Gbp/Chf

The up trend taking place at the moment on the GBPCHF is taking place according to where the EMAs 5 and 6 which is Above the EMA 35 as a result to that taking buy orders would be the best if a bullish direction confirmation came from the other indicators.
According to the parabolic sar indicator’s dots located below the candles we assume that the price would be taking a upward direction as for the MACD which is currently moving above the 0 level it does give us a buy signal.
Also the CCI line is currently in the Higher level giving us by that a upward signal.
So to sum all that up I do believe that unless any bearish signal do appear buying would be the best option available at the moment.
http://bigimage.cz/photos/20010101978335225484398.gif .

There is a great chance for a bearish trend to be taking place today on the GBPCHF chart and that is according to the price which is currently located on a lower level than the EMA 15 line.
According to the power momentum indicator a high power of the bearish trend is shown and also it can be used as a filter for the entering the sell positions.
For more confirmation we can use the power line indicator which is currently above the 50 level giving us a good upward direction signal as a result.
http://bigimage.cz/photos/20010101978338822174939.gif .

Daily forecast: GBPCHF 20 Oct. 2014.

Technical analysis for Daily forecast of GBPCHF 20 October, 2014. In Daily chart GBPCHF shows bullish trend. At present GBPCHF above the pivot point and going towards the 1st resistance level. If 1st resistance level breaks then next strong resistance level is 1.54486.

Pivot: 1.51945

Resistance levels

R1 1.52658
R2 1.53061
R3 1.53774
R4 1.54486

Support levels

S1 1.51542
S2 1.50829
S3 1.50426
S4 1.50022
Attachment 11932

I think that this is a very good short opportunity. The price didn't break the 50.0 level of fibonacci ratios at 1.5261 that's why we can get in short position with take profit at 1.5119.
http://i.imgur.com/8UUH8wn.png

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 up edge of donchain channel which may be a signal for heading south If you checked Awesome oscillator it shows a red bar above the level of 0 to indicate a sell 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 80 I gess according to this data selling can be a winning bet and you can target the low level of donchain channel but waiting a confirmation from the awesome oscillator can increase the chance for winning sell trades http://bigimage.cz/photos/20010102978393644195380.gif

On the GBPCHF chart the momentum indicator shows clearly a cross as the blue line goes above the red line to make a good buy signal for the current time The Oracle Strength indicator shows a blue color and that indicates a upward direction on the GBPCHF chart To be more accurate you can see the blue colored arrows which mean that there is a upward signal for now on the Oracle direction indicator From all the data from the indicators above and as long as the momentum indicator shows a buy cross the upward trend is shown on the chart and my advice is to go for the buy trades as long as the ATR indicator shows a buy signals.
http://imagez.me/photos/20141019141375833445093.gif .

As we can see a red arrow is taking place on the GBPCHF chart which indicates that a bearish trend is taking place at the moment.
A top located at 1.525 is supporting the trend for it is a very strong resistance and if the bearish trend is still strong then the price shouldn't be able to go above it.
The dots from the parabolic sar indicators are shown above the candles which gives a sign of where the price will be heading which is down in this case.
The support 1.5205 would be a great place to act as closing positions if we are to be making selling trades since the price might be heading north after hitting it http://bigimage.cz/photos/20010102978393864161868.gif .

As you can all realize there is a downward trend taking place on the GBPCHF pair indicated by the red dots appearing on the bars the price may keep going south so long it stays lower than the level 1.5413 which is considered a strong resistance and also a weekly pivot point that of course until it hits the support at level 1.5013 which is also a weekly pivot point.
But there is another possibility that might yet take place and that is if the price broke the resistance 1.5413 and got itself a bullish signal via the blue dots in this case I do think that the price will be heading north till it hits the resistance 1.5601 which is the pivot level of the current week.
http://bigimage.cz/photos/20010102978394194491894.gif .

Based on the hourly chart of the blade oscillator the GBPCHF is having a week bullish trend by locating at 0.0005 above the level of balance and the indicator is blue colored that means there is a week bullish move will happen in a short time . By using moving average 5 we will notice a UP slope so 1.5236 could be considered a good stop loss for if there were buy positions as it is considered the last bottom by using the indicators signals. http://imagez.me/photos/20141020141384525472738.gif

While analyzing the GBPCHF there is an up trend due to the chart as it shown an up arrow and a blue 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 1.5291 is a good point to get profits for any buy positions. http://bigimage.cz/photos/20010102978394555191849.gif