GBPCHF - AB=CD formation and bespoke resistance to limit buying

Monthly: A bearish Elliott Wave pattern (5-waves) was compete at the 2011 low of 1.1462. Price action is holding within a triangle formation. Ichimoku Cloud resistance is seen at 1.4092 Weekly:  For the last 80 weeks we have held within a bullish channel formation. The trend line resistance is currently located at 1.3907. Bespoke resistan...

2018-04-19 Ian Coleman Read more
Double Three within a Rising Channel

GBP/CHF has been trading within a Complex Corrective Structure following Brexit and the Flash Crash. The Structure has been labeled as a Double Three and it is unfolding within a Rising Channel. GBP/CHF is sitting at some important technical levels and points of interest, in other words, price action would vibrate inside this area. If this...

2018-04-04 Richard Tataru Read more
Theresa May_Brexit

The first day of the week came in with lack of fundamentals and liquidity, while volatility picked up on the rising fears of Brexit. However, rising volatility is what we all need to jump in to new opportunities. In today’s report, we will discuss the upcoming economic releases in the UK, what to look for, how to trade the news and what matters ...

2017-01-17 Nour Eldeen Al-Hammoury Read more
Uk GDP_jobs

On Friday, all eyes were on the UK figures, since everyone in the US were on a long weekend due to Thanksgiving Day. However, the economic releases have a slight impact on the markets across the day as most traders were already out of the markets and planning for the long weekend. Yet, the numbers are still important and would be worth to have a...

2016-11-28 Nour Eldeen Al-Hammoury Read more
GBP

During the early morning hours of the Asian session on Friday, Asian traders experienced a dramatic move on GBP pairs, one that is the first of its kind in over a decade. GBP declined by more than 6% in a matter of few minutes before recovering at the end of the day. Many blamed high-frequency traders, Fat Finger and even the French President fo...

2016-10-10 Nour Eldeen Al-Hammoury Read more
Bank_of_England_Orbex

The Bank of England will be meeting tomorrow on August 4, 2016, where the central bank is expected to cut rates by 25bps, lowering the benchmark interest rate to 0.25%, a new record low. The BoE maintained interest rate steady at 0.50% since March 2009. The OIS markets are currently pricing in a 100% probability for a rate cut at tomorrow's meet...

2016-08-03 John Benjamin Read more