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Weekly forecast British Pound / Swiss Franc technical chart
Symbol GBPCHF

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Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (1.3410 to 1.3470). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (1.3410)
    • Resistance on 03/23/2018
    • Resistance on 03/19/2018
    • Resistance on 12/08/2017
    • Resistance on 12/07/2017
    • Trough on 04/11/2016
    • Trough on 04/08/2016
    • Support on 04/08/2016
    • Trough on 04/07/2016
    • Support on 04/07/2016
    • Support on 01/27/2015
    • Resistance on 01/21/2015
    • Resistance on 01/20/2015
    • Resistance on 01/19/2015
    • Resistance on 01/16/2015
    • Resistance on 08/31/2011
    • Resistance on 08/30/2011
    • Resistance on 08/29/2011
    • Resistance on 07/22/2011
  • Ending of entry zone (1.3470)
    • Resistance on 03/22/2018
    • Resistance on 01/25/2018
    • Resistance on 01/24/2018
    • Resistance on 01/23/2018
    • Resistance on 01/22/2018
    • Peak on 12/08/2017
    • Resistance on 12/08/2017

DateMarch 25, 2018 - 22:21
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 1.34900 would begin in Midterm.

Technical analysis:

  • A trough is formed in daily chart at 1.2860 on 03/02/2018, so more gains maximum to Trend Hunter Sell Zone (1.3410 to 1.3470) 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 69.

Take Profits:

  1. 1.3320
  2. 1.3175
  3. 1.3105
  4. 1.2955
  5. 1.2865
  6. 1.2745
  7. 1.2645
  8. 1.2470
  9. 1.2220
  10. 1.1900
Click on the level to view price action history.