Get started

Gbpchflong

GBPCHF 1:5 Risk Reward LONG (Potential Setup)Fundamentals: LogicStrategy Quant scores shifting in favour of GBP, compared to the weak score provided for CHF. - This was following the recent decrease in unemployment in the UK down to 3.8% from 3.9%. - CHF PPI dropping significantly to 0% with a forecast of 0.2% - CHF retail sales dropped significantly this month, down to -0.7% - SVME PMI down for CHF to 48.5 with a forecast for 51 All signs showing the safe haven CHF is overvalued and requires a correction whereas GBP has started to gain strength amidst brexit negotiations being extended. Technicals: - Waiting for any long confirmation signals before considering an entry - still to early in terms of technicals - Would like to see 4HR higher highs, buying power candle stick confirmations etc..
Long
by Eren_Jaeger_Trader
7
GBPCHF reversed off key resistance, potential for further drop!Price is facing bearish pressure from our first resistance (horizontal overlap resistance, 61.8% fibonacci retracement, 61.8% Fibonacci extension) and Ichimoku cloud where we can expect a further drop to our major support level (horizontal swing low support, 61.8% fibonacci extension). RSI is also seeing a bearish exit. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by easyMarkets
GBPCHF approaching support, potential bounce!GBPCHF is approaching our first support at 1.2852 (horizontal swing low support, 50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level to our major resistance at 1.3193 (horizontal swing high resistance, 61.8% Fibonacci retracement). Stochastic is also approaching support. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by easyMarkets
GBPCHF approaching support, potential bounce! GBPCHF is approaching our first support at 1.2852 (horizontal swing low support, 61.8% fibonacci extension, 50% fibonacci retracement) where a strong bounce might occur above this level to our first major resistance at 1.3057 (horizontal pullback resistance, 38.2% fibonacci retracement). Stochastic (34,,53) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
1
GBP/CHF hits 1-year high The GBP/CHF currency pair on the daily time frame has been following an uptrend recently. The pair hits 1-year high of 1.34225 on 13 March. After reaching 1-year high, the currency pair experienced some selling pressure from the bears but managed to hold the key support level of 1.30644. The price action in the GBP/CHF is mainly driven by the strength in the Pound Sterling due to recent Brexit developments. As of writing, the price is hovering around 1.33096, MACD (Moving Average Convergence Divergence) above zero and the price above 200-period moving average supports the bullish sentiment in the GBP/CHF. The daily chart of the GBP/CHF confirms the positive sentiment in the price movement as the pair is making successively higher tops and higher bottoms. By applying Oscillators analysis, all three indicators confirm the positive bias in the market. As the chart shows, price is well above the 200-period Moving Average. The MACD (Moving Average Convergence/Divergence) is recording values above the zero-line which shows positive sentiment in the GBP/CHF. RSI (Relative Strength Index) showing values above 50 which supports the bullish sentiment in the market. Price action is looking strong to register another high in coming days. In alternative scenario, key support level lies at 1.30644, if price breaks below this level, only then bears can push the price lower.
Long
by FXTM
GBPCHF approaching support, potential bounce! GBPCHF is approaching our first support at 1.3125 (horizontal overlap support, 38.2% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 1.3281 (horizontal swing high resistance, 76.4% Fibonacci retracement). Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
GBPCHF. Another chance to Buy. Trading Criteria: Regardless which way you want to trade, look for minimum five 4hr. candles in consolidation zones (yellow border boxes), or five daily candles for solid yellow boxes. If you're a pattern trader or pinbar trader, this might be useful here. Wait for a significant breakout of the 4hr. consolidation or daily consolidation from red border boxes to take the trade. Red border boxes are the High/Low of a consolidation period inside the consolidation zone. I usually aim for 80% of the weekly ATR (or monthly ATR for yellow solid boxes) taking profit but not always at the next yellow box. I place my stop loss above/below red border box. *These zones, with the inclusion of price action described above, have remarkable accuracy. Yellow border box: weekly consolidation zone Yellow solid box: monthly consolidation zone Red border box: High/Low breakout box (5 minimum candles) Grey solid box: monthly grid block
Long
by ComteSt.Germain
[Signal] GBPCHF: Delayed Brexit is Positive? Nahh..GBPCHF Timeframe: 1D Direction: Short Confluences for Trade: - Stochastic Overbought momentum (1D, H4, H1) - Price action at Resistance of Parallel Channel - Price action close to Another Horizontal Resistance Trendline - Widening gap of EMA - Fundamentally, uncomfortable to hold a Long GBP position because of Brexit uncertainty; to us, a delay in Brexit transition is still going to be bad for the UK economy as corporates are not going to do any capital expenditure to improve GDP. Suggested Trade: Entry @ Area of Interest 1.3045 - 1.3165 SL: 1.3309 TP: 1.2602 RR: Approx. 2.56 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Short
by weekendanalyst