after breaking 3 month ceiling, now it attempts to reach 6 month ceiling.
GBPCHF is at the lowest price of year falling to weekly support is more possible
the weekly trend is downward both stoc hrsi and rsi are in overbought zone
major trend is bullish. the pair can break the daily resistance
weekly cloud is bearish but the price has hitted weekly support (blue line). it is expected to start some bullish waves.(trend still is downward)
the weekly cloud is still bullish . wait until hit H12 support line then go long.
trend is strongly downward. stochastic RSI is in oversold zone. pair continues its bearish after few jumps.
daily and weekly cloud is bearish. trend is still bearish pair is approaching daily support. it can bounce from support
both daily and weekly cloud are bearish pair has broken weekly support(blue line) despite this the pair has created double pattern and is just upon the support (black line) stochastic rsi (14,14,2,3) is in oversold. in the aspect of short term overview change of trend to upward is possible.
bullish trend still is strong pair is approaching major resistance(black line, 400 bar high) sharp falling expected after hitting resistance
the pair has strong bearish trend. both stochastic RSI are at oversold zone. it is expected to continues downward after some bullish waves.