. GBPCHF Technical Analysis, Trading Tips and Signals By Capital Street Fx

GBPCHF Technical Analysis, Trading Tips and Signals

30 May 2022

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 1.19770 and the resistance level is at 1.23212

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 below its previous upward 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 1.20075 and the resistance level is at 1.21574

GBPCHF is trading outside and below its previous upward 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 1.19526, TAKE PROFIT AT 1.16872, AND STOP-LOSS AT 1.21098