empty
30.10.2024 07:53 AM
Technical Analysis of Intraday Price Movement of GBP/CHF Cross Currency Pairs, Wednesday October 30, 2024.

This image is no longer relevant

GBP/CHF on its 4-hour chart appears to be moving in a Sideways condition in the range of 1.1118 - 1.1366 levels and the volatility is getting smaller going forward, which can be seen from the formation of the Triangle pattern and the position of the EMA (210 which moves in the middle of the candle body, even so, with the formation of the Double Top pattern on the RSI indicator (5) with the price movement of GBP/CHF which is actually decreasing, it shows confirmation that in the near future GBP/CHF has the potential to weaken, where the level of 1.1207 will be tested and if this level is successfully broken and closes below it, then GBP/CHF has the potential to continue its weakening to the level of 1.1183 as its main target and if the momentum and volatility support today, then 1.1118 becomes the next target to be aimed for, but if on its way to these targets there is suddenly a significant strengthening, especially if it breaks and closes above the level of 1.1316, then the weakening scenario that has been described previously will be invalid and canceled itself.

(Disclaimer)

Summary
Urgency
Analytic
Arief Makmur
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Trading Signals for BITCOIN for November 13-15, 2025: buy above $101,300 (21 SMA - 3/8 Murray)

In case of a pullback, we can expect the instrument to attempt to test the bottom of the ascending trend channel around 101,375. This area could be seen

Dimitrios Zappas 16:46 2025-11-13 UTC+2

Trading Signals for EUR/USD November 13-15, 2025: buy above 1.1600 (21 SMA - 7/8 Murray)

If a consolidation occurs above the 7/8 Murray level, the outlook could be positive for the euro, and any pullback will be seen as an opportunity to open long positions

Dimitrios Zappas 16:30 2025-11-13 UTC+2

Forex forecast 13/11/2025: EUR/USD, USD/JPY, GBP/USD, USDX, Gold and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 13:21 2025-11-13 UTC+2

EUR/USD Forecast on November 13, 2025

On Wednesday, the EUR/USD pair made its third return to the 61.8% retracement level at 1.1594. This third consecutive rebound from the level once again favored the U.S. dollar, leading

Samir Klishi 11:34 2025-11-13 UTC+2

GBP/USD Forecast on November 13, 2025

On the hourly chart, the GBP/USD pair on Wednesday returned to the 161.8% retracement level at 1.3110 and bounced off it. On Thursday morning, despite economic data from

Samir Klishi 11:22 2025-11-13 UTC+2

GBP/USD. Technical Analysis on November 13, 2025

On Wednesday, the pair moved downward, reached the 176.4% level at 1.3077 (red dotted line), and then went up, closing the daily candle at 1.3129. Today, it may continue

Stefan Doll 10:11 2025-11-13 UTC+2

The bias for Platinum remains strengthen today. Thursday, November 13, 2025.

[Platinum] With all technical indicators showing strength in Platinum, so today #PLF has the potential to strengthen upwards. Key Levels 1. Resistance. 2 : 1675.7 2. Resistance. 1 : 1654.8

Arief Makmur 06:03 2025-11-13 UTC+2

Silver has the potential for a limited correction today. Thursday, November 13, 2025.

[Silver] With the appearance of a Bearish Divergence on the RSI indicator suggests that there is potential for a limited correction in the near term; however, the overall bias

Arief Makmur 06:03 2025-11-13 UTC+2

NZD/USD. Analysis and Forecast

Today, Wednesday, the NZD/USD pair attracted some buying interest. Prices are trading around 0.5650. Yesterday, the pair broke above the 100-hour SMA, indicating that the bulls attempted to stage

Irina Yanina 18:16 2025-11-12 UTC+2

EUR/USD Forecast on November 12, 2025

On Tuesday, the EUR/USD pair made another upward move toward the 61.8% corrective level at 1.1594, then rebounded from that level. Thus, the downward movement may continue today toward

Samir Klishi 11:08 2025-11-12 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

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 InstaForex anyway.

We are sorry for any inconvenience caused by this message.