Eur/Gbp

[achyut]

Daily forecast: EURGBP 21 Oct. 2014.

Technical analysis for Daily forecast of EURGBP 21 October, 2014. In Daily chart EURGBP shows bullish trend. At present EURGBP breaks 1st resistance level and going towards the 2nd resistance level. If 2nd resistance level breaks then next strong resistance level is 0.79693.

Pivot: 0.79160

Resistance levels

R1 0.79294
R2 0.79424
R3 0.79558
R4 0.79693

Support levels

S1 0.79030
S2 0.78896
S3 0.78766
S4 0.78637

[clark]

According to the position of the price at the moment which is currently in a position lower than the 15 EMA line there is a good chance for a bearish trend to be taking place today on the EURGBP chart.
There is a big chance for the bearish trend to take place according to the signals appearing by the power momentum indicator which is a great tool to filter the sell 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.
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[mary]

Obviously in front of us on the EURGBP chart we can clearly see that there is a up 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 Above the 35 EMA.
From the looks of it making buy orders would be the wisest decision once a bullish 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 buying would work greatly for me according to what we witnessed up till now unless an opposite bearish signal appears.
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[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 7922 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.

[alili]

If you use channel indicator to analyze the market then you can easily indicate that the price was at support whith is the green line on the TMA indicator and this is a bullish signal that can be used to buy the CADJPY pair today A new yellowandred point appears on the chart to tell us that there is a good chance for the price to move up through the day By the way a green line is now shown on the timig indicator to notice a buy condition for the current time and it is also near the level of 30 Finally buying can be a choise for today as long as you can find a confirmation on the timing indicator or an opposite signal didn't appear on the chart

[hmmo]

The vesrto indicator shows that there is a bearish saturation on the CADJPY last move and we use it to predict a bullish direction for now The chart shows that the price is located below a BLUE level and that is the BALANCED level Due to the bullish trend I have suggested that we can make sell possitions with the target located at the support 94.49 At any opposite signal on the vestro or when the price reachs the 95.22 level you might start thinking about bearish trend .

[samoo]

A bullish signal is now live on the Histogram indicator to show a possibility of Upward trend for the CADJPY chart.
Also there is a red line shown on the Market emotion indicator to indicate a negative signal about the market for the current day.
In additional you can see the red bar formed at the Guru indicator which located below the 0 level then it can be counted as a bearish trend signal on the short term.
Now a quick look on the chart will cause you to find the bearish intersection between the EMA9 and EMA152 to inform you about a sell trade to take a place.
After the previous signals then I guess a bearish trend to occur on this day and I think according to that the target of sell trades can be set to 94.09 as you can recognize it as the nearest support to the current prices.

[ali90]

As you can see on the EURGBP now there are a sell cross on the Snake and the T3-Clean indicators Also there are a bearish signal showing on Henkin Ashi candles as it is a red for the last candle in addition that you can see a down trend arrow showing before The trend session indicator is at red stage which is also a good bearish signal for the short term According to the past three signals I can think we could get a bearish trend for the next day targeting the area of 0.7865 as the first good support is located which can be used as a safe place for closing the sell positions or at least on it to see how the price will deal with it

[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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[aliali1]

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 0.7975 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 0.7895 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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