Technical analysis of GBP/CHF for March 25, 2014

Show full picture Technical outlook and chart setups: 1. The GBP/CHF pair remains unchanged structurally. The back side of support trendline is providing enough resistance in the 1.4650/1,4700 zone for now. Prices should drop lower to at least 1.4350 as immediate target before producing any further meaningful pullbacks. It is recommended to remain short for now, risk remains at 1.47. 2. Immediate resistance is at 1.4650/1.4700 (trendline), followed by 1.4850/60, 1.4850 and 1.5120, while supports are spread through 1.4360/70, followed by 1.4200 and lower respectively. 3. The structure reveals that GBP/CHF should be heading south till prices remain in the sell zone and below 1.4700. Minimum expectation is 1.4350 for now. Trading recommendations: Remain short for now, stop is at 1.4700, target is at 1.4350. Good luck! Performed by Harsh Japee, Analytical expertInstaForex Group © 2007-2014 ShareAsk the authorBack to the listMore…

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Technical outlook and chart setups:

1. The GBP/CHF pair remains unchanged structurally. The back side of support trendline is providing enough resistance in the 1.4650/1,4700 zone for now. Prices should drop lower to at least 1.4350 as immediate target before producing any further meaningful pullbacks. It is recommended to remain short for now, risk remains at 1.47.

2. Immediate resistance is at 1.4650/1.4700 (trendline), followed by 1.4850/60, 1.4850 and 1.5120, while supports are spread through 1.4360/70, followed by 1.4200 and lower respectively.

3. The structure reveals that GBP/CHF should be heading south till prices remain in the sell zone and below 1.4700. Minimum expectation is 1.4350 for now.

Trading recommendations:

Remain short for now, stop is at 1.4700, target is at 1.4350.

Good luck!

The material has been provided by InstaForex Company – www.instaforex.com

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Technical analysis of GBP/CHF for March 25, 2014

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Week In FX Americas – The Loonies’ Week from Hell

via MarketPulse:

The Canadian dollar has taken it on the chin this week, already down -4.5% against its largest trading partner, the USD this year, the currency is closing out the week on the back foot and this despite the presence of a stronger retail sales headline print yesterday (+0.6%). Notwithstanding keeping rates on hold mid-week (+1%), the Bank of Canada’s policy statement leans towards a further easing bias, without explicitly making the change in stance.

Governor Poloz removed from its statement the phrase that the “substantial monetary policy stimulus currently in place remains appropriate,” which happened to appear in the last statement only a month ago. Many believe that within the context of the BoC’s heightened concern about persistently low inflation, the omission represents a step closer towards an easing bias.

However, on Friday, total inflation in Canada fell -0.2%, m/m in December, with a y/y pace of inflation to +1.2%, back into the Banks 1-3% target range from +0.9% in the month before. The increase in the yearly pace of both headline and core prices – up to +1.3% – is likely to bring some sense of calm to the “disinflation weary Governor Poloz.”

Canadian bond prices happened to soften slightly on the Canada’s inflation headline, but do remain better bid, along with US Treasurys from a flight to safety bid as investors scrambled out of riskier emerging assets. This too has the CAD shifting ever so slightly away from its newly cemented lows for the time being. Nevertheless, the “mighty buck” is expected to remain better bid on pullbacks until some normalcy reappears within all asset classes.

• Goldman Sachs CEO Still Sees Opportunities in Emerging Markets


• Canadian Inflation Hits 1.2 Percent in December


• US Attorney Pledges No Bank Too Big to Indict


• U.S. Treasurer Secretary Lew: Annual Growth could be 3%


• US Treasury Yields Lowest Since Taper


• US Unemployment Claims Rise Slightly But Trend Still Positive


• US Treasury Secretary Warns Lawmakers About Upcoming Debt Ceiling


• U.S. Dollar Continues to Roll


• Japan and US Agree To Cooperate Further on TPP Deal


• The Wealthy and the Wealth Gap


• U.S. Dollar Higher on U.S. Growth Prospects


• Global Investors Most Bullish Since 2009

WEEK AHEAD

* GBP Gross Domestic Product

* USD Durable Goods Orders

* USD Consumer Confidence

* USD Fed QE3 Pace

* USD FOMC Rate Decision

* NZD Reserve Bank of New Zealand Rate Decision

* EUR German Unemployment Rate

* EUR German Consumer Price Index

* USD Gross Domestic Product

* USD Personal Consumption

* JPY National Consumer Price Index

* EUR Euro-Zone Consumer Price Index

* CAD Gross Domestic Product

* CNY Manufacturing PMI

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Week In FX Americas – The Loonies’ Week from Hell

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