Gbp/Usd

[shimy]

While monitoring the GBPUSD Chart for today we can see the rise of the price taking place as it hits the Bollinger band indicator�s down edge.
On the volume indicator we can notice that it�s having a value of 107 which can be indicated as low market volume.
I presume that the price would be heading upward after facing a strong pivot level and as a result setting the level 1.6118 as the upcoming resistance facing the price for the take profit however the level 1.6141 resistance in order.
As for the stop loss I think the level 1.6045 would do the trick if the price headed down .
As for the CCI I do think it should be used to confirm entry points only and not to be used as primary indicator .
2

[maggie]

While monitoring the GBPUSD 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 week bullish trend is indicated by the signals encouraging us to take buy 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 support located at the price 1.6085 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 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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[nininini]

the bullish channel drawn on the GBPUSD hourly chart mentioned the yellow color if the moving average so we recognized that the price is heading up for the current period The opening of the market today is at a higher values than the daily pivot point at 1.6081 and due to the data given the price may keep going up untill they reach the first daily pivot resistance located at the price of 1.6107 if the WPR indicator didn't indicate any opposite downward signals.
Then I guess that buying order will take place untill the next resistance at 1.6133 which is a very strong resistance level to reach before the end of the day.

[alii.hassan]

A bullish trend is taking place because of the up blue arrow located below the price on the GBPUSD pair right now.
You can confirm it even more using the buy cross between the snake and T3_clean In order to be safe a strong resistance level should be determined to act as a take profit and I believe the level 1.6135 would serve that purpose since it�s a strong resistance level at the current time.
But of course if it got broken it would mean that the price would head further up and so we would keep buying as a result.
But if the price headed to the other direction it would be wise to use 1.6075 as a stop loss level for it�s a really strong support As a result to what we said earlier I do believe that buying would be the best decision at the moment unless either a sell cross signal appears or a red down arrow is shown .

[Ramzy.hassan]

Using the zigzag indicator a top is drawn showing a good chance for the current trend to be heading down soon on our chart the GBPUSD The price is currently near the down edge of the Donchin band indicator meaning that the price is facing a great deal of difficulty heading downward the downward direction would be a good choice to follow but only if the candle was able to close below the level 1.6085 which is considered a good support level at the moment which is also represented by the blue dots on the chart waiting for the 2 SMA Indicators to perform a sell cross would give us a better chance for a sell trade On the other hand the level 1.6115 would be acting as a great resistance if we ended up facing an opposite upward direction .

[achyut]

Daily forecast: GBPUSD 20 Oct. 2014.

Technical analysis for Daily forecast of GBPUSD 20 October, 2014. In Daily chart GBPUSD shows bullish trend. At present GBPUSD above the pivot point and going toward the 1st resistance level. If 1st resistance level breaks then next strong resistance level is 1.62830.

Pivot: 1.60815

Resistance levels

R1 1.61344
R2 1.61771
R3 1.62300
R4 1.62830

Support levels

S1 1.60388
S2 1.59859
S3 1.59432
S4 1.59006

[alili]

About the EURUSD you can see a buy signal apears below the price which you can recognise it via yellow point Also the price heads towards the support of TMA channel indicator which you see it as the green line which is a good bullish signal And on the timing indicator located below the chart there is a buy signal due to the green line and it is located near the level of 30 By the previous givens buying is the part that I will choose targeting the resistance level of TMA indicator colored by red as soon as I can get a confirmation from timing indicator

[ANDRIAS]

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analysis for today 10 / 20 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GBP / USD on the date 10 / 17 / 2014
OPEN 1.6087
HIGH 1.6125
LOW 1.6029
CLOSED 1.6093

The third resistance (R3) 1.6125 -( 1.6082 - 1.6029 = 0.0053 x 2 = 0.0107
The second Resistance (R2) 1.6082 + 1.6125 - 1.6029 = 1.6178
First resistance (R1) 1.6082 x 2 = 3.2165 - 1.6029 = 1.6136
pivot points 1.6125 + 1.6029 + 1.6093 = 4.8247 / 3 = 1.6082
Support for the first (S1) 1.6082 x 2 = 3.2165 - 1.6125 = 1.6040
Support second (S2) 1.6082 -( 1.6125 - 1.6029 = 0.0096 ) = 1.5986
Third Support (S3) 1.6029 -( 1.6125 - 1.6082 = 0.0043 x 2 = 0.0085

[heboo]

The yellow line of the golden tendency string indicator proves that a bearish trend is going to take place on our chart the EURUSD also there is another downward direction signal appears which is indicated by the golden finger indicator as a orange dot at the top of golden super k indicator�s candle which is blue While on the other hand according to the MACD indicator a bearish trend would be taking place since the signal provided by the MACD is a sell cross under the 0 level which is a good sell signal.
The 4down signals shown by the golden varitey indicator shows which means a bearish signal and thus a strong downward trend As for the take profit I think the support located at the position 1.2713 would be the best position as it�s the strongest support near the price.

[hmmo]

The EURUSD chart shows that the price currently is moving below the MBFX indicator's BLUE line and it is a BALANCED area On looking at the last signal on vestro indicator there is a bullish saturation signal by going towards +100 level that may be a good indication to go south for now When you want to enter short so you can target the next level of support of the MBFX indicator at 1.2706 as first take profit and 1.2676 as your final target All of this means that in case of the price didn't reach 1.2804 and it can be used as stoploss for your sell trades .