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GBP-CHF

GBPCHF Expect trading to remain mixed and volatile.GBPCHF - Intraday - We look to Sell at 1.1550 (stop at 1.1585) We look to sell rallies. Our outlook is bearish. 21 1day EMA is at 1.1544. Expect trading to remain mixed and volatile. Our profit targets will be 1.1448 and 1.1410 Resistance: 1.1550 / 1.1580 / 1.1990 Support: 1.1400 / 1.1300 / 1.1200 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Short
by OANDA
GBP CHF - FUNDAMENTAL DRIVERSGBP FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE The overall bleak economic outlook for the UK, with exceptionally high Inflation and rapidly falling growth have been the biggest negative driver for Sterling. At their August meeting, the BoE confirmed this bleak outlook by forecasting the UK economy to fall into recession by 4Q22 and expects the recession to last for five quarters. Even though the bank followed through with a 50bsp hike, it wasn’t enough to offset the recession forecasts. With inflation expected to reach close to 13%, the bank is stuck between a rock and a hard place as they are forced to keep hiking rates to try and fight inflation but by doing so, they risk further damaging economic growth as a result. Even though Sterling is still fairly close to recent lows (at the index level), the recent bounce was enough to short into, and we saw sizeable downside following the BoE decision. It seems unlikely that the post-BoE price action reflects a market that has already priced in a 5-quarter recession, so we expect sentiment to remain bearish on Sterling for now. POSSIBLE BULLISH SURPRISES Stagflation fears are very high for the UK, with probabilities of recession growing by the week. With a recession now the base assumption, any incoming news that surprises meaningfully higher could trigger some relief. The UK is facing a huge cost-of-living squeeze, which means lower-than-expected inflation could counterintuitively be a positive driver (as lower CPI means less stagflation risk). The economy needs help right now, which means any help from the fiscal side will be a positive. Any major fiscal support measures to help consumers (subsidies for energy or tax cuts) could trigger bullish reactions for the Pound. Any overly hawkish fiscal promises from PM candidates which eases recession fears could be a positive trigger for Sterling. Any overly hawkish comments signalling more aggressive policy than what markets are currently pricing in could trigger bullish reactions. POSSIBLE BEARISH SURPRISES Odds that the BoE has limited hikes left has been a negative driver, but so too is risks that inflation forces them to hike even more and further damage GDP. Further stagflation risks from higher gas prices or CPI could trigger bearish reactions. Politicsremain a focus, where any attempts by a new PM in the weeks or months ahead to call for a snap election should cause unnecessary uncertainty and could trigger GBP downside. With UK threats of triggering Article 16 and EU threats to terminate the Brexit deal if they do Brexit is in focus again. For now, markets have rightly ignored this as posturing, but any actual escalation can see sharp GBP downside. Any overly dovish fiscal promises from PM candidates that increase recession fears could be a negative trigger for Sterling Any overly dovish comments signalling less aggressive policy than what markets are currently pricing in could trigger bearish GBP reactions. BIGGER PICTURE The fundamental outlook for the GBP remains bleak, especially after the BoE’s recent forecasts of a 5-quarter recession in the UK. Furthermore, given the risks to growth, there is growing speculation that the BoE might not be too far away from pausing. Anything that exacerbates stagflation fears is expected to weigh on the Pound and anything that alleviates some of that pressure should be positive. The post-BoE price action was big, but not big enough for a market that has priced in a deep recession, which means we would expect sentiment to remain soft on Sterling after the most recent BoE meeting, but incoming data this week could trigger short-term sentiment reactions as always. CHF FUNDAMENTAL OUTLOOK: WEAK BULLISH BASELINE The CHF has been supported in recent months as STIR markets have steadily priced in higher interest rates for Switzerland, as well the SNB’s reluctance to intervene in the currency markets to try and weaken the CHF. At their June meeting, the SNB took a very aggressive policy step by hiking rates with 50bsp and removing their previous classification that the CHF is ‘highly valued’. Unlike other central banks, the SNB has chosen to try and tackle inflation before it runs rampant by hiking rates aggressively. Their hike in June was the first hike since 2007, and if the bank follows through with a hike in September it will mean Switzerland will have positive interest rates for the first time in almost a decade. There is scope for further CHF upside in the months ahead with 4 supporting drivers. SNB’s hawkish tilt, the bank’s acceptance of a stronger CHF with less intervention, negative underlying risk sentiment driven by the global cyclical slowdown, rising inflation. The SNB did note that they are willing to be active in the foreign exchange market to ensure appropriate monetary conditions which means too much CHF strength could get the wrong attention from the bank. POSSIBLE BULLISH SURPRISES Any incoming data (especially CPI on Wednesday) or SNB comments that causes markets to price in even more aggressive policy from the bank could trigger bullish reactions in the CHF. As a risk sensitive currency, and catalyst that causes big bouts of risk off sentiment could trigger bullish reactions in the CHF. The more aggressive markets think the ECB will be with incoming hikes, the more aggressive they will be for the SNB. Thus, data that trigger hawkish ECB expectations could also be supportive for the CHF. POSSIBLE BEARISH SURPRISES The SNB has not been as active in trying to devalue the CHF through sight deposits as they have been in recent years. With the bank now on a hiking cycle, any drastic appreciation could spark some intervention and would be a bearish catalyst. As a risk sensitive currency, and catalyst that causes big bouts of risk on sentiment could trigger bearish reactions in the CHF. Further lower repricing of ECB hikes could trigger downside in the CHF as well, and the biggest dovish risk for the currency is a big surprise miss on any incoming CPI data. BIGGER PICTURE The SNB surprised with a 50bsp hike and signalled, that unlike other central banks, they will not get behind the curve. Apart from a hawkish central bank, we also have the economy on a steady footing, as well as less risk of intervention as SNB’s Jordan said they no longer see the CHF as highly valued (there is of course risk that they could intervene if the CHF appreciates too much too fast). This means the bias for the CHF is bullish and we’re looking for dips as CHF for buying opportunities.
by thunderpips
5
GBPCHF will be moving up soon!Hey Traders, keep an eye on FX:GBPCHF , we are looking for this up wave. For us, the structure is ready to move up so we will be looking for our buy setups. P.S. Jumping in without using stop loss or risking big or following anyone blindly leads to big losses, never do that. If you want us to post more charts, setups and explain more about the next move, make sure to follow us, like and comment. What we are sharing here is only our point of view on what could be the next move in the market based on our wave analysis concept so this is a directional bias and not signals... DO NOT FORGET "We Trade Waves" 4 GOLDEN RULES: 1) Do not over-risk 2) Do not over-trade 3) Do not trade without stop loss 4) Never ever add to losing position Trade with care We Trade Waves Team
Long
by WeTradeWAVES
22
GBPCHF looking up 🦐GBPCHF on the daily chart is trading at the recent low over a support area. The price is moving below a weekly structure and took the liquidity for a break above. How can i approach this scenario? I will wait for a potential break of the resistance structure and in that case, i will be looking for a nice long 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.
Long
by InkyGrip
Joe Gun2Head Trade - Buying GBPCHF at key supportTrade Idea: Buying GBPCHF Reasoning: Large shooting star candle on the daily chart , price action rolling over to the downside on the 60min chart Entry Level: 1.1557 Take Profit Level: 1.1746 Stop Loss: 1.1523 Risk/Reward: 5.45:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Long
by Signal_Centre
GBPCHF Long-term Buy OpportunityThe GBPCHF pair has been trading within a Bearish Megaphone pattern since the April 05 2021 High. Every Lower Low has been on the 1.786 Fibonacci extension from the previous and the recent series of Lower Highs have been rejected on the 1D MA200 (orange trend-line). The price is now testing the Lower Lows trend-line and that makes it an automatic buy. The short-term target is the 1D MA50 (blue trend-line) and long-term the 1D MA200. Invalidation of the Megaphone is a sell signal, targeting the 1.786 Fib extension again. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Long
by TradingShot
💡Don't miss the great buy opportunity in GBPCHFTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.1658). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPCHF is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 75. Take Profits: TP1= @ 1.1714 TP2= @ 1.1764 TP3= @ 1.1804 TP4= @ 1.1897 TP5= @ 1.1972 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
8
💡Don't miss the great buy opportunity in GBPCHFTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.1658). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPCHF is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 76. Take Profits: TP1= @ 1.1714 TP2= @ 1.1764 TP3= @ 1.1804 TP4= @ 1.1897 TP5= @ 1.1972 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
2
GBPCHF a long opportunity 🦐GBPCHF on the 4h chart after the recent low started a retracement move. The price is trading near to a weekly structure and after the recent impulse tested the 0.618 Fibonacci òevel. How can i approach this scenario? I will wait for a potential break of the resistance structure and in that case i will be looking for a nice long 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.
Long
by InkyGrip
2
GBP/CHF:UPDATE | PRICE IS FALLING LIKE PREDICTED | SHORT 🔔Hello Everyone, I hope you'll Appreciate our Price action Analysis ! Our strategy is based on Swing trading with price action Analysis and Advanced Fibos tools. Please support our page by hitting the LIKE 👍 button to this Idea and Follow us to get NEW ONE! Feel free to request any pair/instrument analysis or ask any questions in the comment section below. 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. Have a Good Take Day_Profits !
Short
by DAY_PROFITS
💡Don't miss the great buy opportunity in GBPCHFTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.1683). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPCHF is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 65. Take Profits: TP1= @ 1.1803 TP2= @ 1.1882 TP3= @ 1.1967 TP4= @ 1.2069 TP5= @ 1.2142 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
10
💡Don't miss the great buy opportunity in GBPCHFTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.1683). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPCHF is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 65. Take Profits: TP1= @ 1.1803 TP2= @ 1.1882 TP3= @ 1.1967 TP4= @ 1.2069 TP5= @ 1.2142 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
4
💡Don't miss the great buy opportunity in GBPCHFTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.1628). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPCHF is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 54. Take Profits: TP1= @ 1.1722 TP2= @ 1.1806 TP3= @ 1.1899 TP4= @ 1.1997 TP5= @ 1.2124 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
14
💡Don't miss the great buy opportunity in GBPCHFTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.1628). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPCHF is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 54. Take Profits: TP1= @ 1.1722 TP2= @ 1.1806 TP3= @ 1.1899 TP4= @ 1.1997 TP5= @ 1.2124 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
6
GBPCHF 750 PIP LONG!Hello traders, Today we are looking at GBPCHF where we are expecting bullishness. Why are we entering? Price has rejected our lower trendline and structure where we can see clear rejection We have completed our 5th subwave in our impulsive wave, therefore we are expecting a correction We have 2 clear confirmations for a price reversal What is our confirmations? Break of our descending Watch for Break trendline - this shows price has clearly broken our bearish structure We are waiting for a break of our descending 2HR EMA as this has been highly respected on our descent Where are we taking profit? We are looking to take profit at point A in our corrective wave which is 750 pips away (1.229) Be sure to secure profit multiple times along the way as we can reverse at any point Where is our stop loss?] We are placing our stop loss below the previous low (1.15) Move stop loss to break even after we run 30 pips to prevent any possible loss
Long
by Pips-Collector