Forex Trading, Free Forex Tools, Forex Investment, Currency Trading, Forex Tips and Resources » Potential http://www.forextradingexpress.com Free Forex Online Resources, Currency Trading, Forex Trading, Forex Broker, Forex Trading Tutorial, Forex Rates, Currency Trading Tutorial, Forex Trading Training, Forex Converter, Forex Calculator, Forex Charts, Forex Market, Forex Rates, Forex Trader Sat, 27 Mar 2010 13:36:21 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 Potential Reversal for GBP/CHF http://www.forextradingexpress.com/forex-trading/potential-reversal-for-gbpchf/ http://www.forextradingexpress.com/forex-trading/potential-reversal-for-gbpchf/#comments Fri, 27 Nov 2009 14:33:36 +0000 admin http://www.forextradingexpress.com/?p=137 The GBP/CHF pair provides strong signals for a possible change of trends. The pair is reaching towards a support level at the moment. If the level is breached, the downward move is likely to extend.

• The chart below is the GBP/CHF 4-hour chart by ForexYard.
• The technical indicators used are the Bollinger Bands, the Slow Stochastic, the MACD/OsMA and the Relative Strength Index (RSI).
• The chart provides a very distinct bullish channel. However, the chart is touching its lowest border.
• A bearish cross on the Slow Stochastic has successfully predicted the modest bearish correction that we’re currently experiencing, which led the pair to the 1.6974 level.
• Currently, both the MACD and the RSI are on the verge of indicating a bearish reversal. If the MACD will indeed perform a bearish cross, and the RSI will drop below the 70 line (both marked in red), it will be a string sign for a significant drop.
• There are 3 consecutive support levels that can be observed at the moment. The support levels are placed at the 1.6950, 1.6800 and the 1.6650 prices. If a certain level will be breached, the pair is likely to reach towards the next support level.

source:  forexyard.com

]]> http://www.forextradingexpress.com/forex-trading/potential-reversal-for-gbpchf/feed/ 0