GBP/CHF 技術分析 - GBP/CHF 交易: 2019-07-03

Getting ready for the publication of statistics

Weak macroeconomic statistics was published in Switzerland. The British authorities are going to take measures to stimulate the economy. Wil the GBPCHF quotations grow?

On the daily timeframe GBPCHF: D1 has reached the bottom of a wide, long-term neutral range, has pulled out of a downtrend and is trying to adjust upwards. Various technical analysis indicators have generated an uptrend signals. Further growth of quotations is possible in case of publication of positive macroeconomic indicators in the UK and negative ones in Switzerland.

• The Parabolic indicator indicates an uptrend signal.
• The Bolinger bands widened, indicating high volatility. Both lines of Bollinger have a slope up.
• The RSI indicator is above the 50 mark. It has formed a divergence to increase.
• The MACD indicator gives a bullish signal.

The bullish momentum may develop if GBPCHF exceeds its last maximum: 1.25. This level can be used as an entry point. The initial stop lose may be placed below the last lower fractal and the Parabolic signal: 1.23. After placing the pending order, the stop loss shall be moved following the signals of Bollinger and Parabolic to the next fractal minimum.Thus, we are changing the potential profit/loss to the breakeven point. More risk-averse traders may switch to the 4-hour chart after the trade and place a stop loss moving it in the direction of the trade. If the price meets the stop level (1,23) without reaching the order (1,25), we recommend to cancel the order: the market sustains internal changes that were not taken into account.

Technical Analysis Summary