Thread: Gbp/Chf
If a M15 close above 1.1818 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.1700 sell only and do not buy. If price closes back above it again do nothing
The range 1.1818 and 1.1700 is neutral area, any trade done in between is personal decision and not part of this analysis
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A failed attempt to breach above the 38.2% Fibonacci extension at 1.3190 today supports this view and accordingly our bias on the pair remains weighted to the downside.
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With the pair remaining in the encompassing channel formation and recent strength in the swissie, today’s scalp once again targets the downside as ongoing concerns regarding the US debt debate see haven flows diverted from the dollar into the swissie and the yen.
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the pair and as we can see from the chart has closed it's daily candle under the level of 1.2400 , so , that's mean the down trend is still standing and the pair is heading to 1.2270 then 1.2240
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A failed attempt to breach above the 38.2% Fibonacci extension at 1.3190 today supports this view and accordingly our bias on the pair remains weighted to the downside.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
the pair and as we can see from the chart is trading now above the level of 1.2400 , so when ever the pair success in breaking 1.2400 , that's mean the down trend will be assured and the pair might head to 1.2370 and then 1.2340
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Abubakar 148 (2020-09-10)
GBP/CHF rose on Wednesday, slamming right up to the 1.34 area. This area has been firm support recently, and was also the top of the recent gap area.
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GBP/CHF was trading at 1.2507, down 0.58% at time of writing.
The pair was likely to find support at 1.2368, Thursday’s low, and resistance at 1.2766, Wednesday’s high.
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After refreshing all-time highs the GBP/CHF finally started a correction. During yesterday’s trading day the currency pair rate returned to the 1.3200 level.
In a 4-hour timeframe the bulls even tried to break into the Tenkan-Kijun channel, however they did not manage to do it yet as the bears are still putting pressure.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Abubakar 148 (2020-07-26)
the stocks and Euro higher supported on stronger than expected PMI data. July Services PMI jumped to 55.4 vs. 53.9 previously. GBP/CHF surged with the Swiss intervention
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Abubakar 148 (2020-09-08)
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