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GBP-CHF

GBPCHF a short opportunity 🦐GBPCHF on the daily chart is currently testing a weekly support. The market after the break of the ascending channel tested twice the structure. According to Plancton's strategy if the price will break and close below we can set a nice short order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
9
GBP/CHF- Long from supportHello, Today on the 18th August, I have decided to take a long from support on the 12H timeframe. This is because the price since the start of April has been ranging between 1.25023 & 1.28589. We took a short from the previous resistance and closed our for 2.5R at support. We now have a a target of 2.4R at the 1.27928 area of resistance. It has taken on average 5-7D to complete the range. Expecting to hold over the weekend. Fundamentally? The sterling still managed to rally after the latest UK inflation data came in lower than expected, suggesting the pair could now bounce back after last weeks losses. PPI numbers were also higher than predicted, providing further evidence that the UK inflation will likely rise in the months ahead.
Long
by Goodland_UK
Sell GBPCHFHello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it. As we can see, the price has hit its TRENDLINE RESISTANCE and is falling down. Let us know your views on this in the comment section. Thank you all. There is good news for our followers. We will be analyzing on-demand. So let us know which pair you want our analysis on, and we will get it for you. Do like and follow us.
Short
by Ryan_lopes
2
GBPCHF facing bearish pressure | 28th July 2021GBPCHF is reversing from sell entry, in line with 127.2% Fibonacci retracement and 38.2% Fibonacci extension. Prices are expected to fall to take profit, in line with 50% Fibonacci retracement and 38.2% Fibonacci extension. Alternatively, prices may rally to stop loss, in line with 161.8% Fibonacci extension. Indicators are showing bearish reversal. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by FXCM
GBP/CHF:FIBO RETRACEMENT|STOCH OVERSOLD+DIVERGENCE|SHORT SETUP🔔After Previous Winner Idea , today we can see another confluences of Indicators+Fibonacci swing trading.... Welcome back Traders, Investors, and Community! Check the Links on BIO and If you LIKE this analysis, Please support our page by hitting the LIKE 👍 button Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. Have a Good Day Trading !
Short
by FOREXN1
11
GBP CHF BUY (POUND STERLING - SWISS FRANC)GBP - FUNDAMENTAL BIAS: BULLISH 1. Virus Situation The UK’s vaccination success has been a key driver of positive sentiment for GBP from the start of 2021 and has meant the county is on the verge of completely removing covid restrictions from the 19th of July. As long as the reopening moves forward as planned it should provide support for the GBP in the med-term. 2. The Monetary Policy outlook for the BOE Markets were expecting a hawkish tilt from the BOE at their June meeting with Gilt yields, SONIA futures and Sterling pushing higher into the meeting. The bank took a more balanced view by sticking to a transitory inflation outlook and also slightly tempering the more aggressive rate path expectations going into the meeting. As a result, GBP, Yields and SONIA futures unwound their pre-meeting upside, The short-lived downside has played out and that means focus for Sterling should be back on the med-term outlook, where the BoE is still expected as the next in line to tilt more hawkish, and participants will look towards the August meeting which includes the next MPR . This view was further reinforced this past week when two MPC members (Ramsden & Saunders) gave some pretty upbeat and hawkish comments suggesting that the possibility of tapering QE will be one of the points of debate during the upcoming meeting and that conditions for tighter policy is materializing faster than previously anticipated. This week we have the most dovish member of the BoE (Haskel) set to talk and all eyes will be on whether he provides a similar hint which would be a positive for Sterling. 3. The country’s economic developments Hopes of a faster economic recovery has seen both the BOE and IMF upgrade growth projections for the UK economy which has widened the growth differentials between other majors by quite a bit and should continue to be supportive for GBP as long as the data continues to show better-than-expected prints. Something to be mindful of is that a lot of these positives are arguably reflected in the price. Thus, if we start to see some disappointing data, as we have more recently, that could start to weigh on some of the aggressive normalization expectations. 4. Political Developments Remember Brexit? Yeah, me neither, but it came back into focus in the form of the recent punchy rhetoric between the UK and EU regarding the Northern Ireland Protocol which sparked some concerns about possible sanctions on the UK. Even though issues like chilled meats have made progress, the protocol and Brexit itself is about much more than sausages. The latest issue has been that of the divorce bill, which the UK says is between 35 and 39 billion while EU counterparts says it’s over 40 billion Pounds. For now these challenges won’t change the med-term outlook for Sterling unless it leads to actual trader sanctions or tariffs, which right now seems unlikely. CHF - FUNDAMENTAL BIAS: BEARISH 1. Developments surrounding the global risk outlook As a safe-haven currency, the market's risk outlook is the primary driver for the CHF. Swiss economic data rarely proves market moving; and although SNB intervention can have a substantial impact on CHF, its impact tends to be relatively short-lived. Additionally, the SNB are unlikely to adjust policy anytime soon, given their overall bearish tone and a preference for being behind the ECB in terms of policy decisions. The market's overall risk tone is improving with coronavirus vaccines being rolled out as well as the unprecedented amount of monetary policy accommodation and fiscal support from governments. Of course, risks remain as many countries are now battling third waves of the virus. As such, there is still a degree of uncertainty and risks to the overall risk outlook which could prove supportive for the CHF should negative factors for the global economy develop; however, on balance the overall risk outlook is continuing to improve and barring any major meltdowns in risk assets the bias for the CHF remains bearish. Despite the negative drivers, the CHF has remained surprisingly strong over the past couple of weeks. This divergence from the fundamental outlook doesn’t make much sense, but the CHF often has a mind of its own and can often move in opposite directions from what short-term sentiment or its fundamental outlook suggests, thus be careful when trading the CHF and always keep the possibility of SNB intervention in mind.
by thunderpips
3
GBPCHF a turn at the 0.618 🦐GBPCHF on the 4h chart has retraced at the 0.618 Fibonacci level near to a resistance zone. According to Plancton's strategy if the market will satisfy the conditions we will set a nice short order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
16
GBP CHF BUY (POUND STERLING - SWISS FRANC)GBP - FUNDAMENTAL BIAS: BULLISH 1. Virus Situation The UK’s vaccination success has been a key driver of positive sentiment for GBP from the start of 2021 and has meant the county is on the verge of completely removing covid restrictions. One short-term negative is recent concerns about the Delta variant which has seen a 4-week delay in the planned reopening originally scheduled for June 21. This doesn’t change the fundamental bullish outlook and should be soon forgotten if the UK moves ahead with it’s new reopening from the middle of July. 2. The Monetary Policy outlook for the BOE Markets were expecting a hawkish tilt from the BOE at their June meeting with Gilt yields, SONIA futures and Sterling pushing higher into the meeting. The bank took a more balanced view by sticking to a transitory inflation outlook and also slightly tempering the more aggressive rate path expectations going into the meeting. As a result, GBP, Yields and SONIA futures unwound their pre-meeting upside, The short-lived downside has played out and that means focus for Sterling should be back on the med-term outlook, where the BoE is still expected as the next in line to tilt more hawkish, and participants will look towards the August meeting which includes the next MPR. 3. The country’s economic developments Hopes of a faster economic reopening and recovery has seen both the BOE and IMF upgrade growth projections for the UK economy which has widened the growth differentials between other majors by quite a bit and is something that should continue to be a supportive factor for GBP as long as the data continues to show better-than-expected prints. Something that we should be mindful of here is that a lot of the positives that has driven Sterling higher in 2021 is arguably already reflected in the price. Thus, if we start to see some disappointing data, as we have more recently, that could start to weigh on some of the aggressive normalization expectations. 4. Political Developments Remember Brexit? Yeah, me neither, but it came back into focus in the form of the recent punchy rhetoric between the UK and EU regarding the Northern Ireland Protocol which sparked some concerns about possible sanctions on the UK. Even though issues like chilled meats have made progress, the protocol and Brexit itself is about much more than sausages. The latest issue has been that of the divorce bill, which the UK says is between 35 and 39 billion while EU counterparts says it’s over 40 billion Pounds. For now these challenges won’t change the med-term outlook for Sterling unless it leads to actual trader sanctions or tariffs, which right now seems unlikely. CHF - FUNDAMENTAL BIAS: BEARISH 1. Developments surrounding the global risk outlook. As a safe-haven currency, the market's risk outlook is the primary driver for the CHF. Swiss economic data rarely proves market moving; and although SNB intervention can have a substantial impact on CHF, its impact tends to be relatively short-lived. Additionally, the SNB are unlikely to adjust policy anytime soon, given their overall bearish tone and a preference for being behind the ECB in terms of policy decisions. The market's overall risk tone is improving with coronavirus vaccines being rolled out as well as the unprecedented amount of monetary policy accommodation and fiscal support from governments. Of course, risks remain as many countries are now battling third waves of the virus. As such, there is still a degree of uncertainty and risks to the overall risk outlook which could prove supportive for the CHF should negative factors for the global economy develop; however, on balance the overall risk outlook is continuing to improve and barring any major meltdowns in risk assets the bias for the CHF remains bearish. Despite the negative drivers, the CHF has remained surprisingly strong over the past couple of weeks. This divergence from the fundamental outlook doesn’t make much sense, but the CHF often has a mind of its own and can often move in opposite directions from what short-term sentiment or its fundamental outlook suggests, thus be careful when trading the CHF and always keep the possibility of SNB intervention in mind.
by thunderpips
3
GBPCHF testing a weekly support 🦐GBPCHF on the daily chart is breaking the range move between the resistance at 1.27900 and the support at 1.25750. The price is now testing a weekly support and according to Plancton's strategy if the market will break below we will set a nice short order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
12
GBPCHF a turn at the 0.618 🦐GBPCHF after the last impulse reached the resistance and got rejected. The market retraced at the 0.618 and now is looking for a reversal. According to Plancton's strategy if the price will break above we will set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
28
GBPCHF - FOREX - 28. JUNE. 2021Welcome to our weekly trade setup ( GBPCHF )! - 1 HOUR Market closed above main sr level. 4 HOUR Expecting further pressure to the upside. DAILY Overall bullish turning market structure. - FOREX SETUP BUY GBPCHF ENTRY LEVEL @ 1.27740 SL @ 1.27220 TP @ 1.28400 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Long
by DACapitalTrading
2