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GBP/CHF intraday: above its upper Bollinger band

2024-01-17
670

1.0878 is our pivot point.

Our preference: the upside prevails as long as 1.0878 is support.

Alternative scenario: below 1.0878, expect 1.0855 and 1.0841.

Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.0885 and 1.0882). Finally, the GBP/CHF is trading above its upper Bollinger band (standing at 1.0899).

Supports and resistances:

1.0969 **

1.0955 *

1.0941 **

1.0927

1.0899 last

1.0887

1.0878 **

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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