Receive the latest alerts via email

Trade of the Day: GBP/CHF

By: Dima Chernovolov GBP/CHF continues to fall insider the clear hourly Down Channel which was recently identified by Autochartist. Autochartist rates the quality of daily this Down Channel at the 6-bar level – which is the result of the slow Initial Trend (3 bars), above-average Uniformity (6 bars) and significant Clarity (8 bars). GBP/CHF is…
Trade of the Day: GBP/CHF

By: Dima Chernovolov

GBP/CHF continues to fall insider the clear hourly Down Channel which was recently identified by Autochartist. Autochartist rates the quality of daily this Down Channel at the 6-bar level – which is the result of the slow Initial Trend (3 bars), above-average Uniformity (6 bars) and significant Clarity (8 bars). GBP/CHF is expected to fall further inside this Down Channel – in line with the earlier downward reversal from the strong resistance area shown below.

As can be seen from the daily GBP/CHF below, the price earlier reversed down from the resistance area lying between the key resistance level 1.3400 (which stopped the sharp uptrend in March) and the upper daily Bollinger Band. The proximity of this resistance area increases the probability GBP/CHF will continue to fall inside this hourly Down Channel.

Total
0
Shares
Previous Post
Tips for Trading Nonfarm Payrolls

Tips for Trading Nonfarm Payrolls

Next Post

After testing the resistance line numerous times, BCHBTC is once again approaching this line. Can we expect a bullish trend to follow?

ARTÍCULOS RELACIONADOS
Trade of the Day:  GBP/CAD

Trade of the Day: GBP/CAD

GBP/CAD recently broke the key 30-minute resistance level 1.6152, which was recently identified by Autochartist. Autochartist rates the significance of this resistance level at the 3-bar level – which is the result of the three previous reversals from this price level. GBP/CAD is expected to rise further toward the forecast price 1.6258. As can be…
Read More
Trade of the Day:  EUR/CAD

Trade of the Day: EUR/CAD

EUR/CAD continues to fall toward the key support level 1.4491, which was previously identified by Autochartist. Autochartist rates the Significance of this support level at the 5-bar level – which is the result of the five previous reversals from this price level. EUR/CAD is expected to continue to fall toward the support level 1.4491. As…
Read More