empty
 
 
11.04.2016 02:59 AM
Technical analysis of GBP/CHF for April 11, 2016

This image is no longer relevant

Technical outlook and chart setups:

The GBP/CHF pair opened with a gap down today printing lows at 1.3400 levels before pulling back sharply. Please note that the pair has formed an engulfing bullish candlestick pattern on the 4H chart view, indicating a potential bullish reversal ahead. The pair is trading at 1.3450/60 levels for now, and a push through 1.3530 levels would confirm that bulls are back in control at least for the medium term. Furthermore, technical indicators are showing a bullish divergence as well (not depicted here), hinting at a potential rally ahead. It is recommended to turn long with risk below 1.3400 levels from here. Immediate support is seen at 1.3400 levels, while resistance is at 1.3530 levels respectively.

Trading recommendations:

Initiate long positions, stop below 1.3400 levels, 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