InstaForex InstaForex

Forex Analysis: 25 Apr 2012, 10:37 UTC+00

GBP/CHF Setting Up a Pullback at least to 1.4550 - Technical Analysis and Trading Recommendations

GBP/CHF Setting Up a Pullback at least to 1.4550 - Technical Analysis and Trading Recommendations

General overview for 20/02/2015 10:30 CET

The current wave progression starts to looks like a triangle formation with a very strong support based between the levels of 1.2349 - 1.2359. The price action is very choppy and overlapping, just as it should be in a triangle pattern. This might lead to a conclusion that as long as the level of 1.2349 is not violated, the recent swing high at the level of 1.2797 might be the top for a larger wave 3 instead of wave 5. Nevertheless, the market is still consolidating in a rather thight range, and traders might wait for more clear pattern to emerge.

Support/Resistance:

1.2349 - Technical Support|Key Level|

1.2465 - Intrday Support

1.2553 - Intraday Resistance

1.2420 - Golden trend Line Dynamic Support

Trading recommendations:

Daytraders should refrain from trading as long as one of the important levels is violated: either 1.2349 or 1.2696.

usdcad_h1.jpg

Show full picture

japee
Performed by
analytical expert: Harsh Japee
InstaForex Group © 2007-2017
 Published: 25 Apr 2012, 10:37 UTC+00

 
Recommend: Forex Analytics
 
USD/CHF profit target reached perfectly, prepare to buy on major support
17 Aug 2017, 05:57 UTC+00   
Views today 2213
AUD/JPY testing major resistance, remain bearish
17 Aug 2017, 05:54 UTC+00   
Views today 2169
USD/JPY dropping perfectly towards profit target, remain bearish while...
17 Aug 2017, 05:58 UTC+00   
Views today 2167
AUD/USD approaching major resistance, prepare to sell
17 Aug 2017, 05:53 UTC+00   
Views today 2141
EUR/JPY forming a nice reversal pattern, remain bearish
17 Aug 2017, 05:55 UTC+00   
Views today 2092



Start trading with
no risks and investments
With new Start-Up Bonus of $1000
Get bonus
55%
from InstaForex
on every deposit