Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

GBP/CHF is testing the downside

GBP/CHF is testing the downside

Information is not investment advice

Last week GBP/CHF topped at 1.2475 as it met the previous support and now resistance line connecting the 2016 and 2018 lows. The pair formed a bearish “shooting star” pattern on the W1. This week the pair has slipped below the declining 100-day MA at 1.2320. The decline below 1.2165 (the 38.2% Fibonacci retracement of the August-September advance) will open the way down to 1.2100 (200-period MA on H4) and 1.2075 (the 50% Fibo and 50-day MA). The outlook will remain negative as long as GBP/CHF is staying below 1.2280 (Thursday’s high). 

GBPCHF.png

Similar

AUD/USD looks weak

AUD/USD broke through the most important daily moving averages, slipped below the support at 0.6830.

Popular

AUD/USD looks weak

AUD/USD broke through the most important daily moving averages, slipped below the support at 0.6830.

Choose your payment system

Learn more