I think GBPCHF still in strong down trend movement and there's still no reversal signal. If GBPCHF can break the 1.4839 support level and also break the last Thursday's low, this pair may continue falling to the next support level at around 1.4760
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I think GBPCHF still in strong down trend movement and there's still no reversal signal. If GBPCHF can break the 1.4839 support level and also break the last Thursday's low, this pair may continue falling to the next support level at around 1.4760
Intraday trading signal by ladyheart
pair : Gbpchf
analysis : Price has just break up upper triangle line on 22/10/12, 08:00.
Price may now continue its initial direction, which is uptrend.
It's expected that price will go up to 1.4927.
Pair GBP / CHF is still in a downward trend, while the first movement is a trend line, but here's a couple of slightly rolled back, so I think that this may be the point of sale about 1.4880-75 1.4830 .... with the objectives and can be continuation of the movement below ...
Simple analysis for GBP / CHF, Monday, October 22, 2012.
Indicators WMA 50 and 100, the time frame 1 H, still show bearish trend. This is supported by the MACD and CCI cross each other to get off. Meanwhile, AO indicator has changed color, which indicated it will go down. As the first destination was the lowest price on the date of October 18, 2012, which is 1.4830. Good luck ...........
Spoiler:
At the H4 chart, the price is below 12 EMA and 72 EMA indicates the trend is still down
21 RSI is below 50 indicates the trend is still down
Recommendation: SELL
Take profit: 1.4717
After taking support at 1.4900 last week, bearish will target 1.4700 level for now. A rise towards 1.4900 intraday level is recommended for getting sell.
gbp/chf technical analysis by using : average directional movement index
adx : 14.0960
+di : 17.2149
-di : 23.3125
timeframe : 1 hour
time : 1900
date : 22.10.2012
There was not a significant movement of GBPCHF yesterday. But basically, GBPCHF still in down trend now. I think GBPCHF still has a potential to continue falling. Then, if GBPCHF can break 1.4839 support level and also break the yesterday's low, I expect GBPCHF will fall to the lower support level at around 1.4760.
Gbp/chf technical analysis for 23.10.2012 by using : Auto pivot indicator.
resistance 3:1.4960
resistance 2:1.4928
resistance 1:1.4886
pivot point :1.4854
support 1:1.4812
support 2:1.4780
support 3:1.4738
Elliott: extension wave down 1.4760
Preferred outlook is for a drift down to below 1.4781. Resistances are at 1.4845 and 1.4854. A rise above 1.4870 would delay but not abort this expected fall.
Warning: Engulfing pattern
Technical points
Key point 1.4831
Entry point 1.4863
Elliott 1.4894
Closing 1.4845
Projection 1.4822
Trendline 1.4858
Trendline 1.4858
Supports / Resistances
Res 2 1.4926
Ex-High 1.4894
Res 1 1.4885
Pivot 1.4854
Sup 1 1.4813
Ex-Low 1.4822
Sup 2 1.4781