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Today on the GBPCHF chart we can see that the price is moving above EMA indicator’s taking a bullish direction.
We can also see that the RSI indicator is giving us a buy signal according to the position of the line which is currently above the center line of 35.
We can also use the data from the MACD indicator to determine like in the case that the bears are the ones controlling the market in the current period and that’s because of the green lines heading down in my opinion.
I do think that the going with the bulls for the current day would be wise but that would be until the price gets below the EMA indicator wave creating by that a new sell signal .
http://bigimage.cz/photos/20141208141802273203213.gif
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Based on the hourly chart of the blade oscillator the GBPCHF is having a weak bullish trend by locating at 0.0023 above the level of balance and the indicator is red colored that means there is a weak bullish move will happen in a short time .
By using moving average 5 we will notice a down slope so 1.5225 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://bigimage.cz/photos/20141208141802385422381.gif
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According to the vestro indicator for the GBPCHF pair it indicates a bearish saturation on its last move then I will use it to predict a downward direction for now.
On the chart the price is located quite below the price of the grey level at 1.5242 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 1.5199 and then you can use level 1.5155 as your next target .
But clearly opposite signals on the vestor or if the price breaks the 1.5269 level you should start thinking about a bullish trend.
http://bigimage.cz/photos/20141208141802251177586.gif
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analysis for today 12 / 8 / 2014
GBP/CHF (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.5218
Retracement (50%) 1.5237
retracement (61,8%) 1.5256
Extensions (61.8%) 1.5058
Extensions (100.0%) 1.4997
Extensions (138.2%) 1.4936
Extensions (161.8%) 1.4898
calculation based on a Fibonacci retracement then today I choose sell
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As we can see the price is at the resistance level at 1.5318 that's why I think that we can get in short position.
http://i.imgur.com/yznx0ZB.png
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gbp/chf To day support and resistance date.9/12/2014
Resistance 1:1.5330
Resistance 2:1.5365
Resistance 3:1.5390
Power pivot:1.5200
Support 1:1.5175
Support 2:1.5148
Support 3:1.5105
Sell order:Bhai mary plan ya hai jub market support 1ko touch kry to sell k order lga den or se k tp support 2 ok kr den or stop loss resistance1 ok kr den
Buy order:jub market resistance1 ko touch kry to buy k order lga den or se k tp resistance2 ok kr den or se k stop loss support1 kr den.
Plan 2:sell order: jub market resistance3 ko touch kry sell order ok kr den or stop loss 20 pip kr den.
Buy order:jub market support3 ko touch kry to buy k order ok kr den.
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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/20141209141810671124687.gif
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Compared to yesterday we can notice that a new daily opening was lower than that of the last day which implies to us that the trend was taking down direction on the last day.
According to what we saw on the GBPCHF chart today we know that a red down arrow signal is taking place above the price proving to us that a bearish signal is taking place for the short term trading.
Taking that case into consideration I do think that the last opening at 1.5245 should be acting as a take profit level as it is at the same time a strong support and the price might be having hard time trying to break such level and heading down In the end I do think that following up the trading system’s rules would be the best and that is by waiting for a clear red line on the check indicator and also at the same time the color of the trader indicator should be red and that of course in order to make sure that it is the right bearish trend before making any attempt for any sell positions.
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http://bigimage.cz/photos/20141209141810794725774.gif
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The GBPCHF chart before us is giving us a up trend signal as the 3 EMA 2 and 5 and 6 are currently moving above the EMA 35 so after the other indicators confirm the bullish direction logically i will head for buy 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 buy signal in front us on the MACD indicator which is currently moving above 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 buying positions that are if no bearish signals are shown in front of us .
http://bigimage.cz/photos/20141209141810650280257.gif
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Based on the hourly chart of the blade oscillator the GBPCHF is having a weak bearish trend by locating at 0.0024 below the level of balance and the indicator is blue colored that means there is a weak bearish move will happen in a short time .
By using moving average 5 we will notice a down slope so 1.5265 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/20141209141810801120801.gif