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http://prntscr.com/3tz0sd
analysis for today 6 / 18 / 2014
EUR/GBP
Resistance : R1 0.8052 R2 0.8077 R3 0.8097 R4 0.8127
Support : S1 0.7912 S2 0.7887 S3 0.7867 S4 0.7837
Open : 0.7985
High : 0.7987
Low : 0.7977
Range : 10 Pips
Running Price : 0.7970
Strategy : SELL at the level 0.7970 stop loss at the level 0.8052 target take profit at the level 0.7867 or at the level 0.7837
After rising more than 30 pips on GBP news was likely to happen sideway on EURGBP in the U.S. session, there is little possibility for EURGBP fell to 0.7991 level but it is very little chance.
http://s14.postimg.org/6xyat25b5/bieela_2014_06_18.jpg
http://prntscr.com/3u281k
analysis for today 6 / 18 / 2014
EUR/GBP (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 0.7997
Retracement (50%) 0.7994
retracement (61,8%) 0.7991
Extensions (61.8%) 0.8025
Extensions (100.0%) 0.8036
Extensions (138.2%) 0.8047
Extensions (161.8%) 0.8053
calculation based on a Fibonacci retracement then today I choose buy
pair- eur/gbp
chart analysis time frame- h1
http://i62.tinypic.com/vpxow1.jpg
the price is break the resistance trend line at the 0.8000 and moving to the daily resistance level two at 0.8018 level. the stoch is also showing overbought at the 80 level. this may moving down as correction to continue up movement. hold the long entry with take profit at 0.8060 and stop loss at the 0.7975
good luck
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analysis for today 6 / 19 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EURGBP on the date 6 / 18 / 2014
OPEN 0.7984
HIGH 0.8015
LOW 0.7969
CLOSED 0.7998
The third resistance (R3) 0.8015 -( 0.7994 - 0.7969 = 0.0025 x 2 = 0.0050 )= 0.8065
The second Resistance (R2) 0.7994 + 0.8015 - 0.7969 = 0.8040
First resistance (R1) 0.7994 x 2 = 1.5988 - 0.7969 = 0.8019
pivot points 0.8015 + 0.7969 + 0.7998 = 2.3982 / 3 = 0.7994
Support for the first (S1) 0.7994 x 2 = 1.5988 - 0.8015 = 0.7973
Support second (S2) 0.7994 -( 0.8015 - 0.7969 = 0.0046 ) = 0.7948
Third Support (S3) 0.7969 -( 0.8015 - 0.7994 = 0.0021 x 2 = 0.0042 )= 0.7927
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analysis for today 6 / 19 / 2014
EUR/GBP
Resistance : R1 0.8067 R2 0.8092 R3 0.8112 R4 0.8142
Support : S1 0.7935 S2 0.7910 S3 0.7890 S4 0.7860
Open : 0.7997
High : 0.8010
Low : 0.7992
Range : 0.0018 Pips
Running Price : 0.8005
Strategy : BUY at the level 0.8005 stop loss at the level 0.7935 target take profit at the level 0.8112 or at the level 0.8142
http://prntscr.com/3uepig
analysis for today 6 / 19 / 2014
EUR/GBP (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 0.7987
Retracement (50%) 0.7992
retracement (61,8%) 0.7997
Extensions (61.8%) 0.7941
Extensions (100.0%) 0.7923
Extensions (138.2%) 0.7905
Extensions (161.8%) 0.7895
calculation based on a Fibonacci retracement then today I choose sell
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analysis for today 6 / 20 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EURGBP on the date 6 / 19 / 2014
OPEN 0.7997
HIGH 0.8024
LOW 0.7981
CLOSED 0.7983
The third resistance (R3) 0.8024 -( 0.7996 - 0.7981 = 0.0015 x 2 = 0.0030 )= 0.8054
The second Resistance (R2) 0.7996 + 0.8024 - 0.7981 = 0.8039
First resistance (R1) 0.7996 x 2 = 1.5992 - 0.7981 = 0.8011
pivot points 0.8024 + 0.7981 + 0.7983 = 2.3988 / 3 = 0.7996
Support for the first (S1) 0.7996 x 2 = 1.5992 - 0.8024 = 0.7968
Support second (S2) 0.7996 -( 0.8024 - 0.7981 = 0.0043 ) = 0.7953
Third Support (S3) 0.7981 -( 0.8024 - 0.7996 = 0.0028 x 2 = 0.0056 )= 0.7925
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analysis for today 6 / 20 / 2014
EUR/GBP
Resistance : R1 0.8050 R2 0.8075 R3 0.8095 R4 0.8125
Support : S1 0.7920 S2 0.7895 S3 0.7875 S4 0.7845
Open : 0.7982
High : 0.7995
Low : 0.7975
Range : 0.0020 Pips
Running Price : 0.7981
Strategy : SELL at the level 0.7981 stop loss at the level 0.8050 target take profit at the level 0.7875 or at the level 0.7845
my analysis for today 6/23/2014 for EURGBP since the market is apparently taking Down direction I presume that
0.7968 is goig to be a strong level for the price to bounce from it unless of course the upcoming candle breaks it by closing below it then it's gonna be the best place to start selling from also the 0.7996 is acting as a strong resistance level which is going to be like support until it's broken then it would be a great place to buy from .
http://uploadyourimages.org/upload/s...75cdd20f1a.JPG