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Gbpchflong

GBP: To Position For A Brexit Deal; Buy GBP/CHF Targeting 1.25 Credit Agricole CIB Research likes long GBP/CHF exposure on the prospect of a Brexit EU-UK trade deal targeting a move towards 1.25. "Our central case remains that a ‘bare -bones’ Free Trade Agreement (FTA) will be agreed between the UK and the EU. We continue to think that a trade deal is in the best interest of both the EU and the UK," CACIB notes. "Subsequently, we think that there is a non -negligible risk that the UK and the EU will agree to a partial trade deal, focusing on the topics where the two sides can compromise. To the extent that this outcome nevertheless gives the Brexit saga a sense of finality, even a partial Brexit deal could propel the GBP higher across the board and especially vs overvalued and low -yielding currencies like the CHF," CACIB adds.
Long
by The_Trader_FX
GBPCHF Might Make A Turn Soon!!! BULLISH retracement...This is a follow up on our previous analysis. From our previous analysis, we managed to sell from the top with a perfect profit. As of now, I am seeing price heading to 61.8 fib level. This will be an interesting level to see a BULLISH retracement after the fall. I will expect to see a retracement movement till 38.2 fib level as of now. If we see a clean rejection off that level BEARISH will continue from there. As of now, trade the short term BULLISH opportunity!! Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Long
by YGForex
Two Options for GBPCHF Movement. Feel free to commentGBPCHF has been moving as expected thus far. Big movers (banks) appear to be taking profit on their buy orders and have potentially begun acquiring buy orders. To verify this info I would look for a push down due to a lack in volume and too high orders that force market down. From here we will see what they plan to do. A move further down would below lower level would hint at an accumulation of more buy orders and thus could expect a push up later in the week or the start of next. A brief (few hours or day) move down to the lower level then back up to the current level or above would validate my suspicion of the Big Movers taking position for the Sale to come. The volume of willing participant will effect the time-frame of these movements so I will be hoping that Volume is above the 20 avg. to make this movement go smoothly. Otherwise, some prolonged ranging in the markets as they try to accumulate and dump as many positions as volume will allow. FX:GBPCHF
by joelittlenc
1
GBPCHF - The return of the Pound?After several strong support levels being held on several GBP pairs, GBP/CHF is a perfect example of that. A strong support level being touched after the march lockdown, which was then later again retested and respected. Im looking at the positive channel movement on GBPCHF, and looking for a long term position also. TP1 is a point to move SL to breakeven as there is a big point of consolidation there, so I can imagine if it breaks that we will see continual movement. TP2 is the previous high on the 4H chart which I imagine will take about a week to hit if so. Remember to subscribe to my Youtube, Link on my profile. I will be broadcasting a £100 to £10,000 forex and commodities challenge with real funding! Trade safe people!!!
Long
by danielbtrading