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Technical Analysis
Navigation FX - Technical & Fundamental Analysis
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[QUOTE="Navigation FX, post: 117188, member: 39595"] [U]GBPCHF - Technical Analysis[/U] The technical drawing shows a strong resistance at the 50.0 fibo level at 1.2897 with a descending triangle. Adding to this RSI has dipped below 70, showing to us that buyers have overbought and are now slowly selling. This may show a good opportunity to go short on GBPCHF. A good support would be at the 38.2 fibo level at 1.2518. We may see a strong reaction once the 50 DMA and 100 DMA meet. For more on this analysis: [URL]http://www.navigationfx.com/gbpchf-technical-analysis/[/URL] Thanks for the read! Please comment/share :) #forex #fx #technicalanalysis #trader #GBP #CHF [IMG]http://www.navigationfx.com/wp-content/uploads/2016/12/GBPCHF-768x336.png[/IMG] [/QUOTE]
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