GBP/CHF Poised for a Bullish Wave
At the beginning of August, GBP/CHF completed a bullish harmonic pattern at the 1.0740 level. Since then, the pair has been on a steady upward trajectory.
Over the past couple of weeks, GBP/CHF has been accumulating.
Today, following the release of the SNB’s CPI and GDP data, GBP/CHF has begun to show increased bullish momentum.
As indicated on the chart, the targets for GBP/CHF in September are 1.1320, 1.1490, and 1.1660.
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CHF Gross Domestic Product (QoQ) (Q2)
Actual 0.7 %
Expected 0.5%
Previous 0.5%
CHF Gross Domestic Product (YoY) (Q2)
Actual 1.8 %
Previous 0.6%
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CHF Consumer Price Index (MoM) (Aug)
Actual 0%
Expected 0.1%
Previous -0.2%
CHF Consumer Price Index (YoY) (Aug)
Actual 1.1%
Expected 1.2%
Previous 1.3%
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
At the beginning of August, GBP/CHF completed a bullish harmonic pattern at the 1.0740 level. Since then, the pair has been on a steady upward trajectory.
Over the past couple of weeks, GBP/CHF has been accumulating.
Today, following the release of the SNB’s CPI and GDP data, GBP/CHF has begun to show increased bullish momentum.
As indicated on the chart, the targets for GBP/CHF in September are 1.1320, 1.1490, and 1.1660.
------------------------------------------------------------------
CHF Gross Domestic Product (QoQ) (Q2)
Actual 0.7 %
Expected 0.5%
Previous 0.5%
CHF Gross Domestic Product (YoY) (Q2)
Actual 1.8 %
Previous 0.6%
------------------------------------------------------------------
CHF Consumer Price Index (MoM) (Aug)
Actual 0%
Expected 0.1%
Previous -0.2%
CHF Consumer Price Index (YoY) (Aug)
Actual 1.1%
Expected 1.2%
Previous 1.3%
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Trade closed: target reached
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youtube.com/@TradingPuzzles
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.