It seems that last few weeks market loves AUD, NZD, CAD and EUR but not that much CHF. MACD is showing obvious bullish development and this could be the first setup to fill alt bat at 1.31766. As patterns may evolve in time I wont be surprised if another one appears with different targeting so I`ll update idea as it comes.
GBP/CHF looks really interesting on D1 chart. Since October last year, we have a weak but regular bullish trend indicated mostly by higher and higher lows. There is currently an attempt to initiate a larger bullish movement after reflection from local support.
The upswings began when losses reached similar range as the previous supply wave. Attempts to break...
Political uncertainty can move the pair down during election day in GB to the 1.245-1.24 area (watch out for fakeouts). This would retest the broken trendline resistance (light blue) and also tests the trend support zone (light green zone).
Looking at the GBPCHF pair we can see the pair are at the bottom of the trading range the pair have been in for some time now. Looking at the price action, we can also see that although the pair have made lower low's, the MACD & AO does not support these move's. I will be looking to enter long on the pair when I se a break above, close above the trend line.
Two days ago, we've seen the Great Britain Pound rise towards all of its pairs due to the decline of the Dollar... except from the Swiss Franc.
After my re-analysis of this pair (see my previous analysis at my Link to Related Ideas), I've seen another trend line on play at daily. Despite the ongoing ascending trend line , there is still a trend line on 4-hour...
Hi guys,
after catching the big fall here (see attached analysis) today i want to show you both the charts i'm using just to give you a better perspective on how i look at markets. On the left hand side you can see the daily chart and price came back to retest a former resistance that should now become support. Why am i supposing this? This is the principle...
Hi guys,
after catching the big fall here (see attached analysis) today i want to show you both the charts i'm using just to give you a better perspective on how i look at markets. On the left hand side you can see the daily chart and price came back to retest a former resistance that should now become support. Why am i supposing this? This is the principle behind...
This pair has broken above the 200 day MA - and really, I firmly believe that the Brexit overall us going to be good for the pound in the long run. As long as this pair remains above the 200 day moving average now, and doesn't break below 1.42700 I'll be holding long term.
If you would like to get some more analysis and some signals you can always get them...
Extremely complex technical picture on GBPCHF with price straddling the daily candle and trendlines above and below.
SELL below 1.2454
BUY above 1.2544
(see GBP/USD for further analysis)
