Printable View
Gbp / chf is still not able to strengthen to a higher level. restrained prices and turned down from overbought level indicator mbfx asia market currently underway. Short-term consolidation trend looks down. This indicates that prices will weaken limited but still likely retrsce up. the absence of any stochastic signal in the area of OB or OS makes prices move with uncertainty.
The trend on this pair (GBPCHF) ook on sideways first. The price now near that supply area (daily TF), And look difficult to break up more that supply area. So, on my see = it's better to just ignore this pair and just wait and see with this sideways price (near that supply area = 1.5366). Then, if the price on next price move can be move down more that 23.6 fib (1.5332) = I see price pullback bearish = will probably start here.
in time frame h4 analysis with stoch and cci- we can see that price is oversold are and cci is moving to up side. but now long position is not good because it is in down trend and pivot point may be act as resistance at 1.4567 so we must wait to break the lower trend line. look in the long position at 1.4640
BPCHF till closed price this week = look on still move near that Supply area - just wait and see = then we can see the MACD on more probably pullback down too. So, yes, on my simple look = this pair on more probably to become bearish and search for sell (on next price movement) = better, I see.
Trend bullish on GBPCHF looks set to continue, because the level of 1.5134 was over and MA line was no-cut, although on the other hand has shown Stoch overbought but bullish signal does not appear, will likely continue to rise to the level of 1.5798
After rising more than 140 pips in the morning, in the area of sideway GBPCHF 1.5243 - 1.5208, most likely for the U.S. session there will be a significant price reversal towards 1.5136 or probably lower than that price.
Daily analysis for the pair of Pound Swiss , The pair now stand at the point strong support at 1.4562 and saturated propelled RSI expect him to climb to 1.4622 levels as if to break 1.4562 support I expect falls to 1.4490
The position of the current price is below 50 EMA on the hourly chart, momentum is bearish
The position of the MACD iscross the line under area 0, the momentum is bearish
Trend today: Bearish
Target today:1.4164
On the hourly chart, the price is below the 12 EMA (red) and 72 EMA (blue) indicates the trend is still down
50 RSI cross the line below area 50 ,indicates the trend is still down
Recommendation: SELL
Take profit: 1.4506
Stop loss : 1.4741
1.3640 ke pas iska 1 support tha jisse ye nahi tod paya..
ab mere khayal se isse 1.3780 tak jane ke ache chances h.