Credit Agricole CIB Research likes long GBP/CHF exposure on the prospect of a Brexit EU-UK trade deal targeting a move towards 1.25. "Our central case remains that a ‘bare -bones’ Free Trade Agreement (FTA) will be agreed between the UK and the EU. We continue to think that a trade deal is in the best interest of both the EU and the UK," CACIB notes....
This is a follow up on our previous analysis. From our previous analysis, we managed to sell from the top with a perfect profit. As of now, I am seeing price heading to 61.8 fib level. This will be an interesting level to see a BULLISH retracement after the fall. I will expect to see a retracement movement till 38.2 fib level as of now. If we see a clean rejection...
Looking for this pair to continue to the upside after a brief retracement period!
GBPCHF - Intraday - We look to Buy a break Daily signals are mildly bullish. We are trading within a Bullish Ascending Triangle formation. Pivot resistance is at 1.2204. A break of yesterdays high would confirm bullish momentum. Trading within a Bullish Channel formation. Our profit targets will be 1.2288 and 1.2318 Resistance: 1.2170 / 1.2200 /...
GBPCHF - Intraday - We look to Buy a break Daily signals are mildly bullish. 50-hour EMA is at 1.1996. We look for gains to be extended today. Our bias remains bullish and further upside is expected to target resistance at 1.2160. We can see no technical reason for a change of trend. Our profit targets will be 1.2159 and 1.2188 Resistance: 1.2090 / 1.2130 /...
Two long entries upon completion of Head n shoulder on gbpjpy. Not sure how far up it could go until reactions at key levels. FX:GBPCHF
GBPCHF has been moving as expected thus far. Big movers (banks) appear to be taking profit on their buy orders and have potentially begun acquiring buy orders. To verify this info I would look for a push down due to a lack in volume and too high orders that force market down. From here we will see what they plan to do. A move further down would below lower...
Clear pennant + upward breakout structure on H4 timeframe, can expect price to continue bullish momentum in the short term
Welcome to our weekly trade setup ( GBPCHF )! - 1 HOUR Very bullish price action! 4 HOUR Price closed above main sr level. DAILY Expecting further upside movement.. - FOREX SWING BUY GBPCHF ENTRY LEVEL @ 1.18600 SL @ 1.18000 TP @ 1.19400 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep...