Forex analysis: GBPCHF

We look at the Weekly-Chart of the GBPCHF. You see a trendline (dark green) and also a resistance level (light green). The course has fallen significantly in the last 2 years, which is the cause why I look for short trades. Any value, whether it is a currency or a stock, always moves within corrections and movements. Since mid-2016, there has been a significant correction in this currency pair. The course is now the last few weeks finally arrived at the trendline. When you click on the image, you will see a nice response down. This is precisely in this area, where our resistance level and the trend line intersect. A psychological resistance for all market participants. I look at such areas in my Forex analysis.