GBPCHF Consolidating In Falling In H1 Timeframe (bulish Pattern)
Rsi Also Printed Bulish Divergence We Only Needs Upside Breakout Of Wedge To Enter In This Trade
If Its Breaks To The Upside Expecting Bulish Impulse ( Plz Always Wait For Breakout To Be Confirmed)
Keep In Mind Until Breakout Gbpchf Will Remain Bearish
This Is Not Financial Advice You Can Trade According To Rules And analysis
GBP-CHF
GBPCHF SELL**Fundamental view :** the British pound could be the main victim of a strengthening euro, "as the Bank of England (BoE) is closer to the end of its tightening cycle than the Fed and the U.K.'s large current account deficit makes the pound vulnerable in a global slowdown.”
Pound Slumps as BoE Forecasts Recession for UK
The Pound (GBP) was initially boosted by stronger-than-expected GDP figures on Monday. Persistent expectations of a recession kept GBP’s upward movement limited, however.
Mixed jobs data on Tuesday largely weighed on the Pound. A rise in unemployment undermined a bump in wage growth. This, along with a drop in inflation on Wednesday, saw markets pare back their BoE rate hike bets.
Thursday’s interest rate decision from the central bank pulled Sterling lower. Dovish forward guidance alongside the **50bps interest rate hike** dented confidence in the Pound.
Finally on Friday, an unexpected slump in November’s retail sales deepened GBP’s losses.
****"We therefore think short GBP/CHF is the best relative value expression of policy divergence essentially long EUR/GBP with a “BTP hedge” - Goldman Sachs.****
UK bonds slumped on speculation a wave of extra supply will drive down prices as the Bank of England prepares to push on selling its sovereign holdings at the start of the new year.
Yields on 10-year gilts jumped as much as 16 basis points to 3.48% on Monday, the highest since early November
**Central Banks view :**
Actual is **3.5%** but more to come. The BoE, which is battling double-digit inflation that has unleashed a cost-of-living crisis that is pushing the economy deeper into recession, ** (www.reuters.com)** by a combined **325 bps in 2022** alone to their highest since late 2008.
UK rates began rising in December 2021, making the BoE the first of the world's major central banks to kick off a monetary policy-tightening cycle.
This is to a financial advice, just my own analysis.
GBPCHF - Preferred trade is to sell into rallies.GBPCHF - Intraday - We look to Sell at 1.1420 (stop at 1.1470)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. The hourly chart technicals suggests further upside before the downtrend returns. With the Ichimoku cloud resistance above we expect gains to be limited. Preferred trade is to sell into rallies.
Our profit targets will be 1.1270 and 1.1035
Resistance: 1.1570 / 1.1905 / 1.2445
Support: 1.1305 / 1.1035 / 1.0700
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
Gbpchf magnetize to 1.1550 zone?Could it break higher high?
Looking for long as still supported by higher timeframe...
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The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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GBPCHF - Short term bias is bullish.GBPCHF - Intraday - We look to Buy at 1.1380 (stop at 1.1320)
Selling pressure from 1.1535 resulted in all the initial daily gains being overturned. The current move lower is expected to continue. Short term bias is bullish. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Our profit targets will be 1.1550 and 1.1575
Resistance: 1.1575 / 1.1905 / 1.2445
Support: 1.1305 / 1.1035 / 1.0700
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
GBPCHF Swing: Bullish Run PrevailsPivot:
1.1200
Our Preference:
Long Position above 1.1200 (SL) with Targets at 1.1500 and 1.1700
Alternative Scenario:
Below 1.1200 look for further downside with 1.1050 and 1100 as targets
Comments: Enjoy this free signal and Don't forget to comment your suggestion or hit my private message. Always available to Talk
GBPCHF a short opportunity 🦐GBPCHF on the 4h chart tested the supply zone at the 1.14 area.
The market created a double top over the resistance area and IF the price will break below the support i will set a nice short order according to the Plancton's strategy rules.
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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.
GBPCHF a short opportunity 🦐GBPCHF on the 4h chart tested the supply zone at the 1.14 area.
The market created a double top over the resistance area and IF the price will break below the support i will set a nice short order according to the Plancton's strategy rules.
--––
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.
💵British Pound/Swiss Franc💵Analyze (10/18/2022)!!!The British Pound/ Swiss Franc moved as I expected 👇✅
I expect the British Pound/ Swiss Franc will go down until the support zone.
🔅British Pound/ Swiss Franc Analyze ( GBPCHF ) Timeframe 2H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
GBPCHF Best long-term buy signal since COVID-------------------------------------------------------------------------------
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The GBPCHF pair almost hit early this week the Lower Lows trend-line of the multi-year Bearish Megaphone pattern that it has been trading in since June 05 2017. At the same time, the RSI on the 1M time-frame printed its lowest value since the October 31 2016 candle. This combination is a strong buy signal on the long-term and confirmation comes when the 1D MA50 (red trend-line) breaks.
As you see, every time the price broke above the 1D MA50 following a Megaphone bottom, the pair targeted both the 1W MA50 (blue trend-line) and the 1W MA200 (orange trend-line).
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👇 👇 👇 👇 👇 👇
👇 👇 👇 👇 👇 👇
👇 👇 👇 👇 👇 👇
JPY Jumps As Japan IntervenesThe European session saw the release of both the SNB's and BoE's latest monetary policy decisions. The SNB announced a 75 basis point hike, taking the Policy Rate to 0.50%, while the BoE announced a 50 basis point rate hike, taking the Offical Bank Rate to 2.25%.
As the SNB and BoE faced outside bets for more aggressive rate hikes, and both failed to provide any particularly hawkish rhethoric beyond expectations, CHF and GBP weakened after their respective central bank announcements in a buy the rumour sell the fact fashion .
Elsewhere, JPY has come into focus, with the currency rapidly appreciating across the board. USDJPY tumbled over 500 pips to below the 141.00 handle and GBPJPY to below the 160.00 handle.
Strength in the safe-have is the direct results of intervention in the currency by Japanese authorities, who have warned of such action over recent months due to the speed and size of JPY's recent decline. This is the first time Japan has intervened in the value of JPY since 1998.
Looking ahead, today's US economic calendar is light on tier one data, keeping the market's focus on monetary policy, given the recent announcements from the FOMC, BOJ, SNB and BOE. Other ongoing themes to note are the prevailing risk tone, the global economic outlook and rising tensions between the West and Russia with regard to the invasion of Ukraine.
💵British Pound/Swiss Franc💵Analyze (9/22/2022)!!!The British Pound/Swiss Franc was able to make a beautiful Bullish Engulfing Pattern. And British Pound/Swiss Franc managed to reach trend line 1 and, as a result, managed to break it.
We are currently seeing a pullback to trendline 1.
I expect the British Pound/Swiss Franc to go up to at least trend line 2 & resistance zone.
🔅British Pound/Swiss Franc Analyze (GBPCHF) Timeframe 1H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.