Dear traders!
Here is my idea on the GBP/CHF pair over the coming period of time.
Technical analysis:
As we can see GBP/CHF pair is on the uptrend since the end of December. The price is near the trendline however it has two supports from 50 day EMA and fibo 0.236. Considering these two supports as strong ones the price may test the upper resistant level where the price noted local highs.
Fundamental analysis:
When it comes to fundamentals we, of course, should look at the coronavirus development especially in the UK, and economic news from these two countries. On Monday w expect the chairman of the Bank of England to speak (watch out).
Feel free to comment, give your thoughts. Would appreciate it if you like it! (my first published analysis :) )
Disclaimer!
This post does not provide financial advice. Always do your own analysis. Be aware that only you are responsible for your trades. Trade safe and keep in mind the risk!
Here is my idea on the GBP/CHF pair over the coming period of time.
Technical analysis:
As we can see GBP/CHF pair is on the uptrend since the end of December. The price is near the trendline however it has two supports from 50 day EMA and fibo 0.236. Considering these two supports as strong ones the price may test the upper resistant level where the price noted local highs.
Fundamental analysis:
When it comes to fundamentals we, of course, should look at the coronavirus development especially in the UK, and economic news from these two countries. On Monday w expect the chairman of the Bank of England to speak (watch out).
Feel free to comment, give your thoughts. Would appreciate it if you like it! (my first published analysis :) )
Disclaimer!
This post does not provide financial advice. Always do your own analysis. Be aware that only you are responsible for your trades. Trade safe and keep in mind the risk!