GBP/CHF

[RVD Support 8]

This Thread is made for the discussion of GBP versus CHF
You can give here forecasts, explanation about the market And Technical Analysis.

[topman]

GBPCHF,H1
Date 2013.06.26
Time 13:00
-------------------
R3 1.4648
R2 1.4580
R1 1.4525
Pivot 1.4457
S1 1.4402
S2 1.4334
S3 1.4278
------------------


Pattern : ABCD BEARISH.
Description : If the price stopped at 1.44661 then it could be formed a wave C, so we can start pointing the target for wave D at FE 61.8 OR FE 100.

[saiansh23]

Pair is try to stay above 1.4390 and so far holding But I would like to stay a break above 1.4470 for the pair to gain some momentum for the test of 1.4590 with a break there certainly
pair would have gathered momentum for long trades But If you are going with the trend you should watch for a break below 1.4424 and then 1.4310 for a pair to test 1.4050 And
that is th entry with a break below 1.4310 and stop should be placed at 1.4440 and target would be 1.4050 so it would be offering 1:1 Risk reward
Regards
Check the chart

[topman]

This pair already created new lowest swing here and it touched the lower line of trend tunnel, so i expect it would be move upside to challenge area 1.44350 - 1.44443. At other hand if it failed to reach that area and breakout previous lowest then this pair will be bearish expansion to 1.43628 or 1.43317. Meanwhile, the trend tunnel still showing a bullish trend there.

[topman]

There is a breakout of trend tunnel on hourly chart, so i expect bullish will be continue for hunting 1.44472 or 1.44886. At the opposite, if the price can defeat barrier 1.43648 then bearish will be continue hunting 1.43144 or 1.42833. So, barrier 1.43648 is our stop level here. For additional information, bullish formed a strong candlestick last hour to make a confirmation.

[saiansh23]

Pair is correcting in Channel With extreme resistance 1.4470 And break there would be good enough for a test of 1.4560 And then If we get a break there Then it should good enough to see bottom is in placed And to the downside 1.4330 protecting the downside If we want to short this pair This has to be broken And it is the only support so break is expected And Then test of 1.4190 would be seen soon
REgards
Check the chart

[topman]

GBPCHF,H1
Date 2013.07.02
Time 19:00
------------------
R3 1.4562
R2 1.4513
R1 1.4445
Pivot 1.4396
S1 1.4328
S2 1.4279
S3 1.4211
---------------
Description : The price is still under pivot point and the center line of trend tunnel, so it is potential to test support levels and entering the red zone (stronger bearish).
Preference : Wait until it breakout 1.43232 to get strong bearish confirmation. Vice versa wait till it break 1.44486 for bullish confirmation.

[ispgamer]

pair is moving above bullis zone because above kijun sen but is still sideway after bearish bars heiken ashi are intersecting up downward tenkan sen then now one new long bullish bar is trying to move above tenkan sen as bullish starting above 1.4400 but is not able in continuing upward above this tenkan sen and back below this previous level as sideway