What is going on now with GBP/CHF?

Comments · 101 Views

What is going on now with GBP/CHF?

What is going on now with GBP/CHF?

AUDUSD currency pair is under bearish pressure after the price reversed down once again from the key resistance level of 0.75350 (which has been reversing the price since the middle of last October), standing close to the upper daily Bollinger Band. The downward reversal from the resistance level of 0.75350 stopped the previous impulse waves (2) and C. Given the strength of the resistance level 0.75350 – AUDUSD currency pair can be expected to fall further toward the next support level 0.7450 (top of wave (iii) from the start of March).To get more news about beurax review, you can visit wikifx.com official website.

GBP/CHF: The British Pound held on above 1.27255 as indicated in yesterdays update and took out 1.27800 price target; however the Pound failed to continue to 1.28210 and fell to 1.26980 support during the overnight session. The pair managed to bounce at 1.26980 support in today’s session and has retained its position above 1.27255 support.

GBP/CHF: The British Pound has now created a broader price range in the 60 minutes price chart from 1.27800 resistance to 1.26980 support. The pair could continue to re-test 1.27595 and 1.27800 if it remains above 1.27255 support. The pair could also pull back to 1.27255 and 1.26980 support if it fails at 1.27255.

The trade signals are posted on to our Telegram channel on a regular basis as per the link below.

Chart 1: The short-term view of the GBP/CHF price action in the 60 minutes price chart highlights the direction of the trend and the support and resistance price points
XAU/USD: Gold prices bounced in yesterdays session at 1211.00 support in the 60 minutes price chart. The pair pierced through it 500 EMA at 1218.95 and reached 1226.00 before pulling back to its 500 EMA. Gold prices extended its run to the upside during the overnight session and reached 1229.00 before retreating to 1223.60 support in today’s session.

Our forecast

XAU/USD: Gold prices still hanging on to its position above 1223.60 support and needs to maintain at this course to re-test 1226.00 and 1229.00 resistance. Gold prices could retreat to 1221.65 and 1218.95 if it fails to remain above 1223.60 support.
Chart 1: The short-term view of the XAU/USD price action in the 60 minutes price chart highlights the direction of the trend and the support and resistance price points

GBP/JPY: The British Pound failed at its 500 EMA at 145.850 in yesterdays trades and fell to 145.350 support. The pair continued its down run in the 60 minutes price chart during the overnight session and managed to find support at 144.475.

Our forecast

GBP/JPY: The Pound bounced at 144.730 support and drove prices up to 145.000 in today’s session. The pair has been floating around 145.000 resistance in the 60 minutes price chart for the past 12 hours and needed to break this barrier to continue to 145.350. The Pound could fall to 144.730 and 144.475 if it fails to continue at 145.000

Comments