GBPCHF Live Chart | Pound to Swiss franc Chart | IFCM
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Pound to Swiss franc Chart and Prices Today

GBPCHF Live Chart

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Leverage 1:100
Margin 1000
Calculation base
Status: Closed Trading
Change:
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Technical Analysis

The GBPUSD technical analysis of the price chart on 4-hour timeframe shows GBPUSD,H4 is retracing up under the 200-period moving average MA(200) after hitting three-month low three days ago. We believe the bullish momentum will continue after the price breaches above the upper bound of the Donchian channel at 1.08044. A level above this can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 1.07110. After placing the order, the stop loss is to be moved to the next fractal low indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Forex -

The number of people claiming unemployment related benefits in UK increased more than expected in June. Will the GBPUSD price rebounding reverse?

The number of people claiming unemployment related benefits in UK increased more than expected in June: the UK Office for National Statistics reported the claimant change - change in number of people claiming unemployment related benefits during the previous month, rose by 25.9 thousand in June after downwardly revised 15.3 thousand increase in previous month, when an increase of 17.9 thousand was forecast. And the change in Average Earnings Index ( the 3-month moving average ending in May compared to the same period a year earlier) representing the change in the price businesses and the government pay for labor, including bonuses – rose at an unchanged pace of 5.0% after 5.4% pace in the three month ending in April. At the same time the unemployment rate ticked up to 4.7% when steady rate of 4.6% was forecast. Faster than expected rise in the number of unemployed UK people is bearish for the Pound and GBPCHF currency pair. However, the current setup is bullish for the pair.

IndicatorSignal
RSI Neutral
MACD Buy
Donchian Channel Neutral
MA(200) Sell
Fractals Buy
Parabolic SAR Buy
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