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British Pound / Swiss Franc

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GBPCHF trade ideas

Sterling WedgeGBPCHF has entered a significant wedge pattern. Twice off the top and twice off the bottom. Price is hovering around the 50MAV after breaking a minor 4 day consolidation. The last swing to the downside was 16 candles. The current is 7 candles. Net equation would say in the next 7-9 daily candles, the pair may again test the supporting trendline. Momentum is waning on the pair and sits below 50. Below 1.1460 the next targets are 1. Prior swing point and now support at 1.1350 2. 200 MAV - 1.1305 3. Trendline - 1.1275 It should be in 5 waves, and mirror image the preceding run to the upside.
Short
by Umlingo
GBP/CHF: A Long Position Worth ConsideringFundamental Analysis Economic and Geopolitical Factors Interest Rate Differentials: The Bank of England (BoE) is set to raise rates to 4.75% as inflation remains high, while the Swiss National Bank (SNB) has recently cut interest rates and may continue to loosen monetary policy . This interest rate differential favors the British Pound over the Swiss Franc, supporting a long position. Market Sentiment and Risk Appetite: The British Pound is considered a riskier asset compared to the Swiss Franc. As long as there is significant risk appetite in the market, the GBP/CHF pair could rally . The majority of traders have been long on this market, indicating bullish sentiment . Daily Payout Advantage: Buying the Pound against the Franc means that traders get paid at the end of the session every day, which adds up over the longer term . This daily payout provides an additional incentive to hold a long position. Long-Term Outlook Potential for Higher Targets: Given enough time, the market is likely to aim for higher levels, potentially reaching the 1.20 level . This long-term bullish outlook supports the rationale for targeting 1.1650 as an intermediate step. Support and Resistance Levels Key Resistance at 1.1650: The 1.1650 level is identified as a significant resistance level. Breaking above this level could open the door for further gains, making it a rational target for a long position . This level has been tested multiple times, indicating its importance in the current market structure. Support Levels and Entry Points: The pair has strong support near the 1.13 level, which has been a reliable floor for the price . Additionally, the 1.15 level is a significant resistance barrier, and breaking above it could lead to a move towards 1.1650 . These levels provide a clear roadmap for potential entry and exit points.
Long
by FtradeFXArabic
GBPCHF: The UK's Worst NightmareHere are some potential rationales to consider: Diverging Monetary Policies: The Bank of England (BoE) and the Swiss National Bank (SNB) have historically maintained different monetary policy stances. If there's a significant divergence in interest rate policies, with the BoE adopting a more dovish stance compared to the SNB, it could weaken the GBP relative to the CHF. Economic Outlook: A weaker economic outlook for the UK compared to Switzerland can put downward pressure on the GBP. Factors such as GDP growth, employment data, and inflation can influence currency values. Safe Haven Demand: The CHF is often perceived as a safe-haven currency. During periods of market uncertainty or geopolitical tensions, investors tend to seek refuge in CHF, which can strengthen it against the GBP. Technical Analysis: Technical indicators and chart patterns may suggest a potential downward trend for GBPCHF. However, technical analysis should be used in conjunction with fundamental analysis for a comprehensive perspective. Important Considerations: Geopolitical Factors: Events like Brexit, political instability, or trade disputes can significantly impact the GBP. Market Sentiment: Investor sentiment towards the UK and Swiss economies can influence currency values. Risk Management: Employ stop-loss and take-profit orders to manage risk.
Short
by FtradeFXArabic
Could price bounce from here?GBP/CHF is falling towards the support level, a pullback support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.13765 Why we like it: There is a pullback support that lines up with the 38.2% Fibonacci retracement. Stop loss: 1.13144 Why we like it: There is a pullback support level. Take profit: 1.14444 Why we like it: A pullback resistance level aligns with the 61.8% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
Bearish reversal?GBP/CHF is rising towards the pivot which acts as a pullback resistance and could potentially reverse to the 1st support which has been identified as an overlap support. Pivot: 1.14118 1st Support: 1.13158 1st Resistance: 1.14620 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
1
GBPCHF Swing BuysThis is my analysis of GBPCHF for this week. We have showed presence of bulls at my DAILY buying zone of interest and also received a BOS UP on the 1hr after some consolidation. I am looking for a simple B/R to tag me into the trade and go long from there. The EMA is also in our favour as it should hold price up. I am targeting the next DAILY zone of interest which is a selling zone where I will consider taking sells, again simple B/R. Entry : 1.13800 SL : 1.13500 (30 Pips) TP : 1.14700 (90 Pips) RR : 3:1 Safe Trading! :D
Long
by Kacperj01
GBPCHF My Opinion! BUY! My dear subscribers, This is my opinion on the GBPCHF next move: The instrument tests an important psychological level 1.1387 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.1476 My Stop Loss - 1.1317 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
2
Heading into 50% Fibonacci resistance?GBP/CHF is rising towards the pivot which is a pullback resistance and could reverse from this level to the 1st support which also acts as an overlap support. Pivot: 1.1411 1st Support: 1.1315 1st Resistance: 1.1462 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets