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SWISS FRANC / BRITISH POUND

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CHFGBP trade ideas

Great British Peso - A star is born🟢 I'm going long GBPCHF here at 1.07. 🟢 There were times when the GREAT British Pound was more true to its name than in these stormy weeks. GBP negative: The pound has taken a few knocks in these weeks: ➡️- GDP was recently much weaker (-0.3) than expected (0.0) ➡️- At 0.4, industrial production also surprised negatively in relation to expectations ➡️- However, the significantly weaker labour data recently, in which bonus payments in particular surprised to the downside, is even worse and raises one question in particular: 🏛🇬🇧Will the BOE actually cut interest rates so much later than their friends at the FED and ECB? This can certainly be doubted. The neighbours from the European Union in particular are making a name for themselves with similarly cruel data as in the UK, but the islanders do have something over the mainland. And that brings us to the positives. GBP positive: ✅️ ➡️🟢The PMIs in the UK have recently surprised on the upside and so there is light at the end of the tunnel, in contrast to the European counterpart, which has only surprised with more and more negative PMIs ➡️🟢Although wage pressure is falling, it remains high by international standards ➡️📊🔮 There are signs of a recovery in both retail sales and GDP for 2024 Conclusion: The outlook for the pound is beginning to brighten, even if the labour market will continue to weaken and there are likely to be some setbacks here I have already commented in detail on the outlook for the CHF in the following trade ideas:
Long
by PrimeTrading
10
Time To Sell At 1.15??There has been no stopping the bulls on this pair since it made the lows at the end of last year towards the 1.06 area. Its took the exact path I planned out in the idea that I posted in October last year dropping down towards 1.06 before rallying back up towards 1.15 (read related idea below) So what next for this pair ?? Given the extent of the rally and the fact we are now approaching a key resistance area @ 1.15 I'd say a short term sell off is on the cards from here. The daily chart shows this resistance a lot clearer in fact before that breakdown towards 1.06 price had been stuck in a range between 1.10 and 1.15 for quite some time with sellers stepping in every time 1.15 was hit. If we zoom into the lower 4HR chart there is clear slowing of momentum occurring as price approaches 1.15 with every pop higher getting quickly sold of. Too me this is a clear sign that sellers are starting to position themselves into selling positions and buyers are profit taking anticipating a move down from 1.15. I will be looking for sell signals on my TRFX indicating as we hit the 1.15 level targets for this positions will be the newly created weekly DEMAND/BUY zone around 1.12 and we may even get a deeper correction down towards 1.10. I would expect buyers to start buying again at these levels and if there is a clear break and close above the 1.15 level then a move up to the 1.21 Monthly SUPPLY/SELL zone is highly possible. Though before this occurs I expect a sell off first. Hope you enjoyed the read let me know your thoughts below.
Short
by TheFxAce
12
GBPCHF Technical Analysis! SELL! My dear followers, This is my opinion on the GBPCHF next move: The asset is approaching an important pivot point 1.1451 Bias - Bearish Safe Stop Loss - 1. 1476 Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 1.1399 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
What to expect from GBPCHF pairOANDA:GBPCHF have had a 3 month impressive run which has led to the breakout from key resistance level at 1.106 region, and currently on a major supply zone of 1.14600 Expecting a reversal at 1.4600 to test previous breakout zone 1.1000 Scenario 2: if by strength it moves higher, then 1.164 should send it back to 1.100 region. As this will cut across all CHF major pairs like FX:USDCHF and FX:CADCHF Nevertheless, it is important you approach the market with proper risk management. Have a blast.
Short
by FX_WAVE
1
GBPCHF Trading Opportunity! SELL! My dear friends, Please, find my technical outlook for GBPCHF below: The instrument tests an important psychological level 1.1470 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.1405 Recommended Stop Loss - 1.1502 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
2