Saxo Group Videos

Videos Channels Search

Collins: GBPCHF’s has hit its peak

The GBPCHF’s bullish run is about to come to an end according to Alan Collins from 3c Analysis. Investors who have been riding the currency pair’s move higher could benefit from looking at the historical trends of such a strong rise.

The GBPCHF has hit its seventh straight day of consecutive higher lows. Alan warns that an 8th day of higher lows has not been achieved since November of 2008. Based on this historical trend he is expecting to see a pullback targeting the 100 day moving average around 1.4853 Fr. or 1.4759 Fr.

Only a move above 1.4905 Fr. negates this trade and renews the continued higher momentum.

Disclaimer

Saxo Bank Group provides an execution-only service. All information provided on Tradingfloor.com is solely for general information. Tradingfloor.com does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of our trading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. Saxo Bank Group will not be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available as part of the Tradingfloor.com or as a result of the use of the Tradingfloor.com.

Please read our notification on

Non-independent investment research disclaimer

Full disclaimer

01:01 minutes
Tags: alan collins, bull gbpchf, chf, forex, forex idea, forex market, forex markets, forex saxo bank, forex trade idea, forex trading, gbp, gbpchf, gbpchf november 2008, moving day average, pound, pound swiss franc, saxo bank, saxo bank saxo tv, saxo bank trading floor, saxo bank tradingfloor.com, saxo tv, saxo tv saxo bank, saxo tv trading floor, saxo tv tradingfloor, sell gbpchf, sell swiss franc, swiss franc, trade gbchf, trade idea, trade view, traders, traders tale, traders tale alan collins, tradingfloor.com, tradingfloor.com saxo tv, tradingfloor.com trade ideas

Switch to