empty
 
 
25.08.2015 09:18 AM
Technical analysis of GBP/CHF for August 25, 2015

This image is no longer relevant

Technical outlook and chart setups:

The GBP/CHF pair has dropped below 1.4700 levels recently before pulling back. The fall from 1.5400/10 levels might be complete or at least a counter rally is expected higher from here on. Please note that the pair has formed a bullish morning star candlestick pattern as well. It is hence recommended to initiate long positions with risk at 1.4550 levels for now. Immediate support is seen at 1.4550 levels (interim), followed by 1.4450, 1.4380 and lower while resistance is seen at 1.5050 levels, followed by 1.5150, 1.5350 and higher respectively.

Trading recommendations:

Initiate long positions now, stop at 1.4550, a target is open.

Good luck!

Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Gagnez sur les variations du cours des cryptomonnaies avec InstaForex.
Téléchargez MetaTrader 4 et ouvrez votre première transaction.
  • 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

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback