Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.3196). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPCHF is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support....
The GBP/CHF pair is currently in a rising wedge pattern. The pair is currently at its resistance zone. Hence we expect the pair to move to the levels of 1.31115 from here
Risk Disclosures: Investments in securities are subject to market risks, which includes price fluctuation risk. There is no assurance or guarantee that the objectives of any of the products mentioned in this document will be achieved. As a business, we offer stock recommendations based on technical research ONLY. We have not authorized any organization or...
Entry :- Market Price Stop Loss :- 1.27355 Target 1 :- 1.30300 Target 2 :- 1.31200
Trade: As long as 1.2600 is support look for 1.2770 and 1.2890. Day Ahead: www.keytomarkets.com We see few important Central Bank policy meetings includes Swiss Nation Bank and Norges Bank. We expect SNB to remain on hold, whereas the Norges Bank is likely to deliver first rate hike in seven years from 0.50% to 0.75%. With the recent NOK strength, we believe...
From our analysis, it seems the pair breached out of the bearish channel consolidating around the Murrey math 4/8 level so it is expected to go up and reach the 6/8 MM line
GBP can be the best trade starting from 4th may . It can be most effective to "GBPCHF,EURGBP,GBPNZD,GBPCAD and GBPAUD." JPY can also be the best trade starting from 4th may . It can be most effective to"EURJPY,CADJPY,AUDJPY,CHFJPY and NZDJPY."
AB is a Range confirmed by pivots 'CDEF'. As HTF bias is to the upside the price is likely to break the range resistance and continue to move up. Green line: represents rejection or unacceptance of break of range boundaries Orange line: represents acceptance of break of range boundaries Trades can be taken one the pullbacks.
Creates head and shoulders pattern on 1 hour time frame. If Break and close above Yellow Line >> Buy.