Could GBP/AUD reverse from here?Price is rising towards the pivot and could potentially fall to the 1st support which has been identified as an overlap support.
Pivot: 1.13996
1st Support: 1.13163
1st Resistance: 1.14587
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.
CHFGBP trade ideas
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GBP/CHF BEARS ARE STRONG HERE|SHORT
Hello,Friends!
Bearish trend on GBP/CHF, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 1.130.
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GBPCHF-Bullish TrendThe pair has made some decent ground to prove its bullishness. After breaking from it dowtrend the pair made bullish divergence and made a clear uptrend. Those who missed it noe have the opportunity to ride. Good bullish candle at vital fib support level of 0.5 indicate the bulls are ready to charge again.
Trading Signal: GBPCHF Buy AlertDear Traders,
We have identified a promising Buy opportunity for the GBPCHF currency pair based on the advanced analysis conducted using the EASY Quantum Ai strategy.
Direction: Buy
Enter Price: 1.13594
Take Profit: 1.13803333
Stop Loss: 1.13241333
1. Technical Indicators: Our strategy has processed multiple technical indicators that suggest bullish momentum. Key indicators including the Moving Averages and RSI show favorable conditions for an upward movement.
2. Market Sentiment: Current market sentiment towards GBP is positive, spurred by strong economic data releases and geopolitical stability in the UK compared to other regions.
3. Volume Analysis: A recent uptick in trading volumes indicates growing interest and potential bullish trends in the GBPCHF pair.
4. Support and Resistance Levels: The enter price of 1.13594 has been identified as a strong support level, minimizing downside risk. The target price of 1.13803333 aligns with our projected resistance levels, ensuring a calculated exit.
5. Algorithmic Signals: The EASY Quantum Ai strategy, which integrates machine learning and quantum computing, has flagged this setup as high probability, reinforced by historical data patterns favoring upward movements.
Stick to the enter price, take profit, and stop loss levels given. Proper risk management will ensure optimal performance of this trading signal.
Happy Trading!
Best Regards,
Please note: Trading financial instruments carries a high level of risk and may not be suitable for all investors.
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GBPCHF Will Collapse! SELL!
My dear friends,
Please, find my technical outlook for GBPCHF below:
The price is coiling around a solid key level - 1.1352
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.1294
Safe Stop Loss - 1.1387
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
Moving up fastcheck out some of my ideas. also I don't take every trade idea that you see here
these are assumptions before price action completes and confirms. The point of my ideas are to predict price action everyone knows that's next to impossible but I'm having fun.
I am not a professional trader nor am I technical . all ideas are based on what I understand price to be. when I see certain confluences that aligns with my trading strategy, I then look for my opportunity to enter trades.
Good luck and happy trading
Bullish rise?GBP/CHF has reacted off the pivot which acts as an overlap support and could potentially rise to the 1st resistance.
Pivot: 1.13127
1st support: 1.12690
1st Resistance: 1.13944
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.
GBPCHF Technical Analysis! SELL!
My dear friends,
GBPCHF looks like it will make a good move, and here are the details:
The market is trading on 1.1338 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.1287
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
GBP/CHF Shared Yesterday +50 Pips 0 Drawdown , Important Update This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBPCHF, long term UPSIDE REVERSAL has started! SEED!GBPCHF has been on a weighty long downtrend that has lasted for ages but recent data is hinting of a possible reversal after waiting for eons.
On it's tri-monthly chart it has registered it's first upside shift in almost 3 years since July 2021. This is a massive change in structure as it is conveying the initial steps to upside reversal in the long term.
Expect a series of ascend from here on. First net positive buy volume resurfaced after 3 years on its tri monthly volume metrics, and histogram data.
On our lower time frame - on the daily, a new higher base has been cemented in preparation for the next series of price growth from the current range.
The current levels is a good seeding area as it provides a discount already. There will be push and pull volatility before a strong run up break will ensue. Thereafter, significant price growth will follow. Expect a consistent stair up price expansion from the present levels starting this week.
Spotted at 1.1400
TAYOR