empty
 
 
28.03.2016 07:51 AM
Technical analysis of GBP/CHF for March 28, 2016

This image is no longer relevant

Technical outlook and chart setups:

The GBP/CHF pair is seen to be trading around 1.3810/15 levels for now, after dropping to 1.3720 levels last week. Please note that the pair remains in the sell zone (below trend line resistance), even on smaller timeframes and is supposed to find resistance around 1.3850 levels. Also note that 1.3850 levels is the trend line and fibonacci 0.382 resistance as well as depicted here. It is recommended to remain flat for now and look to short around 1.3850/60 levels, with risk above 1.3900 levels. Immediate support is seen at 1.3720/25 levels, while resistance is seen through 1.4050 levels respectively. The pair is expected to remain in control of bears, at least for now.

Trading recommendations:

Remain flat for now, look to go short at 1.3850/60 levels, stop above 1.3900, target is open.

Good luck!

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback