empty
 
 
19.01.2016 05:25 AM
Technical analysis of GBP/CHF for January 19, 2016

This image is no longer relevant

Technical outlook and chart setups:

The GBP/CHF pair produced an indecision candlestick pattern on the daily chart at yesterda's close (1.4315/17). The pair is more likely to rally higher today producing a bullish morning star reversal candlestick pattern. Please note that we expect a a rally keeping in account two probable trade counts here. The pair was dropping all the way from 1.5570 and a pullback can take place any moment now. The pair has found support at Fibonacci 0.786 levels and can resume its trend. In either count, there is a high probability that a rally from current levels to a low of 1.3850 occurs. Immediate support is seen at 1.4136, while resistance is seen at 1.4600.

Trading recommendations:

Remain long now, stop is below 1.4200, a 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