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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.

DateAugust 7, 2022 - 07:58
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.14564, beginning of uptrend is expected.
  • We make sure when the resistance at 1.19753 breaks.
  • If the support at 1.14564 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 1.17175 on 08/04/2022, so more losses to support(s) 1.15988, 1.15270 and minimum to Major Support (1.14564) 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 45.

Supports and Resistances:

  1. 1.34200
  2. 1.28095
  3. 1.25975
  4. 1.24464
  5. 1.22953
Click on the level to view price action history.