Gbp/Chf

Gbp/chf technical analysis for 14.11.2012 by using : Auto pivot indicator.

resistance 3:1.5171
resistance 2:1.5143
resistance 1:1.5090

pivot point :1.5062

support 1:1.5009
support 2:1.4981
support 3:1.4928

Elliott: extension wave down 1.4966
While above 1.5036 - 1.5010 zone a corrective dip could test 1.5062 or 1.5089.
Technical points
Key point 1.5000
Entry point 1.5057
Elliott 1.5114
Closing 1.5037
Projection 1.4985
Trendline 1.5035
Trendline 1.5035
Supports / Resistances
Res 2 1.5141
Ex-High 1.5114
Res 1 1.5089
Pivot 1.5062
Sup 1 1.5010
Ex-Low 1.5035
Sup 2 1.4983

gbp/chf technical analysis by using : average directional movement index

adx : 43.5326
+di : 12.9187
-di : 24.0349
timeframe : 1 hour

time : 1400
date : 14-11-2012

Gbp/chf technical analysis for 15.11.2012 by using : Auto pivot indicator.

resistance 3:1.5122
resistance 2:1.5085
resistance 1:1.5028

pivot point :1.4991

support 1:1.4934
support 2:1.4897
support 3:1.4840

GBPCHF is in bearish movement now and it still going now. I think GBPCHF still has a power to continue the down trend and this pair may tries to reach the support level at around 1.4925 today.

Spoiler:

http://i.imgur.com/Y5dGs.gif

Well, bearish trend still strong in this pair and it is still under daily pivot. Lets see in H1 time frame, there are bearish momentum which shown a lot of bear candles. But we must careful about the retracement too because this pair haven't any retracement yet. I expect it would touch support 1.4933.

Elliott: extended impulse wave down 1.4910
It should register further gains to 1.5025 while 1.4936 - 1.4902 caps downside attempts. Stop loss below 1.4847 zone.
Warning: Imminent end of bearish move
Technical points
Key point 1.4940
Entry point 1.4972
Elliott 1.5114
Closing 1.4971
Projection 1.4936
Trendline 1.5046
Trendline 1.4977
Supports / Resistances
Res 2 1.5080
Ex-High 1.5046
Res 1 1.5025
Pivot 1.4991
Sup 1 1.4936
Ex-Low 1.4957
Sup 2 1.4902

gbp/chf technical analysis by using : average directional movement index

adx : 48.6867
+di : 7.5489
-di : 24.1325
timeframe : 1 hour

time : 1800
date : 15-11-2012

todays pivot point-

r3- 1.5041
r2- 1.5013
r1- 1.4980

pivot point- 1.4952

s1- 1.4919
s2- 1.4892
s3- 1.4855

In h4 time frame we can see hammer candlestick pattern that is followed by a bullish candle that is signal for upmovement we can long it with 1.4919 stop loss and 1.5013 take profit.

Gbp/chf technical analysis for 16.11.2012 by using : Auto pivot indicator.

resistance 3:1.5047
resistance 2:1.5017
resistance 1:1.4984

pivot point :1.4954

support 1:1.4921
support 2:1.4891
support 3:1.4858