I think that the 50.0 level of fibonacci ratios at 1.5237 will give us a good opportunity to get in short position.
Thread: Gbp/Chf
I think that the 50.0 level of fibonacci ratios at 1.5237 will give us a good opportunity to get in short position.
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analysis for today 11 / 26 / 2014
GBP/CHF
Resistance : R1 1.5208 R2 1.5233 R3 1.5253 R4 1.5283
Support : S1 1.5072 S2 1.5047 S3 1.5027 S4 1.4997
Open : 1.5141
High : 1.5147
Low : 1.5133
Range : 0.0014 Pips
Running Price : 1.5134
Strategy : SELL at the level 1.5134 stop loss at the level 1.5208 target take profit at the level 1.5027 or at the level 1.4997
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Spoiler:
Daily Forecast
Pair: GBPCHF
Major Trend: Bullish
Time Frame: Daily
Reason: Last week, the price has managed to penetrate the weekly pivot ppint, but has not touched the weekly resistance. This week, the price of successful correction in the weekly pivot point at 1.5136 price, then the price is expected to move into WR1 in the price of 1.5325. RSI has moved upwards although not through the line 50, the stochastic has been in overbought area.
Recommendation: Buy with daily target at 1.5186
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As you can all realize there is a downward trend taking place on the GBPCHF pair indicated by the red dots appearing on the bars the price may keep going south so long it stays lower than the level 1.5273 which is considered a strong resistance and also a weekly pivot point that of course until it hits the support at level 1.5014 which is also a weekly pivot point.
But there is another possibility that might yet take place and that is if the price broke the resistance 1.5273 and got itself a bullish signal via the blue dots in this case I do think that the price will be heading north till it hits the resistance 1.5364 which is the pivot level of the current week.
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pair- gbp/chf
analysis time frame- m30
the down movement of the price is break the support of moving average at 1.5180 level and falling down side. this may hold at the daily support and again up side. the rsi indicator is oversold and moving up side. long with stop loss at 1.5114 and profit target 1.5347
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.
As you can all realize there is a downward trend taking place on the GBPCHF pair indicated by the red dots appearing on the bars the price may keep going south so long it stays lower than the level 1.5273 which is considered a strong resistance and also a weekly pivot point that of course until it hits the support at level 1.5014 which is also a weekly pivot point.
But there is another possibility that might yet take place and that is if the price broke the resistance 1.5273 and got itself a bullish signal via the blue dots in this case I do think that the price will be heading north till it hits the resistance 1.5364 which is the pivot level of the current 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.
pair- gbp/chf
analysis time frame- m30
the price is having resistance at the 1.5210 level and the movement of rsi indicator is down side. the price is at equal high but the rsi is higher to lower side. its down movement can expected to lower support at 1.5134 level. short with stop loss at 1.5238
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.
Daily Forecast
Pair: GBPCHF
Major Trend: Bearish
Time Frame: H4
Reason: Possible price will still be a correction to the area of the pivot point is at 1.5134, before continuing the bullish trend to go to 1.5312. For a while the price has gone through the top Bollinger Band, which means it will be a while sideways. RSI and Stochastic has been in overbought area.
Recommendation: Buy at 1.5134 with targets pivot point 1.5244
Last edited by ducd3vaizo; 2014-11-24 at 07:24 AM.
As you can all realize there is a upward trend taking place on the GBPCHF pair indicated by the blue dots appearing on the bars the price may keep going north so long it stays lower than the level 1.4887 which is considered a strong support and also a weekly pivot point that of course until it hits the resistance at level 1.5285 which is also a weekly pivot point.
But there is another possibility that might yet take place and that is if the price broke the support 1.4887 and got itself a bearish signal via the red dots in this case I do think that the price will be heading south till it hits the support 1.475 which is the pivot level of the current 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.
pair- gbp/chf
analysis time frame- m30
the price is in the up trend side as hold at the support 1.5021 level and moving up side with breaking the moving average 50 and resistance at 1.5080 level. now the rsi is showing overbought so again correction can expected. the price is also making doji pattern short with stop loss at 1.5195
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.
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