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Thread: Technical analysis of GBP/CHF By Instaforex

  1. #1
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    Default Technical analysis of GBP/CHF By Instaforex

    Technical outlook and chart setups:
    The GBP/CHF dropped close to 1.5200 levels yesterday before pulling back higher. The pair is trading around 1.5300 levels at the moment and bears should resume down swing till prices are below 1.5340/50 levels. Support is seen just below 1.5200 levels, followed by 1.5100, 1.4975 and lower while resistance is seen at 1.5450, followed by 1.5550/5 respectively. It is recommended to remain short from last week, risk remains above 1.5450. The pair could drop below 1.4700 levels if 1.5350 and subsequently 1.5450 levels (resistances) hold good.

    Trading recommendations:
    Remain short, set stop above 1.5450, target is open.
    Good luck!
    Technical analysis of GBP/CHF By Instaforex-gbpchf30102014-jpg

  2. #2
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    Default Technical analysis of GBP/CHF for December 03, 2014 By Instaforex

    Technical analysis of GBP/CHF By Instaforex-gbpchf03122014-jpg
    Technical outlook and chart setups:
    The GBP/CHF pair tested 1.5225 resistance before pulling back. A push through 1.5230/50 would trigger further rally to the 1.5300/50 region. On the flip side, a failure could bring prices lower to at least 1.5100 levels if not lower. It is recommended to remain short from yesterday, with risk at 1.5250 for now. Immediate resistance is at 1.5230 (interim), followed by 1.5300,1.5450/75 and 1.5550 while support is seen at 1.5150, followed by 1.5070, 1.5000, 1.4950 and lower respectively. The pair seems to remain in control of bears till prices remain below 1.5250 levels from here. Furthermore, if 1.5070/75 is broken, the pair could drop further towards 1.5000 and lower.

    Trading recommendations:
    Remain short, stop at 1.5250, target is open.
    Good luck!

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