Stay 
Trading Conditions
Products
Tools
After testing the target level of 1.1411, which marked the highs of March and April 2023, GBP/CHF has reversed downward, forming a divergence with the daily Marlin oscillator.
The price now appears to be heading towards the support level at 1.1317, aligning with the lows from May 9 and the highs from October 18, 2024. This support level is further reinforced by the MACD indicator line. If the price breaks below 1.1317, it may decline toward 1.1253. Continued bearish momentum could push the pair down to 1.1216, which is the low from June 18, 2024.
On the four-hour chart, the price is currently testing the MACD line (represented by the blue moving average), while the Marlin oscillator continues to decline within the bearish zone. The nearest target of 1.1317 is open.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.
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 Instant Trading EU Ltd 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?
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 InstaForex anyway.
We are sorry for any inconvenience caused by this message.
