empty
 
 
29.04.2013 01:45 PM
GbpChf top formation seen between 1.4600-1.4700

This image is no longer relevant

Technical outlook and chart setups:

The single currency pair has rallied through the 0.618 resistance level around 1.4650. Prices have been stalling since then indicating that a last spike higher is possible. The measured level for a top and reversal is between 1.4600-1.4700 in the next few trading sessions. Hence it is recommended to remain short for now and also sell on a rally towards 1.4700; which is past support turned resistance and the sloping line of resistance also converges here. Higher up resistance is at 1.5, followed by 1.51 and higher up; while support is at 1.4075, followed by 1.4030 and lower. Minimum downside expectations are 1.4200.

Trading recommendations:

Remain short, add further around 1.47 level, stop is at 1.4800, and target is open.

Good luck!

InstaForex Analyst,
Especialista em análise na InstaForex
© 2007-2026
Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO
  • Chancy Deposit
    Deposite US $ 3.000 em sua conta e receba $10000 mais!
    Em Janeiro nós sorteamos $10000 na campanha Chancy Deposit!
    Tenha a chance de ganhar, depositando $3,000 em sua conta de negociação. Após cumprir essa condição, você se torna um participante da campanha.
    PARTICIPE DO CONCURSO
  • Trade Wise, Win Device
    Abasteça a sua conta com pelo menos $500, inscreva-se no concurso e tenha a chance de ganhar dispositivos móveis.
    PARTICIPE DO CONCURSO
  • Bônus de 30%
    Receba um bônus de 30% toda vez que você fizer um depósito em sua conta
    RECEBA O BÔNUS

Recommended Stories

Não pode falar agora?
Faça sua pergunta no chat.
Widget callback