SubscribeForex market is vrery nice trader market.the support after the continuation sell off on the Barbarossa but it seems the movement is out off steam ...is this pair find the bottom like gbpusd or it want to go deeper ...let wait and see
Thread: Gbp/Chf
Forex market is vrery nice trader market.the support after the continuation sell off on the Barbarossa but it seems the movement is out off steam ...is this pair find the bottom like gbpusd or it want to go deeper ...let wait and see
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Date: 23.04.12
Timeframe : M15
RSI(14) 62.164 Buy
STOCH(9,6) 57.099 Buy
MACD(12,26) 0.001 Buy
Williams %R -18.519 Overbought
Indicators : STRONG BUY
Spoiler:
Timeframe : H4
RSI(14) 63.324 Buy
STOCH(9,6) 71.290 Buy
MACD(12,26) 0.001 Buy
Williams %R -11.364 Overbought
Indicators : STRONG BUY
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Yes my friend this pair have a really really good chance to go downwards but now it is in a resistance position if it break the resistance then it will go down for sure..Originally Posted by gemmy
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The pair as we see from H4 chart is going to test 23.6 level so i think if it can break this support level it will continue in down direction and it will be a great chance to make sell and take profit at near 38.2 .
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From H4 chart , we see the pair moving in up trend still unbroken yet , but it couldn't close the resistance level at 0 % so it reverse it's direction and will move down in the next few hours till reach 23.6 level and make retest so we can make sell order now and take profit at around 23.6 % .
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i think that GBPCHF will move up as we have a strong support level @161.8 percentage it will move up until it reach @61.8 percentage as we have resistance level @ this level so i suggest buying now .
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If a M15 close above 1.4400 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.4200 sell only and do not buy. If price closes back above it again do nothing
The range 1.4400 and 1.4200 is neutral area, any trade done in between is personal decision and not part of this analysis
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.
If a M15 close above 1.4400 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.4200 sell only and do not buy. If price closes back above it again do nothing
The range 1.4400 and 1.4200 is neutral area, any trade done in between is personal decision and not part of this analysis
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.
the pair and as we can see from the chart is trading under level 1.3550 , so , that's mean the down trend is still standing and the pair might head to 1.3490 how ever the pair made any hourly correction , good luck .
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.
If a M15 close above 1.4400 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.4200 sell only and do not buy. If price closes back above it again do nothing
The range 1.4400 and 1.4200 is neutral area, any trade done in between is personal decision and not part of this analysis
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.
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