GBPCHF is currently in a downtrend, confirmed by a series of lower highs and lower lows.
The pair has recently formed a bearish engulfing candle below the minor resistance zone near 1.07400, signaling renewed bearish pressure.
Price rejection from the 50 EMA suggests sellers are still in control.
RSI is trending downward, staying below 50, indicating bearish momentum without being oversold.
The pair has recently formed a bearish engulfing candle below the minor resistance zone near 1.07400, signaling renewed bearish pressure.
Price rejection from the 50 EMA suggests sellers are still in control.
RSI is trending downward, staying below 50, indicating bearish momentum without being oversold.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.