GBPCHF looks like bearish trend this week..according to price action
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.18200). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPCHF is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...
Price Action: Sharp Rejection from the Upper Resistance Line, in a confirmed downtrend. Indicators: MACD about to crossover for a bearish Signal. Stochastic indicating an over brought Position as its above the 70 line. Price under the 200 EMA and a sharp rejection wick seen on the 4 hour time frame.
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.1885). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPCHF is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a...
Midterm forecast: While the price is below the resistance 1.2200, resumption of downtrend is expected. We make sure when the support at 1.1670 breaks. If the resistance at 1.2200 is broken, the short-term forecast -resumption of downtrend- will be invalid. Technical analysis: A peak is formed in daily chart at 1.2115 on 05/05/2020, so more losses minimum to...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.209). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPCHF is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.2128). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPCHF is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a...
Haven't published publicly for a while! Quick short idea on GBPCHF. Initially looking from a weekly perspective, I have made a top down analysis, focusing on the H1 timeframe for a potential entry this coming week. As illustrated the August '19 low is proving to be a key zone of support, turned resistance and again support at around 1.16750. The 2020 wick low...
A Good Position to short due to the pullback towards the 0.3 Fibbs level and the candles being below the 90 EMA .
Price rejected at key level along with long tem trend.
Hello Everyone Here is an analysis on GBPCHF As we can see there is a head and shoulder pattern. The pair has made one shoulder and head and is about to make its secound shoulder.
We are Bullish in GBPCHF. Only Buying in GBPCHF. We see potential up side move in this Pair
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.2613). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPCHF is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a...