GBPCHF Technical Analysis and How to Trade GBPCHF

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 1.16960 and the resistance level is at 1.24840

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 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 1.17140 and the resistance level is at 1.18405

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

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 1.16355, TAKE PROFIT AT 1.12445, AND STOP-LOSS AT 1.19605

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