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GBPCHF Technical Analysis
GBPCHF: BUY
BID PRICE 1.4687
EXPONENTIAL MA 20 1.4673 BUY
EXPONENTIAL MA 50 1.4662 BUY
EXPONENTIAL MA 100 1.4643 BUY
PARABOLIC SAR BUY 1.4624 0.02/0.2
RSI 14 60.06 BUY
MACD 12,26,9 0.00135 BUY
Support: 1.4611
Pivot: 1.4653
Resistance: 1.4696
Trend: Bullish.
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Technical points
Key point 1.4677
Entry point 1.4657
Elliott 1.4545
Closing 1.4665
Projection 1.4742
trendline 1.4627
trendline 1.4648
Supports / resistances
Res 2 1.4744
Ex-High 1.4699
Res 1 1.4705
pivot 1.4659
1 soup 1.4620
Ex-Low 1.4614
Sup 2 1.4575
Slightly Bullish
Is likely to rise to the range of 1.4682 - 1.4705
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Time Frame 4 H
indicator = DE MARK TREND LINE TRADER (COMBINED fractals, TREND LINE, PIVOT POINT, LINE TRIGGER)
reason = appearance of a doji candle after hitting the green trend line make de mark bullish acceleration mode can not be continued, but this time a pair of neutral or sideways
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Time Frame 4 H
indicator = DE MARK TREND LINE TRADER (COMBINED fractals, TREND LINE, PIVOT POINT, LINE TRIGGER)
reason = bullish engulfing candle managed to break above the trend line de mark green as bullish and acceleration mode but still not too strong because the candle is still likely to re-enter the bearish consolidation zone narrows between the two trend lines de red and green mark
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GBPCHF still trying to get down to test support at BBANDS blue area in the price range of 1.4573. break down this area will bring GBPCHF down even further to the next support level at 1.4535. While the resistance area at 1.4614-1.4622 price range
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Indicator always helps to make money from Forex marketplace but we should know which indicator will be better like in FreshForex broker I always use RSI indicator and that worked me very well.