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http://prntscr.com/404tgq
analysis for today 7 / 7 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EURGBP on the date 7 / 4 / 2014
OPEN 0.7932
HIGH 0.7933
LOW 0.7918
CLOSED 0.7920
The third resistance (R3) 0.7933 -( 0.7924 - 0.7918 = 0.0006 x 2 = 0.0011 )= 0.7944
The second Resistance (R2) 0.7924 + 0.7933 - 0.7918 = 0.7939
First resistance (R1) 0.7924 x 2 = 1.5847 - 0.7918 = 0.7929
pivot points 0.7933 + 0.7918 + 0.7920 = 2.3771 / 3 = 0.7924
Support for the first (S1) 0.7924 x 2 = 1.5847 - 0.7933 = 0.7914
Support second (S2) 0.7924 -( 0.7933 - 0.7918 = 0.0015 ) = 0.7909
Third Support (S3) 0.7918 -( 0.7933 - 0.7924 = 0.0009 x 2 = 0.0019 )= 0.7899
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http://prntscr.com/40a3un
analysis for today 7 / 7 / 2014
EUR/GBP (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 0.7924
Retracement (50%) 0.7926
retracement (61,8%) 0.7927
Extensions (61.8%) 0.7909
Extensions (100.0%) 0.7903
Extensions (138.2%) 0.7897
Extensions (161.8%) 0.7894
calculation based on a Fibonacci retracement then today I choose sell
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On the stostatic there is a EURGBP Chart there is a down channel so it is expected from the price to keep moving down .
When the price touchs the upper edge of donchain channel it is considered as a signal of going down .
By checking the awesome oscillator there is a red bar above the level of 0 which indicates a sell signal for the current time .
On the stostatic there is a bearish signal by having a sell cross and the lines approachs the 80 th level .
From prvious data bearish is most likely to happen then you can target low level of the donchain channel and if you wait to get a confirmation from the awesome oscillator that can raise the chance for good sell trades .
[img]https://charts.mql5.com/5/156/eurgbp-h1-*********-lp.png[/img]
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http://prntscr.com/40hmcc
analysis for today 7 / 8 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EURGBP on the date 7 / 7 / 2014
OPEN 0.7917
HIGH 0.7946
LOW 0.7914
CLOSED 0.7941
The third resistance (R3) 0.7946 -( 0.7934 - 0.7914 = 0.0020 x 2 = 0.0039 )= 0.7985
The second Resistance (R2) 0.7934 + 0.7946 - 0.7914 = 0.7966
First resistance (R1) 0.7934 x 2 = 1.5867 - 0.7914 = 0.7953
pivot points 0.7946 + 0.7914 + 0.7941 = 2.3801 / 3 = 0.7934
Support for the first (S1) 0.7934 x 2 = 1.5867 - 0.7946 = 0.7921
Support second (S2) 0.7934 -( 0.7946 - 0.7914 = 0.0032 ) = 0.7902
Third Support (S3) 0.7914 -( 0.7946 - 0.7934 = 0.0012 x 2 = 0.0025 )= 0.7889
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analysis for today 7 / 8 / 2014
EUR/GBP (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 0.7926
Retracement (50%) 0.7930
retracement (61,8%) 0.7934
Extensions (61.8%) 0.7894
Extensions (100.0%) 0.7882
Extensions (138.2%) 0.7870
Extensions (161.8%) 0.7862
calculation based on a Fibonacci retracement then today I choose sell
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EURGBP Technical Analysis for 08.07.2014
TIME FRAME H1
10/3.0 Super Trend: Bullish
EMA 28: Bullish
Parabolic SAR 0.05/0.2: Bullish
30/60/30 MACD: Bullish
Conclusion: Bullish
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As you can see on the EURGBP chart in front of you the price direction is bearish and that is because of the down channel taking place .
According to the Donchin channel on the chart the Top side of the channel was the last level to be hit by a candle which means that if a trade is to opened now a sell order would be recommended and the low side would be considered as a take profit .
As for the Awesome oscillator's signs it appears that the trend is going to be bearish one and that is because the Awesome oscillator is giving a red sign above the 0 level .
Also the stostatic is makes a sell cross near the 80 th level which means a bearish trend will be taking place .
As a conclusion I recommend a sell order as soon as you get a confirmation from the stostatic and the awesome oscillator targeting the low level of the Donchin cannel .
http://img843.imageshack.us/img843/8708/jy7j.png
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Depending on what I saw till now on the EURGBP chart, I can say without doubt that the price might be taking a north direction for a while and that’s because of the bullish cross between the 2 EMAs 9 and 152.
According to the Histogram indicator a Green line is formed for the last candle which means nothing other than a bullish signal
A bearish signal is formed due to the guru indicator which is known as the line is above the level 0 and the last bar is red as well
In the end I must say that there is sell signal on the Market emotion indicator for now that’s when we can think about acting with a bearish trend with the upcoming candles
Summing all that up we get the conclusion that it will be better to take the buying side according to these conditions and the level 0.8006 could be acting as a great take profit since it’s the nearest resistance to the current price
http://img819.imageshack.us/img819/8707/5v0z.png
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In the EURGBP chart in front of us we can see that the golden tendency string is currently blue which means that the price is taking a buy direction where also a blue golden finger dot appears at the beginning of the blue line which proves even more that the price is taking a buy direction.
Since the last golden finger is blue and it’s formed under a blue golden finger k candle it indicates that the price is heading further more in a bullish direction.
The MACD is making a sell cross below the level 0 which indicates that a bearish direction to be taking place.
As for the golden variety indicator, since there are 3 up signals are taking place in front of us, which means that we are to be expecting a buy signal.
The level 0.7984 is our next take profit since it’s the strongest resistance that the price will reach.
http://img856.imageshack.us/img856/3732/gj0h.png
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level of boolinger bands indicator on the EURGBP chart .
at 0.7948 formed by zigzag indicator .
52 value and located near the level of 70 .
and the line near 20 th level .
trend and buying the pair can be a better choise when you get a bearish saturation on RSI and stostatic as well and as long as the support 0.7948 remains unbroken .
http://img823.imageshack.us/img823/1016/znuy.jpg
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