For Traders

Analytical Reviews

Technical analysis

15.03.201603:36 Forex Analysis & Reviews: Technical analysis of GBP/CHF for March 15, 2016

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 continues to consolidate ahead of 1.4200. The pair is trading at 1.4085 looking for an opportunity to rally yet again until prices stay broadly above 1.4000. The structure still remains constructive enabling bulls to perform a rally above 1.4300 before topping out and producing a meaningful correction lower. It is hence recommended to remain long with risk at 1.4000. Immediate support is seen at 1.4025, while resistance is seen at 1.4300. Bulls are expected to remain in control poised to take out 1.4300.

Trading recommendations:

Remain long for now, stop is at 1.4000, a target is open.

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.