the pair has closed it's daily candle under the level of 1.1800 , and that's mean that the down trend is still standing and the pair might reach 1.1750 and then 1.1700
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the pair has closed it's daily candle under the level of 1.1800 , and that's mean that the down trend is still standing and the pair might reach 1.1750 and then 1.1700
A failed attempt to breach above the 38.2% Fibonacci extension at 1.3190 today supports this view and accordingly our bias on the pair remains weighted to the downside
the GBP/CHF bounced at 1.1465 on Tuesday, reaching prices beyond 1.2600 today.trading around historical lows and looks like it will continue in this condition for a while.
Intraday trade:
If a M15 close above 1.2713 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.2528 sell only and do not buy. If price closes back above it again do nothing
The range 1.2713 and 1.2528 is neutral area, any trade done in between is personal decision and not part of this analysis
the pair and as we can from the chart has stated it's trading week above the level of 1.2700 and that's mean that the up trend is expected and the pair might head to 1.2800 and then 1.2850 how even if the pair make any howrly correction
GBP/CHF was trading at 1.2837, up 1.38% at time of writing.
The pair was likely to find support at 1.1673, Wednesday’s low, and resistance at 1.2892, Monday’s high.
this pair have reach the r2 level for today and now it holding in between the r1 and r2 level and if i break the r1 support level then we might see the pivot level will be take out soon......reversal will occcure soon
The GBP/CHF has maintained a well defined descending channel formation since the start of April as haven flows continued to support the franc. This pair was the topic of a scalp report last week where we attempted to fade the rally off of trendline resistance
Downward channel suggests there is further weakness in this pair. Some weak UK data this morning caused investors to establish further shorts at more attractive levels
break-down level at 1.24 to the bottom at 1.14, shows that a the correction might hit 1.19-1.20, so the sellers might wait there and trigger the reversal. Obviously, no one can really predict the market, and this tool only helps you to get prepared, but you cannot set pending order basing on it.