Trade idea
BUY at 1.26; TP1 1.2680; TP2 1.2775; SL 1.2560
On W1, GBP/CHF formed a “hammer” candlestick at the support line from the 2016 lows. The recent minimum of the price is not confirmed by MACD. As a result, a retracement to the upside seems likely.
On D1, the candlestick formed on Friday also has a long lower wick. A return below 1.25 is needed to reestablish the bearish pressure.
Discover why FBS reduced the GBPCAD spread and what to do next!
Today's FOMC meeting is the highlight of the week, and Antje Praefcke, FX Analyst at Commerzbank, discusses the USD outlook ahead of the announcement. Praefcke believes there's low risk of the Dollar declining post-meeting due to unlikely dovish surprises, especially after strong inflation readings. Instead, the Fed may emphasize...
In its February meeting, the Bank of England kept interest rates unchanged at 5.25%, the highest in 16 years. While one policymaker advocated for a rate cut, the central bank refrained from signaling any imminent changes, citing the need for further evidence on inflation. With inflation stable at 4.0% y/y in January and the economy emerging from recession, policymakers...
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
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