Hi family I'm here again with a setup that I hope can be of help to someone looking at GBPCHF as a pair to trade.

As highlighted yesterday to EUR/NZD correlations to EUR/USD at +42% and +10% to NZD/USD, GBP/NZD begins the year in a far worse situation than EUR/NZD. GBP/NZD correlations to GBP/USD runs minus 25% and minus 62% to NZD/USD. To re correlate correctly to either GBP/USD or NZD/USD, GBP/NZD must move s

We have resistance in the single currency chart lining up with a bearish Butterfly formation. This offers system trades in GBPCHF and GBPUSD to the downside with a weaker trade setup highlighting a long EURGBP opportunity.

GBP/CHF traded higher on Wednesday after it hit support at 1.2310. However, the advance stayed limited below yesterday’s beak of 1.2350. In the bigger picture, after hitting resistance near 1.2370 on December 23rd, the pair entered a small consolidation phase but remained above the upper end of a re

Most inforrmed commentary to overall currency markets is cross pairs are now aligned to anchor pairs as AUD/CHF for example is now aligned to AUD/USD by Correlations at +99%, NZD/USD to NZD/CHF +99%. GBP/USD to GBP/CHF +99%, and EUR/USD to EUR/CHF +99%. USD/CAD is correct and a fairly permanent curr

The British pound has shot straight up in the air against the Swiss franc during trading on Thursday, but it is worth noting that he gave back about half the gains. Because of this, it will be interesting to see if Sterling can keep its strength, considering that it peeled away from the 50 day EMA a

“COVID remains a threat to the global economy. Initial evidence suggests the Omicron variant is more transmissible but results in less severe illness compared to previous variants,” – CBA. USD (USDIndex 96.50) held onto gains as US stocks recovered all of Monday’s losses, as Yields also rose; USOil

Forex pairs & markets covered in this week’s Weekly Forex Forecast & Forex Analysis: USD (DXY), EUR, GBP, CHF, JPY, CAD, AUD & NZD. EURUSD, EURJPY, GBPUSD, AUDUSD, NZDUSD, NZDCHF, NZDJPY, Crude Oil (WTI), CADJPY, AUDJPY, GBPCHF, GBPJPY, EURCHF, SPX (S&P 500), Russell 2000, Nasdaq, Do

Forex pairs & markets covered in this week’s Weekly Forex Forecast & Forex Analysis: USD (DXY), EUR, GBP, CHF, JPY, CAD, AUD & NZD. EURUSD, EURJPY, GBPUSD, AUDUSD, NZDUSD, NZDCHF, NZDJPY, Crude Oil (WTI), CADJPY, AUDJPY, GBPCHF, GBPJPY, EURCHF, SPX (S&P 500), Russell 2000, Nasdaq, Do

Looking at the single currencies and CHF looks prime for dip buying. Reflecting this back onto the CHF crosses GBPCHF, NZDCHF and AUDCHF reflect CHF strength. It should be noted Swiss GDP is not until Friday so will this just be a risk off trade for the CHF?

Correlations listed below are derived from my averages 5 to 253 days. The 253 day average is an average of 7 nations yearly trading days. The 253 day is exact to USD and New Zealand. Why include 253 is because the 200 day or 6 months correspondence to markets is strange and not completely explained.

The pound drifted higher against its major counterparts in the European session on Wednesday, as the nation's inflation soared to a 10-year high in October, adding to hopes for a rate hike by the Bank of England next month. Data from the Office for National Statistics showed that UK inflation accele