empty
 
 
18.07.2013 10:18 AM
GbpChf bounces off support trend line

This image is no longer relevant

Technical outlook and chart setups:

The single currency pair bounced off right at the rising uptrend line yesterday, after printing lows intraday. The Fibonacci 0.786 ratio of the rally from 1.4075 to 1.4800 is also coinciding the bullish bounce. Keeping this into consideration, it is recommended to quit short positions and initiate long positions for now. Immediate support is seen at 1.4075, followed by 1.4; while resistance is seen at 1.48, followed by 1.5 and higher up. This bullish bounce appeared, 1.45/1.46 levels should be clear to instill further confidence into the long side. Looking higher, considering the bounce on the trend line.

Trading recommendations:

Initiate long positions, stop is at 1.4050, and target is open.

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 $10000 more!
    In January we raffle $10000 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