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Gbp/Chf
today currency trend is :sell
Resistance and Supporting level is :
Current price is: 1.3116
1> Resistance Level is :1.3128
2>Resistance Level is : 1.3140
3>Resistance Level is:1.3154
Daily supporting level
1> Supporting Level is : 1.3105
2>Supporting Level is: 1.3091
3>Supporting Level is: 1.3078
GBP/CHF 1H Chart: Supported by 100– and 200-hour SMAs
The British Pound has been appreciating against the Swiss Franc since the beginning of January when the currency pair reversed from the lower boundary of the long-term descending channel at 1.2350.
As apparent on the chart, the exchange rate has already reversed south from the upper channel line at 1.3325. From a theoretical point of view, bears are likely to prevail in the market within following sessions until the lower trend boundary is reached.
Bullish: currently we are @ 1.2990 and just out of the channel. We are looking for a continuation to the double top @ 1.3064 and possibly to the range top @ 1.3124. The average daily true range (ATR) for the pair currently is 95 pips.
Bullish: currently we are @ 1.2990 and just out of the channel. We are looking for a continuation to the double top @ 1.3064 and possibly to the range top @ 1.3124. The average daily true range (ATR) for the pair currently is 95 pips.
GBPCHF has touched and has been rejected by the resistance level at 1.4855. But I think the rejection is not too strong and the bullish trend still strong enough. So, I think the bigger possibility which can happen on GBPCHF, this pair will break 1.4855 resistance level and continue going up to the next resistance level at around 1.4910.
GBP/CHF (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1.5013
Retracement (50%) 1.5021
retracement (61,8%) 1.5029
Extensions (61.8%) 1.4947
Extensions (100.0%) 1.4922
Extensions (138.2%) 1.4897
Extensions (161.8%) 1.4881
calculation based on a Fibonacci retracement then today I choose sell
Pair is Gbp /Chf
Today's my technical analysis of Gbp /chf
Market trend is sell
Current price is =1.3116
1 RESISTANCE LEVEL IS =1.3127
2 RESISTANCE level is =1.3138
3 RESISTANCE level is =1.3155
1 supporting level is =1.3104
2 supporting level is =1.3090
3 supporting level is =1.3077
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
GBPCHF previous day range 74 points, 25% of the range 19 points
Enter Buy at 1.4539, stop loss at 1.4502, max take profit at 1.4589
Enter Sell at 1.4502, stop loss at 1.4539, max take profit at 1.4481
Today analysis for the pair of :Gbp/Chf
--- 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
Resistance level of this pair is:
1# Resistance is: 1.3269
2# Resistance is: 1.3294
3# Resistance is: 1.3336
Supporting level of this pair is :
1# Supporting is: 1.3186
2# Supporting is: 1.3161
3# Supporting is: 1.3120
Bearish: Currently we are @ 1.3012 in a range and a channel. We are looking for a continuation to the 0.500 Fibo @ 1.2953 and we could continue there to 1.2913. The average daily true range (ATR) for the pair currently is 114 pips.