forex me bhut zayda pairs hoty ha jis ko ap use kr sakhty ha liken ap ko koi ak use krna ho ga or me forex me daily new pair use krti hu kiu ke is ke sath work krne me easy hota ha or na koi mistake ho gi
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forex me bhut zayda pairs hoty ha jis ko ap use kr sakhty ha liken ap ko koi ak use krna ho ga or me forex me daily new pair use krti hu kiu ke is ke sath work krne me easy hota ha or na koi mistake ho gi
When trying to analyze the GBPCHF there is a bullish 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 up 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 green bars which appears below the level of 0 which can be considered as a good buy signal.
Same on the stostatic indicator which show a buy signal by getting a clear bullish cross between two lines near the 80th 80 level.
Till now up trend seems to be a stronger choice although waiting for buy signals on all the indicators together is a best case but by the way buying the pair targeting the up line of the channel or the high level of donchain channel is not bad idea http://bigimage.cz/photos/20141215141862556136087.gif
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 bulls are the ones controlling the market in the current period and that’s because of the green lines heading up 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 .
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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 .
below 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 upward 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 upward signal formed by the CCI line which is currently located at higher 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 .
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On the GBPCHF chart the momentum indicator shows clearly a cross as the blue line goes above the red line to make a good #NAME? 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.
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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 above the price of the blue level at 1.515 which is the balanced level and according to this bullish trend that we can assumed we can enter a buy positions targeting the next resistance near the area 1.5182 and then you can use level 1.5202 as your next target .
But clearly opposite signals on the vestor or if the price breaks the 1.5118 level you should start thinking about a bearish trend.
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Based on the hourly chart of the blade oscillator the GBPCHF is having a weak bullish trend by locating at 0.0002 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 UP slope so 1.5168 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 .
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analysis for today 12 / 15 / 2014
GBP/CHF (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.5173
Retracement (50%) 1.5188
retracement (61,8%) 1.5202
Extensions (61.8%) 1.5046
Extensions (100.0%) 1.4997
Extensions (138.2%) 1.4948
Extensions (161.8%) 1.4919
calculation based on a Fibonacci retracement then today I choose sell
Compared to yesterday we can notice that a new daily opening was higher than that of the last day which implies to us that the trend was taking up direction on the last day.
According to what we saw on the GBPCHF chart today we know that a green up arrow signal is taking place below the price proving to us that a bullish signal is taking place for the short term trading.
Taking that case into consideration I do think that the last opening at 1.5195 should be acting as a take profit level as it is at the same time a strong resistance and the price might be having hard time trying to break such level and heading up 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 blue line on the check indicator and also at the same time the color of the trader indicator should be green and that of course in order to make sure that it is the right bullish trend before making any attempt for any buy positions.
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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 1.5135 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 below above the candles which gives a sign of where the price will be heading which is up in this case.
The resistance located at 1.5195 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/20141215141863747124236.gif