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GBPCHF daily Analysis.


pepy

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Shooting star spotted on 1 hour chart of GBPCHF gives a bigger indication that this pair may even fall further. Other indicators mostly gave the same bearish signal like Stochastich which fall down to level 45 while RSI also fall down to level 39. Parabolic SAR only which show bullish signal. My prediction is bearish and i will vote for SELL for this pair.

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GBPCHF formed hanging man on 30 minutes chart and also the formation happened after the price cannot break EMA100. Parabolic SAR is above the price indicated bearish trend. RSI(14) fall to around level 55 and Stochastic (5,3,3) fall to around level 76. Based on the conclusion of this pair is bearish and the target is at 1.28622.

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After failed to take the bullish momentum GBPCHF seems under buyer sentiment right now. It could be seen by Parabolic SAR which moving below of the price, RSI and Stochastic which both rose to level 52 and 78 respectively and MACD(12,26,9) which formed higher low on bearish zone. Based on that the price may rise further with target at 1.28802

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2 strong indicators which help pressuring the market's price, first is big black candle and the second one is morning star. By this formation the trend will be bearish. RSI and Stochastic considered to fall also at least to around level 40 and 50 respectively. MACD in the redzone while Parabolic SAR dot is below of the current candles, I think this pair may fall down and the target is at 1.27840

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H1 chart. GBPCHF successfully rejected the middle band and fall below the middle band. EMA100 also is moving above the current price. Parabolic SAR is showing itself to be bullish with moving below the current price. RSI(14) fell down to around level 47 and Stochastic(5,3,3) fell down to around level 33. MACD(12,26,9) formed higher low on the red zone. It is obvious this pair will be under bearish trend.

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Hanging man on the highest spot and also wedge pattern already a clear indication for GBPCHF on 4 hour time frame. MACD still on red zone means bearish, Stochastic and RSI both fell down to lower level indicated for bearish trend. PSAR observed to move above the price. Based on that all the bias is bearish and may target the fall towards 1.25999

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Wedge pattern spotted on GBPCHF 30 minutes chart, in long term it will be bearish but it seems correction will happened since i spotted hammer. Parabolic SAR is below the price, while MACD formed higher low on red zone means weak bearish. RSI(14) in this chart rose to level 54 while Stochastic (5,3,3) fell down towards 32. It may fall up to around 1.2660 before got correction.

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GBPCHF is under bearish sentiment just look at EMA100 which still moving above the current price accompanied with Parabolic SAR which means that PSAR is bearish. RSI(14) seen to fall at level 39 while Stochastic(5,3,3) seen fall to around level 45. MACD on red zone with lower lows indicated a bearish sentiment. The price target fall is at 1.2620 considering its importance to the lower level.

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GBPCHF on 1 hour time frame saw the price formed hammer and the price also break the lower band. Parabolic SAR in this chart is moving below the price which means bullish, RSI and Stochastic also move to higher level indicated bullish trend, but MACD and EMA100 seems bearish for now. The bias is bullish and price so far may rise to 1.2620 at most

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GBPCHF on 1 hour chart indicates that the price above EMA50 and EMA100 with the price since the opening is above pivot level which means it may be bullish. In this chart also RSI observed to ascend the higher level at around level 56, while Stochastic(5,3,3) also do the same with rise to level 49. MACD formed lower high on green zone which means bullish, and Parabolic SAR which is moving below the price and it means bullish. Based on the analysis above this pair is predicted strong bullish with resistance at 1.2679

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GBPCHF on 1 hour time frame chart seems flat, even though there is movement but it is not clear if the price may rise or fall. Indicators have mixed result. RSI observed to rise to level 51, EMA100 seems in sideways mode, MACD(12,26,9) formed lower low on green zone, but PSAR is moving above the current price. At the moment i think up to next session there will be sideways for this pair.

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GBPCHF stilll trying to recover on 1 hour time frame chart but the price still cannot break EMA100 and closed above. If the trial is failed inevitable bearish will happen. RSI in this chart rise to level 32 while Stochastic fell to level 50. MACD on red zone with higher low and Parabolic SAR moves above the price. Based on that analysis then this pair will fall down and target is at 1.2574 if failed to break resistance or EMA100.

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Different than GBPJPY, GBPCHF observed to have new low yesterday, with this then this pair has potential to make a bearish sentiment. MACD also observed to support this by fall into red zone and now formed higher low, RSI also fall to around level 30 and Stochastic to level 54. Only PSAR which is bearish with moving above the current price. Based on that then this pair has potential to be bearish with the support at 1.2350

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GBPCHF's price on 30 M chart fall deeper and still pressed by seller also the closed below even EMA100 and middle band. With the price below this pair may fall down more as RSI and Stoch are bearish with fall to level 32 and 79 respectively. Based on the analysis above then this pair is predicted to be bearish with support at 1.1752

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GBPCHF make a good movement on 30 minutes chart, The opening price is below pivot and the price is moving below EMA100 and Parabolic SAR, this effectively put more bearish pressure especially since RSI and Stoch both fall down to level 51 and 36. Based on overall analysis for this pair, it seems that in the next session GBPCHF will be bearish with the support at 1.2032

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GBPCHF on 30 minutes chart seems to be bearish with the price is keep moving below pivot line, EMA100 and Parabolic SAR. RSI(14) in this chart fall down to level 44 and Stochastic(5,3,3) fall down to level 58 and MACD formed lower low on the red zone. The price indication is bearish and expected to be like that, and the support is at 1.1948

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Candlestick formed a bullish engulfing pattern on GBPCHF's 1 hour time frame chart where the price successfully break the middle band channel and the highest price able to break the murray math line. Before doji formed which means the bullish validity is stronger. MACD(12,26,9) formed higher high where RSI and Stochastic rise to level 70 and 74 respectively. Overall the trend is bullish with the price resistance at 1.2177

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GBPCHF failed to continue its strengthening moment and weakening with the price able to break the middle channel and closed below. Not just that with hanging man formed before it is clearly a reversal indicator. MACD(12,26,9) formed a lower lows and accompanied by Parabolic SAR which is moving above the current price indicated for bearish sentiment. Based on the analysis, this pair predicted to be bearish with support at 1.2110

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GBPCH on 1 hour chart observed to be bullish especially after the breakout of EMA100 and middle channle where the price is closed above indicating for stronger pair movement. RSI and Stochastic are both rising to level 52 and 40 respectively while MACD formed higher high on the red zone. Overall this pair is under bullish sentiment and will rise up to around 1.2190

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GBPCHF on 1 hour time frame chart is like to be above the EMA100 line and also pivot line which indicated bullish sentiment. In the other side, RSI(14) observed to rise around level 53 while Stochastic(5,3,3) observed to rise around level 61. MACD(12,26,9) formed lower high formation. Based on h1 chart analysis, this pair expected to be bullish with resistance at 1.2172

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4 hour chart how the GBPCHF price seems to be under bearish sentiment, all indicators here are agree with it. Stochastic fall to level 50 while MACD in the red zone with higher low. RSI(14) fall to level 40 indicated bearish movement, not to mention that there is a breakout on lower channel today and the price closed below. So the conclusion is bearish with the next target at 1.2014

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On 1 hour chart, GBCHF failed to break EMA100 and EMA50 even worse EMA100 reject the price and the price now closed below that line, this indicated a strong bearish sentiment. Not to mention RSI and Stochastic in this chart both fall down to lower level, where RSI fall to level 39 and Stochastic fall to level 38. Based on the analysis above it seems this pair expected to fall down up to around 1.2008

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In this chart it seems that the price of GBPCHF falling deeper supported by Parabolic SAR, EMA100, EMA50 and also MACD which formed lower low on the red zone, but RSI in this chart tend to bullish and rise to around level 47.  Also after hanging man formed it seems this pair getting more bearish than before. So the conclusion is this pair will fall down to around 1.2015

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Shooting star candle formed on GBPCHF's H1 chart and the price break the middle band and closed below. Stochastic in this chart also formed higher low on red zone, RSI and Stochastic both different where RSI fall towards level 27 and Stochastic rise to level 30. Overall this pair under bearish sentiment, the next target probably at 1.1960

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Shooting star candle formed on GBPCHF's H1 chart and the price break the middle band and closed below. Stochastic in this chart also formed higher low on red zone, RSI and Stochastic both different where RSI fall towards level 27 and Stochastic rise to level 30. Overall this pair under bearish sentiment, the next target probably at 1.1960

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