News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Bullish
Wall Street
Mixed
Gold
Bearish
GBP/USD
Bullish
USD/JPY
Bullish
More View more
Real Time News
  • Forex Update: As of 13:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.22% 🇨🇦CAD: 0.04% 🇨🇭CHF: -0.02% 🇳🇿NZD: -0.11% 🇪🇺EUR: -0.11% 🇬🇧GBP: -0.26% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/LZMBGAenik
  • Heads Up:🇨🇦 Average Weekly Earnings YoY (SEP) due at 13:30 GMT (15min) Previous: 7.9% https://www.dailyfx.com/economic-calendar#2020-11-26
  • It was noted that monetary policy decisions in December would be consistent with prevailing market expectations
  • ECB Minutes - headline inflation was now expected to be in negative territory for longer than had been foreseen in the September projections
  • What are the three ways the stock market impacts the economy? Find out here. https://t.co/fg2dYSBPgB https://t.co/zsILutmUNx
  • Heads Up:💶 ECB Monetary Policy Meeting Accounts due at 12:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-11-26
  • 🇲🇽 Economic Activity YoY (SEP) Actual: -5.5% Expected: -6.6% Previous: -9.2% https://www.dailyfx.com/economic-calendar#2020-11-26
  • 🇲🇽 GDP Growth Rate YoY Final (Q3) Actual: -8.6% Expected: -8.6% Previous: -18.7% https://www.dailyfx.com/economic-calendar#2020-11-26
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 93.81%, while traders in NZD/USD are at opposite extremes with 75.00%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/feJqffHqgL
  • Heads Up:🇲🇽 Economic Activity YoY (SEP) due at 12:00 GMT (15min) Expected: -6.6% Previous: -9.4% https://www.dailyfx.com/economic-calendar#2020-11-26
GBP/CHF - Break Higher Being Held in Check by Post-Brexit Trade Talks

GBP/CHF - Break Higher Being Held in Check by Post-Brexit Trade Talks

2020-11-18 14:27:00
Nick Cawley, Strategist
Share:

GBP/CHF Price, News and Analysis:

  • The technical set-up looks positive.
  • Positive EU/UK trade outcome will fire-up the trade.
Advertisement

GBP/CHF – Primed and Ready to Go

The GBP/CHF daily chart looks increasingly positive after breaking higher on November 9 and the pair are now looking at returning to multi-week and multi-month highs in the short- to medium-term. The November 9 break saw all three moving averages conclusively taken out with the break of the 200-day simple moving average the most important in terms of sentiment. The pair traded below the longer-dated sma for months and this break suggests that GBP/CHF is now set to move higher, a sentiment reinforced by the 20-day sma moving higher through the 200-day sma also for the first time since March. The pair have also made a short-term series of higher lows and highs and a break above 1.2227 and 1.2259 will leave the mid-February high at 1.2820 the next area of resistance.

While the technical outlook looks promising, this move will be predicated on a positive outcome from the ongoing EU/UK trade talks. With the finishing line in sight, if the two sides can agree on post-Brexit trade terms - and this remains a big if - then Sterling will receive a boost while the risk-averse Swiss Franc will likely nudge lower with one less market negative to worry about.

GBP Forecast
GBP Forecast
Recommended by Nick Cawley
Download our Q4 Sterling Forecast
Get My Guide

GBP/CHF Daily Price Chart (December 2019 – November 18, 2020)

GBP/CHF - Break Higher Being Held in Check by Post-Brexit Trade Talks
Trading Forex News: The Strategy
Trading Forex News: The Strategy
Recommended by Nick Cawley
Trading Forex News: The Strategy
Get My Guide

What is your view on GBP/CHF – bullish or bearish?? You can let us know via the form at the end of this piece or you can contact the author via Twitter @nickcawley1.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES