GBP CHF BUY (POUND STERLING – SWISS FRANC)Hi there. Still the same pattern, still the same view. Watch strong price action at the current price for buy. There are important brexit news for this week. Trade with care.
GBP-CHF
GBPCHF Approaching Support, Potential BounceGBPCHF is approaching its support at 1.2661 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.2706 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (21, 5, 3) is approaching its support at 5% where a corresponding bounce could occur.
NZDJPY Bounced Off Support, Potential RiseNZDJPY bounced nicely off its support at 77.34 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 77.94 (50% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is bounced off its support at 5.8% where a corresponding rise could occur.
GBPCHF Approaching Support, Potential BounceGBPCHF is approaching its support at 1.2658 (61.8% Fibonacci extension , 76.4% Fibonacci retracement , horizontal swing low support) where it could potentially bounce to its resistance at 1.2719 (61.8% Fibonacci extension , 61.8% Fibonacci retracement , horizontal swing high resistance).
Stochastic (34, 5, 3) is approaching its support at 4.2% where a corresponding bounce could occur.
GBPCHF Approaching Support, Potential BounceGBPCHF is approaching its support at 1.2668 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.2775 (100% Fibonacci extension, 23.6% Fibonacci retracement, horizontal swing high resistance).
Stochastic (34, 5, 3) is approaching its support at 4% where a corresponding bounce could occur.
GBP CHF BUY (POUND STERLING – SWISS FRANC)Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
AUDJPY Approaching Resistance, Potential DropAUDJPY is approaching its resistance at 82.35 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop further to its support at 81.91 (50% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) reversed off its resistance at 97% where a corresponding drop could occur.
GBP CHF BUY (POUND STERLING – SWISS FRANC)Hi there. Price has moved impulsively at the bottom of the bigger pattern and currently is forming a continuation pattern to the upside. Watch strong price action at the current price for buy.
GBPCHF approaching support, potential bounce! GBPCHF is approaching our first support at 1.2753 (Horizontal swing low support, 61.8% fibonacci retracement, 61.8% fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 1.2953 (Horizontal pullback resistance, 50% fibonacci retracement, 100% fibonacci extension).
Stochastic (55,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
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Losses can exceed the initial investment so please ensure you fully understand the risks.
EURCAD Reversed Off Resistance, Potential For A Further DropEURCAD reversed off its resistance at 1.5016 (61.8% Fibonacci extension x2, 78.6% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop further to its support at 1.4919 (50% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) reversed off its resistance at 89% where a corresponding drop could occur.
AUDJPY Approaching Resistance, Potential ReversalAUDJPY is approaching its resistance at 82.23 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse down to its support at 82.23 (50% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
Gold tests trend line support and holds at $1196.24Gold has tested its counter trend line support at $1196/97 levels yesterday before bouncing back. The yellow metal is see to be trading around $1202 levels at this point in writing, expected to continue pushing higher again. As discussed yesterday, the bounce is still within the convergence support zone of trend line and fibonacci 0.618 as seen here. Furthermore, the wave structure would remain intact until prices ideally stay above major price support at $1182.50 levels. Immediate price resistance is seen at $1212 levels for now and a break higher should be encouraging for bulls. A safe trading strategy could be to remain long and also look to add fresh around current levels, against $1182.50 with potential targets above $1250/70.
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This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
GBP/CHF (Daily Chart) - Bears Coming Back In?This pair has been on a long-term downtrend since 2000, which means that long-term position traders will generally be looking for large pullbacks as a shorting opportunity.
After an attempt to push prices up, the move has has failed at the neckline, currently forming a double top which may be the start of a swing downwards.
The recent large bearish candle could be a good trigger to take a short position, with a stop above the candle.
GBP CHF SELL (POUND STERLING – SWISS FRANC)Hi there. Price is moving impulsively to the downside. If you are not in, wait for the price to form a continuation pattern on a lower time frame and watch strong price action for sell. CHF is driving the down move, so the more CHF go up this pair gonna fall.
GBPCHF spot fx short trade set up Enter short on the GBPCHF pair as price breaks up to 1.3183 with a stop at 1.3215. Set target for 1.3100. 27 pip risk for 83 pip reward. 3:1 RR. Time frame is 240min
EURUSD immediate potential could be 1.1620The EURUSD pair hourly chart might be indicating that bulls could be targeting 1.1620 resistance as immediate shot term target. Looking at the medium term wave count, we still favor a potential flat structure to unfold, which could push prices at least towards 1.1830 levels if not further. Please note that Wave C, which began from 1.1302 levels last week could push all the way through 1.2000/2100 levels as well. We shall take the case as each cycle unfolds. Keeping the short term target in view, it remains a safe strategy to hold long positions for now with potential risk below 1.1300 levels. Ideally prices should stay above 1.1350/60 levels going ahead.
Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
GBPCHF Approaching Resistance, Potential ReversalGBPCHF is approaching its resistance at 1.3136 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse down to its support at 1.2784 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 96.7% where a corresponding reversal could occur.
NZDCAD Approaching Resistance, Potential ReversalNZDCAD is approaching its resistance at 0.8778 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance) where it could potentially reverse down to its support at 0.8558 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) is approaching its resistance at 98.3% where a corresponding reversal could occur.
GBP/CHF Now we have a clear understandingH4
INTERESTING MOVEMENTS
3 PIPES ABOVE OR BELOW THE RESISTANCE TO ENTER POSITION
GD LUCK ALL
GBPCHF BUYHi there. Clear continuation pattern to the upside. Currently GBP is so strong and on this pair it is driving the move. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
Don’t take a trade if you don’t see clearly when big guys are in.
GBP/CHF eyes 55-EMA, break below to accentuate downsideGBP/CHF is extending gradual grind lower along 5-DMA which is sharply lower.
We see strong support at 1.2867 (nearly converged 55-EMA and cloud top). Break below will accentuate weakness.
Technical studies support downside in the pair. price action was rejected at 200-DMA.
RSI and Stochs are biased lower and we see bearish divergence on Stochs along with a bearish MACD line crossover on signal line which adds to the bearish bias.
Risks skewed to the downside for the pound. Premature hopes on Brexit headlines once more gave way to discouragement.
The European Union offer fell far short of PM May's current demands.
Support levels - 1.2866 (nearly converged cloud top and 55-EMA), 1.2748 (Lower BB), 1.2635 (trendline)
Resistance levels - 1.2944 (5-DMA), 1.3114 (200-DMA)
Good to go short on upticks around 1.2910, SL: 1.30, TP: 1.2870/ 1.2750/ 1.27
