My dear friends,
Please, find my technical outlook for GBPCHF below:
The instrument tests an important psychological level 1.1365
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.1307
About Used Indicators:
Super-trend indicator...
Hello,Friends!
We are going long on the GBP/CHF with the target of 1.145 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band.However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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Weekly timeframe
Price has massive rejection with wick on top so we could see price retrace to 31.8% fib as it broke the structure
H4 Timeframe
Price has broken the wedge to the downside and now the price has retraced to the 61.8% fib level and we see weakness on momentum to upside, so price is forming downward trend so we shall see a continuation to fill...
The price is rising toward a resistance level, which is an overlap resistance that aligns with the 50% Fibonacci retracement; it could reverse from this level to our take profit.
Entry: 1.13236
Why we like it:
There is an overlap resistance level which aligns with the 50% Fibonacci retracement.
Stop loss: 1.14028
Why we like it:
There is a pullback resistance...
My dear friends,
Please, find my technical outlook for GBPCHF below:
The price is coiling around a solid key level - 1.1315
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.1376
Safe Stop Loss - 1.1279
About Used Indicators:
The...
Pair Name : GBP/CHF
🗨Time Frame : 4hrs Chart / Close
➕Scale Type : Large Scale
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🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
✔️ Key Technical / Direction ( Short )
Type : Mid Term Swing
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Bearish Break...
Hello traders, GBP/CHF is approaching a multi-week resistance zone from where
price could potentially fall 200+ pips.
This zone has has worked as a strong resistance in the past, and if there is bearish
price action in this zone, traders can consider selling GBPCHF@1.1480-1.1525
with Stop Loss above the 1.1550 level and TP at 1.13
Attention Traders,
In today's trading session, our focus is on GBPCHF, where we're eyeing a potential selling opportunity around the 1.13700 zone. GBPCHF remains entrenched in a downtrend and is currently undergoing a correction phase, approaching the critical support and resistance area at 1.13700.
Adding depth to our analysis, it's crucial to consider the...
My dear followers,
I analysed this chart on GBPCHF and concluded the following:
The market is trading on 1.1368 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.1425
Safe Stop Loss - 1.1326
About Used Indicators:
A super-trend indicator is plotted on either above or...
✅GBP_CHF broke the rising
Support then made a retest
And is going down again
So we are bearish biased
And we will be expecting
A further move down
SHORT🔥
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Here I witnessed a clear breakout and pullback on the major structure of the bullish channel on this pair. If the pullback formation here creates enough volume for another downward shift, then we may see a further decline toward the 38%-50% fib region.
According to Pullback from R level (1.14800)
According to Fibo Retracement
According to Divergence on CCI
According to Weakness (Possible three top reversal pattern) beacuse Pric Below Level of 100 on CCI
Please, check our technical outlook for GBPCHF.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.140.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.144 level.
P.S
Overbought describes a period of...
✅GBP_CHF is trading in an uptrend
Along the rising support line
Which makes me bullish biased
And the pair is already making
A bullish rebound from the support
So a further move up is expected
LONG🚀
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POUND 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...
