Tag: GBPCHF

• GBPCHF broke key support level 1.1300 • Likely to fall to support level 1.1100 GBPCHF currency pair recently broke through the key support level 1.1300 (which stopped the earlier minor impulse waves (iii) and (i)). The breakout of the support level 1.1300 accelerated the active impulse waves (iii), 5 and (3). Given the clear […]

• GBPCHF reversed from support level 1.1290 • Likely to rise to resistance level 1.1420 GBPCHF currency pair recently reversed up from the support level 1.1290 (which stopped the previous minor impulse wave (i) earlier this month) standing near the lower daily Bollinger Band. The upward reversal from the support level 1.1290 stopped the earlier […]

• GBPCHF under bearish pressure • Likely to fall to support level 1.1400 GBPCHF currency pair under the bearish pressure after the price broke the key support level 1.1525 (which has been reversing the price from the start of July). The breakout of the support level 1.1525 accelerated the active short-term downward impulse wave (iii) […]

• GBPCHF broke daily down channel • Likely to rise to resistance level 1.1770 GBPCHF continues to rise after the earlier breakout of the resistance trendline of the daily down channel from the start of July – which accelerated the active correction (iv). The breakout of the down channel follows the earlier upward reversal from […]

• GBPCHF under bearish pressure• Likely to fall to support level 1.1955 GBPCHF currency pair under the bearish pressure after the price broke below the key multi-month support level 1.2100 (lower boundary of the sideways price range from the start of March). The breakout of the support level 1.2100 continues the active impulse waves (iii), […]

• GBPCHF reversed from key support level 1.2100• Likely to rise to resistance level 1.2200 GBPCHF today reversed up with the daily Long-Legged Doji from the key support level 1.2100 (which has been steadily reversing the pair from the start of March). The support zone near the support level 1.2100 was strengthened by the lower […]

• GBPCHF reversed from support level 1.2120• Likely to rise to resistance level 1.2225 GBPCHF currency pair earlier reversed up sharply from the pivotal support level 1.2120 (which stopped the previous minor impulse wave 1 at the start of March). The upward reversal from the support level 1.2120 stopped the previous impulse waves (iii), 3 […]

• GBPCHF reversed from resistance level 1.2400• Likely to fall to support level 1.2140 GBPCHF recently reversed down from the resistance level 1.2400 (top of the previous wave (a)), upper daily Bollinger Band and the 61.8% Fibonacci correction of the downward impulse from February. The downward reversal from the resistance level 1.2400 stopped the previous […]

• GBPCHF reversed from support area• Likely to rise to resistance level 1.2280 GBPCHF currency pair recently reversed up from the support area located between the multi-month support level 1.2135 (previous monthly low from October) and the lower daily Bollinger Band. The upward reversal from this support area stopped the previous impulse waves 5 and […]