empty
29.11.2023 11:21 PM
GBP/CHF: larger drop in play

This image is no longer relevant

GBP/CHF Uptrend Line Violated!

The currency pair crashed after failing to stay above the historical level (former high) of 1.1144. It has ignored the minor uptrend line which represented a first downside obstacle and now it has reached the uptrend line.

Technically, the uptrend line represents a downside obstacle. As long as it stays above it, the rate could jump higher again.

GBP/CHF Trading Conclusion!

Dropping and stabilizing below the uptrend line activates a deeper drop. This could help the sellers to catch a downside continuation.

Ralph Shedler,
Analytical expert of InstaTrade
© 2007-2025

Recommended Stories

USD/JPY: Simple Trading Tips for Beginner Traders on November 14. Analysis of Yesterday's Forex Trades

The price test at 154.66 coincided with the MACD indicator just beginning to move up from the zero mark, which allowed buying the dollar in line with the trend. However

Jakub Novak 07:55 2025-11-14 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on November 14. Analysis of Yesterday's Forex Trades

The test of the price at 1.3145 coincided with the MACD indicator just beginning to move down from the zero mark, confirming the right entry point for selling the pound

Jakub Novak 07:55 2025-11-14 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on November 14. Analysis of Yesterday's Forex Trades

The test of the price at 1.1633 coincided with the MACD indicator rising significantly above the zero mark, which limited the pair's upward potential. For this reason

Jakub Novak 07:55 2025-11-14 UTC+2

Intraday Strategies for Beginner Traders on November 14

The euro, pound, and other risky assets continued to rise against the U.S. dollar. Confusion among the U.S. Federal Reserve, with significantly differing statements from policymakers, has put pressure

Miroslaw Bawulski 07:37 2025-11-14 UTC+2

USD/JPY: Tips for Beginner Traders for November 13th (U.S. Session)

The price test at 154.81 occurred when the MACD indicator had just started moving downward from the zero mark, confirming a correct entry point for selling the dollar

Jakub Novak 11:47 2025-11-13 UTC+2

GBP/USD: Tips for Beginner Traders for November 13th (U.S. Session)

The price test at 1.3111 occurred when the MACD indicator had just begun to move downward from the zero mark, confirming a correct entry point for selling the pound. Together

Jakub Novak 11:43 2025-11-13 UTC+2

EUR/USD: Tips for Beginner Traders for November 13 th(U.S. Session)

The price test at 1.1593 occurred when the MACD indicator had just begun to move upward from the zero mark, confirming a correct entry point for buying the euro, which

Jakub Novak 11:40 2025-11-13 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on November 13. Analysis of Yesterday's Trades on Forex

The price test at 154.75 coincided with the MACD indicator moving significantly below the zero mark, which limited the pair's downside potential. For this reason, I did not sell

Jakub Novak 08:04 2025-11-13 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on November 13. Analysis of Yesterday's Trades on Forex

The price test at 1.3108 occurred when the MACD indicator was beginning its downward move from the zero mark, confirming the correct entry point for selling the pound

Jakub Novak 08:04 2025-11-13 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on November 13. Analysis of Yesterday's Trades on Forex

The price test at 1.1580 occurred as the MACD indicator began to move above the zero mark, confirming the correct entry point for buying euros. As a result, the pair

Jakub Novak 08:04 2025-11-13 UTC+2
Can't speak right now?
Ask your question in the chat.
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.

We are sorry for any inconvenience caused by this message.