Spoiler:
On the H1 chart, the price is below 12 EMA and 72 EMA indicates the trend is still down
50 RSI is below 50 indicates area trend is still down
Option: SELL
Take profit: 1.5044
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On the H1 chart, the price is below 12 EMA and 72 EMA indicates the trend is still down
50 RSI is below 50 indicates area trend is still down
Option: SELL
Take profit: 1.5044
I think gbpchf still in a state which show strong bearish on h1 and h4 chart, but that should still be aware of is the potential for a weekly ride, so my recommendation would sell for this day, the target in 5075
we have a support level on the weekly chart @61.8% so i predict that GBPCHF will move upward on the short term so i suggest buying this pair now our target point will be@100% .
GBPCHF had touched the support level yesterday. But after that, GBPCHF also had been rejected by that support. It makes GBPCHF has a potential to rise today. If breached the 1.5104 resistance area for the top buy and target at 1.5121 resistance If support area has been breached 1.5069 to the bottom of the sale and the target at 1.5052 support
Gbp/chf technical analysis for 04.10.2012 by using : Auto pivot indicator.
resistance 3:1.5190
resistance 2:1.5161
resistance 1:1.5125
pivot point :1.5096
support 1:1.5060
support 2:1.5031
support 3:1.4995
Price was thrown from 1.5106-1.5111 level. now the price still looks down and has not shown any effort to bounce back. This decline is also the effect of the medium-term trend is down.
On the H1 chart, the price is below 12 EMA and 72 EMA indicates the trend is still down
50 RSI is below 50 indicates area trend is still down
Option: SELL
Take profit: 1.5029
I was afraid to open an instant sell position, because it could have a direct price moves up. Therefore, I put a sell limit some distance away, make it more secure.
GBPCHF still in down trend and the bearish sentiment still occur on this pair. So, I expect GBPCHF will continue falling today and may hits or touches the next target at around the 1.5012 support level.
look at the picture above, now gbpchf still in the pivot zone, meaning do not make any order before the currency pair is in a buy zone (blue) or sell (red).do not be careless in taking orders today because there will be important news NFP will affect all currency movements
sell zone: 1.5054
buy zone: 1.5094