GBPCHF meets strong support: A reversal here is high probabilityLooking at GBPCHF and how it fits within my approach to structure-based trading, this one is really speaking my language.
Price has come down into a key higher-timeframe support zone: a zone that’s proven itself multiple times in the past. Now, price has shown some initial rejection there, making m
About British Pound / Swiss Franc
The British Pound vs. Swiss Franc cross is a lower volatility pair that is tempered by the currencies' economic and geographic proximity. The British Pound is one of the premier reserve currencies and represents the world's largest financial center. In turn, the Swiss Franc is used as a reserve currency around the world and is currently ranked rarely 5th or 6th in value held as reserves after the United States dollar, the euro, the Japanese yen, the pound sterling and the Canadian dollar.
Related currencies
GBPCHF: Very Bullish OutlookI see 2 strong bullish confirmations on 📈GBPCHF on a 4H time frame.
The price has broken above a key descending trend line and the neckline of an inverted head and shoulders pattern.
This suggests a high likelihood of further upward movement, with the next resistance level at 1.0825.
GBPCHF: Bearish Movement Confirmed 🇬🇧🇨🇭
GBPCHF looks bearish after the news today.
The price tested a solid rising trend line on a daily
and formed a confirmed bearish Change of Character
on an hourly time frame.
I think that the price will continue falling and reach 1.0702 level.
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GBPCHFGBPCHF price is near the main support zone 1.07101-1.06714. If the price cannot break through the 1.06714 level, it is expected that the price will rebound. Consider buying the red zone.
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GBPCHF: Short Signal with Entry/SL/TP
GBPCHF
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short GBPCHF
Entry Point - 1.0754
Stop Loss - 1.0768
Take Profit - 1.0732
Our Risk - 1%
Start protection of your profits from lower levels
Disclosure: I am part of Trade Nation's Influence
GBPCHF: Another Bearish Signal?! 🇬🇧🇨🇭
Quick update for GBPCHF.
We discussed a strong bearish confirmation yesterday.
Today, we have one more.
The price formed a double top after a test of a strong intraday
falling trend line.
Its neckline was broken this morning.
I expect a retracement to 1.0735
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See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current rate of GBPCHF is 1.07536 CHF — it has decreased by −0.24% in the past 24 hours. See more of GBPCHF rate dynamics on the detailed chart.
The value of the GBPCHF pair is quoted as 1 GBP per x CHF. For example, if the pair is trading at 1.50, it means it takes 1.5 CHF to buy 1 GBP.
The term volatility describes the risk related to the changes in an asset's value. GBPCHF has the volatility rating of 0.37%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The GBPCHF showed a 0.02% rise over the past week, the month change is a −1.15% fall, and over the last year it has decreased by −5.12%. Track live rate changes on the GBPCHF chart.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
GBPCHF is a minor currency pair, i.e. a popular pair that is not associated with USD. Such pairs are also called cross currency pairs.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade GBPCHF right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.
When deciding to buy or sell currency one should keep in mind many factors including current geopolitical situation, interest rates, and other. But before plunging into a deep research, you can start with GBPCHF technical analysis. The technical rating for the pair is sell today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the GBPCHF shows the sell signal, and 1 month rating is strong sell. See more of GBPCHF technicals for a more comprehensive analysis.