-
The GBPCHF chart before us is giving us a down trend signal as the 3 EMA 2 and 5 and 6 are currently moving Below the EMA 35 so after the other indicators confirm the bearish direction logically i will head for sell positions .
Above the candles i can see that the dots created by the Barabolic Sar indicator which is an indication for the possibility that the direction is about to be heading downward also monitoring the sell signal in front us on the MACD indicator which is currently moving Below the level 0 for now in addition to that there is a downward signal formed by the CCI line which is currently located at Lower level .
So based on the EMAs signals shown i can say that i do prefer the selling positions that are if no bullish signals are shown in front of us .
http://bigimage.cz/photos/20141205141776119145859.gif
-
Based on the hourly chart of the blade oscillator the GBPCHF is having a strong bearish trend by locating at 0.0016 below the level of balance and the indicator is red colored that means there is a strong bearish move will happen in a short time .
By using moving average 5 we will notice a down slope so 1.5189 could be considered a good stop loss for if there were sell positions as it is considered the last top by using the indicators signals .
http://bigimage.cz/photos/20141205141776147157843.gif
-
In the GBPCHF chart in front of us we can see that there is a bearish cross between the EMAs 9 and 152 which shows that the price may take a south direction for the next few hours.
By monitoring the Histogram indicator we get to see the line formed to be red like the last signal to make for the pair a bearish signal by becoming below the 0 leveled histogram.
As for the emotion indicator we can find another red line to be shown which proves to be a good signal for start of the fall for even lower prices for the GBPCHF The slope is also moving below the level of 0 at Guru Indicator and showing a red color is to show that the price is taking a bearish ction at the moment.
Clearly as you can see
-
analysis for today 12 / 5 / 2014
GBPCHF
Resistance : R1 1.5250 R2 1.5275 R3 1.5295 R4 1.5325
Support : S1 1.5148 S2 1.5123 S3 1.5103 S4 1.5073
Open : 1.5223
High : 1.5223
Low : 1.5175
Range : 48 Pips
Running Price : 1.5191
Strategy : SELL at the level 1.5191 stop loss at the level 1.5250 target take profit at the level 1.5103 or at the level 1.5073
-
According to the vestro indicator for the GBPCHF pair it indicates a bullish saturation on its last move then I will use it to predict a upward direction for now.
On the chart the price is located quite below the price of the grey level at 1.5218 which is the resistance level and according to this bearish trend that we can assumed we can enter a sell positions targeting the next support near the area 1.5162 and then you can use level 1.5107 as your next target .
But clearly opposite signals on the vestor or if the price breaks the 1.5252 level you should start thinking about a bullish trend.
http://bigimage.cz/photos/20141205141776430203986.gif
-
analysis for today 12 / 5 / 2014
GBP/CHF (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.5240
Retracement (50%) 1.5261
retracement (61,8%) 1.5282
Extensions (61.8%) 1.5060
Extensions (100.0%) 1.4991
Extensions (138.2%) 1.4922
Extensions (161.8%) 1.4880
calculation based on a Fibonacci retracement then today I choose sell
-
As we can see a green arrow is taking place on the GBPCHF chart which indicates that a bullish trend is taking place at the moment bottom located at 1.5175 is supporting the trend for it is a very strong support and if the bullish trend is still strong then the price shouldn't be able to go below it.
The dots from the parabolic sar indicators are shown above above the candles which gives a sign of where the price will be heading which is down in this case.
The resistance located at 1.5275 would be a great place to act as closing positions if we are to be making buying trades since the price might be heading south after hitting it http://bigimage.cz/photos/20141207141798915885258.gif
-
When trying to analyze the GBPCHF there is a bearish channel as you can see to narrow the market movement area between 2 trend lines which tells that the market is in his way for down trend.
Using the donchain channel you can see the price moving at the lower edge of it then I can think about north direction for the price as long as no opposite signs Currently the awesome oscillator has a Currently the awesome oscillator has a appear on awesome oscillator.
Currently the awesome oscillator has a red bars which appears below the level of 0 which can be considered as a good sell signal.
Same on the stostatic indicator which show a sell signal by getting a clear bearish cross between two lines near the 80th 20 level.
Till now down trend seems to be a stronger choice although waiting for sell signals on all the indicators together is a best case but by the way selling the pair targeting the down line of the channel or the low level of donchain channel is not bad idea http://bigimage.cz/photos/20141208141801994767302.gif
-
analysis for today 12 / 8 / 2014
GBPCHF
Resistance : R1 1.5295 R2 1.5320 R3 1.5340 R4 1.5370
Support : S1 1.5171 S2 1.5146 S3 1.5126 S4 1.5096
Open : 1.5246
High : 1.5246
Low : 1.5220
Range : 0.0026 Pips
Running Price : 1.5230
Strategy : SELL at the level 1.5230 stop loss at the level 1.5295 target take profit at the level 1.5126 or at the level 1.5096
-
On the GBPCHF chart the momentum indicator shows clearly a cross as the blue line goes below the red line to make a good sell signal for the current time.
The Oracle Strength indicator shows a red color and that indicates a downward direction on the GBPCHF chart.
To be more accurate you can see the red colored arrows which mean that there is a downward 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 sell cross the downward trend is shown on the chart and my advice is to go for the sell trades as long as the ATR indicator shows a sell signals.
http://bigimage.cz/photos/20141208141802237944623.gif
