Printable View
After understanding the analysis I am trying to discuss Gbp/Chf pair today.
After spending a great time on this pair I would be able to understand the trend of this pair. I am not 100% sure about it but it is my opinion only.
Trading recommendation for a big profit is… ( sell )
I use the moving average for analysis
Moving Average (period 60) Red: state
Moving Average (Period 10) Yellow: up
Moving Average: (Period 200) green: state
Crossing Point:1.2489
Running point of today market: 1.2497
The pair GBP / CHF in the short-term chart shows that a couple times, drew a portal figure head and shoulders with a level of 1.5390 neck, and yet there is a divergence, so that when the sample level should fall to 1.5390 1.5330 ...
This pair has a bullish trend for now and is yet to reach even 1 hour overbought so the bullish nature of this pair may continue The pair should reach 1.5464 by monday or tuesday ceteris paribus....all things been equal
Today by observing all the previous routine of the market carefully i have come to knwo that the most
suitable and the most profitble next selling point will be 1.24870
and the most profitable next buy point will be 1.24999
I hope you all will follow my signals
good luck
my all best wishes are with you
Everyone made his stretigy by its own opinions. Some peoples used fundamental approaches, some people used moving averages and other then used supports and residences , who help him to make his stretigy .
Today i discuss about the pair of ---Gbp/Chf
My recommendation about this pair is --buy
Overall up movement :1.25063
Overall down movement: 1.24906
Running pivot point:1.24707
If we look on daily time frame, we can see that the previous candle is a bullish engulfing candle. So, according to that candle, I think GBPCHF has a possibility to go up today. I think this pair may reaches the resistance level at 1.4245. Then, if GBPCHF can also break that resistance, the bullish movement may continue to the higher one at 1.4296.
Technical Outlook and Chart Setups:
Continuing from where we left yesterday, the single currency has started /initiated its expected downswing towards 1.51-1.5090 region. We have depicted 4 convergence possibilities around the 1.5100 mark.
1. Trend line support is passing.
2. Fibonacci Retracement of the last upswing from 1.4790 to 1.5400 levels.
3. Fibonacci extensions of the latest downswing from 1.5400 to 1.5250 levels.
4. Past Resistance turned to support region.
Hold on to short positions for now towards 1.5100 levels. Use intraday upswings as opportunities to enter selling.
Trading Recommendations:
Hold short positions, target 1.5100 level.
Published: 2012-08-01 07:46:34 UTC+00 4 hours, 15 min. ago
The cost of the GBPCHF is attempting to pull back, however the basic pattern is bullish. With this view, the value development is still range bound. One method for dealing with this circumstance is to purchase a pullback, all the more ideally at a solid help level. However, economic situations stay unverifiable.
GBPCHF As of now we have a Purchase circumstance with the exponential moving normal time frame 20 at 1.4248. Additionally the Normal Directional File time frame 14 is at - 14 demonstrating that we ought to search for a Nonpartisan choice. Utilizing the great strategy for figuring, the every day turn focuses for this match are: Primary rotate 1.4261, S1 1.4156, S2 1.3981, S3 1.4506 and 1.4331, R1 1.4436, R2 1.4506, R3 1.4506.
Gbp chf will be in bullish movement for hourly chart
Buy signal
Support levels:-
S1 1.2446
S2 1.2473
S3 1.2484
Resistance levels:-
R1 1.2512
R2 1.2529
R3 1.2556
My dear today's of my technical analysis is GBP chf sell to bearish
1 Resistance level 1.2534
2 Resistance level 1.2541
3 Resistance level 1.2562
1 Support level 1.2571
2 Support level 1.2564
3 Support level 1.2548