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SWISS FRANC / BRITISH POUND

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CHFGBP trade ideas

Bearish Signals on 4H GBP/CHFMACD and Signal Line Down-Cross The Moving Average Convergence Divergence (MACD) indicator is nearing a down-cross of its signal line. This is traditionally seen as a bearish signal, suggesting that downward momentum is increasing, and traders might anticipate a potential decline in the GBP/CHF pair. The MACD measures the momentum by comparing two moving averages of the price, and a cross below the signal line can indicate that it's a good time to consider short positions. Higher-Highs with Descending CCI There are two occurrences of two consecutive candles forming higher highs, a bullish signal, but this is contrasted with the Commodity Channel Index (CCI) descending during the same four-candle period. The CCI is used to identify overbought and oversold levels. A descending CCI during a period of price increase can indicate weakening momentum in the upward move and might suggest a reversal or pullback is on the horizon, especially if the CCI moves from above 100 to below it, indicating the end of overbought conditions. Resistance Levels and Bounces The GBP/CHF price action showing a bounce off the weekly pivot's resistance level R1 and the upper band of the Bollinger Band (coinciding at R1) further supports the case for a potential reversal. The resistance level R1 acts as a ceiling that price struggles to break through, and the Bollinger Bands are used to measure volatility and overbought or oversold conditions. A price rejecting off the upper Bollinger Band typically suggests that the asset is overbought, and a retracement could be imminent. Towards the Weekly Pivot Considering the confluence of bearish signals—MACD down-cross, divergent CCI during higher highs, and significant resistance at R1 coinciding with the upper Bollinger Band—there's a strong case that the price might retreat towards the weekly pivot level at 1.13357. This level acts as a gravitational center for the price and could serve as the next target for a downward move. In summary , the GBP/CHF 4-hour chart analysis points to a possible retracement from current levels with the weekly pivot at 1.13357 as a plausible short-term target. As always, while technical analysis can provide guidance, it's crucial to consider other factors such as market news, economic indicators, and broader market sentiment before making trading decisions.
Short
by TradingClue
GBPCHF Is Going Up! Buy! Here is our detailed technical review for GBPCHF. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.137. Considering the today's price action, probabilities will be high to see a movement to 1.141. 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. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
GBP/CHFCertainly! Combining "Higher Highs," "Trendlines," and "Fibonacci retracement (.618 level)" in technical analysis of an uptrend: - **Higher Highs**: Successive peaks indicating increasing bullish momentum. - **Trendlines**: Upward-sloping lines connecting higher lows, representing uptrend support. - **Fibonacci Retracement (.618 Level)**: Key level for potential support during pullbacks in an uptrend. Together, they help identify potential buying opportunities when the price retraces to the .618 Fibonacci level, coinciding with the trendline or nearby, confirming the uptrend's strength.
Long
by B9A-88652-NisarAhmad
GBPCHF it can be a bear trap but it is possible - Very RiskyGBPCHF may be a bear trap, but it is possible From the previous analysis posted when the price was at 1.1090, we can see that GBPCHF reached the final target. The price Is testing a strong resistance zone. We can likely see a bearish wave again. The bearish wave this time is riskier as it is also related with the fundamental perspective from the SNB front that is already changing. So if the bearish wave happens may happen only because of GBP and not to CHF. As long as the price is still below the structure it can move down more. A move above the brown zone should push GBPCHF further considering it has been weak for a long time. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by KlejdiCuni
2
Zigzag pattern! or the maturity of a rising marketDear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering different scenarios that are likely to occur in the market. It should be noted that I do not like to be surprised in the market, and that's why I have different market prospects. I follow them to be sure and recognize the structure that is forming so that I can 100% recognize it. I will share my analysis with you, but please note that I am not providing any buy or sell signals. My perspective on idea analysis is completely unbiased, so if the idea analysis meets your standards, you can use it as a guide to make an informed decision. I have attached my previous analysis of the same market so that you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand. However, having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily. I have been studying the Elliott Wave Principle for almost three years now, and over time, my understanding of this knowledge and experience has grown. What I have achieved so far is the legacy of a genius called Ralph Nelson Eliot, and I am really happy with my progress. May peace be upon him. Thank you for your support so far. I will always remember your kindness. Please share your comments and criticisms with me. I hope my analysis will be useful to you in your business journey, and I wish you all the best. Sincerely, Mr. Nobody
Long
by mehdi47abbasi79
GBPCHF in a Risky Bearish MovementGBPCHF in a Risky Bearish Movement In this video I explained GPBCHF analysis from a 4 hour and 60 min perspective. It is very risky but we can see GBPCHF correcting during the coming days. It's risky as a sell because SNB changed the Monetary Policy statement. You may watch the video for further details! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by KlejdiCuni
GBPCHF BEARISH ADVANTAGE > SELL!For Traders and Investors. This is how I’ve been actively monitoring GBPCHF for a couple of weeks, and now I have shared with you how I intend to accurately predict these next price movements and targets potentially as a result of back-testing and preparing key details that should work profitability. If you agree with this idea hit the boost, and I appreciate it. - In the beginning, the process of identifying, figuring out, learning, and executing this high probability Sell Opportunity began with the presentation of this Bearish Candle at the 16th-hour 45-minute mark on Thursday, possessing these four specific principles below, that I strongly believe has the potential capacity within itself to prevent the price of GBPCHF from hitting a 28.6 pip price level above the bottom bearish candle in the first four hours 45 minutes of its process if it hasn’t already at $1.13803pts, while potentially influencing the price of GBPCHF to fall further than 78 pips below the bottom bearish candle in 1-3 days at $1.12743pts* - This was and still is the first Bearish Candle of this trading week. (These are the four specific principles present below) - 3.21.2024 1st Principle = The (Red Ma) is fully above this Bearish Candle and the (Blue Ema) — Essential 2nd Principle = This Bearish Candle has and will remain to have a flat top, no wick — Essential 3rd Principle = This entire Bearish Candle is fully below the Ichimoku Cloud — Essential 4th and final Principle = The previous wick of this Bearish Candle is 64 pips away from the bottom bearish candle, which is greater than the first bearish previous wick (25) by a large margin of 39 = automatically making it a greater previous wick, knowing that the greater the previous wick = the more effective, profitable, and powerful this Bearish Candle is expected to become within itself to influence the price to fall toward a specific level. — Essential (Chart Work / Greater Chart View) - 🌅 (Buomkuoth’s Sell Position off this Bearish Candle revealed) - 3.21.2024 My Entry Price was $1.13586pts / The current price is at $1.13336pts The price of my take profit is set at $1.12724pts (85.3 pips) The price of my stop loss is set at $1.13825pts (24.8 pips) - My risk management rules are in place within this position, yours should be too! (2-4% risk) (Bk) Buomkuoth Nhial Reath 👑 / Glory be to God the Father of our Lord Jesus Christ now and forever more! Amen.
Short
by BuomkuothNhialReath
GBPCHF, Resistance Pullback?GBPCHF on the weekly timeframe indicates a potential trading opportunity based on technical analysis. Currently, the price is nearing a resistance trendline, suggesting a possible impending pullback. The rationale behind this analysis lies in the observation that the price has approached a significant resistance trendline. Historically, such levels have acted as barriers to further upward movement, often triggering a reversal in price direction. In this scenario, traders may anticipate a bearish movement, with a target set towards the psychological level at 1.111. This level is chosen based on its historical significance as a point where price action may stall or reverse.
Short
by DNP-FX