GBPCHF Technical Analysis, Trading Tips and Price Forecast

GBPCHF Technical Analysis, Trading Tips and Price Forecast

GBPCHF Technical Analysis

GBPCHF Technical Analysis: Weekly Chart

GBPCHF Technical Analysis

In the weekly charts, GBPCHF is trading below its previous 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 1.17305 and the resistance level is at 1.20120

GBPCHF is trading below and outside its previous downward channel.

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 1.17505 and the resistance level is at 1.18675

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

How to trade GBPCHF this week:

GBPCHF is trading below and outside its previous downward channel until there is a trend reversal and the following opportunity can be taken:

TRADE SUGGESTION: SELL AT 1.16920, TAKE PROFIT AT 1.14760, AND STOP-LOSS AT 1.18690

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