empty
 
 
13.02.2015 02:49 PM
Technical analysis of GBP/CHF for February 13, 2015
This image is no longer relevant

Technical outlook and chart setups:

The GBP/CHF pair has raised through the levels of 1.4360 taking our stops out at 1.4230. The pair has been steadily making higher highs and higher lows since the drop from 1.5550 to 1.1800 on January 15, 2015. The immediate resistance is seen around the handle of 1.4600/1.4700 (Fibonacci 0.786), while the support is seen at the levels of 1.4100 for now. Only a drop below the levels of 1.4100 would build a case of selling into rallies. Until then, it is safe to buy on dips. It is recommended to buy on dips into 1.4200/50 from here on with risk at the levelsof 1.4100. Bulls shall remain in control untill prices stay above the 1.4100 handle.

Trading recommendations:

Buy on dips towards 1.4200/50; stop is at 1.4100, target is at 1.4600 and 1.4700.

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