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pair- gbp/chf
chart analysis time frame- m30
http://i58.tinypic.com/sb3og6.jpg
the price is break the support at 1.5760 level and falling with strong bearish candle. now its below daily support and rsi is oversold. the price will make a correction to continue down trend. hold the short entry with take profit at 1.5350 and stop loss at the 1.5475
good luck
Daily forecast: GBPCHF 02 Oct. 2014.
Trading analysis for Daily forecast of GBPCHF 02 October, 2014. In Daily chart GBPCHF shows bearish trend. At present GBPCHF breaks 1st and 2nd support level and going towards the 3rd support level. If 3rd support level breaks then next strong support level is 1.53366.
Pivot: 1.54892
Resistance levels
R1 1.55127
R2 1.55557
R3 1.55792
R4 1.56026
Support levels
S1 1.54462
S2 1.54227
S3 1.53797
S4 1.53366
Attachment 11798
http://prntscr.com/4secum
analysis for today 10 / 2 / 2014
GBP/CHF (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.5492
Retracement (50%) 1.5500
retracement (61,8%) 1.5507
Extensions (61.8%) 1.5425
Extensions (100.0%) 1.5399
Extensions (138.2%) 1.5373
Extensions (161.8%) 1.5358
calculation based on a Fibonacci retracement then today I choose sell
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analysis for today 10 / 3 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPCHF on the date 10 / 2 / 2014
OPEN 1.5469
HIGH 1.5496
LOW 1.5375
CLOSED 1.5399
The third resistance (R3) 1.5496 -( 1.5423 - 1.5375 = 0.0048 x 2 = 0.0097 )= 1.5593
The second Resistance (R2) 1.5423 + 1.5496 - 1.5375 = 1.5544
First resistance (R1) 1.5423 x 2 = 3.0847 - 1.5375 = 1.5472
pivot points 1.5496 + 1.5375 + 1.5399 = 4.6270 / 3 = 1.5423
Support for the first (S1) 1.5423 x 2 = 3.0847 - 1.5496 = 1.5351
Support second (S2) 1.5423 -( 1.5496 - 1.5375 = 0.0121 ) = 1.5302
Third Support (S3) 1.5375 -( 1.5496 - 1.5423 = 0.0073 x 2 = 0.0145 )= 1.5230
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analysis for today 10 / 6 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPCHF on the date 10 / 3 / 2014
OPEN 1.5398
HIGH 1.5462
LOW 1.5424
CLOSED 1.5373
The third resistance (R3) 1.5462 -( 1.5420 - 1.5424 = -0.0004 x 2 = -0.0009 )= 1.5453
The second Resistance (R2) 1.5420 + 1.5462 - 1.5424 = 1.5458
First resistance (R1) 1.5420 x 2 = 3.0839 - 1.5424 = 1.5415
pivot points 1.5462 + 1.5424 + 1.5373 = 4.6259 / 3 = 1.5420
Support for the first (S1) 1.5420 x 2 = 3.0839 - 1.5462 = 1.5377
Support second (S2) 1.5420 -( 1.5462 - 1.5424 = 0.0038 ) = 1.5382
Third Support (S3) 1.5424 -( 1.5462 - 1.5420 = 0.0042 x 2 = 0.0085 )= 1.5339
Daily forecast: GBPCHF 06 Oct. 2014.
Trading analysis for Daily forecast of GBPCHF 06 October, 2014. In Daily chart GBPCHF is flat. At present GBPCHF on the pivot point. It is important to break support or resistance levels to identify the trend.
Pivot: 1.54280
Resistance levels
R1 1.54839
R2 1.55173
R3 1.55732
R4 1.56290
Support levels
S1 1.53946
S2 1.53387
S3 1.53053
S4 1.52718
Attachment 11847
http://prntscr.com/4ttmve
analysis for today 10 / 7 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPCHF on the date 10 / 6 / 2014
OPEN 1.5458
HIGH 1.5467
LOW 1.5397
CLOSED 1.5409
The third resistance (R3) 1.5467 -( 1.5424 - 1.5397 = 0.0027 x 2 = 0.0055 )= 1.5522
The second Resistance (R2) 1.5424 + 1.5467 - 1.5397 = 1.5494
First resistance (R1) 1.5424 x 2 = 3.0849 - 1.5397 = 1.5452
pivot points 1.5467 + 1.5397 + 1.5409 = 4.6273 / 3 = 1.5424
Support for the first (S1) 1.5424 x 2 = 3.0849 - 1.5467 = 1.5382
Support second (S2) 1.5424 -( 1.5467 - 1.5397 = 0.0070 ) = 1.5354
Third Support (S3) 1.5397 -( 1.5467 - 1.5424 = 0.0043 x 2 = 0.0085 )= 1.5312
http://prntscr.com/4tx7bl
analysis for today 10 / 7 / 2014
GBP/CHF (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.5424
Retracement (50%) 1.5432
retracement (61,8%) 1.5440
Extensions (61.8%) 1.5354
Extensions (100.0%) 1.5327
Extensions (138.2%) 1.5300
Extensions (161.8%) 1.5284
calculation based on a Fibonacci retracement then today I choose sell
pair-gbp/chf
analysis time frame- m30
http://i58.tinypic.com/2e0s8yc.jpg
the price is not able to break the resistance at 1.5465 level and rejecting up movement. the price is break the pivot pint at 1.5424 level. this down movement may be hold at the 1.5380 level. short with stop loss at 1.5475
good luck
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://bigimage.cz/photos/20141008141273318209499.gif