GBPCHF will go UP by Descending Triangle🚀GBPCHF has managed to form a Descending Triangle Pattern on the daily time frame.
After GBPCHF managed to break the 200-SMA , it was expected that the upper line of the descending triangle would break, and it did.
GBPCHF is completing a pullback to the upper line of the descending triangle , and I expect GBPCHF to start growing near the uptrend line and the 38.2% Fibonacci level .
🎯The GBPCHF target can at least continue to the upper limit of the 🔴heavy resistance zone( 1.178 CHF -1.153 CHF)🔴🎯.
🔅British Pound/ Swiss Franc Analyze ( GBPCHF ) Daily time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
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GBPCHF
💱GBPCHF - False breakdown of D1, H&S formationGBPCHF is forming a downtrend. The price after a false breakdown of one of the key support levels is testing resistance. Remember the strategy of trading in the channel on a downtrend!)
TA on a high timeframe:
1) The price forms a false-break of the 1.14100 level.
2) Price consolidates below the level after the H&S divergence pattern is formed.
TA on a low timeframe:
1) The retest of the base of the reversal pattern is formed
2) At the same time the price tests the downtrend resistance
3) There is a chance that on the back of the downtrend the retest of the resistance will send the price down.
Key support📉: 1.13296
Key resistance📈: 1.13843, 1.14000
GBPCHF Will Go Higher From Support! Long!
Please, check our technical outlook for GBPCHF.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 1.140.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.152 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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GBPUSD-06/22/2023Preferred direction: BUY
Comment: Market participants are waiting for the decision of the Bank of England on the interest rate, that, according to analysts' forecasts, is likely to be increased. Today, the rate has already been raised in Switzerland, and most likely the UK will also continue to raise, as there are reasons for that. Technically, the instrument continues to move towards its target, which we indicated earlier at the level of 1.28484. We expect the price there.
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AUDCHF I Will retest neck of double bottomWelcome back! Let me know your thoughts in the comments!
** AUDCHF Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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GBPCHF I Brief pullback and more upsideWelcome back! Let me know your thoughts in the comments!
** GBPCHF Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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GBPCHF Potential RejectionHey Traders, in today's trading session our focus is on GBP/CHF, where we are actively monitoring a potential selling opportunity around the 1.15400 zone. Technically, GBP/CHF is currently approaching a significant support and resistance zone on the daily timeframe, leading us to anticipate a possible rejection from this level and a subsequent downward movement.
Moreover, from a fundamental perspective, we are particularly attentive to the upcoming SNB meeting scheduled for this week. It is widely expected that the SNB will take measures to counteract the depreciation of the CHF, which, in turn, could potentially strengthen the Swiss Franc further. Therefore, we consider this fundamental factor as an additional element to consider in our analysis.
Trade safe, Joe.
GBPNZD - Looking For Sell Setups ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on DAILY: Left Chart
GBPCHF has been stuck inside a big range and it is currently sitting around the upper bound so we will be looking for sell setups on lower timeframes.
on H1: Right Chart
GBPNZD is forming a wedge pattern in red but it is not ready to go yet.
For the bears to take over, we need a momentum candle close below the last major low in gray.
Meanwhile, until the buy is activated, GBPCHF would be overall bullish and can still break the resistance upward.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GBPAUD and GBPCHF Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPCHF Is Bearish! Short!
Please, check our technical outlook for GBPCHF.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 1.141.
The above observations make me that the market will inevitably achieve 1.136 level.
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.
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