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the more probably trend here = bearish. And I see this bearish supported by the price that now on was near overbought area. For today move = I see this pair will probably more bearish if then price can break down to that 23.6 fib line (1.5303) = break from top.
the market is bullish means there is hope of some of profit or its going for a loss anyone clear please
Today analysis
gbpchf
Trend buy
Support level 1: 1.2470
Support level 2: 1.2440
Support level 3: 1.2400
Resistance level 1: 1.2530
Resistance level 2: 1.2560
Resistance level 3: 1.2590
my dear sir today of my tachnical analysis is gbp chf sell to bearish
Resistent1 = 1.2611
Resistent2 = 1.2623
Resistent3 = 1.2636
Support 1 = 1.2541
Support 2 = 1.2528
Support 3 = 1.2516
as we can see from the chart , the pair is trading under the level of 1.3000 , that's mean if the pair succeeded in breaking 1.3000 it will continue in uptrend to 1.3040 and then 1.3080 , but if the pair bounced from 1.3000 , it will continue in the down trend heading to 1.2970 and 1.2940The GBP/CHF has maintained a well defined descending channel formation since the start of April as haven flows continued to support the franc.
The GBP/CHF has maintained a well defined descending channel formation since the start of April as haven flows continued to support the franc.herefore, this correction was more aggressive. Friday was closed on the support of 1.29, and a break-up can slide to 1.25 and below. However, if the GBP crosses above 1.2 it will be a positive signal for it and a negative for the Swiss currency.
The price of the GBPCHF is trying to pull back, though the underlying trend is bullish. With this view, the price movement is still range bound. One way of handling this situation is to buy a pullback, more preferably at a strong support level. Yet, market conditions remain uncertain.we can see the last week candle formed bullish for this pairand should test the nearest resistant level at 1.448 and would face the down trend nearby .
GBP/CHF market technical over view
according to market technical analysis the market have down trend
the market trend is in sell position
expected resistance and support levels
1- Resistance level----------1.2554
2- Resistance level----------1.2572
3- Resistance level----------1.2584
1- Support level-------------1.2516
2- Support level-------------1.2500
3- Support level-------------1.2486
once in the prediction of several indicators for the technical analysis of currency pairs GBPCHF on the market today at 1.2565 the resistent level , then I recommend you to do the open position SELL with some criteria such as the following. You put a take profit at 1.2480 positions. You put a stop loss at 1.2564 positions
that's indicator Bollinger Bands is trend down and signal Parabollic SAR is trend down then Support and resistance at
Resistent1 = 1.2565
Resistent2 = 1.2577
Resistent3 = 1.2590
Support 1 = 1.2495
Support 2 = 1.2482
Support 3 = 1.2470
my analysis unable to control the forex market movement. you can follow my signal , but you should put stoploss to limit the risk.
Weekly technical analysis for GBPCHF
GBPCHF while below 1.5092 - 1.5129 it is more likely to fall further towards 1.5024 or 1.4993. Premature rise above 1.5129 could see it rising above 1.5191 zone.
Key Point 1.5123
Entry Point 1.5088
Trendline 1 1.5032
Trendline 2 1.5089
Support 1 1.4993 Support 2 1.4919
Resistance 1 1.5129 Resistance 2 1.5191