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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.

DateApril 3, 2021 - 23:07
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 1.22600 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 1.2770 on 03/22/2021, so more gains to resistance(s) 1.3055, 1.3420, 1.3855 and more heights 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 67.

Supports and Resistances:

  1. 1.3420
  2. 1.2750
  3. 1.2475
  4. 1.2055
  5. 1.1915
  6. 1.1600
Click on the level to view price action history.