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Here is our technical analysis on GBPCHF .
The level where the price is trading right now is major
and the price will most likely bounce from that.
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We will go into the deep analysis of a total of 8 Forex pairs in this idea.
#EURUSD - This pair should go higher on 4Hr and can fake resistance at 1.17663 with Buy Signal on 4Hr TF.
#USDJPY - This pair have generated a buy Signal already and is above 144 EMA - It's a Bullish with a price target of 110.077
#GBPCHF - GBP this morning tweaking in comparison to CHF...
The Swiss National Bank Sight Deposit Interest Rate is predicted at -0.75%. Forex traders can compare this to the previous Swiss National Bank Sight Deposit Interest Rate, reported at -0.75%. Traders should monitor the press release following the announcement for clues about potential changes to monetary policy and the inflation outlook.
The UK Markit/CIPS...
FUNDAMENTAL BIAS: BULLISH
1. Virus Situation
The successful vaccination program has allowed the UK to open up faster and sooner than peers & provides a favourable environment for GBP.
2. The Monetary Policy outlook for the BOE
The BoE meeting on 5 August provided a flurry of comments with something for both the doves and the hawks. The QE vote split was...
We consider buying this GBPCHF pair because of a strong support below. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely. Thank you for following me on tradingview.
According to the chart, I identified a channel daily within which the pair seems having triggered a rebound on its bottom line around 1.2560.
In this context, I decided to place a long order around 1.2595 with a stop loss below the last lower at 1.2560.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Trade details for current trade are shown on the chart.
I have been in this trade since 2:30 am UK time.
That's the bonus of automating strategies you never miss a trade.
We are working the 15M time frame on this strategy.
We're looking for the green line which is take profit target.
Little red short arrow is entry point and purple line is stop loss.
Price is currently consolidating, trading between resistance level at 1.28 and found support on major trendline at 1.25 level. The trendline we've found support on hasn't been broken since November 2015, so a good and strong bullish move. Strong level of support can be found on this trendline, retested several times. Unlike last time we've broken this trendline...
Pair Name : GBPCHF
TimeFrame : 4Hrs
Direction : Short
Type : Swing
Target Range : 180 Pips
Vip opportunity Hit Target 1 +60 pips gain
Hold for more downside
Neat and clean chart with clear setup, no junk on...
We consider selling this GBPCHF pair because of a strong resistance above. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely. Thank you for following me on tradingview.
• Price broke out of its bigger channel – 90% chance of it coming all the way to the downside
• Bearish impulsive move and a correction – next impulse is likely to bearish
• Correctly in corrective state which creates a bearish flag (a small channel)
• Price is at the top of the smaller channel