For Traders

Analytical Reviews

Technical analysis

26.11.201509:54 Forex Analysis & Reviews: Technical analysis of GBP/CHF for November 26, 2015

Long-term review

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Technical outlook and chart setups:

The GBP/CHF pair is seen to be trading around 1.5460/70 level for now and facing minor resistance here. It is quite possible that the pair may retrace lower from current levels before resuming a rally. It is hence recommended to take profits on the long positions from yesterday and remain flat. Immediate support is seen through 1.5300 levels, followed by 1.5200 and lower while resistance is seen at 1.5570 and higher respectively. A drop below 1.5300 levels would confirm that the pair is due for a deeper correction lower. The hourly charts are showing tat the pair is due for a correction at least.

Trading recommendations:

Take profits on long positions. Remain flat.

Good luck!

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.