Subscribethe GBPCHF pair is trading around 1.4870 at the moment and is possibly preparing to drop lower towards 1.4690/1.4700 from here for any intraday rallies the pair could find resistance around 1.4975/1.5000.
Thread: Gbp/Chf
the GBPCHF pair is trading around 1.4870 at the moment and is possibly preparing to drop lower towards 1.4690/1.4700 from here for any intraday rallies the pair could find resistance around 1.4975/1.5000.
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GBPCHF
Price: 1.4918 July 23 19:52
Movement: -65.7 Pips (-0.44%)
pivot
Support: 1.4803
Pivot: 1.4973
Resistance: 1.5144
Technical indicators
Short Term: 80% Buy
Mid Term: 100% Buy
Long Term: 100% Buy
Recommendation: 96% Buy
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technical outlook. the gbpchf pair is trading around the level of 1.4900 at the moment after reaching lows at 1.4875 in early hours today. as we can see here, the pair hit hit its first expected Fibonacci extension level for now
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Spoiler:
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Daily Forecast
Major Trend: Bullish
Time Frame: H4
Reason: It is predicted that the market will return retest the support at 1.4533, karean sideway Bollinger, and enveloopes led down. End target still at 1.4838
Recommendation: Sell
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g mery dost main ny pichly kuch din sy note ker raha hoon k markit ahista ahista up ki tref ja ri hy ur yejh is baat ka ishara kerti hy k bht hi lamba jhatka mary gi up ka is lye is main bari muhtat ho k trad lagani pery gi loss bhi ho sakta hy is main
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The daily Frame to have a continuity model known triangle rookie.
Price today where he was able to penetrate the upper leg of his resistance around 1.4680 price almost, so the status of shutdown
Candle 1.4680 the highest price today would be considered confirmation of the breakthrough and the desire to climb the next turn resistors where the first
The price of 1.4960 and 1.5190 second on prices in the coming period.
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Daily Forecast
Major Trend: Bullish
Time Frame: H1
Reason: There is strong resistance at 1.4655, and also stochasti has sideway in overbought area with a long time.
Recommendation: Sell with a target of 1.4567
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Daily Forecast
Major Trend: Bearish
Time Frame: H1
Reason: Fibonacci 61.8 has not been corrected. And pivot point located at 1.4596 too. Then the market is predicted will break 1.4548 after correction
Recommendation: Sell limit at 1.4593
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I think that the support level at 1.4551 will make the price rise that's why we can get in long position with take profit at 1.4653.
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Daily Forecast
Major Trend: Bullish
Time Frame: H1
Reason: Terliaht that candle earish has penetrated trendline support. Predicted the market will still be heading to 1.4397 to retest
Recommendation: Sell
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