
No results matched your search
GBP/CHF continues to fall inside the hourly Falling Wedge chart pattern which was previously identified by Autochartist. Autochartist rates the quality of this Falling Wedge at the 6-bar level – which is the result of the slow Initial Trend (4 bars), significant Uniformity (7 bars) and high Clarity (8 bars). GBP/CHF is expected to fall further inside this chart pattern – in line with the earlier breakout of the support area shown below.
As can be seen from the daily GBP/CHF chart below, the price today broke through the support area lying between the key support level 1.3050 (which stopped the price in May and June) and the support trendline from March. This price area is acting as resistance zone after it was broken. The proximity of this resistance zone increases the probability GBP/CHF will continue to fall inside this Falling Wedge.
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.