The GBPCHF pair is showing a bullish divergence on both the MACD and RSI, therefore a long trade is active.
Fundamentals are neutral. Both pairs are geographically close to the Ukraine conflict. The Swiss Franc safe haven status gives it a slight advantage in these troubled times but the UK central bank is probably going into a more hawkish stance. Meanwhile, the Swiss central bank isn't too comfortable with a very strong currency.
Fundamentals are neutral. Both pairs are geographically close to the Ukraine conflict. The Swiss Franc safe haven status gives it a slight advantage in these troubled times but the UK central bank is probably going into a more hawkish stance. Meanwhile, the Swiss central bank isn't too comfortable with a very strong currency.
Trade closed: target reached