CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
empty
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Stay
Proceed
Open Account
InstaForex Loprais Team - Official participant of the Dakar rally
InstaForex Loprais Team - Official participant of the Dakar rally
For Traders
Analytical Reviews
Technical analysis

17.02.201608:59 Forex Analysis & Reviews: Technical analysis of GBP/CHF for February 17, 2016

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 17.02.2016 analysis

Technical outlook and chart setups:

The GBP/CHF pair is trading at 1.4075/80 at the moment. Please note that prices are testing the backside of intermediary resistance trend line, which could act as support now. Furthermore, prices are testing Fibonacci 0.618 support (1.4070) for a rally between 1.3920 through 1.4320. There is still a high probability that a bullish turn around can take place soon. A bullish signal here could resume the rally and push prices higher towards 1.4460 and 1.4560 subsequently. It is hence recommended to remain long with risk at 1.3900. Immediate support is seen at 1.3920/30, while resistance is seen at 1.4300 (interim). Bulls are expected to remain in control until prices stay above 1.3930.

Trading recommendations:

Remain long now with stop at 1.3900, a target is at 1.4450 and 1.4560.

Good luck!

InstaForex Analyst
Analytical expert of InstaForex
© 2007-2025
Open trading account

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.




All Analytics
Wave analysis
Analysis for EUR/USD on April 16, 2025 The wave structure on the 4-hour chart for the EUR/USD pair has shifted into a bullish formation. I think there's little doubt that this transformation was caused solely
Chin Zhao
18:56 2025-04-16 +02:00
1855
Wave analysis
Analysis for GBP/USD on April 16, 2025 The wave structure of the GBP/USD pair has also transformed into a bullish, impulsive formation — "thanks" to Donald Trump. The wave pattern is almost identical to that of EUR/USD
Chin Zhao
18:53 2025-04-16 +02:00
1405
Breaking Forecast Trading Plan Cryptocurrencies USD/RUB Russian Economy Video Analysis
Trading Instruments
EURUSD GBPUSD USDCHF USDCAD USDJPY AUDUSD EURGBP EURJPY NZDUSD EURNZD Silver Gold #CL #USDX COVID-19 Bitcoin

Official partners of InstaForex

The future is coming - InstaForex and Dragon Racing
The team of Formula - E
Be always the first with InstaForex Loprais Team
Official participant of the Dakar rally
Team up with us -
win with InstaForex and Zvolen!
IIHF Continental Cup winner in 2005

Trading Instruments

The best instruments for successful online Forex trading
MetaTrader Trading Platform
Charts on-line
Forex Analysis
Forex Demo Account
Trader calculator
Forex Indicators

Top analytics

Relevance up to 12:00 UTC--4
Analysis for EUR/USD on April 16, 2025
18:56 2025-04-16
Wave analysis
Relevance up to 08:00 UTC--4
Analysis for GBP/USD on April 16, 2025
18:53 2025-04-16
Wave analysis
Relevance up to 07:00 UTC--4
No Progress in Negotiations
18:48 2025-04-16
Fundamental analysis
Relevance up to 07:00 UTC--4
GBP/USD: Trading Plan for the U.S. Session on April 16th (Review of the Morning Trades)
18:31 2025-04-16
Trading plan
Relevance up to 07:00 UTC--4
GBP/USD: Simple Trading Tips for Beginner Traders – April 16th (U.S. Session)
18:43 2025-04-16
Forecast
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Proceed
Can't speak right now?
Ask your question in the chat.
Widget callback
Callback widget

Turn "Do Not Track" off

 

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 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?

  • - 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 InstaForex anyway.

We are sorry for any inconvenience caused by this message.