Spoiler:
Daily Forecast
Major Trend: Bullish
Time Frame: H4
Reason: Stochastic started to point upwards, it is predicted to be able to predict a correction at 1.4524 weekly correction point.
Recommendation: Buy
Thread: Gbp/Chf
Daily Forecast
Major Trend: Bullish
Time Frame: H4
Reason: Stochastic started to point upwards, it is predicted to be able to predict a correction at 1.4524 weekly correction point.
Recommendation: Buy
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.
pair- gbp/chf
time frame analysis- m15
the price is moving up side with making double bottom chart pattern. it is having support at the 1.4254 level and moving up side with breaking the pivot point. now its at the strong resistance 1.4380 level and its may again down side. short with stop loss at 1.4400
good luck.
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The form of the price of the pair last Btdaullach new resistance at the 1.4685 level supported by stability within the negative level until this moment, so we will rely on the stability of the previous level and are waiting for the success of the price broke the Mediterranean axis moving 55 to open the way for him to score more negative objectives, which starts from 1.4020 down to the level of 1.3790 .
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Daily Forecast
Major Trend: Bullish
Time Frame: Weekly
Reason: There is a bullish candle with shadow underneath at 4 weeks ago, and predicted the market will still go up. However, if the market exceeding below 1.4915, the market will be bearish
Recommendation: Buy
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I think that this is a good opportunity to get in short position from the support level at 1.4340 with take profit at 1.4671.
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Also continue to down to pair GBPCHF .
Today we focus on the 1.4428 breakdown see opportunities to be able to take the op sell again later.
Sterling francs and recovery from the daily support level 1.39998 which is an important levels represent a 50% retracement, which means entry purchasing power to raise prices to the top and weakness in the emergence of sellers to lower prices and we support the bullish scenario and control buyers on the upside and control to raise prices and seeing him more ups to the resistance levels of 1.4970 and 1.5040 weekly resistance.
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Daily Forecast
Major Trend: Bullish
Time Frame: H4
Reason: Market still will go up, if it had been the first to break the resistance at 1.4671. However, if the market breaks down 1.4578, then the trend changed.
Recommendation: Buy
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.
Daily Forecast
Major Trend: Bullish
Time Frame: Daily
Reason: To move this week, will be bullish because the market had previously been located above the Fibonacci 100. The target is in the 1.5057 Fibonacci 161.8
Recommendation: Buy
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.
I think that we should wait until the price break the resistance level at 1.4683 then we get in long position with take profit at 1.4822.
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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