• GBPCHF reversed from long-term resistance level 1.2200
• Likely to fall to 1.2000
GBPCHF recently reversed down from the long-term resistance level 1.2200 (which has been reversing the price from the end of November) – standing near the lower daily Bollinger Band.
The downward reversal from this resistance level will most likely form the daily Morning Star candlesticks reversal pattern – if the price closes today near the current levels – which is a strong sell signal for this currency pair.
GBPCHF is expected to fall further in the active impulse waves 3 and (3) toward the next round support level 1.2000.
- GBPUSD reversed from strong support level 1.2665 - Likely to rise to resistance level…
- USDCAD broke resistance level 1.3950 - Likely to rise to resistance level 1.4050 USDCAD…
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
This website uses cookies