GBPCHF Technical Analysis: Weekly Chart
In the weekly chart, 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 1.19550 and the resistance level is at 1.24398
GBPCHF is trading in a downward channel until there is a trend reversal.
GBPCHF Technical Analysis: Daily Chart
In the daily charts, GBPCHF is trading above its previous downward channel.
It is trading above MA (20) and MA (50) but below MA (100).
RSI is in buying zone which indicates bullishness. MACD is currently trading below zero which indicates bearishness.
The immediate support is at 1.21845 and the resistance level is at 1.22972
GBPCHF is trading outside and above its previous 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:
