GBPCHF makes nice break Out so possible to goes down and touch then next Support level.
GBPCHF Next possible Target 1.33800. Good luck
Hello Traders, So, today we check GBPCHF pair and from my view, it looks like there are more downsides than upsides from a technical point of view. While last week was GBP bearish as the candlestick shows, what is of interest is the way that GBP closed. As we can see, not only was there an over-extension to the upside but that inverted hammer is the seal of bears....
Is it a Bearish Wedge or is it 3 Rising Valleys? Look for the Breakout Buy or break below and small retest for a Short.
It seems GBP/CHF reached it's strong resistance price @ 1.34689. There is a good opportunity to retrace price until nearby support@ 1.32519.
GBPCHF is presenting us with a really good selling opportunity. Sell below 1.3434. Stop loss at 1.3522. Take profit at 1.3145. Reason for the trading strategy (technically): Price is testing major resistance at 1.3434 (Fibonacci extension, bearish harmonic formation) and a strong drop could occur from here to push prices all the way down to 1.3145 (Fibonacci...
going long here, i think we should test previous swing high here
Dear Traders and follower As per the corrective structure gbpchf will go down very sharp. i do not know what will happen fundamentally. but technically, there are lots of possibility to sell off. Lets see !!!!!!!!!! Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer: Trade at your own risk. Good Luck...!!...
GBP/CHF 1D Chart: Heads towards 55-day SMA The British Pound is simultaneously fluctuating against the Swiss Franc in three different patterns. The largest ascending channel started to form a year ago and nowadays consists of three reaction highs and two reaction lows. The medium ascending channel represents a fragment of the dominant formation and is lying...
Here I have analyzed an opportunity to take a short position on the GBP CHF currency pair due the the economic data soon to be released in France this morning. I have place my trade entry here at the 1.30750 level and we should have a selloff from this point on
With the release of the Rightmove House Price Index this morning showing falling house prices in the UK we still have no reason to be bullish on the Pound. GBPCHF has been in a strong downtrend of late, indicated by the lower lows and lower highs on our chart. We are looking at a very simple swing trading opportunity here by selling at the Weekly Central Pivot...
GBPCHF got its strength from CHF's weakness which is weaker than GBP. GBP also lost its strength but not so powerful to lose its total strength. GBP inflation and unemployment news released strong in last 2 weeks. This pair might see its retracement which stays 1.2550 band equals to fibbo %50 band. Might move upwards till 1.30 band which monthly Res holds and...
Our preference: rebound towards 1.2402 before a resumption of the decline. Alternative scenario: in excess of 1.2402, the GBP / CHF could go on 1.2439 and 1.2462. Comment: The RSI is greater than 50. The MACD is greater than its signal line and positive. In addition, prices are below their moving average 50 (1.2357) but above their moving average 20 (1.2343