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Weekly forecast British Pound / Swiss Franc technical chart
Symbol GBPCHF

Trading suggestion:

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

DateMarch 20, 2022 - 00:58
Currentrange bound
Forecastresumption of downtrend

Midterm forecast:

  • While the price is below the resistance 1.23250, resumption of downtrend is expected.
  • We make sure when the support at 1.21220 breaks.
  • If the resistance at 1.23250 is broken, the short-term forecast -resumption of downtrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 1.2414 on 03/17/2022, so more losses minimum to Major Support (1.2122) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 47.

Supports and Resistances:

  1. 1.3420
  2. 1.1600
Click on the level to view price action history.