Saturday, August 24, 2019
Home > GBP/CHF

Technical Analysis – GBP/CHF bears keep pushing in the oversold area

GBP/CHF bears are keeping control of the pair for the sixth consecutive week, driving it down by more than 6.0% since the peak at 1.3398 and near an almost five-month low of 1.2539. Specifically, the price is far below its simple moving averages (SMA) at the moment, suggesting that the downward pattern may not be easy to reverse

Read More