empty
 
 
04.09.2015 03:52 PM
Technical analysis of GBP/CHF for September 04, 2015

This image is no longer relevant

Technical outlook and chart setups:

The GBP/CHF pair continues trading within the broader range between 1.4600 and 1.4900. The pair can break below the 1.4600 levels, but the risk/reward ratio to initiate short positions now is not good. It is recommended to exit long positions and remain flat for now, looking to initiate short positions at higher levels. Immediate resistance is seen at the 1,4900 levels (interim) followed by 1.5100 and higher, while support is seen at 1.4600 levels followed by 1.4500 and lower. The pair needs to break out of the confined trading range to enable taking positions.

Trading recommendations:

Remain flat for now.

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