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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 4, 2018 - 20:46
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.27450, beginning of uptrend is expected.
  • We make sure when the resistance at 1.31000 breaks.
  • If the support at 1.27450 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • The RSI bounced from the support #2 at 43 and it prevented price from more losses.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 58.

Supports and Resistances:

  1. 1.6005
  2. 1.5535
  3. 1.4805
  4. 1.4555
  5. 1.4200
  6. 1.3855
  7. 1.3725
  8. 1.3475
  9. 1.3360
  10. 1.3190
  11. 1.3100
  12. 1.3000
  13. 1.2865
  14. 1.2745
  15. 1.2645
  16. 1.2470
  17. 1.2220
  18. 1.1900
Click on the level to view price action history.