. GBPCHF Technical Analysis, Forecast and Trading Tips - CSFX

GBPCHF Technical Analysis, Forecast and Trading Tips

GBPCHF Technical Analysis, Forecast and Trading Tips

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 1.17675 and the resistance level is at 1.20785

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 1.17700 and the resistance level is at 1.19230

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 1.17420, TAKE PROFIT AT 1.14865, AND STOP-LOSS AT 1.18935

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