GBPCHF TECHNICAL ANALYSIS & SETUP WEEK 24 FEB 2020

CHF HAS FAIL TO GO ABOVE THE 1.2777 AND FORMED A BEARISH GARTLEY IN BETWEEN THE 31 DEC 19 AND 18 FEB 20 INDICATING A FURTHER DECLINE IN PRICE

CHF HAS R&S @ 1.25326 A BREAK BELLOW COULD INDICATE A NEGATIVE DEVELOPMENT FOR THE PAIR


PRICE TARGET PROJECTIONS ARE:

@ 1.23300

H4 INDICATORS

RSI @50%
STOCHASTIC @ OB 80%
PRICE BELLOW 50% MA

MARKET CALENDAR
THUR 27 FEB 10 AM EUR CPI 13:00 GDP
FRID 28 FEB 7 AM UK MOM
FRID 28 FEB 8 AM SWISS EB



PAIRS THAT CORRELATE: GBP/NZD, AUD/NZD, GBP/USD

The GBP/CHF is the pairing of the British pound and the Swiss franc. As a safe-haven currency, the franc is subject to movement during times of social and geopolitical unrest. Some notable news releases affecting the pair include the Swiss National Bank monetary policy assessment and consumer price index as well as the UK trade balance and retail sales.