Thread: Gbp/Chf
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pair- gbp/chf
analysis time frame- m30
the price is break the resistance of the moving average 50 at the 1.5234 level with strong bull candle. the price is now at daily resistance level two at 1.5289 this will reject down side. the rsi is also overbought. short with the take profit at 1.5190 and stop loss at 1.5300
good luck
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analysis for today 10 / 21 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBPCHF on the date 10 / 20 / 2014
OPEN 1.5253
HIGH 1.5261
LOW 1.5206
CLOSED 1.5236
The third resistance (R3) 1.5261 -( 1.5234 - 1.5206 = 0.0028 x 2 = 0.0057 )= 1.5318
The second Resistance (R2) 1.5234 + 1.5261 - 1.5206 = 1.5289
First resistance (R1) 1.5234 x 2 = 3.0469 - 1.5206 = 1.5263
pivot points 1.5261 + 1.5206 + 1.5236 = 4.5703 / 3 = 1.5234
Support for the first (S1) 1.5234 x 2 = 3.0469 - 1.5261 = 1.5208
Support second (S2) 1.5234 -( 1.5261 - 1.5206 = 0.0055 ) = 1.5179
Third Support (S3) 1.5206 -( 1.5261 - 1.5234 = 0.0027 x 2 = 0.0053 )= 1.5153
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.
There is a great chance for a bullish trend to be taking place today on the GBPCHF chart and that is according to the price which is currently located on a upper level than the EMA 15 line.
According to the power momentum indicator a low power of the bullish trend is shown and also it can be used as a filter for the entering the buy positions.
For more confirmation we can use the power line indicator which is currently above the 50 level giving us a good upward direction signal as a result.
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A bullish trend seems to be taking place today on the GBPCHF pair and thats according to the green color shown by the Super trend indicator determining by that the main market direction.
A sell signal is indicated from the Nonlog dot indicator and that is by giving us a red colored dot.
I prefer to wait for the Nonlog indicator till it shows a confirmation then i do think that the buy trades would be taking place more frequently since the signals are currently showing us a strong bullish trend.
For the exit plan I think waiting for the price to hit the support 1.5235 would be the best choice or we can always wait for the super trend to change its color to red either way that can only mean that the bullish trend is over and we should be ready for the price to be heading for the opposite direction .
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After the EURNZD pair moved yesterday there are some important things to indicate the price is now near the TMA's green level which works as support then a bullish trend can take a place in the coming day You can see too a Yellow and orange point below the price which is a good signal for going up to reach the red line of the TMA as a target Finally the timing indicator is now RED and the slope is near the level 70 I guess that buying would be a better choise in this conditions targeting the yellow line of theTMA then the red one as last target![]()
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As you can see on the chart of the EURNZD the golden tendency string indicator show a blue color and the price is heading above its level for now to indicate a clear signal for a bullish trend The last Golden finger dot was blue and appears above the red golden signal K candle in order to indicate a strong sell signal on the current time.
Also you can get a clear sell signal from the MACD indicator as it shows a bearish intersection below the 0.
00 line to be a good confirmation for the bearish direction.
One thing else the golden varitey indicator show a sell signal by getting a 3down signal in order to get a high confirmation of bearish trend.
Targeting the area of 1.6088 is recommended on the long term as there is no other strong level awaiting the price before it then considering it as take profit level can be a good 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.
Analyzing the EURNZD for today 21/10/2014 the price now is located ABOVE the BLUE level 1.6033 which is considered as the BALANCED point at MBFX indicator In the same time the vestro indicator shows a bearish saturation as it is last signal At this situation I can gess that the price may head up to the next MBFX level at the resistance located at 1.6058 as the first buying target for now and may continue to reach 1.6047 as the second resistance level for MBFX indicator But if the price breaks level 1.6007 then it cancels the up direction and it is time for thinking about selling .
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A bullish cross is now active on the EURNZD pair between two EMAs 9 and 152 to indicate that the price may go north on the next few hours.
And if you monitor the Histogram indicator you can easily see it is forming a Green line as its last signal to form a kind of bullish signal for the pair by being over the 0 level of histogram.
Another green line is shown when you check the Market emotion indicator which can be a good sign for the beginning of raising for higher prices for the EURNZD Also the slope is moving below the level of 0 at the Guru Angel indicator and the red color is shown to indicate a bearish direction by the current time.
As you can see it is clear that the price may go north to test the next resistance at the area of 1.6096 at the next few hours so I recommend a buy orders as long as the indicators keep 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.
While analyzing the GBPCHF there is an up trend due to the chart as it shown an up arrow and a blue candles at Henikien Ashi indicator. In mean while the T3_clean indicator make an intersiction with Snake indicator to form a buy signal on the short term. At last the Trend session indicator showa a blue signal which means that there is a strong possiblilty of up trend for now. By previous givens I think that chosing buy trades is the best choice for current situation. For the target of buy operations we can consier that the resistance 1.5291 is a good point to get profits for any buy positions.![]()
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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