Thread: Gbp/Chf
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The chart and as we can see on it is showing the pair has succeeded in closing it's daily candle above level 1.4200 , and that's mean the up trend is still standing and the pair might head to 1.4250 and then 1.4280... Good luck .
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1.3365is strong support if price fail to break it price will rise to 1.3720 and then 1.3900 but if price break the low we will see further landing on this pair
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Pair : GBPCHF
Updated : Sun, Mar 17 06:50
Price : 1.4180
Movement : -102.1 Pips
Movement : -0.71%
Support : 1.4079
Pivot : 1.4223
Resistance : 1.4367
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Gbp/chf correlation with other currency pairs on 03.15.2013
positive correlation :
1) Gbp/usd- 0.86
2) Cad/chf- 0.86
negative correlation :
1) Usd/jpy- 0.91
2) Eur/cad- 0.89
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the cost break your assistance as soon as the extension promote away from about the gbpcross but it would seem your movements is otherwise engaged away from water..... is actually this kind of set of two obtain the underside just like gbpusd or that need to proceed greater..... enable wait and find out.
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Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
in the h4 time frame the price is making a bearish engulfing candlestick pattern. and it is close below the today pivot point at 1.4265 the stoch and cci are also move out from the over bought area. we can short this pair to the target support at 1.4115
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Pivot levels
R3: 1.4434
R2: 1.4347
R1: 1.4329
PP: 1.4269
S1: 1.4223
S2: 1.4163
S3: 1.4118
Comment: the price breaks the upword trend @ 1H time frame.
Forecast: If the price breaks the weekly pivot @ 1.4208, will fall to 1.4135, but it bonunces from it and can't break it will rise to 1.4385
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Pair : GBPCHF
Updated : Fri, March 15 8:45 p.m.
Price : 1.4238
Movement : -44.1 Pips
Movement : -0.31%
Support : 1.4160
Pivot : 1.4267
Resistance : 1.4374
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