Eur/Gbp

[maggie]

While monitoring the EURGBP I came to realize that a bearish trend is being formed today on the chart and of course I came to that conclusion because of the red 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 week bearish trend is indicated by the signals encouraging us to take sell trades but that of course as soon as the Nonlog indicator changes it�s 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 resistance located at the price 0.7876 would be the perfect place for that but if this method is not convincing enough then waiting for the super trend�s color to change to green would be a good idea as well since the bearish trend would certainly be over if it met any of those conditions.

[mary]

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 the 35 EMA.
From the looks of it making 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 a downward direction adding to that the downward signal formed by the cci line when it got located at the lower 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.
.

[ralf]

According to price position which is below the EMA indicator on the USDCHF chart I believe it will be taking a bearish direction throughout the day.
A sell signal is indicated by the RSI indicator according to the line which is currently below the center line of 35.
Using the MACD indicator we can see that the green lines are heading down which means that the market bears are the ones in control in the current period.
As a result to that I do believe that choosing the bears for the current day would be the best choice but that of course until we get an opposite buy signal via the EMA indicator when the price gets over the wave.
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[wench]

the red dots appearing above the candle bars indicates that the price today is going to be heading downward depending on the price�s position we are going to determine where the price would be heading so if the price remained in its position lower than 0.8032 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 0.7837 .
But what if blue dots appeared indicating bullish trades and the price bypassed the resistance 0.8032 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 0.8137 which is the next resistance and the next pivot level of the week.
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[ng1985]

pair- eur/gbp
analysis time frame- m15



the up movement of the price is rejecting with resistance at 0.7925 level and moving down. this is break the strong support at 0.7875 level and stoch indicator is showing oversold. the price will make correction and will again down side. hold the short entry with stop loss at 0.7890
good luck

[achyut]

Daily forecast: EURGBP 22 Oct. 2014.

Technical analysis for Daily forecast of EURGBP 22 October, 2014. In Daily chart EURGBP shows bearish trend. At present EURGBP below from the pivot point and going towards the 1st support level. If 1st support level breaks then next strong support level is 0.77618.

Pivot: 0.79022

Resistance levels

R1 0.79280
R2 0.79662
R3 0.79920
R4 0.80178

Support levels

S1 0.78640
S2 0.78382
S3 0.78000
S4 0.77618

[ANDRIAS]

http://prntscr.com/4yjwcy
analysis for today 10 / 22 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EURGBP on the date 10 / 21 / 2014
OPEN 0.7916
HIGH 0.7941
LOW 0.7877
CLOSED 0.7890

The third resistance (R3) 0.7941 -( 0.7903 - 0.7877 = 0.0026 x 2 = 0.0051 )= 0.7992
The second Resistance (R2) 0.7903 + 0.7941 - 0.7877 = 0.7967
First resistance (R1) 0.7903 x 2 = 1.5805 - 0.7877 = 0.7928
pivot points 0.7941 + 0.7877 + 0.7890 = 2.3708 / 3 = 0.7903
Support for the first (S1) 0.7903 x 2 = 1.5805 - 0.7941 = 0.7864
Support second (S2) 0.7903 -( 0.7941 - 0.7877 = 0.0064 ) = 0.7839
Third Support (S3) 0.7877 -( 0.7941 - 0.7903 = 0.0038 x 2 = 0.0077 )= 0.7800

[maggie]

While monitoring the EURGBP I came to realize that a bearish trend is being formed today on the chart and of course I came to that conclusion because of the red 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 week bearish trend is indicated by the signals encouraging us to take sell trades but that of course as soon as the Nonlog indicator changes it�s 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 resistance located at the price 0.7893 would be the perfect place for that but if this method is not convincing enough then waiting for the super trend�s color to change to green would be a good idea as well since the bearish trend would certainly be over if it met any of those conditions.

[clark]

According to the position of the price at the moment which is currently in a position upper than the 15 EMA line there is a good chance for a bullish trend to be taking place today on the EURGBP chart.
There is a small chance for the bullish trend to take place according to the signals appearing by the power momentum indicator which is a great tool to filter the buy positions we are about to enter.
As for the power line indicator which is showing a downward direction signal due to its position which is below the 50 level at this moment.
.

[mary]

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 the 35 EMA.
From the looks of it making sell orders would be the wisest decision once a bearish direction is confirmed by the other indicators.
Also there are dots located below the candlesticks from the parabolic sar indicators showing us a upward 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.
.