The support level at 1.5429 will not allow to this pair to fall that's why I think that the price will rise from that point. I advise you to get in long position with take profit at 1.5505.
http://i.imgur.com/waz7cAk.png
Printable View
The support level at 1.5429 will not allow to this pair to fall that's why I think that the price will rise from that point. I advise you to get in long position with take profit at 1.5505.
http://i.imgur.com/waz7cAk.png
pair- gbp/chf
chart analysis time frame- m30
http://i59.tinypic.com/t9a155.jpg
the down movement of the price is not able to break the support at 1.5425 level and moving up side. this is break the pivot resistance at 1.5358 so now it may be again strong resistance at 1.5500 level. long with stop loss at 1.5400
good luck
I don't think that the price will fall after breaking the resistance level at 1.5429 with a daily candle.
I think that we can get in long position with take profit at 1.5504.
http://i.imgur.com/BUwRYW9.png
http://prntscr.com/4rhbe0
analysis for today 9 / 29 / 2014
GBP/CHF (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.5443
Retracement (50%) 1.5449
retracement (61,8%) 1.5455
Extensions (61.8%) 1.5393
Extensions (100.0%) 1.5374
Extensions (138.2%) 1.5355
Extensions (161.8%) 1.5343
calculation based on a Fibonacci retracement then today I choose sell
cci(14) : 128.81
bulls (13) : 0.052
i see the in pair up trend
so i will buy from : 1.5501
and my target today is : 1.5601
and target 2 today is : 1.5801
good luck
pair- gbp/chf
chart analysis time frame- m30
http://i58.tinypic.com/2947413.jpg
the price has been break the resistance at the 1.5472 level and moved to dail resistance level three 1.5525 level. this is rejecting up movement and price will falling down with rsi short indicator. short with take profit at 1.5420 and stop loss at 1.5550
good luck
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analysis for today 10 / 1 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPCHF on the date 9 / 30 / 2014
OPEN 1.5447
HIGH 1.5527
LOW 1.5435
CLOSED 1.5481
The third resistance (R3) 1.5527 -( 1.5481 - 1.5435 = 0.0046 x 2 = 0.0092 )= 1.5619
The second Resistance (R2) 1.5481 + 1.5527 - 1.5435 = 1.5573
First resistance (R1) 1.5481 x 2 = 3.0962 - 1.5435 = 1.5527
pivot points 1.5527 + 1.5435 + 1.5481 = 4.6443 / 3 = 1.5481
Support for the first (S1) 1.5481 x 2 = 3.0962 - 1.5527 = 1.5435
Support second (S2) 1.5481 -( 1.5527 - 1.5435 = 0.0092 ) = 1.5389
Daily forecast: GBPCHF 01 Oct. 2014.
Trading analysis for Daily forecast of GBPCHF 01 October, 2014. In Daily chart GBPCHF shows bullish trend. At present GBPCHF break 1st resistance level and going towards the 2nd resistance level. If 2nd resistance level breaks then next strong resistance level is 1.56661.
Pivot: 1.54805
Resistance levels
R1 1.55270
R2 1.55732
R3 1.56197
R4 1.56661
Support levels
S1 1.54343
S2 1.53878
S3 1.53416
S4 1.52953
Attachment 11762
pair- gbp/chf
chart analysis time frame- m30
http://i62.tinypic.com/b62dfq.jpg
the rsi indicator is showing overbought as moving at the level 70 and in the price chart its also at resistance 1.5527 level. the price making doji pattern so down movment can expected. short with profit target at 1.5470 and stop loss at 1.5545
good luck
analysis for today 10 / 2 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPCHF on the date 10 / 1 / 2014
OPEN 1.5480
HIGH 1.5533
LOW 1.5466
CLOSED 1.5470
The third resistance (R3) 1.5533 -( 1.5490 - 1.5466 = 0.0024 x 2 = 0.0047 )= 1.5580
The second Resistance (R2) 1.5490 + 1.5533 - 1.5466 = 1.5557
First resistance (R1) 1.5490 x 2 = 3.0979 - 1.5466 = 1.5513
pivot points 1.5533 + 1.5466 + 1.5470 = 4.6469 / 3 = 1.5490
Support for the first (S1) 1.5490 x 2 = 3.0979 - 1.5533 = 1.5446
Support second (S2) 1.5490 -( 1.5533 - 1.5466 = 0.0067 ) = 1.5423
Third Support (S3) 1.5466 -( 1.5533 - 1.5490 = 0.0043 x 2 = 0.0087 )= 1.5379