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Weekly forecast British Pound / Swiss Franc technical chart
Symbol GBPCHF

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Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateNovember 21, 2020 - 16:09
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 1.1600, beginning of uptrend is expected.
  • We make sure when the resistance at 1.2220 breaks.
  • If the support at 1.1600 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 1.2200 on 11/11/2020, so more losses to support(s) 1.2025, 1.1915, 1.1725 and minimum to Major Support (1.1600) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 61.

Supports and Resistances:

  1. 1.3420
  2. 1.3055
  3. 1.2820
  4. 1.2475
  5. 1.2220
  6. 1.2025
  7. 1.1915
  8. 1.1470
  9. 1.1100
Click on the level to view price action history.