empty
 
 
14.05.2013 01:34 PM
GbpChf retraces for now. Hold on long positions targeting 1.48

This image is no longer relevant

Technical outlook and chart setups:

The single currency pair has bounced off the sloping downtrend line as depicted here. Nevertheless, this can be just considered as a pullback for now and it is recommended to hold long positions towards 1.48 level from here on. Immediate support is at 1.45, followed by 1.44 and lower while major resistance is at 1.5 level. A break of 1.45 level would suggest that a top is in place near 1.4750 region and the next move is lower from here. Until that event, prices should look to build higher towards 1.48 and possibly towards 1.5 level. This rally that has begun from 1.4 level could be the counter trend rally for the down swing from 1.54 to 1.400. Bottom line: Looking higher for now.

Trading recommendations:

Hold long positions for now, stop is at 1.4500, target is at 1.48 at least.

Good luck!

Ringkasan
Urgensi
Analitik
InstaForex Analyst
Mulai berdagang
Dapatkan keuntungan dari perubahan nilai mata uang kripto dengan InstaForex.
Unduh MetaTrader 4 dan buka perdagangan pertama Anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    GABUNG KONTES
  • Chancy Deposit
    Isi akun Anda sebesar $3000 dan dapatkan $6000 lebih banyak!
    Pada Desember kami mengundi $6000 dalam promo Chancy Deposit!
    Dapatkan kesempatan untuk menang dengan melakukan deposit sebesar $3000 pada akun trading Anda. Setelah memenuhi persyaratan ini, Anda telah menjadi partisipan promo.
    GABUNG KONTES
  • Trade Wise, Win Device
    Top up akun anda dengan dana minimal $500, daftar kontes, dan dapatkan peluang untuk memenangkan perangkat seluler.
    GABUNG KONTES
  • 30% Bonus
    Raih bonus 30% setiap kali anda top up
    DAPATKAN BONUS

Artikel yang direkomendasikan

Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.
Widget callback