Get started

Gbpchfanalysis

GBPCHF | Perspective for the new weekThe British Pound appears to be staging a recovery since finding a bottom at Fr1.25000. The appearance of a Double Bottom within a strong Demand zone (Fr1.25000) which have a holding memory since July 2021 signals a rally should price Breakout/retest our Neckline (Key level @ Fr1.26000) in the coming week(s). Tendency: Uptrend (Bullish) Structure: Supply & Demand | Trendline | Reversal pattern (Double Bottom) Observation: i. It has been a Bearish run for the Pound since mid-September 2021. ii. The trend can easily be recognized after connecting a series of pivot highs together since the 20th of September 2021. iii. Trendline: The visual representation of a line drawn over pivot highs reveals the prevailing direction and speed of price action in the last couple of weeks. However, the price inability to break below Fr1.25000 during last week trading sessions says a lot about the preference of the majority in the market as indecision increases regarding selling the Pound for the Swissy. iii. Double Bottom: The appearance of an extremely bullish technical reversal pattern within a zone that has continue to be a critical spot for the high demand of the Pound (since July 2021) gives more credibility to my Bullish bias. iv. Completion of the reversal pattern is confirmed at Breakout/Retest of Neckline, a zone that also serves as a Key level. v. The early hours/days of the new week might see a plunge into the Fr1.25600 zone (represented on the chart in blue) before the rally continues. vi. This been said and as I continue to look forward to a successful breakout of Bearish trendline, above Key level @ Fr1.26000 remains a window to take advantage of the potential rally in the coming week(s)... Trade consciously!😊 Trading plan: BUY confirmation with a minimum potential profit of 200 pips. Risk/Reward : 1:4 Potential Duration: 7 to 14days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
Wait for Key level breakout and sell signal with GBPCHFH2 time frame. Structure: The uptrend was broken when the down move broke the Key level at 1.26600. There is now a smaller uptrend forming within the range of the previous down move and a new key level appears at 1.26200. Wait for the price to break this Key level and have a retest move, then look for selling opportunities with price targets of 1.25600 and 1.24800. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
Short
by tradafx
GBP/CHF:FUNDAMENTAL ANALYSIS+PATTERN FORMATION LONG SETUP 🔔The Swiss National Bank Sight Deposit Interest Rate is predicted at -0.75%. Forex traders can compare this to the previous Swiss National Bank Sight Deposit Interest Rate, reported at -0.75%. Traders should monitor the press release following the announcement for clues about potential changes to monetary policy and the inflation outlook. The UK Markit/CIPS Manufacturing PMI for September is predicted at 59.0. Forex traders can compare this to the UK Markit/CIPS Manufacturing PMI for August, reported at 60.3. The UK Markit/CIPS Services PMI for September is predicted at 55.0, and the UK Markit/CIPS Composite PMI is predicted at 54.5. Forex traders can compare this to the UK Markit/CIPS Services PMI for August, reported at 55.0, and the UK Markit/CIPS Composite PMI, reported at 54.8. The Bank of England is predicted to keep interest rates at 0.10%, and the Asset Purchase Target at £875B. Forex traders can compare this to the previous Bank of England meeting where the UK central bank decided to keep interest rates at 0.10% and kept the Asset Purchase Target at £875B. Traders should monitor the press release following the announcement for clues about potential changes to monetary policy and the inflation outlook. The forecast for the GBP/CHF turned bullish after this currency pair halted its most recent correction. Adding to upside pressures is the Ichimoku Kinko Hyo Cloud. Can bulls pressure the GBP/CHF into its horizontal resistance area and recover the most recent sell-off?
Long
by FOREXN1
18
GBPCHF LONG OPPORTUNITYPrice is currently consolidating, trading between resistance level at 1.28 and found support on major trendline at 1.25 level. The trendline we've found support on hasn't been broken since November 2015, so a good and strong bullish move. Strong level of support can be found on this trendline, retested several times. Unlike last time we've broken this trendline and we couldn't hold it for long, now we have a better and consolidation. Tehnically some more bullish momentum with a higher high on the RSI. Please note that this is not financial advice and we are just sharing our thoughts. We encourage anyone trading financial instruments to do their own analisys and trade responsably
Long
by HOUSEofTRADING