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British Pound / Swiss Franc

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GBPCHF trade ideas

GBPCHF: CPI Data Can Push GBPCHF Down TodayGBPCHF: CPI Data Can Push GBPCHF Down Today GBPCHF reached 1.1680 and after the price completed a type of ABC pattern we can see a quick sell-off. Considering how quickly it moved down the chances are that it was the first impulsive wave and we can see another wave down. I was expecting for a bigger correction after this move but as long as we have the Swiss CPI data today they can push the price down further. However, this bearish wave can happen if the SNB CPI data will come in higher than the previous month. The CPI data for March came in 1.4%. 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
3
GBP/CHFYou can see from the daily time that the price is only about 50 pips away from the support that was formed on April 22. The price range of 1.12540 used to be a very good resistance, but finally this price was broken and the price rose to 1.1700. has continued,  then considering that the price is making a correction, we expect the price to rise to the range of 1.1200 and 1.1240,  then in the support area that you see in the chart, the possibility of incresed the price to the 1.1600.
Long
by JBKONLINETRADING
Heading into 50% Fibonacci resistance?GBP/CHF is rising towards a resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.13675 Why we like it: There is a pullback resistance level which aligns with he 50% Fibonacci retracement. Stop loss: 1.14435 Why we like it: There is a pullback resistance level. Take profit: 1.12186 Why we like it: There is a pullback support level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets
GBPCHF tries to find resistance after recoveryPOUND STERLING OANDA:GBPCHF ANALYSIS - Enough US data to go around this week: ADP, services PMI and NFP - GBP/CHF attempts to find resistance as the pair recovers from overbought territory THERE’S ENOUGH US DATA TO GO AROUND THIS WEEK There is a lack of UK data this week, but it shouldn't be ignored for sterling-related pairs. FX movements increased in Q1 and central banks are now considering interest rate cuts. The question is when will they have the confidence to start. In contrast, US data has been plentiful. ADP data added to the strength seen in the job market. US services PMI data contributed to the dollar's short-term pullback after declines in "new orders" and "prices" in March, resulting in a moderate headline reading of 51.4. There is significant Fed speak today, with Jerome Powell standing out. OANDA:GBPCHF ATTEMPTS TO FIND RESISTANCE AS THE PAIR RECOVERS FROM OVERBOUGHT TERRITORY Now that the Swiss National Bank (SNB) surprised markets with a 25 basis point cut in March, the Swiss Franc appears vulnerable. However, since the SNB meeting, GBP/CHF has failed to trade above the March 21st high, witnessing long upper wicks which ultimately fell short of the mark. The pair also attempts to recover from overbought territory and so there may be room for a shorter-term pullback should bears pile in from here. The gold overlay is the yield differential for the pair (GB 10 year bond yield -Swiss 10 year yield) and has helped, to some degree, explain the path of the pair. Support sits at the recent swing low around 1.1345 with resistance at 1.1487.
by Xayah_trading
GBPCHF I Approaching strong weekly reversal pointWelcome 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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Long
by BKTradingAcademy
2