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GBPCHF till shut value this week = look on still move close to that Supply region - simply keep a watch out = then we can see the MACD on more likely pullback down as well. Along these lines, indeed, on my straightforward look = this combine on more most likely to end up bearish and scan for move (on next value development) = better, I see.
downtrend will resume back after it reach the trendline.....just watch for a revesal candlestik to enter the sell again and the projection will be below the support line within1.4375area
My recommendation for this pair is open sell
I analyses this trend after the great experience of trading. My experience is about 4 year of forex trading. I use moving average parabolic bar support and residence to understand the trend .my suggestion is not 100% correct because it is my experience only who I share with all of you.
GBPCHF At this moment we have a Buy situation with the exponential moving average period 20 at 1.4248. Also the Average Directional Index period 14 is at -14 indicating that we should be looking for a Neutral decision. Using the classic method of calculation, the daily pivot points for this pair are: Main pivot 1.4261, S1 1.4156, S2 1.3981, S3 1.4506 and 1.4331, R1 1.4436, R2 1.4506, R3 1.4506.
GBPCHF This combine is at 1.44 00/03 (- 0.73%) level. On the off chance that we take a gander at the Normal Directional Pointer (ADX) it is revealing to us that we ought to be in an Impartial circumstance. In the one hour time span the Exponential Moving Normal time frame 5 is at 1.4411, giving the sign that we should Move. What's more, the Exponential Moving Normal time frame 20 is at 1.4433, giving the sign that we ought to be in a Move circumstance.
Rate of gbp.chf in markeet
It seems there have a selling point now .it ask point was
At 1.2561
Bid . 1.2574
Open 1.2497
Minimum 1.2482
miximum . 1.2579
It shos us . +0.5121% . . thats all
macd indicator is ready to give us long signal in h1 time frame but we must long this pair if the resistance 1.4350 is break. at the time cci and stoch overbought so there is also possibility that price will reveres again and not break this resistance.
wlliott elongated flat correction down 1.4497 it should try higher up to 1.4537 - 1.4557entery point 1.4517 or 1.4500 after this rise acorrection is expected
technical points : key point 1.4532 - entery point 1.4489 - elliote1.5006 - closing 1.4523 - projection 1.4497 - trend line 1.4543
After understanding the analysis I am trying to discuses Gbp/chf pair today.
After spending a great time on this pair I would be able to understand the trend of this pair. I am not 100% sure about it but it is my opinion only.
Trading recommendation for a big profit is… ( sell)
I use the moving average for analysis
Moving Average (period 60) Red:up
Moving Average (Period 10) Yellow: up
Moving Average: (Period 200) green:up
Crossing Point:1.2535
End point of today market:1.2561
Daily (SA148P) updates for Gbp/Chf
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Standard Support – Resistance:
Resistent3: 1.2610
Resistent2: 1.2575
Resistent1: 1.2553
Pivot level: 1.2519
Support 1: 1.2484
Support 2: 1.2462
Support 3: 1.2428
--- Trading opinion for the best profitable trade: Open buy ---
I recommend this trading trend for all my friends because I made this recommendation after the great experience of trading and analysis of fundamental approaches. Best of luck
The Pound/Swiss Franc cross is a lower volatility pair that is tempered by the currencies' economic and geographic proximity. The Swiss Franc is considered a benchmark safe haven currency due to its history as a refuge for wealthy individuals from foreign shores looking to safe guard capital. In turn, the British Pound is one of the premier reserve currencies and represents the world's largest financial center.GBPCHF Sell Idea
GBPCHF Sell Idea @Weekly Supply Zone(1.43391 - 1.46380) Sell Limit: 1.43175 Stop Loss: 1.46989 Take Profit: 1.38560