⁉️ GBPCHF - Market AnalysisHello traders!
⁉️This is my analysis on GBPCHF .
Here we have 2 opportunities, first one if price rejects from support zone to go higher to take buy side liquidity and the second one if price breaks the support zone I will wait for a re-test and then will open a short position.
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Gbpchfshort
Tue 9th Aug 2022 GBP/CHF Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/CHF Sell. Enjoy the day all. Cheers. Jim
Descending triangle formation GBPCHF for the week of 01 AugThis pair has been bearish since Apr 2021. Check out your weekly and monthly charts to see an even more strongly bearish picture. More recently, the pair has been consolidating within a descending triangle.
A base has been formed at 1.1520 that has not been penetrated and in my opinion, this is likely to happen. We may see this consolidation continuing for several more days as sell orders accumulate but I believe a break of this level will occur with momentum and provide us with a good short trade.
The next major support is located at 1.1250 and this will be my target.
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GBPCHF is in sell zone!!GBPCHF has broken out of the local channel and tested the support as resistance on the 4H timeframe.
This instrument is long-term bearish and there is the possibility that the price will continue to drop as there is already a daily bearish engulfing has formed. Upone close of this 4H candle, a sell opportunity may arise!!
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GBPCHF: Rallies bound to fail?!GBPCHF
Intraday - We look to Sell at 1.1711 (stop at 1.1745)
Preferred trade is to sell into rallies. Previous resistance located at 1.1710. There is scope for mild buying at the open but gains should be limited. Expect trading to remain mixed and volatile.
Our profit targets will be 1.1600 and 1.1550
Resistance: 1.1710 / 1.1758 / 1.1990
Support: 1.1570 / 1.1527 / 1.1450
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: Rallies bound to fail?!GBPCHF
Intraday - We look to Sell at 1.1690 (stop at 1.1726)
We look to sell rallies. Previous resistance located at 1.1690. There is scope for mild buying at the open but gains should be limited. Choppy price action seen.
Our profit targets will be 1.1532 and 1.1455
Resistance: 1.1690 / 1.1758 / 1.1990
Support: 1.1570 / 1.1527 / 1.1450
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:Rallies should be capped!GBPCHF
Intraday - We look to Sell at 1.1714 (stop at 1.1781)
Preferred trade is to sell into rallies. Previous resistance located at 1.1721. There is scope for mild buying at the open but gains should be limited. The medium term bias remains bearish.
Our profit targets will be 1.1532 and 1.1455
Resistance: 1.1700 / 1.1758 / 1.1990
Support: 1.1570 / 1.1527 / 1.1450
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, price action very bullish. Hello Traders,
GBFCHF has been shaping up for the next impulse. Looking at the HTF we can see that price is consolidating within a bullish continuation structure which also made a double bottom giving us confluence that we should see a reversal soon. On LTF price was moving within a reversal channel that had a strong breakout now following by a correction for further upside movement.
Target range 350pips
Trade Safe
Thanks.
GBP/CHF Fundamental & Chart Analysis FUNDAMENTAL ANALYSIS
( Comparing the historical health, stability, growth and value of a country's currency to current and/or future
expectations to help make higher probability trading decisions. )
GBP most recent and upcoming economic events
- Unemployment Rate ( 3.8 same as previous )
- Unemployment Claims ( -20.1k higher than previous )
- Year over Year inflation rates ( Forecasted 9.5, .4% higher than previous )
- Gfk Consumer Confidence ( Forecasted -44.0, -3.0 lower than previous )
- Retail Sales ( Forecasted -0.2%, -0.3% higher than previous )
- S&P Global/CIPS Manufacturing PMI Flash ( Forecasted 51.9, .9 lower than previous )
*GBP Commentary
- Overheated and reached peak, starting to cool down— entering a contraction phase of a business cycle. BoE recognizes current economic conditions and has hawkishly adjusted their interest rates in response to increasing and forecasted to be higher inflation rates.
…………………………………………….…………………………………………….
CHF most recent and upcoming economic events
- Balance of trade ( 2.57—higher than previous but lower than forecasted. )
- Year over Year Retail Sales ( 3.4% forecast, higher than previous but lower than previously forecasted )
- KOF Leading Indicators ( 97.7 forecast, higher than previous but lower than previously forecasted )
*CHF Commentary
- CHF economy in contraction phase. Forecasting higher than previously reported but lower than previously forecasted supports a weakening economy caused by a middle hawkish interest rate hike in June, 2022 of 50bps ( -.75% — -.25% )
…………………………………………….…………………………………………….
CHART/TECHNICAL ANALYSIS
( Comparing the historical price (re)action before, during and after economic event announcements, chart and
candlestick pattern formations, including support and resistant levels for trends and overlays. )
Long term downtrend where price formed a descending triangle pattern over the course of almost a year. Price recently fell below long and short term moving averages and descending triangle support levels. If price falls the length of gap for descending triangle pattern it could land near 1.14000. Entry 1.69000. Stop Loss 1.8900 ( 1.45/1.00 )
GBPCHF may go higher towards its resistanceHi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count!
We are going to discuss about FX:GBPCHF
We can see market is breaking its trend.
So we are expecting more rise from its upper trendline.
This is my opinion, I really hope this will be useful for you.
This is not a financial advice. Always take trade at your own risk,
Be ready and take care your money. Have a great profit !
Risk Warning:
Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Trading non-leveraged products such as stocks also involves risk as the value of a stock can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the EMOTT brand based on the legal requirements in his/her country of residence
Pound Swissy ready to bounce after falling wedge Hi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count!
We are going to discuss about FX:GBPCHF
We can see market creating a falling wedge and stuck near its strong support.
So we are expecting more rise from its support.
This is my opinion, I really hope this will be useful for you.
This is not a financial advice. Always take trade at your own risk,
Be ready and take care your money. Have a great profit !
Risk Warning:
Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Trading non-leveraged products such as stocks also involves risk as the value of a stock can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the EMOTT brand based on the legal requirements in his/her country of residence
GBPCHF | IMPORTANT SUPPORTGBPCHF has formed has head n shoulder pattern (Not perfect as a book). Currently, it is holding the important zone as support and a break below will meet its downside target as marked by an arrow.
However, bulls can pull off from here by showing strength in the current price and taking the price one step higher.
Trade your levels accordingly.
GBP/CHF:DOWNTREND | SWING TRADING | SHORT SETUP 🔔Hello Everyone, I hope you'll Appreciate our Price action Analysis !
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