr.com/4c3jxx
analysis for today 8 / 12 / 2014
GBP/CHF (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1.5207
Retracement (50%) 1.5203
retracement (61,8%) 1.5198
Extensions (61.8%) 1.5242
Extensions (100.0%) 1.5255
Extensions (138.2%) 1.5268
Extensions (161.8%) 1.5277
calculation based on a Fibonacci retracement then today I choose buy
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http://prntscr.com/4ca627
analysis for today 8 / 13 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPCHF on the date 8 / 12 / 2014
OPEN 1.5215
HIGH 1.5276
LOW 1.5208
CLOSED 1.5255
The third resistance (R3) 1.5276 -( 1.5246 - 1.5208 = 0.0038 x 2 = 0.0077 )= 1.5353
The second Resistance (R2) 1.5246 + 1.5276 - 1.5208 = 1.5314
First resistance (R1) 1.5246 x 2 = 3.0493 - 1.5208 = 1.5285
pivot points 1.5276 + 1.5208 + 1.5255 = 4.5739 / 3 = 1.5246
Support for the first (S1) 1.5246 x 2 = 3.0493 - 1.5276 = 1.5217
Support second (S2) 1.5246 -( 1.5276 - 1.5208 = 0.0068 ) = 1.5178
Third Support (S3) 1.5208 -( 1.5276 - 1.5246 = 0.0030 x 2 = 0.0059 )= 1.5149
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http://prntscr.com/4cdc0h
analysis for today 8 / 13 / 2014
GBP/CHF
Resistance : R1 1.5234 R2 1.5259 R3 1.5279 R4 1.5309
Support : S1 1.5237 S2 1.5212 S3 1.5192 S4 1.5162
Open : 1.5254
High : 1.5312
Low : 1.5159
Range : 153 Pips
Running Price : 1.5169
Strategy : SELL at the level 1.5169
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pair- gbp/chf
chart analysis time frame- m30
http://i60.tinypic.com/iy095f.jpg
the price has been break its supporting trend line at the 1.5240 level. the rsi indicator is showing oversold as moving below the level 20 and break the daily support 1.5149. this now make some correction. long with profit target at 1.5165 and stop loss at the 1.5100
good luck
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http://prntscr.com/4co4vm
analysis for today 8 / 14 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPCHF on the date 8 / 13 / 2014
OPEN 1.5254
HIGH 1.5312
LOW 1.5122
CLOSED 1.5142
The third resistance (R3) 1.5312 -( 1.5192 - 1.5122 = 0.0070 x 2 = 0.0140 )= 1.5452
The second Resistance (R2) 1.5192 + 1.5312 - 1.5122 = 1.5382
First resistance (R1) 1.5192 x 2 = 3.0384 - 1.5122 = 1.5262
pivot points 1.5312 + 1.5122 + 1.5142 = 4.5576 / 3 = 1.5192
Support for the first (S1) 1.5192 x 2 = 3.0384 - 1.5312 = 1.5072
Support second (S2) 1.5192 -( 1.5312 - 1.5122 = 0.0190 ) = 1.5002
Third Support (S3) 1.5122 -( 1.5312 - 1.5192 = 0.0120 x 2 = 0.0240 )= 1.4882