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Thread: Eur/Gbp

  1. #6710
    Senior Member ramadanyu is an unknown quantity at this point ramadanyu's Avatar
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    The color of the moving average indicator make a change to be a green side by side with the change of the color of the candles to be a green color too and this is a great chance for having a good bullish trend on the chart of EURGBP trend on the chart of red dots as you can see below the zero's level to add strength to the scenario of bearish trend if occurs.
    Now I will choose the side of bullish trend and prepare for opening a buy orders at the nearest chance and I think to set my target level at the 0.8025 price as I think it may affect the price because of being a strong resistance this if the price remain above the 0.7985 level which is the key support for me till the opening of new york session .

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  2. #6709
    Senior Member maggie is on a distinguished road maggie's Avatar
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    While monitoring the EURGBP I came to realize that a bullish trend is being formed today on the chart and of course I came to that conclusion because of the green signal performed by the super trend indicator giving me a hint on where the market supposedly would be heading.
    The Nolog dot indicator giving us a blue colored dot indicating that a buy signal should be taking place soon.
    A weak bullish trend is indicated by the signals encouraging us to take buy trades but that of course as soon as the Nonlog indicator changes its signal to make another confirmation for this direction.
    In order to be safe we should think of the best position to act as our stop loss I believe the support located at the price 0.8005 would be the perfect place for that but if this method is not convincing enough then waiting for the super trends color to change to red would be a good idea as well since the bullish trend would certainly be over if it met any of those conditions .

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  3. #6708
    Banned samoo is on a distinguished road samoo's Avatar
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    We can notice that there is a bullish cross now on the EURGBP chart between the EMAs 9 and 152 which indicates that the price could go north in few hours.
    Also if we notice the Histogram indicator we can find that it forms a red line to form a bearish signal by located under the 0 level of the Histogram indicator.
    There is another green line is found on checking the Market Emotion indicator that is a good sign to start to rise for higher levels on the EURGBP The slope is moving above the level of 0 as the Guru Angel indicator shows also the green color indicates a bullish direction.
    As we can notice the price may go north to reach the next resistance at the next few hours so I recommend a 0.8055 in the next few hours so it is recommended to enter buy orders as the indicators still showing the same signals.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  4. #6707
    Senior Member mary is on a distinguished road mary's Avatar
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    Obviously in front of us on the EURGBP chart we can clearly see that there is a down trend taking place as we speak and from its looks of it seems to be a main trend of course that was confirmed when the 6 and 5 EMAs were located Below trend taking place as we speak and from its looks of it seems to be a main trend of course that was confirmed when the 6 and 5 EMAs were located sell orders would be the wisest decision once a bearish direction is confirmed by the other indicators .
    Also there are dots located Above the candlesticks from the parabolic sar indicators showing us downward direction adding to that the upward signal formed by the cci line when it got located at the higher level .
    Also to be sure we get a sell signal from the MACD indicator as it was moving Below the level 0 .
    So In the end I do think selling would work greatly for me according to what we witnessed up till now unless an opposite bullish signal appears .

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  5. #6706
    Senior Member hatrik is on a distinguished road hatrik's Avatar
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    The location of the blue line is currently taking place above the red line on the momentum cross on the EURGBP chart which is a good buying signal.
    On the other hand there is probability for a upward trend to take place based on the blue color appearing on the chart by the Oracle strength indicator.
    Adding the bullish trend showed by the Oracle direction indicator to the signals we had from the Oracle direction indicator based on its blue arrows appearing on the chart confirming by that the entry point appearing by the Oracle Strength indicator.
    Clearly there is a upward trend taking place on the pair for some time and as long as the indicator keeps giving me the same signals then i do think that the buy orders are the best choice.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  6. #6705
    Senior Member ANDRIAS will become famous soon enough ANDRIAS's Avatar
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    http://prntscr.com/5865gb
    analysis for today 11 / 20 / 2014
    Below is the formula to determine the pivot point, support and resistance.
    Information candle EURGBP on the date 11 / 19 / 2014
    OPEN 0.8015
    HIGH 0.8038
    LOW 0.7988
    CLOSED 0.8003

    The third resistance (R3) 0.8038 -( 0.8010 - 0.7988 = 0.0022 x 2 = 0.0043 )= 0.8081
    The second Resistance (R2) 0.8010 + 0.8038 - 0.7988 = 0.8060
    First resistance (R1) 0.8010 x 2 = 1.6019 - 0.7988 = 0.8031
    pivot points 0.8038 + 0.7988 + 0.8003 = 2.4029 / 3 = 0.8010
    Support for the first (S1) 0.8010 x 2 = 1.6019 - 0.8038 = 0.7981
    Support second (S2) 0.8010 -( 0.8038 - 0.7988 = 0.0050 ) = 0.7960
    Third Support (S3) 0.7988 -( 0.8038 - 0.8010 = 0.0028 x 2 = 0.0057 )= 0.7931

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  7. #6704
    Senior Member wench is on a distinguished road wench's Avatar
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    the red dots appearing above the candle bars indicates that the price today is going to be heading downward depending on the prices position we are going to determine where the price would be heading so if the price remained in its position lower than 0.806 which act as a strong resistance at this moment also it happens to be a weekly pivot point at the same time then I do believe that the price would be heading south only till it meets the next weekly pivot support at 0.7862 .
    But what if blue dots appeared indicating bullish trades and the price bypassed the resistance 0.806 and headed for the opposite direction then I do believe that the price in this condition would be heading north until it reaches the price 0.8128 which is the next resistance and the next pivot level of the week.
    .

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  8. #6703
    Senior Member ducd3vaizo will become famous soon enough ducd3vaizo's Avatar
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    Spoiler Spoiler:


    Daily Forecast

    Pairs: EURGBP
    Major Trend: NEUTRAL
    Time Frame: H4
    Reason: At the beginning of this week the opening of the market, prices have been on the line above the Weekly Pivot Point at 0.7960 which could also be said that area is strong support. Can predict future prices Weekly Resistance is at 0.8087 first. But to this day is still the price correction in the 0.7991 area. RSI is still above the 50 line.
    Recommendation: Buy with a target of 0.8087

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  9. #6702
    Senior Member ng1985 is a glorious beacon of light ng1985 is a glorious beacon of light ng1985 is a glorious beacon of light ng1985 is a glorious beacon of light ng1985 is a glorious beacon of light ng1985's Avatar
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    pair- eur/gbp
    analysis time frame- m30



    the price is showing overbought as moving level 80 and in the price chart its correction side from the daily resistance at 0.8038 level. if this is break the 0.7990 then short with take profit at 0.7943 and profit target at the 0.8053
    good luck.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  10. #6701
    Banned alii.hassan is an unknown quantity at this point alii.hassan's Avatar
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    The trend on the EURGBP pair can be recognized as a bearish one because of the down red arrow above the current prices again there is a cross occurs on the Snake and T2_clean indicator on front of you.
    Then sell will be my choice for now and I will target a prices near the support area of 0.7995 as my first take profit to set and then I can look for reaching a new levels if the price can break it down and to act more safer I will choose the resistance which you can find at 0.803 as a good stop loss level or if I get a different signals with either a buy cross or a blue up arrow is shown .

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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