Eur/Gbp

by viewing the EURGBP chart of the day we conclude that strong bearish trend happened due to the blade oscillator of value 0.0007 located below the balance level of the indicator which shows a red signal to conclude a strong indication that a bearish direction happen on the short run. By the way the moving average 5 on the chart giving us a down indication then the top placed at price 0.7888 can be taken as a stop loss point for the sell orders given by the indicators that we deal with them. http://imagez.me/photos/image/

As a result of the red arrow that we are seeing at the moment on the EURGBP chart we conclude that a bearish trend would be taking place now on the top of that the top located at the price 0.7935 which is a strong resistance at the moment and the price shouldn’t be able to go above it if the bearish trend stayed strong.
A down direction is to be taking place because of the parabolic sar’s dots which are located above the candles.
And for a take profit the price level 0.7875 would be perfect since it's a support when we are selling because there might be a good chance for the price to start hitting north after hitting it.
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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 bottom 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 buy order would be recommended and the high side would be considered as a take profit As for the Awesome oscillator's signs it appears that the trend is going to be bullish one and that is because the Awesome oscillator is giving a green sign below the 0 level Also the stostatic is makes a sell cross near the 20 th level which means a bearish trend will be taking place As a conclusion I recommend a buy order as soon as you get a confirmation from the stostatic and the awesome oscillator targeting the high level of the Donchin cannel http://bigimage.cz/photos/20010103978478765117791.gif

Using the zigzag indicator a top is drawn showing a good chance for the current trend to be heading down soon on our chart the EURGBP The price is currently near the down edge of the Donchin band indicator meaning that the price is facing a great deal of difficulty heading downward the downward direction would be a good choice to follow but only if the candle was able to close below the level 0.7885 which is considered a good support level at the moment which is also represented by the blue dots on the chart waiting for the 2 SMA Indicators to perform a sell cross would give us a better chance for a sell trade On the other hand the level 0.792 would be acting as a great resistance if we ended up facing an opposite upward direction .
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Eur/gbp analysis :

date : 10.22.14
time : 03:00 GMT
time frame : 15 min

current rate :0.7891
high : 0.7897
low : 0.7887
net change : -0.01%

overall trend : slightly bullish.

A bullish trend is taking place because of the up blue arrow located below the price on the EURGBP pair right now.
You can confirm it even more using the buy cross between the snake and T3_clean In order to be safe a strong resistance level should be determined to act as a take profit and I believe the level 0.7945 would serve that purpose since it’s a strong resistance level at the current time.
But of course if it got broken it would mean that the price would head further up and so we would keep buying as a result.
But if the price headed to the other direction it would be wise to use 0.7875 as a stop loss level for it’s a really strong support As a result to what we said earlier I do believe that buying would be the best decision at the moment unless either a sell cross signal appears or a red down arrow is shown http://bigimage.cz/photos/20010103978491637243698.gif .

the Bearish channel drawn on the EURGBP hourly chart mentioned the Red color if the moving average so we recognized that the price is heading down for the current period The opening of the market today is at a Lower values than the daily pivot point at 0.7903 and due to the data given the price may keep going down untill they reach the first daily pivot support located at the price of 0.7884 if the WPR indicator didn't indicate any opposite upward signals.
Then I guess that selling order will take place untill the next support at 0.7865 which is a very strong support level to reach before the end of the day.
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The chart of EURGBP we will notice that the price is going to fall because by using Bollinger bands indicator we will notice that it reach the up edge & the market volume has a value of 88 which is a low volume at the current time as volume indicator show the bottom of the chart showsA strong Pivot level will face the price at the support 0.7878 and the price have to break it down to be able to go downward so it is recommended to take profit before the next support which is located at 0.7863 and cut the losses at the level 0.7927 if the price heads up .
To be sure we can use another indicator which is consists of three indicators as by entering with the cross of the CCI and moving average .
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On the last day we noticed that the trend was taking up direction and that's according to the new daily opening which was compared to yesterday higher than that of the last day.
On the EURGBP chart today we noticed that a red down arrow signal is currently located above the price implying to us that for the short term trading a bearish signal is taking place.
I do think that the price level 0.7875 would be the best take profit level for now because it's also acting as a strong support and heading down after breaking such level would be really hard.
Finally like any strategy following the rules would be the wisest choice to avoid losses and that can be done if we waited for the check indicator to make a clear red line also red is the color the trader indicator should have in order to be sure that it is the correct bearish trend before making any attempt for sell positions.
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The price today on the EURGBP chart opened Below the daily pivot level located at the level 0.7915 and it seems to be heading South according to the appearing signals on the moving average set monitored on the chart.
The level located at the price 0.79 would be considered as the nearest support which must be broken and the price as a result heads down in order for it to reach new lower levels.
On the other hand after monitoring the price volumes on the chart showing strong Sell pressure leading the price to reach new bearish levels only if it was able to stay below the Pivot point level then a bearish trend could be seen for today.
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