Currency Pair GBPCHF Technical Analysis, Price Chart and News

Currency Pair GBPCHF Technical Analysis, Price Chart and News

GBPCHF Technical Analysis

GBPCHF Technical Analysis: Weekly Chart

GBPCHF Technical Analysis

In the weekly charts, GBPCHF is trading in a downward channel.

It is trading below all SMAs: MA (20), MA (50), and MA (100).

RSI is in selling zone which indicates bearishness. MACD is currently trading below zero which indicates bearishness.

The immediate support is at 1.20784 and the resistance level is at 1.25774

GBPCHF is trading in a downward channel until there is a trend reversal.

GBPCHF Technical Analysis: Daily Chart

GBPCHF Technical Analysis

In the daily charts, GBPCHF is trading outside its previous downward channel.

It is trading below MA (20) and MA (100) but above MA (50).

RSI is in buying zone which indicates bullishness. MACD is currently trading below zero which indicates bearishness.

The immediate support is at 1.21790 and the resistance level is at 1.22975

GBPCHF is trading above and outside its previous downward channel.

How to trade GBPCHF this week:

GBPCHF is trading in a downward channel until there is a trend reversal and the following opportunity can be taken:

TRADE SUGGESTION: SELL AT 1.20414, TAKE PROFIT AT 1.18492, AND STOP-LOSS AT 1.21930

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