empty
 
 
23.03.2016 07:55 AM
Technical analysis of GBP/CHF for March 23, 2016

This image is no longer relevant

Technical outlook and chart setups:

The GBP/CHF pair dropped lower below 1.3880 levels yesterday, taking stops out on long positions. The pair is still holding above the 1.3700/25 interim support, but we will need more evidence here to confirm that the bullish setup remains intact and trades can be committed on the long side again. The drop from 1.4250/75 levels still looks to be corrective in nature and the pair might be producing an up gartley here. The gartley normally terminates at the fibonacci 0.786 support and then resumes the rally sharply. It is recommended to stay flat for now but an aggressive trade setup would still warrant long positions against 1.3700 levels. Immediate support is seen at 1.3725 levels, while resistance is seen at 1.3950 levels respectively.

Trading recommendations:

Aggressive traders might want to remain long with stop at 1.3700 levels. A conservative setup would be to wait for further confirmation.

Good luck!

InstaForex Analyst,
Especialista em análise na InstaForex
© 2007-2025
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 $6000 mais!
    Em Dezembro nós sorteamos $6000 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