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GBP/CHF has one way
Information is not investment advice
There are many ways to bet on the decline in the British pound. One of them is to sell GBP/CHF. The pair ran into the resistance of the descending 50-month MA (1.3350). In addition, it tested levels above 200-week MA at 1.3257 but then returned below it.
On D1, the pound is currently enjoying the support of the 50-day MA and 23.6% Fibo retracement of the 2019 advance just above 1.3160. If this support is lost, there will be scope for a deeper decline to the 1.3010 area (38.2% Fibo, 100-day MA). In addition, a “Head and Shoulders” pattern on H4 confirms that the market has topped.
4H Chart Daily Chart We sent out a signal yesterday to long EUR/USD between 1…
4H Chart Daily Chart EURUSD declined back yesterday after trying to test its 1…
Greetings, fellow forex traders! Exciting news for those with an eye on the Australian market - the upcoming interest rate decision could be good news for Aussies looking to refinance or take out new loans. The Mortgage and Finance Association Australia CEO, Anja Pannek, has...
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