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GBP-CHF

GPBCHF approaching resistance, potential drop! Price is approaching our first resistance at 1.3160 (horizontal pullback resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension, short term descending resistance line) and might potentially drop to our major support at 1.2987 (horizontal swing low support, 61.8% Fibonacci extension). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by ICmarkets
1
GBP/CHF short setupBritish Pound under selling pressure after UK’s inflation figures failed to meet expectations. UK headline CPI rose at an annualized 2.4% y/y missing forecasts at 2.6%. Core CPI fell to 1.9% y/y. Poor inflation figures could pour cold water over expectations of a rate hike by the Bank of England at its August meeting. GBP/CHF is extending weakness after break below 21-EMA. Technical indicators on daily charts have turned bearish. Stochs and RSI are sharply lower. Price is hovering around strong trendline support at 1.3050. Break below to see further weakness. Watch out for break below 1.3050 for further weakness, target 1.3025/ 1.30/ 1.2975
Short
by FxWirePro
2
GPBCHF is approaching support, potential bounce!GPBCHF is approaching our first support at 1.3021 (horizontal swing low support, 100% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 1.3168 (horizontal overlap resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching support and a bounce off this level might see a corresponding rise 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 easyMarkets
GBPCHF approaching support, potential bounce! Price is approaching our first support at 1.3023 (horizontal swing low support, 38.2% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1.3270 (horizontal swing high resistance, 100% Fibonacci extension). Stochastic (55,5,3) is also approaching our major support where a bounce off this level might see a corresponding rise 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
GBPCHF approaching resistance, potential drop! GBPCHF is approaching our first resistance at 1.3270 (horizontal swing high resistance, 100% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 1.3063 (horizontal swing low support, 38.2% Fibonacci retracement, 100% Fibonacci extension). Stochastic (89,5,3) is also reacting off our resistance and 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.
Short
by easyMarkets
GBP/CHF - stay long on breakout at 1.3265GBP/CHF upside remains capped at major trendline resistance at 1.3265. Break above could take the pair higher. Price action has broken above 200-DMA at 1.3231, but is struggling to extend gains above. Technical indicators are bullish on the daily chart. Momentum bullish, RSI above 50. Breakout at major trendline resistance at 1.3265 could see test of 38.2% Fib at 1.3241. Retrace below 200-DMA could invalidate the bullish bais. Support levels - 1.3231 (200-DMA), 1.3210 (5-DMA), 1.3167 (21-EMA) Resistance levels - 1.3265 (trendline), 1.33, 1.3329 (100-DMA) Good to go long on breakout above trendline at 1.3265, SL: 1.3230, TP: 1.33/ 1.3340/ 1.34.
Long
by FxWirePro
GBPCHF - SETUP - WEEKLY CONTINUATION - 28 JUNEWELCOME TO DACAPITAL TRADING!! GBPCHF just started moving as expected, quick Timeframe breakdown for free and everybody. 4 HOUR Slow bearish movement for now but we formed new lows. DAILY Market was considering last two weeks but is on right direction now. WEEKLY Overall very bearish with only 2 small bullish Candle overall in the last whole Wave LEVELS SHORT @ 1.30620 SL @ 1.30855 TP1 @ 1.30370 TP2 @ 1.30250 TP3 @ 1.30144 Weekly trend continuation, move SL to BE if TP1 hit and close partial Profits at every TP Level.! Enjoy our limited Free Content and Setups, leave us a like and Comment!! DACAPITAL TRADING
Short
by DACapitalTrading
GBP/CHF 1H Chart: Triangle reaches maturityThe Sterling has been trading sideways against the Swiss Franc since late May, as it failed to depreciate after breaching a one-year senior channel to the downside. In addition, this movement has been stranded in an ascending triangle pattern with the lower boundary being a trend-line and the upper one—the 1.3266 mark. Given that this pattern was entered from above, a breakout should occur southwards and subsequently be followed by a decline. The maturity of this pattern suggests that this breakout should occur in the nearest time. A possible short-term target for the following week in this bearish scenario is the weekly S3 and the 50.0% Fibonacci retracement at 1.3032. Conversely, an upside breakout of the 55– and 100-period (4H) SMAs at 1.32 should result in a surge up to the 200-period SMA and the monthly R1 at 1.35.
Short
by UnknownUnicorn890690
GBP/CHF breaks 200-DMA, stay shortTechnical Analysis: Bias Bearish - Price breaks below 200-DMA at 1.3156 - Recovery attempts rejected at 5-DMA at 1.3185 - Momentum indicators show highly bearish bias - RSI well below 30 levels shows bearish bias - MACD below zero, biased lower and we see -ve DMI dominance Support levels - 1.3038 (50% Fib), 1.2955 (Nov 15 low), 1.2845 (61.8% Fib) Resistance levels - 1.3160 (200-DMA), 1.3185 (5-DMA), 1.3231 (38.2% Fib) Good to go short, SL: 1.3185, TP: 1.3040/ 1.30/ 1.2955/ 1.29/ 1.2845
Short
by FxWirePro
GBP/CHF 1H Chart: Sterling approaches senior channelThe Sterling began depreciating against the Swiss Franc after reaching a two-year high of 1.3850 mid-April. During the past two weeks, this depreciation accelerated in strength and the pair consequently fell 2.90% until the 1.3150 mark. It is possible that the pair still edges lower down to this barrier, likewise supported by the monthly S2, within the following trading days. This scenario is supported by daily technical indicators. Subsequently, the Sterling should respect this senior channel and thus reverse near 1.3150. A possible upside target within the following two weeks is the 61.8% Fibo retracement and a medium-term channel at 1.3550.
by UnknownUnicorn890690
GBPCHF is testing resistance, potential reversal!GBPCHF is approaching its resistance at 1.3641 (61.8% Fibonacci extension, 50% & 38.2% Fibonacci retracement, horizontal overlap resistance) price could potentially react off and fall to its support at 1.3447 (38.2% Fibonacci retracement, horizontal overlap support). We do have to be cautious of the intermediate support at 1.3511 (horizontal swing low support). Stochastic (55, 5, 3) is approaching resistance at 96% where a corresponding reaction is expected. A bearish divergence with price was also identified which contributes to our bearish bias.
Short
by ICmarkets
GBPCHF Is Approaching Resistance, Prepare For A ReversalSell below 1.3641. Stop loss 1.3702. Take profit at 1.34775. Reason for the trading strategy (technically): GBPCHF is approaching its resistance at 1.3641 (61.8% Fibonacci extension, 50% & 38.2% Fibonacci retracement, horizontal overlap resistance) where we expect prices to drop to its support at 1.3447 (38.2% Fibonacci retracement, horizontal overlap support). We do have to be cautious of the intermediate support at 1.3511 (horizontal swing low support). Stochastic (55, 5, 3) is approaching resistance at 96% where a corresponding reaction is expected. A bearish divergence with price was also identified which contributes to our bearish bias.
Short
by theforexarmy