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GBPCHF

GBPCHF Is Very Bullish! Long! Here is our detailed technical review for GBPCHF. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.122. Considering the today's price action, probabilities will be high to see a movement to 1.126. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
5
Is GBPCHF – running out of steam ?? – the week of 06 April 2023As my H8 chart shows, this pair has been struggling to keep making higher highs. In fact, we are now seeing marginally lower highs. The recent high at 1.9797 is worth keeping an eye on. If the next high is lower than that and the recent low at 1.9610 gets taken out, this pair will be bearish. If however, we get a higher high, this will negate my analysis. There is a big advantage in getting into a trend early, and we could get it here. If this works out as I expect, this trade will have an open target. My stop just above the recent high will be gradually moved lower, taking care to give enough room for spikes and for other movements that price always makes. Nothing is 100% in trading, so as always, use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content. What do you think about this trade idea? Please comment and share your thoughts!!
Short
by Trading_Vista
2
GBP/CHF What Next? BUY! My dear followers , I analysed this chart on GBP/CHF, and concluded the following: The instrument tests an important psychological level 1.12422 Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Goal - 1.13013 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
3
BoE survey: lower inflation, but GBP/CHF downside risk.The most recent survey from the Bank of England's Monthly Decision Maker Panel (DMP) was published on Thursday. The survey showed that DMP members anticipate that the Consumer Price Index (CPI) inflation will be 5.8% one year from now, which is a slight decrease from the 5.9% forecasted in February. The DMP is a group of decision-makers from various businesses that provides insights into economic conditions and helps inform the Bank of England's policy decisions. The survey results reflect the expectations of these influential individuals, who anticipate a small reduction in inflation over the next twelve months. The Bank of England closely monitors inflation as it is a key indicator of economic stability. Inflation can impact the value of money, interest rates, and consumer spending. The central bank's monetary policy decisions are heavily influenced by inflation expectations. In summary, the latest Bank of England DMP survey indicates a slight reduction in CPI inflation expectations for the upcoming year. This information will be considered by the Bank of England as it makes monetary policy decisions in the coming months. However, in the GBP/CHF currency pair, there is evidence of a Double Top pattern forming, and if the Neckline of the pattern is breached, the price may decrease. This development suggests that caution is still warranted, despite the positive inflation news for the GBP.
by FOREXN1
5
GBPCHF ANALYSISLet's see how this goes for GBPCHF... Disclaimer: The information provided in this analysis is for educational and informational purposes only. It is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice. The analysis is based on the author's personal opinion and should not be interpreted as a guarantee of any specific outcome or profit. The author is not a financial advisor, broker, or dealer, and shall not be held responsible for any losses incurred as a result of using this analysis. Trading and investing involve a high degree of risk, and individuals should carefully consider their investment objectives and risk tolerance before making any investment decisions. The author does not guarantee the accuracy, completeness, or timeliness of the analysis. Any examples presented are for illustration purposes only and do not represent actual investments or trades. The Coffee Trader
Short
by thecoffeetraderofficial
2
GBPCHF 5/4/2023GBPCHF is currently within a falling wedge pattern, with the price near the resistance of this pattern. It's likely that the price will pullback, then bearish to the support level of the pattern. Traders should set a stop loss if the closing price is above 1.1408. If this stop loss is triggered, long positions can be taken with bullish targets up to 1.1055. It's important to note that this analysis is for informational purposes only and not trading advice. Trading always involves risk, and there is no guarantee of success. Traders should carefully consider their risk tolerance and trading goals before making any decisions in the forex market.
Short
by DNP-FX
5
GBP/CHF: Buying it! Hey guys, I haven't posted anything here for a while and I must say I missed it! I hope that you are well and that you are going through this particular situation in the best possible conditions. Here is an interesting trade on the GBP/CHF pair. We can see that the pair is very bullish whether it's in Daily, H4, H1 or M15 from an Ichimoku point of view (prices are above the cloud, the lagging span has no obstacle, etc.). Today it broke an important resistance that I have been following for a a few days now. If we use the "modified Schiff Pitchfork" tool we can see that the pair still has a few pips to go before it reaches a first dynamic resistance. The idea is simple: we wait for a bounce towards the broken resistance to enter at lower levels. My target will be the blue line at the top of the pitchfork around 1.14570. I will mention if I take a position and at what level. If the pair continues its upward path the trade is cancelled. Good luck to you Jesse
Long
by SwissPips
1
GBPCHF, H4 | Nearing resistance?GBPCHF is approaching a key resistance and could potentially retreat from this level. We could see the momentum carry price down to our take profit target. Entry: 1.13686 Why we like it: There is an overlap resistance that aligns with the 78.6%% Fibonacci retracement Stop Loss: 1.14131 Why we like it: There is a swing-high resistance Take Profit: 1.12497 Why we like it: There is an overlap support that aligns with the confluence of the 38.2% and 23.6% Fibonacci retracement Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets