empty
 
 
07.12.2012 12:42 PM
GbpChf Rallies Through 1.4980. Recommended To Remain Short

This image is no longer relevant

Technical Outlook and Chart Setups:

The single currency pair has been sloping down forming a resistance and bouncing off the support at 1.4800 level since last several weeks. Major resistances were formed within the consolidation 1.51 and just above 1.5200 level respectively. As depicted on charts, the down trend sloping line is passing through the 1.5050 area at the moment. Yesterdays' rally could possibly extend and meet 1.5050 level before reversing. On the other hand, a break of 1.5100/50 levels will push further high towards the 1.5350 mark. Selling rallies are recommended for now.

Trading Recommendations:

Hold short positions. Add on rallies. Stop is at 1.5100. Target is below 1.4800.

Good Luck!

Summary
Urgency
Analytic
InstaForex Analyst
Start trade
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • 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 $6000 more!
    In December we raffle $6000 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
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback